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  1. Following on from the 50k house post. In a place far, far away from London. Nothing really sells. Big houses, little houses, whatever houses. Doing my weeklyish RM search on places listed in the last 7 days, 3 miles radius Scarborough. This one pops up again: http://www.rightmove.co.uk/property-for-sale/property-39887540.html They've dropped the price from 400k to 350k. Its two houses plus a works yard, so its only 250k over priced rather than 300k overpriced. Its has the most stupid, 'See you in court'/'Why would an EA put this in writing' description: Detailed Description changed: Full description Tenure: Freehold ***INVESTMENT OPPORTUNITY***POTENTIAL FOR SIX LETTING UNITS***APPROX £3,000 PER MONTH*** Currently comprising of a pair of two bedroom semi detached houses in good order, a warehouse/workshop at the rear with potential for two generous flats and then three garages and a courtyard within which the vendor has had verbal agreement from the council that it would be possible to build two further houses on. I'm guessing he's been chatting to the local street cleaner then? If - and a big if - they built the extra houses - and that yard does not look that big. They could get about 400/month per house. The 2 existing houses would need gutting at a cost of ~30K each. For comparison sake, here's whats on the same page: Nice 6 bed detached in Cloughton (v nice area) Double garage, lots of space 384K http://www.rightmove.co.uk/property-for-sale/property-47104597.html 3 bed farm house, Flixton Mhh area. http://www.rightmove.co.uk/property-for-sale/property-31951173.html Over priced. My god - the decor! Has a look of probate/gone in home. There's a couple of pictures of what I thought was a sink. Looking again, I see its a sunken bath. My god. 4 bed semi, right down the front, near the Rotunda/Valley Bridge - 360k http://www.rightmove.co.uk/property-for-sale/property-43332245.html This looks like a refurb. I like the house + location.I prefer the beigger hosue next door though. Been up for sale for 1 year. Starting price 450k. If I was to offer on this, why not go for 250K? They've already had to knock 100k off the price which, to me, would indicate a seller/EA who just are unable to come up with a realistic price - 1 year + 100k off indicates buffoons.
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