Steppenpig Posted May 6, 2016 Author Share Posted May 6, 2016 Series 9 episode 16 on Really today Paid 141,500 in 2007, projected to need 40k to make habitable, sold for 101k in 2009 There seems to be confusion over whether it is 162 Underwood Rd or 149 Fore St, Plympton (Purchase details identical) Presumably a sreet name change. http://www.zoopla.co.uk/property/162-underwood-road/plympton/plymouth/pl7-1te/18479248 http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=7702464&sale=43214573&country=england Couple looked pretty depressed standing in the shell of their house, while voiceoover was still predicting a possible rosy future if they thought about getting a loft conversion. It seems to have made the local press. http://www.westbriton.co.uk/Street-residents-fed-derelict-houses/story-11463550-detail/story.html I'm guessing the purchasers did a runner. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted May 6, 2016 Author Share Posted May 6, 2016 The programme doesn't deserve the respect we're paying it by even discussing it here. I wonder if we can gather some evidence to make a formal complaint. Even ignoring the fantasy budgets, it's clear that many of the purchases are not the bargains the show is making out. Quote Link to comment Share on other sites More sharing options...
MattW Posted May 6, 2016 Share Posted May 6, 2016 ^^ No chance of a HUTH 'revisit' to that property then?! Quote Link to comment Share on other sites More sharing options...
nome Posted May 7, 2016 Share Posted May 7, 2016 I wonder if we can gather some evidence to make a formal complaint. Even ignoring the fantasy budgets, it's clear that many of the purchases are not the bargains the show is making out. We should approach the BBC with an idea for a new programme... it will be a factual programme all about the profit that can be had from inexperienced amateurs investing in stocks and shares. The investors will often do little to no research regarding the shares they're investing in. They will often apparently manage to buy the shares for 'bargain' prices although no proof will be required to substantiate their purchase price. They will always be shown to make a very healthy profit on the shares despite their inexperience and regardless of how the market performs. If they do appear to have invested badly we'll just get some "expert" in to give a fantasy valuation of what the shares WILL be worth at some indeterminate time in the future. The programme will be relentlessly upbeat, will treat highly optomistic speculation on potential future profits as FACT and will barely even mention the risks and downsides of investing in the stock market. When the BBC get back to us and tell us what a preposterous idea this is and how morally and ethically wrong it would be we can then ask them to explain the difference between our programme and HUTH. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted May 7, 2016 Author Share Posted May 7, 2016 The investors will often do little to no research regarding the shares they're investing in. I was planning to use the share buying analogy myself. Even funnier are the ones who have done some research into their potential investment, but decide it too expensive on the day so go on to buy some random other investment that they know nothing about, on the assumption that as the one they researched has proven to be bad value, all others must be good value. Mental. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted May 19, 2016 Author Share Posted May 19, 2016 Have been checking up quite a few over the last couple of weeks, but sadly no real disasters. I think I'll give it a break. It's actually quite fun tracking them down on the internet, but having to watch the programme for an hour to pick up all the necesary details is a drag, especially as they repeat all the tedious "human interest" bits in the before and after slots (Humans! Who needs them?) So just to summarise so far. In my view, contrary to the impression given by the program, most purchasers are not making any significant profit by purchasing at auction compared to purchasing through the normal channels. It is hard to judge the fantasy budgets and whether the personal time devoted makke financial sense. Very few make actual nominal losses. Those purchasing in London and SE usually have made big profits simply from generally rising prices. In the north, many prices are no higher than in 2007. The valuations given by the estate agents are virtually always on the high side. The actual (nominal) profits usually about half what is claimed. Properties nearly always go for more than the guide price, sometimes much more. I know this is obvious to evryone - except the presenters of the programme, so they add to the air of intoxicated misinformation by saying things like "if they get it for the guide price, they are going to make big profits". So a final one 42 Harrison Rd, Chorley, PR7 3HP paid 85k in 2007. wanted to flip it with zero work. EA values it at 90 to 100k. Owner says worth more and on market at 105k. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=13715865&sale=27349052&country=england Appears to never have sold. Apparently a further attempt to sell it in Nov 2008 for 85k http://www.zoopla.co.uk/property-history/42-harrison-road/chorley/pr7-3hp/12155251. According to Zoopla, current valuation around 77k In the programme's defence, the presenters were a bit dubious. (There was also one a couple of weeks ago, where bloke claimed he had alrady sold for 260k, but in reality it was 250k. You'd think they could check up things like that themselves) Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted May 23, 2016 Author Share Posted May 23, 2016 (edited) I can't keep away. Fairly modest results today, contrary to happy clappy misinformation of presenters. Series 19 episode 50 3, High Hatton Shropshire. 17 July 2014 paid 90k, costs 30k, total 123k June 2014 valued at 190k, owner sniffilly thinks 195 to 200k is realisable Not sold, was marketed at 170k http://www.samuelwood.co.uk/property_sales_details/26050042/3-High-Hatton-Shawbury-Shrewsbury so max nominal "profit" half what claimed by voiceover of 67k ++++ 20 Princes Crescent, Edlington Doncaster 29 January 2015 paid 26k, plus costs 13k total 40k valued 55 to 65k Not sold. Other properties in street listed for 42 to 60k Property had been flipped 6 months before purchase for 10k ++++ 54 Northcote Rd, Strood, Kent http://www.i-bidder.com/en-gb/auction-catalogues/clive-emson/catalogue-id-ibcl10052/lot-6a0b85ee-815c-4372-8078-a44d00dcf8d8 23 March 2015 paid 130k, costs~13k, total -144k claimed to have sold for 170k, but not on land reg. Neighbor sold for 160k, might just be a data input mix up. +++ Edited May 23, 2016 by Steppenpig Quote Link to comment Share on other sites More sharing options...
