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It's being sold by the administrators of Mountgrange (Hove) Ltd (In Administration).

I googled the planning ref number from Rightmove.

PDF http://images.vebra.com/Parsons/COMM/DETAILS/002D0004474.pdf

Looks like a whole group associated limited companies collapsed in on itself.

http://opencorporates.com/data/266058

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Farmland to follow downwards too would also be nice. Although somehow I doubt it.

Don't see why not. Massive industrial farms in South America, Africa and Eastern Europe will make a lot of our dozen-field farms look like wildly uneconomic hobby businesses. Which, from speaking to somebody who used to be a bank relationship manager for famers, many of them are. They sell a piece of land to the odd profitable farmer ever few years in order to continue their hobby which they somehow regard as a job.

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Urgh. If this is the same Mountgrange then they came out of administration very bullish with piles of money. Ready to accept more investors money for their finding the next big investment returns. One of the administrators sounding not too keen on selling some of the assets and preferring to wait until market improves.

Their lender, Bank of Scotland Corporate, refused to lend a string of Mountgrange companies – including those developing the £300m Caltongate scheme in Edinburgh and the 160 acre Phoenix Park in Linwood, Paisley – any more money and, as the values of schemes continued to fall, they were forced into administration.

http://www.propertyweek.com/the-mountgrange-metamorphosis/3141084.article

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50% off

oh well its a start

Guestimating the building costs, supposing the 5 2bed have some 60sqm each, and the 2 1bed have 50sqm each = 400sqm. At around £1k/sqm = £400k. Plus the land = £750k. Not too bad.

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Guestimating the building costs, supposing the 5 2bed have some 60sqm each, and the 2 1bed have 50sqm each = 400sqm. At around £1k/sqm = £400k. Plus the land = £750k. Not too bad.

You can see flats just in the background of the £350K plot with planning permission edging by Hove Park.

A 2 bedroom flat from those flats in the background is Sold STC on Rightmove at £319,995. If that helps in pricing up the whether the land with planning permission for 7 flats could represent value at £350K whilst pricing in other risks.

http://www.rightmove.co.uk/property-for-sale/property-28980757.html

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Don't see why not. Massive industrial farms in South America, Africa and Eastern Europe will make a lot of our dozen-field farms look like wildly uneconomic hobby businesses.

Only in a world of Western currency supremacy and cheap energy. UK farmland, in the context of out temperate climate, is an incredible resource. It's only when the absurd dogma of modern economic theory is implemented does it look unviable, in a monetary sense.

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You can see flats just in the background of the £350K plot with planning permission edging by Hove Park.

A 2 bedroom flat from those flats in the background is Sold STC on Rightmove at £319,995. If that helps in pricing up the whether the land with planning permission for 7 flats could represent value at £350K whilst pricing in other risks.

http://www.rightmove.co.uk/property-for-sale/property-28980757.html

It never fails to astonish me what people pay... assuming it sold for within 10% of asking.

I am so out of touch, and it is very depressing.

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It never fails to astonish me what people pay... assuming it sold for within 10% of asking.

I am so out of touch, and it is very depressing.

Brighton is crazy. And most of the south and south-west are not too far behind.

Only really bad areas around here are a bit less absurdly priced. But you wouldn't want to live there.

If you are in the north, you are very very lucky.

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Brighton is crazy. And most of the south and south-west are not too far behind.

Only really bad areas around here are a bit less absurdly priced. But you wouldn't want to live there.

If you are in the north, you are very very lucky.

Agreed. Brighton can be as expensive as it likes - its a hovel! I just wish the rest of sussex was more realistic price range.

Can anyone remember when the last "north/south" divide re property prices was touted regularly on TV & in the press? Just wondering if we might see a return to this?

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  • 309 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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