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The Barbican

(arslan.io)
723 points farslan | 1 comments | 12 May 25 15:28 UTC | HN request time: 0.001s | 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. eru ◴[13 May 25 06:44 UTC] No.43970160[source]▶
If you don't already own a flat in the Barbican, but plan to move there, than the service charges and the leasehold are immaterial to you.

If they lowered the service charges tomorrow, that would just mean that the headline market price of the apartments would go up to compensate.

If they moved from leasehold to freehold tomorrow, you would also see that reflected in the price.