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mhifoe

Hilariously Overpriced Flats

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Recent discussions about the excessive price of new-build flats got me thinking.

What sort of house can you buy in your area for a similar price?

Here's an example near me:

http://www.rightmove.co.uk/viewdetails-674...pa_n=2&tr_t=buy

It might claim to be a penthouse, but it looks like a hospital, is behind Woolworths and is is £310k. And it's is Swindon.

For less money you could pick up this:

http://www.rightmove.co.uk/viewdetails-771...pa_n=3&tr_t=buy

or this:

http://www.rightmove.co.uk/viewdetails-679...pa_n=6&tr_t=buy

Can anyone do any better?

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Just like that contrast between a flat for 1300k and a manor house for 1250k, this contrast is shocking. thanks for sharing! :)

Two thoughts:

First, examples like this just highlight that "asking" prices can mean that in the same sense as the phrase "no harm in asking". Kinda like Dr Evil's gazillion bazillion dollars ransom demand.

Second, perhaps this is already crash in full swing and there is already fair/good value to be found in property on occasion (unlike a year ago)? Of course there's a lot of lunacy still about too, but nonetheless...

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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