Kylie Minogue Is Struggling To Sell Her London Flat

[DisQ]

Anyone want to help her out she's in a bit of a pickle, can't sell.

top end of the market, done up & reduced.

What else do yo want.

oh dear, whats happening.

Kylie Minogue is learning the hard way after having to slash the asking price of her multi-million-pound London flat

You know the housing market is in difficulty when even a pad with the cachet of having belonged to a pop princess is struggling to sell.

Its a lesson that Kylie Minogue is learning the hard way after having to slash the asking price of her multi-million-pound London flat.

The maisonette, situated on the top two floors of a mansion block, was placed on the market for £4.5million earlier this summer.

However, with no takers by the beginning of this month, the price was reduced by £500,000 on Wednesday afternoon.

It is now on sale for £3,950,000 a reduction of more than 12 per cent.

The flat was refurbished to Miss Minogues exact specifications by renowned interior designers and developers Candy & Candy five years ago.

The refit alone was said to have cost £2million.

As the sparse furnishings show, Miss Minogue has already moved out. According to neighbours, the star wants to live in a house rather than a flat.

The service charge for the apartment block which added up to £9,000 a year may also have been an irritant.

Miss Minogue, 42, is believed to have bought the Kensington flat in the early 1990s.

She used to share it with her brother Brendan, who moved back to Australia in 2002.

Read more: http://www.dailymail.co.uk/tvshowbiz/article-1308547/Kylie-Minogue-sells-home-knockdown-price.html#ixzz0yRKSXr6V

Edited September 3, 2010 by DisQ

[Frank Hovis]

I like that there is now a general assumption in the MSM that the property market is in trouble.

It is now underlying most property stories and the more astute journalists are beginning to write that big falls would actually be a good idea.

It is a hugely refreshing change from the "Buy a Holiday Home / Investment in Bulgaria" pieces; for which I hope the property journos do get sued for providing misleading investemnt advice.

[DisQ]

There was a time when these type will be snapped up by some Russian or Arab billionaire, not anymore. They can see something as well. which is good.

[200p]

The service charge for the apartment block – which added up to £9,000 a year

She no longer wants a leach on her!

[Johnny Storm]

Now thats what I call a flat!!

According to neighbours, the star wants to live in a house rather than a flat.

I read that, and thought "Dont we all?"

['Bart']

Is she looking for a lodger to help with the costs?

I'd move down to that London if she asked me.

Miss Minogue, 42, is believed to have bought the Kensington flat in the early 1990s.

During the last slump. Probably got it at a good price.

[Georgia O'Keeffe]

Is she looking for a lodger to help with the costs?

I'd move down to that London if she asked me.

During the last slump negatively challenged bull market. Probably got it at a good price.

I shouldnt be the one to have to tell a mod to keep it PC, disgusting lack of correctness from a figure of authority

['Bart']

I shouldnt be the one to have to tell a mod to keep it PC, disgusting lack of correctness from a figure of authority

It's all in your mind old chap.

Me and Kylie, we'd be like best mates.

And if she ever wanted any chores doing, laundry etc., she'd only have to ask.

Her smalls would be safe with me.

[Pent Up]

This article is quite obviously false. House prices in London will never fall cos of the rich people innit!

[interestrateripoff]

Perhaps knocking 25% off the asking price might help? It's not like she needs the money is it?

[crashpope]

I presume it's this: http://www.rightmove.co.uk/property-for-sale/property-16346547.html

[Lucifer]

I presume it's this: http://www.rightmove.co.uk/property-for-sale/property-16346547.html

Funny she spent so much to get these Candy and Candy chaps to do the interiors, it all looks very ordinary to me, nothing I couldn't

with a couple of trips to Ikea and a few tins of dulux..

[Georgia O'Keeffe]

Funny she spent so much to get these Candy and Candy chaps to do the interiors, it all looks very ordinary to me, nothing I couldn't

with a couple of trips to Ikea and a few tins of dulux..

Rigsby, is that you?

