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TheCountOfNowhere

I Like To Start The Day With....wait For It....a Drop Of 1 Million Pounds

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http://www.rightmove.co.uk/property-for-sale/property-40766200.html

I know it's not quite a million but where's the fun in a heading saying £950K.

01/08/2014
Price changed: from '£2,900,000' to '£1,950,000'
13/07/2014
Price changed: £2,900,000
03/07/2014
Price changed: Guide Price £2,900,000
04/03/2014
Price changed: £2,900,000
11/01/2014
Price changed: Guide Price £2,900,000
19/09/2013
Initial entry found.

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Awooga!

I have know knowledge of Northamptonshire. What do you reckon it's worth? I.e how ridiculous was 3 million squid and ridiculous is 2 million still?

The Hall and grounds have been used by the current owners as a successful wedding venue, subject to a maximum usage of 28 days per annum.

I'm guessing they are trying to flog it as "part" business. Buy the house and hold weddings there and watch the easy money roll in...

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Prices are only coming down as fast as they went up over the last 2 years. The valuations are meaningless except to the canny investors who collectively snapped just over 1 million properties in the last 18 months. Only a small percentage of those will be highly leveraged, so let the fall commence.

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The kitchen units are lilac!! I do wonder what possesses some people...

That aside, huge old house, massive heating and maintenance bills - how many people with deep enough pockets would want to take it on?

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The kitchen units are lilac!! I do wonder what possesses some people...

That aside, huge old house, massive heating and maintenance bills - how many people with deep enough pockets would want to take it on?

Trudie is an "Interior design specialist".

http://www.northamptonchron.co.uk/what-s-on/picture-perfect-at-northamptonshire-s-pipewell-hall-1-3385661

RM says bought by the owners 2004 so why no sold price?

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The kitchen units are lilac!! I do wonder what possesses some people...

That aside, huge old house, massive heating and maintenance bills - how many people with deep enough pockets would want to take it on?

It's'Grade II' listed as well. The running costs would be astronomical (~£3k a month).

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a 1 million drop would suggest they are desperate; probably going bust on the loans they've taken out.

Or they want to start a bidding war,

A place near us came on a what looked like bargain price ( relatively speak ).....no viewings till the "open day"....people were queuing up to get in.

No sale.

Asking price increased 25%.

No sale.

Asking price just drop 10% yesterday.

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Trudie is an "Interior design specialist".

http://www.northamptonchron.co.uk/what-s-on/picture-perfect-at-northamptonshire-s-pipewell-hall-1-3385661

RM says bought by the owners 2004 so why no sold price?

Bought via a limited company probably and avoided stamp duty? If so then they will pay a big chunk of tax selling it but probably will still walk away with a nice profit if their asking price is highly inflated compared to purchase price circa 2004.

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Bought via a limited company probably and avoided stamp duty? If so then they will pay a big chunk of tax selling it but probably will still walk away with a nice profit if their asking price is highly inflated compared to purchase price circa 2004.

It's the selling price that counts and they must have spent a few quid on it.

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Trudie is an "Interior design specialist".

http://www.northamptonchron.co.uk/what-s-on/picture-perfect-at-northamptonshire-s-pipewell-hall-1-3385661

RM says bought by the owners 2004 so why no sold price?

'Immediately Trudie loved the hall from the outside and together they knew that this was “the one”.'

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Original listing: 5 reception rooms, 8 bedrooms, 8 bathrooms, gate lodge, 2 dormy houses, stables, 45 acres £3,500,000

Original listing included 45 acres @ £3,500,000

I could get at least 22 bedsits in there @ 75pw each = £85,800 per year rental income at a bargain price of £1,950,000 it would only take 23 years to payback doing the usual BTL calculations ignoring expenses & mortage interest etc.

Lets do it.

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Income potential?

"Trudie aims to put to good use her creative culinary skills and stage cupcake workshops in the near future too."

F@ck me

Add that to interior design talent and no GCSEs and you have the making of business genius

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Trudie sounds to me like the sort of woman who would hang on to every word that Krusty utters.

Opened my local paper today to discover the krusty and phil are in Swansea - has to be the top surely?

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I'm guessing they are trying to flog it as "part" business. Buy the house and hold weddings there and watch the easy money roll in...

....are there still people prepared to spend many thousands of pounds on a wedding these days?.....what once was wedding money has now become rent/deposit/living money.....for better, worse, richer poorer and all that. ;)

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Income potential?

"Trudie aims to put to good use her creative culinary skills and stage cupcake workshops in the near future too."

I genuinely thought you made that up! Christ on a bike!!

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