Steppenpig

Been watching a few auctions myself and the guide prices often seem to be set ridiculously. That lot 5 was a 7 bedder, so even fire damaged, hard to believe the guide was ever a fair valuation. I see lot 18 has been reappearing every few months. Sold at 64k today, previously at 50 and 55k. I watched the auction house north west auction today. Saw a couple of houses which failed to sell at 25k a few months ago sold for 37k. I think it's a bit of a lottery.

Its not "many" and they all just use unquestioingly the cer model.

Nothing on rightmove or zoopla, but presumably this one. https://auctionhouselondon.co.uk/lot/?lotID=33062 Streetview Looks hideous but spin round and all the houses on the other side of the street have similar lofts. Edit. Streetview is a pain to copy paste. That's actually the wrong side of the street, you need to spin round to see no 61.

Who am I supposed to believe?

For rent at 3,467 or sale ar 1,195,000 That's 3.48% return. Normal for London I guess.

On a simple affordability argument it probably makes sense (although not sure what salaries are like these days) but doesn't account for the financial risk of borrowing 20 times salary in 2019 compared to 3 times salary in 1996.

Yeah, I shouldn't have said "cheap" but still interesting that prices do seem to be coming down., and setting a price below the neighbours results in going stc in a few day, and/or something dodgy going on with the last two I mentioned and I want to keep an eye on them. At the moment, they look like they're still 50% overvalued, which must be about 10 years' salary for the sort of people who buy there. ie overspending by about a quarter of their working life's earnings. If it is a trend, they might be reasonable value in 10 or 20 years

Another unexpectedly cheap one, gone under offer in a few days. 975k. No loft extension, but sure it would have been at leat 100k more a couple of years ago. https://www.rightmove.co.uk/property-for-sale/property-78759140.html

Owns all 15 houses in Grice Close, CT18 7QN. One to keep an eye on. Strangely, despite the Wilsons apparently owning them all, and apparently evicting tenants and putting their estate up for sale, there are two available for rent. https://www.rightmove.co.uk/property-to-rent/find.html?locationIdentifier=POSTCODE^3630412&includeLetAgreed=false - caveat, it doesn't actually claim that this specific estate will be disposed off, and some are apparently in the name of wife and daughter, so possibly leaving those to the inheritance

You mean hpi ?

I hate to be a pessimist, but I dont understand how he cant have made money. Assuming the income and expenses roughly balanced, there must be about 50 mn of capital gains realised or unrealised. (Say very roughly, 1000 houses, currently worth 200k, doubled in value since 2000. but say acquired uniformly over period, so only half that achieved in gains, comes to 50mn. Of course, he does seem particularly stupid, so he might hae screwed up the admin and finacing to such an extent that it would have an impact)

It would have been worse up to 2007 and crashed harder afterwards. But I'd still say the euro is fundamentally flawed, while our leaders are merely stupid. We might get lucky next BoE governer, but the eurozone will be permanently handicapped.

Nice post. But there are still reasons to support brexit even if there being no immediate policy or economic benefits. Any remaining hope is very faint. The fact that absolutely nothing has been done to address the internal problems in the 2 years since the referendum does not augur well.

Needs all his concentration remembering who he's supposed to be.

It does seem to be noted in the details that it was previously laid out as 2 beds. Maybe the kitchen was used as a bedroom. According to zoopla was also up for sale in 2011 for 985k. https://www.zoopla.co.uk/property-history/flat-4/30-hyde-park-gardens/london/w2-2nd/15430613