Housing bubble: Would you pay over £1m for this semi-detached house in Tooting?

Would you pay £1m for this house?

Would you pay £1m for this house?

First published in News
Last updated
Wandsworth Guardian: Photograph of the Author by , Chief Reporter

As prices rocket across London the signs of the housing bubble are no more evident than in this semi-detached Tooting house on the market for over £1m.

The cost of buying a property is rising at its fastest rate for nearly seven years and the surge is considered the biggest property bubble in history.

Wandsworth Guardian:

The kitchen 

An advert, featured on the Prime Location website, values the five-bedroom house in Broadwater Road as £1,095,000.

It is advertised as having two receptions, a kitchen, two bathrooms, a garage, garden and ‘plenty of potential’ with opportunity for development.

The advert says: “A superb five bedroom house offering smart and exceptionally spacious accommodation benefiting from two generous reception rooms, private 42ft garden and off-street parking.

“Broadwater Road is situated by Fishponds Playing Fields and close to a great range of shops, bars and restaurants in Tooting and Earlsfield.

Wandsworth Guardian:

Master bedroom

Wandsworth Guardian:

A bathroom

“It would be ideal for a family looking to create their own mark or for a developer to convert or expand subject to planning permission. Excellent location. No chain or freehold. An opportunity not to be missed.”

Foxtons estate agents value the average property in Tooting at £612, 767 with the average flat being £424,748 and the average house valued at £875,993.

The average London home has increased in value by more than £50,000 a year and experts find it difficult to predict when the bubble will pop.

Would you pay over £1m for a semi-detached house in Tooting? Leave a comment below or email ssleigh@london.newsquest.co.uk

Wandsworth Guardian:

The garden 

Wandsworth Guardian:

A reception room

Comments (5)

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9:33am Thu 15 May 14

emelem says...

seeing as semi-detached is still attached, no.

and you could buy 5 of those, detached- and bigger- for the same money in other parts of the world, so, still, no. lol!
seeing as semi-detached is still attached, no. and you could buy 5 of those, detached- and bigger- for the same money in other parts of the world, so, still, no. lol! emelem
  • Score: 4

3:57pm Thu 15 May 14

buggsie says...

Area is a slum - with a Labour MP.
Area is a slum - with a Labour MP. buggsie
  • Score: -6

8:15pm Thu 15 May 14

puzzled says...

I would say this is Foxtons trying to get publicity for their new shop. It doesn't even have a matching bathroom suite
I would say this is Foxtons trying to get publicity for their new shop. It doesn't even have a matching bathroom suite puzzled
  • Score: 5

11:13am Fri 16 May 14

danielson2014 says...

puzzled wrote:
I would say this is Foxtons trying to get publicity for their new shop. It doesn't even have a matching bathroom suite
it is also against the law for them to have two boards up a one property, trading standards would have a field day.
[quote][p][bold]puzzled[/bold] wrote: I would say this is Foxtons trying to get publicity for their new shop. It doesn't even have a matching bathroom suite[/p][/quote]it is also against the law for them to have two boards up a one property, trading standards would have a field day. danielson2014
  • Score: 5

4:24pm Fri 16 May 14

Axebattle4 says...

Hideous decor and fittings - you'd need to rip the lot out. But I guess this is not too far off what the vendors might get for it - a sobering thought!
Hideous decor and fittings - you'd need to rip the lot out. But I guess this is not too far off what the vendors might get for it - a sobering thought! Axebattle4
  • Score: 4

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