rollover Posted February 1, 2019 Share Posted February 1, 2019 Quote Property developer who built five ultra-modern homes worth £1.3million each now plans to BULLDOZE them Five luxury properties are to be demolished just three years after they were built as their owner blames Brexit uncertainty for the lack of interest in high-end homes. The modern, four-bed homes in Poole, Dorset, which have been marketed at £1.3million each, are failing to sell as buyers hold on to their cash at the top end of the market. Instead, developer Alex Collier is ploughing £5million into replacing the homes with a block of 30, one and two-bed flats, which he hopes to sell for around £400,000 each. Daily Mail Any good advice to this geezer? Quote Link to comment Share on other sites More sharing options...
thewig Posted February 1, 2019 Share Posted February 1, 2019 (edited) Chuck em up for rent, coax a few unsuspecting hardworking scumbag families into em on teaser rates (no pets no children no DSS no blacks no Irish) give em a couple of months to get good and comfy then BOOM just bang the rents up on em? what do I win? This stuff is child’s play Edited February 1, 2019 by thewig Quote Link to comment Share on other sites More sharing options...
bear.getting.old Posted February 1, 2019 Share Posted February 1, 2019 Advice? Carry on, build your stupid flats, you won't sell them for £200k let alone £400k. Where are the jobs in Poole? And who wants flats anyway, there is an oversupply of flats Quote Link to comment Share on other sites More sharing options...
jd678 Posted February 2, 2019 Share Posted February 2, 2019 I know this road. Came quite close to buying a couple of shit flats just round the corner. 400k is adventurous, especially how cramped a block of 30 will be on that site compared to what else is around. Unfortunately on current pricing they would still fetch nearer 400 than 200 around there, but that does assume we maintain lasts years pricing. 1.3m for those houses is completely why they failed to sell. Even in the conservation area proper which these aren't that would get you a nice leafy half acre plot with plenty of space. Can't wait till the London money dries up and idiots like this stop trying to cash in. Quote Link to comment Share on other sites More sharing options...
winkie Posted February 2, 2019 Share Posted February 2, 2019 1.3 million is a large sum of money to tie up in one property......you could buy two very nice properties for that, home and away......two for the price of one. Quote Link to comment Share on other sites More sharing options...
jimmy2x3 Posted February 2, 2019 Share Posted February 2, 2019 (edited) will that have been the same brexit that destroyed jaimie olivers buisness as well, you know the one that hasint happened yet. brexit the go to blame game for all buisness f(uk ups Edited February 2, 2019 by jimmy2x3 Quote Link to comment Share on other sites More sharing options...
msi Posted February 3, 2019 Share Posted February 3, 2019 Will he get planning permission from all those millionaires for a block of 30 DSS flats next door? Quote Link to comment Share on other sites More sharing options...
MattW Posted February 3, 2019 Share Posted February 3, 2019 It seems like such a waste of effort to knock down the houses and build a block of ugly flats in their place. Let alone the cost to build and the environmental impact. Either drop the asking prices on the existing houses or rent them out. If even those two things fail then ask the local authority or a Housing Association to find them a tenant. Quote Link to comment Share on other sites More sharing options...
longgone Posted February 3, 2019 Share Posted February 3, 2019 Pure greed and unable accept reality. Can wages in Poole sustain a 400k price tag ?? Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted February 4, 2019 Share Posted February 4, 2019 A good job Global Warming is imaginary, lets show those pesky recyclers. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.