House prices in Sydenham

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fat_mike
Posts: 54
Joined: 4 Oct 2007 23:25
Location: North London

House prices in Sydenham

Post by fat_mike »

Just want to hear peoples opinion on this subject, when the East London Line re-opens in a coplue of months do people think there will be a little rise in property prices?
leenewham
Posts: 5886
Joined: 2 Sep 2007 11:58
Location: SYDENHAM
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Post by leenewham »

Looking to move?
JRobinson
Posts: 1104
Joined: 5 Jan 2010 12:40
Location: De Frene Rd

Post by JRobinson »

I think property prices are already rising aren't they?
(we had an offer accepted for £305k back in October maybe, and I'm sure prices have risen since then, I reckon we got a bargain, or we will have done once we move in!)

but another question is will it make more difference on April 4th, when the ELL opens from NCG to Dalston (allowing you to change at NCG), or on May 22nd when it links in with the new National Rail timetables, and goes all the way to Crystal Palace (allowing you to get on at Sydenham and go all the way to Dalston)?
dickp
Posts: 567
Joined: 7 Jan 2005 14:39
Location: Cardiff

Post by dickp »

When I looked a few days ago, prices in my area were trading about 20 per cent higher than they were four years ago.

So, if you bought a long time ago, you're still quids in. If you bought more recently, you're stuffed.

The ELL line might cushion some of the local swings in house prices to some extent. But I don't think it's a panacea for fluctuations generally.
fat_mike
Posts: 54
Joined: 4 Oct 2007 23:25
Location: North London

Post by fat_mike »

for personal reasons, yes I have to move, but I do love living in Sydenham
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