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dryrot

Location Location Location (6/8/15)

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Hi

Have avoided LLL for years but tuned into tonight's after coming down from the cricket... Loved the two doctors near Cambridge. Congratulations guys, you worked hard for years to qualify in a respected and vital testing discipline.

Welcome to the dream, a tatty 1960s mid-terrace for £350k. I bet its noisy, too

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Welcome to the dream, a tatty 1960s mid-terrace for £350k. I bet its noisy, too

I missed the start but it's the first time I watched LLL for some time. That house wasn't exactly the type of home I would expect 2 young professionals to buy. I would have thought a traditional semi-detached or detached house but I suppose that's an extra £150k right there... <_<

I quite like 1960s houses. Ugly - yes but they tend to be spacious inside, as this one was. Would suilt me OK. Shame it's 22 times my annual income. :blink:

That barn conversion in St. Neots the other couple bought was lovely. :wub: I'm thinking it's better value for money per sq foot than the other house.

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Caught the last 5 minutes of it. The barn conversion lady was so entitled it was unbearable; people like her make me so glad I don't have to go house hunting with a wife.

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I didn't watch it, but I'm guessing those supreme negotiators K&P managed to secure a 'deal' for them that was around 0.025% below the asking price.

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Yesterday morning whilst having a sharp intake of caffeine before work, i saw HUTH. In particular a dentist who in 2007 was fed up of renting a dental practice cos its dead money. So she and other half paid £240k for an old house, spent (I think) £150k on refurb which took ages due to getting permissions for change of use.

Cameras went back when work was complete in 2013, couple were told it might now be worth £250-£275k.

Beautiful.

If only she had stumbled across this forum she could have saved a lot of cash and heartache

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Did they use the word 'loss' - or not bother to say that - but instead put on some nice uplifting music and explain that this is all about a 'life' change and for the 'long term' and as a business so they dont regret it for a second and it was a 'successful' development.....

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Yeah absolutely right - "that barn conversion woman was so entitled" could not have put it better. The UK seems to be full of such women up their own a** , me me me, princess syndrome etc - even the ugly ones

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Hi

Have avoided LLL for years but tuned into tonight's after coming down from the cricket... Loved the two doctors near Cambridge. Congratulations guys, you worked hard for years to qualify in a respected and vital testing discipline.

Welcome to the dream, a tatty 1960s mid-terrace for £350k. I bet its noisy, too

My mum called last night to wish my son a happy birthday, and she was telling me about this 60's terrace, and the shocking prices in the region. My mum never talks about overpriced houses or unaffordability! When this is all two well paid professionals can afford, it's beginning to open the eyes of even those who have been in self-denial these past several years.

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Unfortunately the times I have stumbled across this programme it has followed a common theme*:

Kirstie: So, what's your budget?
Young Couple: "£220k"

Kirstie: Do you like this property? Only £230k

Young Couple "No"

Kirstie: *rolls eyes*, well how about this property? Only £240k

Young Couple "No"
Kirstie: Not being funny but you're on TV and I'm busy. How about this property? £250k

Young Couple: Yeah, I guess
Kirstie: Great! Oh, they won't accept £250k. Private undisclosed bid or the like. I suggest you go higher.

Young Couple Oh, OK sure.

Kirstie: Congratulations! It's yours for £270k. Young couple hit realisation, have a look of fear in their eyes.

Phil: I just want to go home, please leave me alone.

*Just my opinion

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Welcome to the dream, a tatty 1960s mid-terrace for £350k. I bet its noisy, too

I picked up a 3-bed with 2/3rds acre in a lovely location, a few miles South of Cambridge in 2010 for less than that. I always find it amazing how much people will pay to live in Cambridge, its not like it's actually very nice.

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Yesterday morning whilst having a sharp intake of caffeine before work, i saw HUTH. In particular a dentist who in 2007 was fed up of renting a dental practice cos its dead money. So she and other half paid £240k for an old house, spent (I think) £150k on refurb which took ages due to getting permissions for change of use.

Cameras went back when work was complete in 2013, couple were told it might now be worth £250-£275k.

Beautiful.

If only she had stumbled across this forum she could have saved a lot of cash and heartache

A dentist who was sick of not being able to get into practice ownership conversations at dinner parties when hobnobbing with dentist pals. Oh the humanity.

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I didn't watch it, but I'm guessing those supreme negotiators K&P managed to secure a 'deal' for them that was around 0.025% below the asking price.

