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TheCountOfNowhere

Fairly Large Drop In Asking Price....

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http://www.rightmove.co.uk/property-for-sale/new-homes/property-23397859.html

Price changed: from 'Guide Price £9,000,000' to 'Guide Price £7,000,000'

31 October 2009

* Price changed: from 'POA' to 'Guide Price £12,000,000' [Found by n/a]

* Title changed: Streatley Hill, Pangbourne, Streatley, Reading, Berkshire [Found by n/a]

18 September 2009

* Initial entry found. [Found by n/a]

I'm glad I didnt buy it in 2009 :lol::lol::lol:

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NB These are computer generated images. The property is due to be completed in early 2010

:rolleyes:

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It's quite large, but looks like a mental home.

That's probably intentional since you'd have to be nuts to pay £12,000,000 £9,000,000 £7,000,000 for a property that probably only exists inside a computer.

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Well, okay, I was being facetious.

Looking at the satellite picture, seems like there's an awful lot to be done on this property.

I wonder when the satellite imagery was created.

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Just up the road from me in Streatley which is populated by a lot of folk with serious money and where £2 million plus for a "nice" house is not regarded as excessive.

There was amazement when they got planning for a monstrosity on this scale and there were weekly rumours that so and so celebrity was buying it.I seem to recall that the developers were originally hoping to get more than the £12m quoted but the problem is that anybody with that sort of firepower isn't going to spend £12m on what looks like a mental institution.

Last rumour was that the developers where going to apply to turn it into a hotel!

Ultimately it will sell at a price per square foot which somebody thinks is good value,particularly with23 acres-it is actually in a great spot,pity about the design.

Pricing in Thameside villages like Pangbourne & Streatley seems to be its own little universe and there are still stupid prices being paid.

I pulled out of a purchase in 2005 because I was convinced that the market was going to crach big time,only to see it motor northwards-the next 2 years should be interesting! .

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He was hoping for £14 million at one stage. Re-found the article it was featured in easily enough because I remember people calling it a banana house.

http://www.dailymail...keen-again.html

http://property.time...icle7006539.ece

He bought the land in 2003 for just over 1 million but began building the massive boom time mansion only in 2008.

"My family would all like to move in, but it's on the edge of what I can afford. I would probably have to go back to work."

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Fulham and Chelsea

The back of it at the bottom with the glass looks like our local Tesco Express. I regret to say that a premiership footballer with a fantesy of running a local convenience store is probably not that rare. I bet Torres would love it.

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The trouble with these top end ones is costs can get carried away quite easily. A six figure sum spent in the kitchen alone, or a marble staircase, bathroom, high tech entertainment room etc. Its like that Updown court in Windlesham. I think they wanted £75mn for it, after buying it as a shell for £20m in 2001 (it sold last year for £20) so millions lost.

This ones been for sale for ages too

http://www.rightmove.co.uk/property-for-sale/property-17756118.html

£12million asking...most expensive previous sale price on that road is £4million back in 2008, most £2-3million

http://www.zoopla.co.uk/house-prices/esher/blackhills/?q=Blackhills%2C%20Esher%20KT10&search_source=nav

If ive got my house numbers right, the builder would have paid £4million+ for the plot alone, had to demolish one mansion and replace with another.

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The trouble with these top end ones is costs can get carried away quite easily. A six figure sum spent in the kitchen alone, or a marble staircase, bathroom, high tech entertainment room etc. Its like that Updown court in Windlesham. I think they wanted £75mn for it, after buying it as a shell for £20m in 2001 (it sold last year for £20) so millions lost.

This ones been for sale for ages too

http://www.rightmove.co.uk/property-for-sale/property-17756118.html

£12million asking...most expensive previous sale price on that road is £4million back in 2008, most £2-3million

http://www.zoopla.co.uk/house-prices/esher/blackhills/?q=Blackhills%2C%20Esher%20KT10&search_source=nav

If ive got my house numbers right, the builder would have paid £4million+ for the plot alone, had to demolish one mansion and replace with another.

Exactly. Spotted this one in Manchester (South) yesterday: http://www.rightmove.co.uk/property-for-sale/new-homes/property-37202762.html

Now you can buy a staggeringly good house in that area for £2-3 million, so it makes you wonder what on earth people were thinking when they built the thing.

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Exactly. Spotted this one in Manchester (South) yesterday: http://www.rightmove.co.uk/property-for-sale/new-homes/property-37202762.html

Now you can buy a staggeringly good house in that area for £2-3 million, so it makes you wonder what on earth people were thinking when they built the thing.

One too many episodes of Homes under the hammer?

It makes me wonder more what the banks were thinking.

Oh, thats right, Brown and Osbourne courtesy of the taxpayer have got our backs.

I can only see these things going on the top end rental market. Only footballers like to buy such gaudy things, and mostly they like to have a bespoke design tailored to them, like theirry Henri and his 'troy mcClure' fish tank.

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