Venger Posted January 17, 2016 Share Posted January 17, 2016 Was replying to an email this evening to a HPC-minded good friend... In an earlier exchange we previously outlined some things done over Christmas - on my side that included buying The Imitation Game dvd, and all the family watching it together. We enjoyed it, even though some parts were a bit for drama, such as all his doubters at Bletchley.Got a reply an hour later.. thoughts about the move, and some thoughts about the housing market and BTLers... their weaknesses, how they see the world. I replied with some other info about Turing, and about a house... well here is how it unfolded. Knew an elderly lady who talked a lot about Turing - but not in a good way - just to kudos up Wilmslow, her own area, because a real Mind lived there. She's hogging a large family home to herself, probably worth some £600K in this market. I know she lost a lot of £ as banking shares crashed. Market moved against her, and like the other mugs, she held to the low from super-highs. Some awful newbuilds (imo) have gone up in outer Wilmslow, as I like to think of it, something like Turing Drive... yep http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=POSTCODE^4431041&searchLocation=SK9+2STApparently Turing's arrest etc came when he was living in Wilmslow - and where he died.. One of the target areas for other family to buy. Well you might recall that house I showed you as example.... and I've just noticed it has gone SoldSTC. (Uninstalled PB a while ago so I don't know when it went STC. Don't really need PB at these prices... way too expensive).http://www.rightmove.co.uk/property-for-sale/property-51261533.htmlTuring...http://www.manchestereveningnews.co.uk/news/greater-manchester-news/genius-move-home-computer-pioneer-4289107http://www.manchestereveningnews.co.uk/news/greater-manchester-news/plaque-will-honour-genius-turing-1111322http://www.huffingtonpost.co.uk/2014/01/07/alan-turing-home_n_4554675.html http://www.macclesfield-express.co.uk/news/local-news/home-code-genius-heritage-site-2541124 And here is the old listing http://www.rightmove.co.uk/property-for-sale/property-38349665.htmlOh my...History / Sold Price.... http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=38349665&sale=51606143&country=englandSale Date: 01 Jul 2014. Price Paid: £925,000 Sale Date: 24 Nov 2004. Price Paid: £715,000Grrr!! - Back on market right now as a rental..... !!!!!!!!!!!!!! Asking £3,950 pcm.http://www.rightmove.co.uk/property-to-rent/property-37832697.html ForeverHPI-UK New Clarke2: Do you know, this morning I was on a train that went through a city that wouldn't exist if it wasn't for you.= ...What some BTLers tell themselves...ForeverHPI-UK New Morcom2: Sometimes it's the very people who no one imagines anything of who do the things no one can imagine.= ...How many BTLers think of themselves, in a brag-happy way. Borrow and borrow to lay claim to all the houses via BTL, hogging supply, pricing out the young, with overly generous tax-perks, and allowed to get away with it for 15+ years? (Or much longer for some pre BTL lending).The BTLer code is breakable, by math and overleverage, collapsing into itself in a a bubble, with a big deliberate political push (HPC). Going to cost some of the BTLers dearly imo, into HPC. Quote Link to comment Share on other sites More sharing options...
Neverwhere Posted January 17, 2016 Share Posted January 17, 2016 I'm glad they don't appear to be using Turing's name to advertise it, but you can see the blue plaque in the listing pictures. Pushing on for £1m for a BTL! The rent on that one property alone will take them into the higher rate tax band once Clause 24 comes into full effect, if they weren't in it already. I expect you'll see it back up for sale in a few years time, if not sooner. Quote Link to comment Share on other sites More sharing options...
Venger Posted January 17, 2016 Author Share Posted January 17, 2016 Don't have PB installed.... but can see this on the listing itself. Added on Rightmove: 16 November 2015 (62 days ago) It's possible it wasn't bought directly for BTL... but still on rental market now, not long after last purchase... and pushing on at £1m purchase yes - eek. Accidental landlord or purposeful BTL.... there's quite a few high end rentals just voiding out on market. Forever HPI... or perhaps not. Shock HPC please. Can't know about any mortgage debt on it, but if so, Clause 24 does make totally change situation for all those BTLers who have gone hard in, for fancy homes or for portfolios of lower end homes. And market values are set at the margin. Alan Turing: It's a game. A test of sorts. For determining whether something is a... a machine or a human being. The BTL machine and its participants needs to handle a hard HPC market event, imo. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted January 18, 2016 Share Posted January 18, 2016 Do these high end rentals ever get rented out? Who the hell rents something for 4k a month? Quote Link to comment Share on other sites More sharing options...
eric pebble Posted January 18, 2016 Share Posted January 18, 2016 Do these high end rentals ever get rented out? Who the hell rents something for 4k a month? VERY, very good question!!!! I often find myself scratching my head and asking the same question! Are there THAT MANY MORONS on this earth??!? Quote Link to comment Share on other sites More sharing options...
Venger Posted January 18, 2016 Author Share Posted January 18, 2016 Just noticed it isn't available to rent until end of Jan 2016, so no voids yet. http://www.rightmove.co.uk/property-to-rent/property-37832697.html From last sale listing.... archived listing http://www.rightmove.co.uk/property-for-sale/property-38349665.html Sale Date: 01 Jul 2014. Price Paid: £925,000 As well as retaining many original, traditional features the property has an interesting history with a previous occupant being Alan Turing who would have celebrated his 100th birthday this June and is famous for being the driving force behind the Bombe machine for cracking the German Enigma cypher during World War II. You can't have plot come on the market in the general area without it coming with plans for a £2million mcmansion - in my experience and market view. And for well over 15 years, mcmansions builds it has been. Then the newbuilds... prices... On market in the same postcode http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=POSTCODE^779780&insId=1&includeSSTC=true&_includeSSTC=on -- Next village along.. still building mcmansions into 2013+ with £2m+ asking prices... sure it's Cheshire WAG land but lot of footballer houses up for sale on market too... money never seems to run out.... Quote Link to comment Share on other sites More sharing options...