[Bloo Loo]

she should be so unlucky, unluckyuckyucky

[200p]

"Never ever sell property"

Why doesn't she rent it out

[Lucifer]

Rigsby, is that you?

Damn it, I've given myself away!

[Tiger Woods?]

Funny she spent so much to get these Candy and Candy chaps to do the interiors, it all looks very ordinary to me, nothing I couldn't

with a couple of trips to Ikea and a few tins of dulux..

How do you think Candy and Candy got so rich?

[TwoWolves]

I sold my London flat last summer, it was only about a mile from there too so I know the area well.

High end flats are very sensitive to investment sentiment so I discounted hard to get shot of it before the prevailing attitude became "they are on the way down". She has quite a problem now as a lot of the wealthy in the area are in trouble, I knew something was up when I learned that the management company had 15% delinquency on the service charges.

Added to that you have a mountain of cheap council/association flats that have gone up recently around Earls Court and Parson's Green which have been crammed with North African and Arab migrants who are "transforming" the character of the area.

She needs to reduce that price another 15-20%.

[leicestersq]

If she needs an offer, I would give her one. Then again I should be so lucky.

Got to be Certain of the price when selling Kylie. Dont ask me about the right price, Je Ne Sais Pas Pourquoi.

I think though, if you have your Hand on Your Heart, the price is a bit too high. A bit of a spring clean would go amiss either, no mileage in saying that you Wouldnt Change a thing. It is Never Too Late to put that right, you will have Tears on Your pillow if you dont.

And it isnt wise to sell to a stranger, Better the Devil You Know. I know that if you could Step Back in Time, you would have put it on the market earlier.

What do I have to do? I hear you say. Make it look nice and drop the price, I was Shocked to see the asking price. The Word is out you might take a much lower offer, I can tell you that if you were me now, you wouldnt want to pay that price.

And that bloke who said give me just a little more time to find the money will never come through. What kind of fool believes that line. When you get to sell it, I am sure that there will be a Celebration, but please confide in me the price it actually went for. How about an advert - "Put Yourself in My Place" - making use of your fame.

Cant be bothered to do anymore.

[bajista]

How do you think Candy and Candy got so rich?

+1

And 9k per year service charges to someone too. Location, location maybe for the flat price but a block of flats to be serviced is a block of flats

to be serviced whether in Kensington or Kennington. I'd love to see those management company accounts.

That type of rip-off merchant must be rubbling their hands in glee as they see these celebrities coming a mile off.

[Austin Allegro]

Added to that you have a mountain of cheap council/association flats that have gone up recently around Earls Court and Parson's Green which have been crammed with North African and Arab migrants who are "transforming" the character of the area.

Well, everybody needs good neighbours...

[pyracantha]

she should be so unlucky, unluckyuckyucky

Not the first time either:

http://www.news.com.au/entertainment/celebrity/kylie-takes-a-hit-on-sale-of-island-getaway/story-e6frfmqi-1111118310308

[darwin]

I presume it's this: http://www.rightmove.co.uk/property-for-sale/property-16346547.html

Nice gaff. The bathroom's gross, though.

Not quite sure where the "£2million" refit comes in. I'm just not seeing it.

[DisQ]

Nice gaff. The bathroom's gross, though.

Not quite sure where the "£2million" refit comes in. I'm just not seeing it.

exactly

its all in the name

few grand work & material turn into million

[interestrateripoff]

I sold my London flat last summer, it was only about a mile from there too so I know the area well.

High end flats are very sensitive to investment sentiment so I discounted hard to get shot of it before the prevailing attitude became "they are on the way down". She has quite a problem now as a lot of the wealthy in the area are in trouble, I knew something was up when I learned that the management company had 15% delinquency on the service charges.

Added to that you have a mountain of cheap council/association flats that have gone up recently around Earls Court and Parson's Green which have been crammed with North African and Arab migrants who are "transforming" the character of the area.

She needs to reduce that price another 15-20%.

What's been the usually delinquency rate on service charges?