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TheCountOfNowhere

The Million Pound Crappy New Build Thread

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Value is subjective, but from where I am sitting I saw this:

http://www.rightmove.co.uk/new-homes-for-sale/property-44288132.html

"New Home"

"6 bedroom detached house for sale£995,000

Miley Close, Harpenden"

Any thought...WTF, £1M for that you must be mad.

Does anyone else look at that and think...If I had £1M, i'd snap that up tomorrow.

Either money has no value or English people are insane ?

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Fecking hideous if I had that to spend on a house I'd want some character to state I've blown £1m on a house.

For me, it's a symbol of the madness that is the UK housing pyramid.

If anyone with any common sense stands back and looks at it they must think.....housing market about to collapse again.

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Harpenden prices are a joke. Schools are so highly rated it seems to be where everyone with any money leaves London for when they want kids (and want to be north of money).

£500k gets you nothing, and you see what a million gets you (which is truly horrid, even if it looks quite spacious).

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Harpenden prices are a joke. Schools are so highly rated it seems to be where everyone with any money leaves London for when they want kids (and want to be north of money).

£500k gets you nothing, and you see what a million gets you (which is truly horrid, even if it looks quite spacious).

This is the funny thing....I wouldn't want so send my kids to the same school with the children of anyone's who stupid enough to pay that for a house :lol::lol::lol:

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nine hundred and ninety five thousand English pounds

and, don't forget, the stamp duty associated would be another £39,800

if that, my friends, is value, then I have here some rather special beans that you might like to buy

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nine hundred and ninety five thousand English pounds

and, don't forget, the stamp duty associated would be another £39,800

if that, my friends, is value, then I have here some rather special beans that you might like to buy

£1m That used to be worth a lot more before they did a Zimbabwe and saved the bankers.

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£1m That used to be worth a lot more before they did a Zimbabwe and saved the bankers.

Mind you, for most people buying a £1m family home, they would also be expecting to have to part with a couple of £k for a ride on lawnmower

If you bought that place, you would only need a pair of nail scissors - that sort of saving soon adds up!

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Formulaic.......almost a terraced house to cram in the plots, no front garden and a square turfed area at the back surrounded by larch lap fencing.

A brick and block box that is then sectioned with plaster board to create bling staging. When you see the modern build techniques not only is the price unreal but so is the house.

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Here's the other Taylor Wimpey new build up for sale in the same development:

HarpendenDec2013a.jpg

http://www.zoopla.co.uk/for-sale/details/31349112

The property below is currently on the market with an asking price of 900K. Previously sold for 596K in July 2006 when prices looked crazy to us at the time.

Harpenden2.jpg

http://www.rightmove.co.uk/property-for-sale/property-41699989.html?showcase=true

This is what 750K would have bought in 2004 (this is within half a mile of the Taylor Wimpey ones):

Harpenden4.jpg

Harpenden3.jpg

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=6647443&sale=7907513&country=england

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Value is subjective, but from where I am sitting I saw this:

http://www.rightmove.co.uk/new-homes-for-sale/property-44288132.html

"New Home"

"6 bedroom detached house for sale£995,000

Miley Close, Harpenden"

Any thought...WTF, £1M for that you must be mad.

Does anyone else look at that and think...If I had £1M, i'd snap that up tomorrow.

Either money has no value or English people are insane ?

"Miley Close" :blink:

Would that be next to Cyrus Avenue? :o

Classy.

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I thought I'd clicked on the wrong link! Wow!

How quickly money has become something so abstract. I advocate that one month of the year become cash only month. I'm convinced that it'd remind people of the value (lack thereof) of money.

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I thought I'd clicked on the wrong link! Wow!

How quickly money has become something so abstract. I advocate that one month of the year become cash only month. I'm convinced that it'd remind people of the value (lack thereof) of money.

I'm not that pessimistic about money. It seems to me that it can buy a hell of a lot in terms of food, consumer goods, cars etc. The abstract bit comes in when you turn it into a solid asset...gold, houses, equities, then it buys you f**k all. The average household spends £60 a week on food, so a million quid buys you food for the family for over 300 years at present prices or a brick and block box in Harpenden.

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Here's the other Taylor Wimpey new build up for sale in the same development:

HarpendenDec2013a.jpg

http://www.zoopla.co.uk/for-sale/details/31349112

The property below is currently on the market with an asking price of 900K. Previously sold for 596K in July 2006 when prices looked crazy to us at the time.

Harpenden2.jpg

http://www.rightmove.co.uk/property-for-sale/property-41699989.html?showcase=true

This is what 750K would have bought in 2004 (this is within half a mile of the Taylor Wimpey ones):

Harpenden4.jpg

Harpenden3.jpg

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=6647443&sale=7907513&country=england

Great post. You can absolutely see from that that we have a crazy bubble in asking prices. It must surely be about to collapse.

Caveat emptor.

Someone might want to send the BoE these particular listing....i'm STILL waiting for them to tell me what their definition of a house price bubble is...I'd say to them....this is it.

Edited by TheCountOfNowhere

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What would those house be worth is permission was granted for 50 Executive houses on farmland nearby?

in our current system, the question is usually only asked the other way round.... How much could a farmer get for his land if it had planning for 50 x £1m houses...

Probably offers over £15m for a field that might otherwise yield 7 tonnes of wheat in a good year

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http://www.indexmundi.com/commodities/?commodity=wheat

Around 300 dollars per metric tonne, whats that about £200.

That would yield about £1500, so selling the field for £15M would be the equivalend of 10,000 years return on wheat.

I suspect house prices in the UK are out of touch with any measure of reality, except that of the STB index. ( SaveThe Bankers ).

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