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refugee

Is It 2007 Again?

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I keep my eye on the market closely and have just had this pop up on a email from RightMove.

Glass Houese

This place consists of two tiny cottages in need of total renovation. The price would leave the new owner well into negative equity by the time the work was done. I can't see much choice between restoring as two cottages or converting to one house. They are joined up to something else which looks a bit dinglely anyway.

The other interesting thing is the mechanism for selling, sealed tenders. So, here we are back in 2007. Prices off the limits of good sense and a divisive method of selling. This is one my least favourite agents so I do speak from a position of prejudice. My list of least favourite agents is long and flexible.

I'll keep my eye on this. I'm am 100% certain it will sell just because there are so many stupid people round here but it will take a long time before it appears on nethouseprices.

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