nome Posted May 23, 2016 Share Posted May 23, 2016 I used to sort of enjoy getting wound up watching it, but now it just genuinely riles me and I actively avoid it. Did read that the bbc were considering dropping it, bit late now the damage has been done, 15 years of encouraging greedy, feckless morons to get into btl. Quote Link to comment Share on other sites More sharing options...
juvenal Posted May 23, 2016 Share Posted May 23, 2016 Keep up the good work, Steppenpig. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted May 26, 2016 Author Share Posted May 26, 2016 More over optimistic claims today. series 19 episode 53 1 Maerdy Cottages, Ferndale, CF43 4BD EA valued at 60k to 75k. Claimed had accepted offer for 60k. Actually sold for 57k So claimed "profit" before fees and expenses reduces from 12 k to 9k http://www.zoopla.co.uk/property/1/maerdy-cottages/maerdy/ferndale/cf43-4bd/4293243 Quote Link to comment Share on other sites More sharing options...
ccc Posted May 26, 2016 Share Posted May 26, 2016 More over optimistic claims today. series 19 episode 53 1 Maerdy Cottages, Ferndale, CF43 4BD EA valued at 60k to 75k. Claimed had accepted offer for 60k. Actually sold for 57k So claimed "profit" before fees and expenses reduces from 12 k to 9k http://www.zoopla.co.uk/property/1/maerdy-cottages/maerdy/ferndale/cf43-4bd/4293243 Isn't this one you could actually complain to the PCC about ? Its a clear made up number. Quote Link to comment Share on other sites More sharing options...
MattW Posted May 26, 2016 Share Posted May 26, 2016 Did read that the bbc were considering dropping it, bit late now the damage has been done, 15 years of encouraging greedy, feckless morons to getinto btl. It may start to get more interesting to watch with the more naive BTL contingent unaware of the new stamp duty and income tax changes! Providing of course the produces are honest about the costs post renovation. On the other hand, if HUTH continues then I think we will see more buyers featured who are wanting a house to live in. The plus side will be fewer houses with beige walls and cheap carpets stipped of any character post renovation. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 2, 2016 Author Share Posted June 2, 2016 Series 20, Episode 14 A couple of mildly incompetant and badly prepared investor/speculators today, but the effect is spoiled by the fact that they still ended up in profit. +++ 53 Balliol Road, Welling DA16 1PQ http://www.zoopla.co.uk/property/53-balliol-road/welling/da16-1pq/6182777 Speculator had intended to purchase a different property, but ended up paying more, unviewd, for a wreck. Budget out of control, goes from 20 to 30k. (Plus, the previous purchaser has bought the wreck 6 months previously, and flipped it to these guys for 98k profit) +++ 42 Park Lane, Nottingham NG6 0DT http://www.zoopla.co.uk/property/42-park-lane/nottingham/ng6-0dt/15963951 Purchased on spec because had finance in place for a different property which fell through. Unfortunately new property did not meet conditions, so finace fell through. Bridging loan required. Also lots of redevelopment problems. Presenter describes her as having bad luck. No it bloddy wasn't, it was total lack of research. +++ 1 and 2 Coombes Valley View, Moss Side, Callington PL17 8AS claimed to have sold both for 210k, but only one appears on the land reg. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 2, 2016 Author Share Posted June 2, 2016 Isn't this one you could actually complain to the PCC about ? Its a clear made up number. It was the interviewer who said it though. Obviously they should check it, but I suspect they'd weasel out of it. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 3, 2016 Author Share Posted June 3, 2016 (edited) Series 19 Episode 56 22, Woodbine Terrace, birtley, Tyne & Wear, DH§ 1AJ http://www.zoopla.co.uk/property/22-woodbine-terrace/birtley/chester-le-street/dh3-1aj/6746034 One of the ones where they thnk the Ess underestimate, and are proved right. EA says 90k, sold for 105k (9 months later, so presumably finance costs which they never mention) Seemed to be encouraging the pretence that it was a 16 year old schoolkid doing it, but fairly obvious his real contribution was minimal. + + + 12 REGENT STREET, WOODSETTON, DUDLEY, DY1 4NH http://www.zoopla.co.uk/property/12-regent-street/dudley/dy1-4nh/7443084 More like it. EA says 125k (giving 27k profit), speculator hoping for 130k, actual 110k (for12k profit, less the extra 6 mnths inancing). + + + 135 Mimmis Road Birchington Turns out not registered with Land Reg. Speculator worn out by the hassle. Huth still speculationg about the hypothetical profits from a complete redevelopmen. Speculator says she has sold it but nothing on Land Reg (poss because of the registration issues). Huth really should have followed up a dodgy case like this, even if it still looked like the speculator would end up with a comfortable profit. Edited June 3, 2016 by Steppenpig Quote Link to comment Share on other sites More sharing options...
