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Someone Got Stung...

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5 for sale? Is a specuvestor in trouble?

Rateable value looks like £75,000 each. So that means that at the beginning of 2005 theses were valued at just £75,000 each. :blink:

Rateable value £75,000 calculated on 1st Jan 2005 - click here.

Just shows how overvalued townhouse and apartment became, due to massive speculation, during the bubble. Definately going to be 70-80% falls in this area of the market when the dust settles.

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you're right, a speculator in trouble methinks.

odd that a block of them are on at the same time, either she/he sells them or the banks do ;)

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