Sandwiches33 Posted January 18, 2016 Share Posted January 18, 2016 Was replying to an email this evening to a HPC-minded good friend... In an earlier exchange we previously outlined some things done over Christmas - on my side that included buying The Imitation Game dvd, and all the family watching it together. We enjoyed it, even though some parts were a bit for drama, such as all his doubters at Bletchley. Got a reply an hour later.. thoughts about the move, and some thoughts about the housing market and BTLers... their weaknesses, how they see the world. I replied with some other info about Turing, and about a house... well here is how it unfolded. ForeverHPI-UK New Clarke2: Do you know, this morning I was on a train that went through a city that wouldn't exist if it wasn't for you. = ...What some BTLers tell themselves... ForeverHPI-UK New Morcom2: Sometimes it's the very people who no one imagines anything of who do the things no one can imagine. = ...How many BTLers think of themselves, in a brag-happy way. Borrow and borrow to lay claim to all the houses via BTL, hogging supply, pricing out the young, with overly generous tax-perks, and allowed to get away with it for 15+ years? (Or much longer for some pre BTL lending). The BTLer code is breakable, by math and overleverage, collapsing into itself in a a bubble, with a big deliberate political push (HPC). Going to cost some of the BTLers dearly imo, into HPC. I lived in a place, really run down lots of ex council houses and everyone had been employed by the local factory which was long since closed. A few artists writers,muscicians and such moved there because it was cheap, quiet, had a couple of pubs. After a couple of years a couple of cafes opened, not flashy just normal with toasties and such. A couple of artists opened galleries too in old shops and the place was getting popular. Estate agents started selling it as an artist community, lots of land was bought there and builders threw up 350k "family homes", loads of cultureless cocks moved in and ruined the place as it became too expensive for arty types to live there anymore, the arty types were pushed out replaced buy mad women jewelry businesses and contemporary boutiques. I cant even afford to visit there now, its such a shame. Propertee people ****** me right off. I was ethinically cleansed out the area by them. Using Turings name is exactly the sort of ******** they use any thing to make a buck. Also rich people in big houses kill communities from my experience. Quote Link to comment Share on other sites More sharing options...
Neverwhere Posted January 18, 2016 Share Posted January 18, 2016 Don't have PB installed.... but can see this on the listing itself. It's possible it wasn't bought directly for BTL... but still on rental market now, not long after last purchase... and pushing on at £1m purchase yes - eek. Accidental landlord or purposeful BTL.... there's quite a few high end rentals just voiding out on market. Forever HPI... or perhaps not. Shock HPC please. Can't know about any mortgage debt on it, but if so, Clause 24 does make totally change situation for all those BTLers who have gone hard in, for fancy homes or for portfolios of lower end homes. And market values are set at the margin. The BTL machine and its participants needs to handle a hard HPC market event, imo. Oops, yes, hadn't clocked the sale date was a little bit too long ago for it to be likely to be a straight up BTL purchase. Might well have been remortgaged in order to further a move to a more expensive property still. I know people with similarly priced BTLs in London acquired by that mechanism. If it is mortgaged up then it's probable that the LVT has been agreed on the basis that the sale price would be higher still if it were on the market again now, whether or not that is actually true. That's how the BTL machine works. It prevents price discovery. Quote Link to comment Share on other sites More sharing options...
Sawitcoming Posted January 22, 2016 Share Posted January 22, 2016 Do these high end rentals ever get rented out? Who the hell rents something for 4k a month? In my area a 4K rental would be everyday. Some of the people we know are paying 10k. All paid for by companies relocating staff from abroad and required to give them something equivalent to their home base. after two years they cut it off and they move into something more reasonable. There is a big house a few doors up and the wife told me it was 26k a month although I haven't verified that for myself. Quote Link to comment Share on other sites More sharing options...
Venger Posted April 3, 2016 Author Share Posted April 3, 2016 Looks like it's still on the rental market... Now asking £3500 pcm. - Reduced on Rightmove: 15 March 2016 (18 days ago) - was previously asking price £3,950 pcm. http://www.rightmove.co.uk/property-to-rent/property-40451652.html History / Sold Price.... http://www.rightmove...country=englandSale Date: 01 Jul 2014. Price Paid: £925,000 Sale Date: 24 Nov 2004. Price Paid: £715,000 Quote Link to comment Share on other sites More sharing options...
Neverwhere Posted April 3, 2016 Share Posted April 3, 2016 I guess landlords don't get to set rents at whatever level they want, then. Quote Link to comment Share on other sites More sharing options...
wherebee Posted April 3, 2016 Share Posted April 3, 2016 Very small market at that level for rents. The sea change in that sort of level in the past five years is that previously, if you got a secondment or 12 month + placement (contract at senior level to cover recruitment, for example), the firm would find and rent somewhere like that for you. Now, the normal seems to be you get a 3 months max placement in a place of their choosing (a list is provided, but it's seen as temporary and the choices reflect that) until you find somewhere yourself and pay for it out of your own pocket. If it's your own money, you get a lot choosier about spunking pounds up the wall. Quote Link to comment Share on other sites More sharing options...
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