ChewingGrass Posted June 4, 2016 Share Posted June 4, 2016 Series 19 Episode 56 22, Woodbine Terrace, birtley, Tyne & Wear, DH§ 1AJ http://www.zoopla.co.uk/property/22-woodbine-terrace/birtley/chester-le-street/dh3-1aj/6746034 One of the ones where they thnk the Ess underestimate, and are proved right. EA says 90k, sold for 105k (9 months later, so presumably finance costs which they never mention) Seemed to be encouraging the pretence that it was a 16 year old schoolkid doing it, but fairly obvious his real contribution was minimal. + + + 12 REGENT STREET, WOODSETTON, DUDLEY, DY1 4NH http://www.zoopla.co.uk/property/12-regent-street/dudley/dy1-4nh/7443084 More like it. EA says 125k (giving 27k profit), speculator hoping for 130k, actual 110k (for12k profit, less the extra 6 mnths inancing). + + + 135 Mimmis Road Birchington Turns out not registered with Land Reg. Speculator worn out by the hassle. Huth still speculationg about the hypothetical profits from a complete redevelopmen. Speculator says she has sold it but nothing on Land Reg (poss because of the registration issues). Huth really should have followed up a dodgy case like this, even if it still looked like the speculator would end up with a comfortable profit. Zoopla shows both of those at negative value changes over the last 12 months with the best of the two appreciating by less than 2%/yr over 5 years. Hardly a do nothing investment. HUTH is for chancers/spivs/idiots. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 6, 2016 Author Share Posted June 6, 2016 Series 19 Episode 57 7 Greenbank Crescent, Southampton SO16 7FR http://www.zoopla.co.uk/property/7-greenbank-crescent/southampton/so16-7fr/22144574 EA valuation 750 to 800k, claimed profit of 170k Actual sold 711k for half the claimed profit Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 7, 2016 Author Share Posted June 7, 2016 Series 20 Episode 15 489 Baker Street, Alvaston, Derby DE24 8SN http://www.zoopla.co.uk/property/489-baker-street/alvaston/derby/de24-8sn/6553978 EA valuation Jan 2016: 105~110~115k Voiceover notes profit of 13.5k at 110k Speculator says intends to market at 115k Currently on market at 100k (3.5k profit if it sells at that) http://www.rightmove.co.uk/property-for-sale/property-40752909.htm previously listed at 110k http://www.zoopla.co.uk/property-history/489-baker-street/alvaston/derby/de24-8sn/39869092 + + + 13 Rivershill, Sale M33 6JS http://www.zoopla.co.uk/property/13-rivershill/sale/m33-6js/14294573 Thanks to obtaining planning permission, speculation that they could sell the site for double their money, and if they wanted to do the redevelpment themselves, double again) No evidence of any sale/marketing in two years, or of any local sales at the prices they are speculating. + + + Flat 6h Blythe Hill, catford, SE& 4UJ Just included for completeness. In London, so presumably insane price increase. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 9, 2016 Author Share Posted June 9, 2016 Series 20 Episode 16 Nothing exciting, but just for the record. I may chase them one day to see if they sold. 54 Water Lane, South Normanton, Alfreton DE55 2EE Total cost 49k, EA valuation 75k, marketed at 77.5k http://www.zoopla.co.uk/property-history/54-water-lane/south-normanton/alfreton/de55-2ee/39346053 + + + 35 Mount Stewart Street, Seaham SR7 7NG http://www.zoopla.co.uk/property/35-mount-stewart-street/seaham/sr7-7ng/22557751 http://www.zoopla.co.uk/property-history/35-mount-stewart-street/seaham/sr7-7ng/38023803 Total cost 50k, EA valuation 55 to 60k Intersting that Glen/Greg primarily sources investment properties for investors for a fee. No one seems to ever question, if property speculation is so profitable, why doesn't he snaffle them all for himself. Also a brief mention of the effects of the 3% stamp duty and the reduced interest offset. + + + 249 (or 249b) East St, Tylerstown, CF43 3HG mixed cimmercial/resisential. zoopla details seem wrong http://www.zoopla.co.uk/property/249-east-road/tylorstown/ferndale/cf43-3hg/4291715 this is the property http://www.movehut.co.uk/property/321407-249-east-road-tylorstown-mid-glamorgan/ Quote Link to comment Share on other sites More sharing options...
