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maverick73

2 bed maisonette for sale - £375,000 Offers over

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The effects of cheap easy credit, has turned a property valued at £100k in 2005 and currently being offered at £375k +

Does anyone think this maisonette is a value for money? - Link

Screen Shot 2017-04-27 at 18.38.42.png

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7 minutes ago, maverick73 said:

The effects of cheap easy credit, has turned a property valued at £100k in 2005 and currently being offered at £375k +

Does anyone think this maisonette is a value for money? - Link

Screen Shot 2017-04-27 at 18.38.42.png

I can't see any twigs in a vase so not a penny over £300k

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its 90m2 built area with room for expansion into the garden (possibly?), or even building an outbuilding for storing stuff and having a workshop.

0.7 miles to nearest underground. and not too far from main road arteries. 

its actually a pretty good deal considering this is london. I'd offer 300k for it. but not really into the area.

Edited by hayder

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3 hours ago, maverick73 said:

The effects of cheap easy credit, has turned a property valued at £100k in 2005 and currently being offered at £375k +

Does anyone think this maisonette is a value for money? - Link

And 'only' £239K just a few years ago in 2013, yet they wanted £425K. Plus without the Brexit vote effect, who would have been surprised if they'd been asking £450K or more? But that pretty much sums up London in recent years. Insane rises when wages have been flat. 

As for the Borough of Harrow, it "has been identified as being the worst place in the UK for wages, with 42 per cent of jobs there paying less than the London Living Wage." http://www.standard.co.uk/news/london/more-than-750000-workers-do-not-earn-london-living-wage-of-915-per-hour-a3088136.html

Edited by Tempus

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Hmm. Apologies for potential beer logic but I never understand this sort of listing history:

First on at 425. Presumably no offers to their liking, so reduce to 400.

Now they want 'offers over' 375...

So either, they have previously only received offers below 375, and they think somehow that reducing the asking price is going to entice people to offer more than this all of a sudden, or, they have previously rejected offers between 375 and 425, but now will suddenly be happy to accept one!?!

Or, they have received no offers :ph34r:

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It'll work as an HMO for a budding BTL'er could easily let out as 5 rooms at 400 quid a pop (make the loft into 2 extra rooms)... with 1 void at a time that's 1600 quid income minus expenses, would easily cover the 1300-1400 odd quid mortgage. By 2017 london standards. this isn't a horrid place at all. There's a lot worse out there.

Edited by hayder

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6 minutes ago, btd1981 said:

Hmm. Apologies for potential beer logic but I never understand this sort of listing history:

First on at 425. Presumably no offers to their liking, so reduce to 400.

Now they want 'offers over' 375...

So either, they have previously only received offers below 375, and they think somehow that reducing the asking price is going to entice people to offer more than this all of a sudden, or, they have previously rejected offers between 375 and 425, but now will suddenly be happy to accept one!?!

Or, they have received no offers :ph34r:

400,000 and offers over 375 is exactly the same. Time wasters. It'll be on the rental market soon.

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