What's new

New Stadium Details And Discussions

SUIYHA

Well-Known Member
Jan 15, 2017
1,723
8,579
Assuming Spurs get the flats built they will be asking serious money for them , here's a current asking price for a new build flat at Tottenham Hale, surprised me ..https://www.rightmove.co.uk/property-for-sale/property-60988209.html

The Tottenham Hale developments are pretty unique to Tottenham IMO. Some of the properties around there are really nice already and there's more to come. Being right next to the station you've got 24 hour Victoria line access (which is the quickest line - can be in Oxford Circus/Green Park in less than 20 minutes) and overground access to either get to Liverpool Street in 15 minutes or Stanstead Airport in less than 40 minutes. Being right next to the reservoirs means there's also some really nice scenery around and the area is becoming perfect for middle class working families that want quick access to the city and newly built gentrified facilities and shops from the retail park next door.

There's definitely been improvements around the stadium area, including the expanded WHL station, but it's still nowhere near as nice around there as Tottenham Hale and takes a lot longer to get in and out of the area, so other than the thrill of Spurs fans owning a property next to the stadium I don't think they'll fetch as much as the new builds in Tottenham Hale. Not yet anyway.
 

therhinospeaks

Well-Known Member
Dec 18, 2014
667
818
The Tottenham Hale developments are pretty unique to Tottenham IMO. Some of the properties around there are really nice already and there's more to come. Being right next to the station you've got 24 hour Victoria line access (which is the quickest line - can be in Oxford Circus/Green Park in less than 20 minutes) and overground access to either get to Liverpool Street in 15 minutes or Stanstead Airport in less than 40 minutes. Being right next to the reservoirs means there's also some really nice scenery around and the area is becoming perfect for middle class working families that want quick access to the city and newly built gentrified facilities and shops from the retail park next door.

There's definitely been improvements around the stadium area, including the expanded WHL station, but it's still nowhere near as nice around there as Tottenham Hale and takes a lot longer to get in and out of the area, so other than the thrill of Spurs fans owning a property next to the stadium I don't think they'll fetch as much as the new builds in Tottenham Hale. Not yet anyway.

Good post and I concur. Bruce Grove is pretty much the boundary line of where prices have been rocketing. It would of all changed had the High Road and Northumberland Park developments been given the go ahead.
 

NickHSpurs

Well-Known Member
Mar 14, 2004
13,626
11,875
Looks like Inter/AC doing similar to what we did and building a stadium next door to the San Siro and then knocking it down.
 

Peapod

New Member
Mar 23, 2010
1
2
I think it’s the same guy who provided the figure for the spend figures before half time in the opening game, that was then taken as gospel by the media.

Nope, that last was not me. I overheard the concessions number that I heard while having breakfast in the team hotel in Madrid, from someone speaking a bit too loud at another table.
 

Lilbaz

Just call me Baz
Apr 1, 2005
41,363
74,893
Looks like Inter/AC doing similar to what we did and building a stadium next door to the San Siro and then knocking it down.

They don't own the san siro.

It will be strange to see who owns the new stadium and who pays for what.
 
Last edited:

davidmatzdorf

Front Page Gadfly
Jun 7, 2004
18,106
45,030
Assuming Spurs get the flats built they will be asking serious money for them , here's a current asking price for a new build flat at Tottenham Hale, surprised me ..https://www.rightmove.co.uk/property-for-sale/property-60988209.html
Assume these developments were passed by the previous Labour administration at haringey Council as you can hardly call an asking price of £675,000 as affordable housing . Don't know what it's like now but under the old mortgage lending guidelines it was 5 times salary , that means an income of in excess of £100,000 per year to get anywhere near borrowing the amount to buy these places. Be just Spurs luck to have a property crash while we are building the flats.

I don't think the £675k flat is affordable housing - it doesn't say so anywhere on the sales webpage.

But there are plenty of shared ownership properties in the immediate neighbourhood and they are affordable housing, intended for intermediate-income people. The way shared ownership works is that the flat is valued on an Open Market basis, just like any other private-sector flat, so a £675k flat would be valued at £675k. But the person who buys the lease only has to buy a minimum of 25% of the value and then pays rent on the rest. So they would need a deposit-plus-mortgage totalling £675k / 4 = £169k.

Shared ownership meets a need, but it isn't the major, important need, which is for properly-affordable rented housing, such as we had prior to 2010, which is when the coalition government effectively terminated the capital grant funding system and told housing associations to raise rents to take up the difference. Prior to 2010, rents were roughly 40%-60% of market levels and the market levels were much lower. Since 2010, "affordable" rents are 80% of market levels and the growth of demand in the private rented sector has driven market rents way up. It's not affordable housing at all. London's Labour councils, including Haringey, Islington & Camden, are all starting to build their own council housing again, generally on land they own already, and they are setting rents at the historical, properly-affordable levels and making up the difference by letting developers build private flats on other parts of their land.

We aren't in a property crash yet, but asking prices are not selling prices. A lot of units are languishing on the market, with sellers refusing to drop their valuations and buyers hard to find.

Some architects I know have work featured in this very good article:
https://www.theguardian.com/artandd...back-its-booming-and-this-time-its-beautiful?
 
Last edited:

SirHarryHotspur

Well-Known Member
Aug 9, 2017
5,007
7,433

coys200

Well-Known Member
May 22, 2017
8,436
17,403
Arsenal fans absolutely losing their minds we can spend £1bn on a stadium and buy a player for £65m. It’s a beautiful thing ?
 

RichieS

Well-Known Member
Dec 23, 2004
11,916
16,436
Arsenal fans absolutely losing their minds we can spend £1bn on a stadium and buy a player for £65m. It’s a beautiful thing ?
Any expectation they had of us having similar "struggles" to them always ignored that a) they've been woefully mismanaged since Dein left, and b) the financial climate in the PL is totally different compared to when they built their stadium. Even if our loan payments come out at £40m a year, that's not much more than loose change these days.
 

coys200

Well-Known Member
May 22, 2017
8,436
17,403
NFL dressing room
60A93055-03FD-44BE-ACF7-45193A680F7B.jpeg
 

Bulletspur

The Reasonable Advocate
Match Thread Admin
Oct 17, 2006
10,690
25,246
Any expectation they had of us having similar "struggles" to them always ignored that a) they've been woefully mismanaged since Dein left, and b) the financial climate in the PL is totally different compared to when they built their stadium. Even if our loan payments come out at £40m a year, that's not much more than loose change these days.
And you forgot the most important c) we have Daniel Levy, they didn't! :LOL:
 
Top