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£1M Off This House

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http://www.thisisjer...original-price/

A LANDMARK property seized by the Royal Court from a developer who went bankrupt owing £6.7 million has gone back on the market – for almost £1 million less than the original asking price.

00637200_Cropped.jpg

Obviously the blind and hard of hearing are well represented amongst Jersey town planners.

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But, but it is a Grand Design, keeping the old, incorporating the new, in one wonderful blend of aromatic crappuccino. Piece de resistance.

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Looks like it was designed by three or four different people who never bothered talking to eachother.

Im sure the grand designs guy had nothing but good things to say as usual though. So what if it looks like a portakabin, greenhouse and derelict slum all in one, its, like, pushing the envelope.

Edited by Sadman

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If the man who built that can be called a developer, then I'm an astronaut.

Maybe he's a pioneering 'austerity' developer who just used the bits leftover from previous developments to complete this one.

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http://www.thisisjersey.com/2011/04/27/house-for-sale-at-1m-less-than-original-price/

A LANDMARK property seized by the Royal Court from a developer who went bankrupt owing £6.7 million has gone back on the market – for almost £1 million less than the original asking price.

00637200_Cropped.jpg

Was the original asking price £1,100,000? Because then it might not be a bad deal...

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Was the original asking price £1,100,000? Because then it might not be a bad deal...

Moneyspinner's link has it reduced to £2,150,000. So probably was on for £3,150,000?

A pic of the bankrupt couple on link below. Left a trail of huge debt for others to deal up, and left an eyesore supermansion few want or can afford at boom prices.

The application to declare Mr Venton bankrupt was brought by Advocate Mark Taylor on behalf of Jersey Home Loans, who are owed £2.75m.

http://www.thisisjer...ed-en-desastre/

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http://www.thisisjersey.com/2011/03/22/developer-given-two-weeks-to-prove-he-is-not-bankrupt/

^Venton was nearly saved by the secret handshake with the housing minister, but it did not work out of course the revelations came to light and he resigned.

Venton has a website Venco ltd

0554452_2_Cropped.jpg

Jersey home loans is owned by Krbs, so they're down a few quid. Let the race for repossessions begin!

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What could go wrong?

Frank Venton appeared in the Royal Court yesterday facing an application on behalf of creditors to confirm him and his business as en désastre.

But Mr Venton persuaded the court that a planned property development in Alderney could help him settle his debts and was granted two weeks to prove that he could sort out his affairs.

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If he'd just bulldozed the place, to spite the petitioning creditor, I don't really think society would be any worse off minus this monstrosity.

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But Mr Venton persuaded the court that a planned property development in Alderney could help him settle his debts and was granted two weeks to prove that he could sort out his affairs.

What could go wrong?

Yes. Another house to add to the billions for sale there. What a joke. http://www.alderneyestateagency.com (click residential for the full list to be generated) I can't be bothered to count them all.

And Alderneys' population is only 2,400!

alderney-map.jpg

Edited by Money Spinner

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Looks like it was designed by three or four different people who never bothered talking to eachother.

I

LOL

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  • 312 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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