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#1 porca misèria

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Posted 06 March 2012 - 04:53 PM

I just put in an offer. The agent thinks it'll be accepted (and it's in the agent's interest, 'cos there's another agent competing for the commission).

Nice stone-built cottage, though in need of some work. Lovely quiet location with no road access and noone passing (except the immediate neighbours in this cluster of six cottages). Lovely south-facing garden going down the hill.

And comfortably below budget, below its own last-sold price (Jan 2004), and well below Zoopla's estimated price for it.

Motivation: mainly that I'm p***ed off with the rental market. And by putting up a 40% deposit I can get mortgage payments down to one third of my current rent, and on a nicer place!

:D

#2 The Eagle

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Posted 06 March 2012 - 05:03 PM

Good for you, are you sure that the place isn't a money pit?

How about the neighbours, any dangerous weirdos among them?

Any old coal mines below ground?
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#3 Bloo Loo

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Posted 06 March 2012 - 05:05 PM

Good for you, are you sure that the place isn't a money pit?

How about the neighbours, any dangerous weirdos among them?

Any old coal mines below ground?


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#4 juvenal

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Posted 06 March 2012 - 05:06 PM

Good for you, are you sure that the place isn't a money pit?

How about the neighbours, any dangerous weirdos among them?

Any old coal mines below ground?


:lol: :lol: :lol:

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#5 Guest_James Toney_*

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Posted 06 March 2012 - 05:59 PM

I just put in an offer. The agent thinks it'll be accepted (and it's in the agent's interest, 'cos there's another agent competing for the commission).

Nice stone-built cottage, though in need of some work. Lovely quiet location with no road access and noone passing (except the immediate neighbours in this cluster of six cottages). Lovely south-facing garden going down the hill.

And comfortably below budget, below its own last-sold price (Jan 2004), and well below Zoopla's estimated price for it.

Motivation: mainly that I'm p***ed off with the rental market. And by putting up a 40% deposit I can get mortgage payments down to one third of my current rent, and on a nicer place!

:D


great well done, sounds a good buy, if you can get at pre 2004 prices, it is a no brainer if you are paying a third of your rent too,

#6 8 year itch

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Posted 06 March 2012 - 06:30 PM

Good for you, are you sure that the place isn't a money pit?

How about the neighbours, any dangerous weirdos among them?

Any old coal mines below ground?

He's been drinking roundup

There is no ladder.

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No need to sell up, the next phase of the economics cycle is going to be very positive for anyone that owns property.

All I'm sayings is, don't listen to the property bears people, they are wrong.


#7 laurag

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Posted 06 March 2012 - 06:31 PM

Yes, good luck in your new home.

#8 aSecureTenant

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Posted 06 March 2012 - 06:44 PM

Could be a tasty bunker, or the coal could be a survival lifeline come peak oil. (Plus there might be gold in them thar mines!)


Ideal for storing and launching your "superhero" Watchman style flying vehicle.

Edited by "Steed", 06 March 2012 - 06:45 PM.

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#9 Sine270

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Posted 06 March 2012 - 06:50 PM

And dont forget that maintenence costs will more than takeup the difference between rent and mortgage payment ;)

#10 porca misèria

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Posted 06 March 2012 - 06:53 PM

Good for you, are you sure that the place isn't a money pit?

:huh: I expect to spend a few quid bringing it up to scratch. But I expect ongoing costs to be met comfortably from the rent I'm no longer paying. :D

How about the neighbours, any dangerous weirdos among them?

Hmmm .... not the most likely location for anything more sinister than a HPCer.

Any old coal mines below ground?

No coal around here. If there were mine workings they'd be something different. ;)

#11 winkie

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Posted 06 March 2012 - 06:58 PM

I just put in an offer. The agent thinks it'll be accepted (and it's in the agent's interest, 'cos there's another agent competing for the commission).

Nice stone-built cottage, though in need of some work. Lovely quiet location with no road access and noone passing (except the immediate neighbours in this cluster of six cottages). Lovely south-facing garden going down the hill.

And comfortably below budget, below its own last-sold price (Jan 2004), and well below Zoopla's estimated price for it.

Motivation: mainly that I'm p***ed off with the rental market. And by putting up a 40% deposit I can get mortgage payments down to one third of my current rent, and on a nicer place!

:D


Good Internet connection...check.

Less can be more. ;)
What you don't owe won't worry you.

Less can be more.

#12 porca misèria

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Posted 06 March 2012 - 07:02 PM

Good Internet connection...check.

Less can be more. ;)

Thanks, but already checked that one. BT's ADSL checker gives me a very similar estimate to the current place. So even if they've erred the wrong way it's not a total disaster.

And south-facing roof, where I could in principle put up a satellite-internet dish. Though I want to use the space for solar panels.

#13 Frank Hovis

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Posted 06 March 2012 - 07:11 PM

Attractive pricing in Devon, maybe it'll cross the Tamar next :)

Well done you miserable pig you!
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#14 plummet expert

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Posted 06 March 2012 - 07:15 PM

I just put in an offer. The agent thinks it'll be accepted (and it's in the agent's interest, 'cos there's another agent competing for the commission).

Nice stone-built cottage, though in need of some work. Lovely quiet location with no road access and noone passing (except the immediate neighbours in this cluster of six cottages). Lovely south-facing garden going down the hill.

And comfortably below budget, below its own last-sold price (Jan 2004), and well below Zoopla's estimated price for it.

Motivation: mainly that I'm p***ed off with the rental market. And by putting up a 40% deposit I can get mortgage payments down to one third of my current rent, and on a nicer place!

:D

Stick to the paths....and er er, Zoopla pricing is not reliable. Watch out for more 'n more interest rate hikes over the next 3-4years.

#15 scottbeard

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Posted 06 March 2012 - 07:21 PM

Hope you enjoy your new home!
"A banker is a fellow who lends you his umbrella when the sun is shining and wants it back the minute it begins to rain." Mark Twain




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