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canny man

Some Developer Numbers

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Facts are always nice.

This was a very tatty mansion on sale for a year at 790k. Sold earlier this year (don't know what was paid)

Now on sale as 2 units priced 630 and 650k. So far so good for developer.

http://www.espc.com/EspcPublic/UniversalPa...aspx?rid=176584

Have not sold for a while and are also up for rent at £2200 pcm

ergo: yield against straight purchase price 8.1% (ignoring stamp duty, but also any discount against price quoted). THe true yield is of course less as renovation (the place was untouched since the 70's and un-inhabitable

Yield against sales price 4.1%

http://www.albaresidential.co.uk/Particula...e=-1&results=10

Boring, maybe, but evidence to me that in Edinburgh the development game aint what it used to be.

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I believe that during the last crash houses that had been converted to flats were converted back to houses.

Now we all know this country is flooded with flats, that are now struggling to sell and leading the crash.

How great would it be if this meant that so many more conversions could be made back into family homes.

These developers have done us all a favour, we just need patience to see the results.

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I believe that during the last crash houses that had been converted to flats were converted back to houses.

Now we all know this country is flooded with flats, that are now struggling to sell and leading the crash.

How great would it be if this meant that so many more conversions could be made back into family homes.

Yes, but what a waste of effort and resources.

Just like the periodic Local Government reorganisations, NHS restructurings etc we all have to pay for.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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