nome Posted June 9, 2016 Share Posted June 9, 2016 Got to admit I watched a whole 5 mins of huth this morning and caught that Water lane, Alfreton one... pretty boy who bought it didn't know it had a flying freehold and didn't even know what a flying freehold was! Also his dads ''surveyor'' mate had a look at the huge crack running the full length of the house, inside and out... nah it's nowt to worry about just slap some new render over it, jobs a good'un. Looking on the streetview there seems to be some rather suspicious random gaps of fenced off waste land between terrace houses, perhaps suggesting that subsidence is quite a bit more than a minor issue in the area. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted June 9, 2016 Share Posted June 9, 2016 Yeah I saw that clip. I noticed that that they had 3 real dives on, not a sign of a sw10 conversion. That one you mention was a real hovel. Gable was clearly falling away. All done for 11grand, damp course, tanked, crack stitched, replastered, rewire, kitchen bathroom, what a fantasy. Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 10, 2016 Author Share Posted June 10, 2016 (edited) Series 18 Episode 1449 West Street, Milbrook, Torpoint, PL10 1ADMade a good profit, but it is still interesting how EAs and property owners just can't help themselves with their optimistic overvaluations. EAs say 250 to 275k, owner hoping for 295k, sold one year later (probably 10% price inflation) for 265.http://www.zoopla.co.uk/property/49-west-street/millbrook/torpoint/pl10-1ad/18504250(for whatever reason, the actual auction sale is not on the land reg data. 21 March 2103, 151k)+ + + 3 real dives They often are "hard to sell" properties, which the novice speculators don't really take into account. often they are planning to flip them, but they end up as accidental landlords Edited June 10, 2016 by Steppenpig Quote Link to comment Share on other sites More sharing options...
little fish Posted June 10, 2016 Share Posted June 10, 2016 Interview with Cherie Blair at spivfest where she admits to being a HUTH fan. She thinks the participants on the show are exactly the sort of people (entrepreneurs) that the government should want to help. Her bit on huth starts around the 4.19 mark. Quote Link to comment Share on other sites More sharing options...
MattW Posted June 10, 2016 Share Posted June 10, 2016 Interview with Cherie Blair at spivfest where she admits to being a HUTH fan. She thinks the participants on the show are exactly the sort of people (entrepreneurs) that the government should want to help. Her bit on huth starts around the 4.19 mark. 1:00 - " Hard working individual landlords" Quote Link to comment Share on other sites More sharing options...
Steppenpig Posted June 10, 2016 Author Share Posted June 10, 2016 (edited) Series 9 Episode 12(although saw it on "Homes" which just called it "Episode 19")Granville Stores, Granville Avenue SL2 1NDThis one's been on hpc beforehttp://www.housepricecrash.co.uk/forum/index.php?/topic/98282-most-stupid-homes-under-the-hammer-buyer-ever/Bought 23 oct 2007 for 125k, spent 10k failing to get planning permission.EAs value at 55k to 95kAppears to have been marketed in 2009 for 55k, and currently in 2016 for 100khttp://www.rightmove.co.uk/commercial-property-for-sale/property-25255682.htmlhttp://www.rightmove.co.uk/property-for-sale/property-40130748.htmlThe most ridiculous bit was, the purchaser put it back onto auction, but it did not sell so had incurred losses of 70k, but the narrator was still speculating that he could redevelop it and make enormous profits. + + + 26 Starkie St, Darwen, Lancs, BB3 2BU http://www.zoopla.co.uk/property/26-starkie-street/darwen/bb3-2bu/1325752 purchased 2007 for 62.5k, spent 10k, total 73k. EA valuation 90k Not sold, but down in the property history on the zoopla page, marketed for 65k in 2014 and 53k in 2015. (also last rental was 375 per month compared to the EA's estimate of 395/400, 10 years ago!) + + + 104 Hall St, Burslem, ST6 4BD http://www.zoopla.co.uk/property/104-hall-street/burslem/stoke-on-trent/st6-4bd/22930126 2007 paid 69k, total 86k, EA valuation 85 to 90k Edited June 10, 2016 by Steppenpig Quote Link to comment Share on other sites More sharing options...
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