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A Seven-Bedroom Mansion, With Sea Views And In Commuting Distance Of Central London, Is On The Market For £500,000.

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http://www.bbc.co.uk/news/uk-england-london-28776184

A seven-bedroom mansion, with sea views and in commuting distance of central London, is on the market for £500,000.

This might sound like a bargain, but there are a few drawbacks.

You can only get to No 1 The Thames when the tide is low or if you have a boat as it is situated in the Thames Estuary.

BBC London's Gareth Furby took a tour with estate agent Nigel Day and spoke to its current owner Simon Cooper, from Eltham, south-east London.

I'm calling the top.

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You can buy a house in Wolverhampton and a helicopter and commute to london and it would still be cheaper than a 3 bed terrace and probably faster too.

That's a measure of how insane the london mega bubble mania was, thankfully it looks to be collapsing and those houses in Wolverhampton will remain cheap. The helicopter sales men will be gutted though

e.g.

London tube commuter area for the city, i'd estimate 1 hour into the city door to door

http://www.rightmove.co.uk/property-for-sale/property-31563102.html?premiumA=true

( JESUS WEPT ).

5 bedroom house for sale Balham Park Road, London, SW12

£2,400,000

Wolverhampton:

http://www.rightmove.co.uk/property-for-sale/property-43391908.html

5 bedroom detached house for sale Battlefield Hill, Stourbridge Road, Wombourne Wolverhampton, South Staffordshire, WV5

Offers in Region of£975,000

http://www.flyq.co.uk/buy/used/view.php?id=344

"Agusta Bell 206 BIII

REDUCED!
Cost: £295,000 + VAT"

"

That leaves a million quid for maintenance running costs.

No sitting on the tube and how cool will you look landing on the roof at work :lol:

That's how out of touch the london housing market is with reality.

Edited by TheCountOfNowhere

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http://www.bbc.co.uk/news/uk-england-london-28776184

A seven-bedroom mansion, with sea views and in commuting distance of central London, is on the market for £500,000.

This might sound like a bargain, but there are a few drawbacks.

You can only get to No 1 The Thames when the tide is low or if you have a boat as it is situated in the Thames Estuary.

BBC London's Gareth Furby took a tour with estate agent Nigel Day and spoke to its current owner Simon Cooper, from Eltham, south-east London.

I'm calling the top.

Hehe. If you had to live in London, that would be the ideal place!

I wonder if he's speculating on Boris Airport? Buying the place for £1 or thereabouts, and now marketing it for a price intended to set a marker for compensation if the airport or any such project happens?

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Hehe. If you had to live in London, that would be the ideal place!

I wonder if he's speculating on Boris Airport? Buying the place for £1 or thereabouts, and now marketing it for a price intended to set a marker for compensation if the airport or any such project happens?

Agree..good thinking

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I doubt very much you even own the 'land' it sits on ? That will still be Crown property ?

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I doubt very much you even own the 'land' it sits on ? That will still be Crown property ?

The Republic of Doggerland's jurisdiction.

Edited by Eddie_George

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( JESUS WEPT ).

5 bedroom house for sale Balham Park Road, London, SW12

£2,400,000

I used to live round the corner from this puppy. It took me 40-45 mins door to door to get to my job near Liverpool street. And that involved sticking my head in somebody's armpit to get on the oh-so glamorous northern line.

SW12 is a joke. Also unsold inventory in SW12 is now 40% higher than the average we have seen post crisis.......with affordability 20% worse now than it was a year ago! *POP*

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You can buy a house in Wolverhampton and a helicopter and commute to london and it would still be cheaper than a 3 bed terrace and probably faster too.

That's a measure of how insane the london mega bubble mania was, thankfully it looks to be collapsing and those houses in Wolverhampton will remain cheap. The helicopter sales men will be gutted though

e.g.

London tube commuter area for the city, i'd estimate 1 hour into the city door to door

http://www.rightmove.co.uk/property-for-sale/property-31563102.html?premiumA=true

( JESUS WEPT ).

5 bedroom house for sale Balham Park Road, London, SW12

£2,400,00

Wolverhampton:

http://www.rightmove.co.uk/property-for-sale/property-43391908.html

5 bedroom detached house for sale Battlefield Hill, Stourbridge Road, Wombourne Wolverhampton, South Staffordshire, WV5

Offers in Region of£975,00

http://www.flyq.co.uk/buy/used/view.php?id=344

"Agusta Bell 206 BIII

REDUCED!

Cost: £295,000 + VAT"

That leaves a million quid for maintenance running costs.

No sitting on the tube and how cool will you look landing on the roof at work :lol:

That's how out of touch the london housing market is with reality.

Hmm, well its big, I'll give you that. Not sure i'd buy there. I think the whole west midlands will become a bigger badder Luton within a decade or two. Yes, they splurge public money on tarting up the central bit of Birmingham, making it look all new and shiny, and the university is nice, but look elsewhere in the west midlands conurbation and it really does look like a horror story unravelling. Most of it feels quite unsafe and edgy (my experience anyway) and I certainly wouldn't want to live there in the future or have a million pound liability.

Besides, most these London folk want a bit of culture and yuppyness. Which means Cambridge, Oxford, Brighton and a few Chiltern type places. I doubt many would choose elsewhere.

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http://www.bbc.co.uk/news/uk-england-london-28776184

A seven-bedroom mansion, with sea views and in commuting distance of central London, is on the market for £500,000.

This might sound like a bargain, but there are a few drawbacks.

You can only get to No 1 The Thames when the tide is low or if you have a boat as it is situated in the Thames Estuary.

BBC London's Gareth Furby took a tour with estate agent Nigel Day and spoke to its current owner Simon Cooper, from Eltham, south-east London.

I'm calling the top.

Previously listed at £700K in 2008

http://www.housepricecrash.co.uk/forum/index.php?showtopic=70162&page=2#entry1015287 post 18 and 20

62269_777_IMG_21.jpg

I'm calling the bottom :D

Edited by 200p

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Grain Fort
From Wikipedia, the free encyclopedia

Grain Fort was built in the 1860s on the Isle of Grain (not a true island) at the eastern end of the Hoo peninsula to control the entrance to theMedway, Kent, England. All surface structures were demolished in the 1960s, leaving only underground passages.

Nearby, about half a mile offshore at 51°27′06″N 0°43′52″E and accessible on foot at low tide, is the 1855 Grain Tower Battery, an extensively remodelled East Coast type Martello Tower.[1] During the Second World War it was manned and had three guns on the roof.[2] The building, with address Number 1, The Thames, Sheerness ME3, was bought from the Crown Estate in approximately 2005 by a private owner, and offered for sale again from 2010, with a guide price of £500,000[3]

220px-Grain4961.JPG
magnify-clip.png
Grain Tower Battery.

Garrison Point Fort lies the other side of the Medway.

http://en.wikipedia.org/wiki/Grain_Fort

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