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News and Comment August 2023

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3 August - Deep pockets. Deep doo-doo

Someone with more free time than I had yesterday looked into the status of nine more properties that became Houses of Multiple Occupation in 2015/16 and came up with something interesting on the Land Registry. All of them were re-sold on the same day, 1st December 2021, for sums in excess of £600,000.

 

19 Lyndon Road, Belvedere, DA17 5AU  •  £619,390  •  7 April 2016
Pembroke House, 1 – 3 Pembroke Road, Erith, DA8 1BN  •  £634,390  •  18 April 2016
28 Glendale Road, Erith, DA8 1BP  •  £630,390  •  1 June 2016
2 Athol Road, Erith, DA8 1PT  •  £634,390  •  4 July 2016
15 Athol Road, Erith, DA8 1PT  •  £634,390  •  20 November 2015
13 Holly Hill Road, Erith, DA8 1QB  •  £632,390  •  9 March 2016
33 Alexandra Road, Erith, DA8 2AX  •  £634,390  •  7 April 2016
35 Alexandra Road, Erith, DA8 2AX  •  £634,390  •  12 December 2016
38 Olyffe Avenue, Welling, DA16 3HY • £634,390 • 4 July 2016


Properties became six flat HMOs on dates shown.


Who can afford to pay £5 million or so on the same day for a bundle of nondescript houses? One might guess it must be either Bexley Council or a Government Agency housing immigrants awaiting processing.

What made 33 and 35 Alexandra Road in Erith attractive to the purchaser but not numbers 37, 53 and 60 which are all HMOs too?

 

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