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TheCountOfNowhere

The £800K bungalow

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IAP of £800K for a bungalow worth £100K.

Now advertisied as a  **DEVELOPMENT OPPORTUNITY**

http://www.rightmove.co.uk/property-for-sale/property-54249385.html

14/11/2016,    

    Price changed: Guide Price £685,000 £650,000  

16/09/2016,    

    Brief Description changed: **DEVELOPMENT OPPORTUNITY** An individual 1920's four bedroom detached bungalow. bungalow, in need of refurbishment, with the added benefit of planning permission to extend to make a five bedroom, three bathroom family home. Situated on a large plot, there is also further planning permission granted for the construction of a separate... gra...  
    Price changed: Guide Price £700,000 £685,000  

14/08/2016,    

    Price changed: Guide Price £725,000 £700,000  

06/06/2016,    

    Price changed: Guide Price £800,000 £725,000  

19/05/2016,    

    Initial entry found. 

 

 

 

Buy now, before you miss out

 

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It's hard to justify that price tag, but i guess when folk are paying 400k for terraced houses in sink Labour wards in Cambridge a few miles south I can believe anything. The area doesn't look that great. This one in Nottingham, also in need of demolition, is also up at 650k. However, the location is extremely well thought of. Price of both still bonkers.

 

http://www.rightmove.co.uk/property-for-sale/property-51071707.html

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6 hours ago, crashmonitor said:

It's hard to justify that price tag, but i guess when folk are paying 400k for terraced houses in sink Labour wards in Cambridge a few miles south I can believe anything. The area doesn't look that great. This one in Nottingham, also in need of demolition, is also up at 650k. However, the location is extremely well thought of. Price of both still bonkers.

 

http://www.rightmove.co.uk/property-for-sale/property-51071707.html

It looks like a school classroom...

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6 hours ago, crashmonitor said:

It's hard to justify that price tag, but i guess when folk are paying 400k for terraced houses in sink Labour wards in Cambridge a few miles south I can believe anything. The area doesn't look that great. This one in Nottingham, also in need of demolition, is also up at 650k. However, the location is extremely well thought of. Price of both still bonkers.

 

http://www.rightmove.co.uk/property-for-sale/property-51071707.html

That one will definitely by knocked down, does function well as a bungalow as there are a row of steps up to it.

 

What sort of house would you have to put on that site in order to turn a decent profit?  Well North of a million I would have thought.  You have to ask yourself how many million pound housed Nottingham needs.

 

(To be fair, the place does have a very nice garden)

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This thread should be renamed...the half price bungalow

 

http://www.rightmove.co.uk/property-for-sale/property-54249385.html

http://www.rightmove.co.uk/property-for-sale/property-63157661.html

 

Now listed at £435.

 

I bet you are glad you didnt buy it at 800K now....

 

Just another £200K to go.

 

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