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The Barbican

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723 points farslan | 1 comments | 12 May 25 15:28 UTC | HN request time: 0s | source
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frereubu ◴[12 May 25 20:21 UTC] No.43967068[source]▶
The apartments are lovely, but the service charges are eye-watering, ranging from around £6,000 per year for a two-bedroom, to £14,400 for the more expensive ones:

https://themodernhouse.com/sales-list/thomas-more-house-ii

https://themodernhouse.com/sales-list/Lauderdale-Tower-II

https://themodernhouse.com/sales-list/willoughby-house

https://themodernhouse.com/sales-list/ben-jonson-house-iii

And all are sold on that weird UK feudal relic, leaseholds, so you're just buying for a certain number of years - a couple of the ones above only have ~80 years remaining.

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1. pledg ◴[13 May 25 01:32 UTC] No.43968972[source]▶
That’s on the cheap end of zone 1 London for service charges, especially anything with a porter and gardeners. If you were buying now you’d renew the lease for about £20k, which is a tiny fraction of the purchase price you’d be paying. (Source: did it in 2022)