Sunday, Aug 23, 2009
The best is left to last...
Daily mail: Britain's most sumptuous semi at £3.5m
When Sutton House is sold, the family will move into a more modest four-bedroom home on the waterfront overlooking SS Great Britain. Nick, a fitness fanatic and triathlete, bought the house new in 2003 for £300,000 as well as two more nearby, which he lets. He is confident he will get his price for Sutton House but knows first-hand how values have tumbled in Bristol
'Two years ago, I tried to buy a disused petrol station for £750,000 but my offer was rejected,' he says. 'I bought it last month for just £150,00
Posted by mark @ 11:04 AM (932 views) Add Comment
12 Comments
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1. paul said...
Typical baby-boomer 'property developer' mentality.
He's delighted to get an 80% discount buying one property, but doesn't see any consequences for him selling his own property? Using the same arithmetic, his '£3.4m semi' would actually be worth £680k.
Funny how the career choice of 'property developer' has a rather ominous ring to it nowadays.
2. taffee said...
well done chap....you are about to face bankruptsy imo
Only a fool would buy a semi,refurbish and expect to get 3.4 million
3. hpwatcher said...
I don't like the way it has been done at all.
It's totally out of the character of the building. The 'polished turd' school of interior design - with wood floors and other sh*t like that - simply isn't always appropriate.
4. japanese uncle said...
First of all semi-detached house should be 'evenly' or 'symetrically' in coordination with the other half, which does not seem to be the case here.
5. japanese uncle said...
Sorry pls read.
First of all semi-detached house should be 'evenly' or 'symetrically' developed in coordination with the other half, which does not seem to be the case here
6. will said...
Sound like a Grant Bovey to me - paper millionaire - little substance beneath the huge borrowing. 'Left school unable to read or write' explains it all. Imagine telling the wife when it goes belly up.
7. mrflibble said...
Another rags to riches story to warm the heart... Pass me the sick bag...
8. dead spider said...
But did you see the bit about how he made his money ??
He's 47 , was nearly illiterate when he left schoool , trained as a mechanic and bought his workshop for £60k when he was 17 ???????? This would be in around 1979 .
and he bought his first house aged 18 for £36k .
Makes no sense to me as I remember that time .
9. japanese uncle said...
Anyway the tacky interior decoration such as pool room and the unbecoming supermodern kitchen indicates the limitation of an uneducated tastes.
Looks to me like 700K rather than 3.8M.
10. mken said...
It's ok I suppose to criticise this guy, but he's just small fry compared to the bankers.
11. jonb said...
Here's the Rightmove link.
http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^6574&sortByPriceDescending=true&displayPropertyType=houses&secondaryDisplayPropertyType=semidetachedhouses&oldDisplayPropertyType=houses&oldSecondaryDisplayPropertyType=semidetachedhouses
It has been on the market since November 2008, so clearly it isn't selling. You can get a similar place in Kensington for that sort of money, so Bristol is going to be a lot cheaper.
12. greenshootsandleaves said...
In the same vein, any news of Rosie Millard's pile?