Very much so. Top Negotiator Phil called the vendors agent and went in (IIRC) with a offer of 785 on an 800k house. Cue sound effects of urgent pumping heartbeats (yes really). I could'nt take any more and blindly grasped the "Off" switch..

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Welcome to the dream, a tatty 1960s mid-terrace for £350k. I bet its noisy, too

Just as a bizarre comparison, £350K is equivilant to buying 10 (ten) really decent 4-bed detached properties in most areas of Thailand.

Weird world.

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Very much so. Top Negotiator Phil called the vendors agent and went in (IIRC) with a offer of 785 on an 800k house. Cue sound effects of urgent pumping heartbeats (yes really). I could'nt take any more and blindly grasped the "Off" switch..

Wasn't it on at 850? In the end they paid 800 'apparently'. I suspect Land Registry will tell a different story, I bet they never even bought it.

The smug attitude of the woman influencing the husband into spending another 150k just to please her. No mention of if she was willing to foot the bill. A definite case of blue balls on the husband's part, what a walkover.

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I watched that as it was local to me, three things struck me.

(1) How Kirsty exaggerated the rental income you'd get for the house the doctors ended up buying. There is no way that house would get £1300 a month. Nearer to £1000.

(2) How entitled the older couple were, "stuck in rental" and "we just can't seem to buy anything". They had £800k to spend! The disconnect between how many years of work it would take to buy that (after tax) let alone the interest on borrowing it was amazing.

(3) Why people would go on that show in the first place. Do Kirsty and Phil have any special insight into the property market in Cambridgeshire? No. There was one particular bit where a couple ruled out a suburb as they'd have to go on the A14. Firstly they wouldn't have to, secondly if they did it would be one or two junctions against the traffic. I travelled on it in that direction for years and it wasn't that bad, the other way is a nightmare.

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I think a lot of the people who go on these shows simply want to be on TV. They can't really get any perks - it's not like a homeowner is going to offer them a £50k a discount because they are on TV or because they like Phil and Kirsty.

I know someone who was on Grand Designs and they got £25k of sanitaryware free because of the exposure from the show, and a lot of other perks. LLL can't really offer anything like that, can it?

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Hi

Have avoided LLL for years but tuned into tonight's after coming down from the cricket... Loved the two doctors near Cambridge. Congratulations guys, you worked hard for years to qualify in a respected and vital testing discipline.

Welcome to the dream, a tatty 1960s mid-terrace for £350k. I bet its noisy, too

Unkind. They were looking for a 'statement property' :D

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Guest eight

Unkind. They were looking for a 'statement property' :D

Is that one where you get a mortgage statement for the next 70 years?

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I think a lot of the people who go on these shows simply want to be on TV. They can't really get any perks - it's not like a homeowner is going to offer them a £50k a discount because they are on TV or because they like Phil and Kirsty.

I know someone who was on Grand Designs and they got £25k of sanitaryware free because of the exposure from the show, and a lot of other perks. LLL can't really offer anything like that, can it?

It's like all the property porn shows, I'm convinced they're all staged and none of the buyers are 'real'... anyone genuinely looking to buy a certain type of house, in a certain area with a specific budget will know exactly what's available just by spending a morning looking on RM, Zoopla and EA websites, without requiring the help of K&P, Aled Jones etc to find something for them.

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It's like all the property porn shows, I'm convinced they're all staged and none of the buyers are 'real'... anyone genuinely looking to buy a certain type of house, in a certain area with a specific budget will know exactly what's available just by spending a morning looking on RM, Zoopla and EA websites, without requiring the help of K&P, Aled Jones etc to find something for them.

I think the sellers might be real, and just use exposure in a vain attempt to sell at higher prices.

The buyers almost certainly fake.

Some of the property porn is just plain boring. For example, in Escape to The Country its mainly boomers who need 'space to entertain' become 'part of the local community' and room for their useless, nonexistant 'hobby business'

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Did anyone hear the bit of Kirsty narration where there was actually an offer of £352k by some investor but the vendor went with the Doctors' £350k offer as he/she wanted someone to buy it to live in, not to rent out.

Very noble indeed. I wonder if it was tacked in at the end to appease us hard done by renters?

OK, so if it was bought for £352k and it was rented out for £1k a month (suggested in Timak's post), if I have this right I make that a paltry 3.4% yield. Yep, BTL has had it's day alright! :lol:B)

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