Wednesday, Jul 22, 2009
Tee hee, try dropping your price a bit more!
Metro: No sale for £1m house with 'free Ferrari'
In December last year Duncan Jones said he would give away his Ferrari F430 Spider, worth £100,000, to entice offers on Tall Pines, a six-bedroom property in Henbury Road, Westbury-on-Trym, in Bristol. The 28-year-old bought the Ferrari specifically to give it away with the mock-Georgian home after struggling to find a buyer in the months after it was put on the market in September last year - even when the asking price was cut by £300,000. He says three buyers were interested in the three-storey house but were unable to get mortgages because lenders were asking for larger deposits as a result of the economic downturn. "Instead of asking people for a £100,000 or £150,000 deposit, the mortgage lenders were asking for £300,000 or £400,000."
Posted by mark wadsworth @ 02:58 PM (671 views) Add Comment
4 Comments
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1. Europeanbear said...
turning it into office space. Has he no heard that commercial property is dropping even faster than residential property. He will loose eben more money ..Tee Hee
2. str 2007 said...
Three interested buyers that could only raise a £150k deposit but were prepared to take on an £850k mortgage.
Saved from themslves I'd say.
Don't they know they could have just gone out and got the Ferrari with their deposit and lost alot less.
3. theboltonfury said...
Yet he still refers to it as his £1million house. Cleary, it's not.
4. tenant super said...
The best reader's comment on the first article the local rag ran about this guy's efforts:
"I have for sale a £20 note, however I am willing to throw an extra £5 FREE to anyone offering me £30 for it..
Any takers from B&P Jones Consultants?"