ds7971 Posted May 27, 2021 Share Posted May 27, 2021 https://www.rightmove.co.uk/properties/107509721 This has come up nearish to me. 2 years ago that would've been 250-300k (as it needs full renovation), 350k absolute tops allowing for largish plot (but not big enough to knock down and build two properties. I mean seriously.... 550k for that (plus 34k stamp duty), so 585k, or around 25 times local average salary, for a rubbish 3 bed bungalow that needs total renovation??? Even on a zero percent mortgage its still £25k a year to pay back that capital over 25 years! This country has gone mad. Quote Link to comment Share on other sites More sharing options...
Greater Fool Posted May 27, 2021 Share Posted May 27, 2021 2 hours ago, ds7971 said: Even on a zero percent mortgage its still £25k a year to pay back that capital over 25 years! This country has gone mad. This is the thing, whoever buys that won't be making themselves penniless by shelling out £25k for 25 years, they will have lots of equity or an inheritance. At least the estate agent bothered to mention it's a full renovation job, most of the shysters round here would just put something obscure like "a unique opportunity to put your own stamp on the property". Quote Link to comment Share on other sites More sharing options...
hughjass Posted May 31, 2021 Share Posted May 31, 2021 It needs 100 k spending on it. The previous owners werent gardening fans, I clicked on the map and see its close to Knobcrook, cant believe Ive never come across that name amongst the funniest names in Britain before. Quote Link to comment Share on other sites More sharing options...
satsuma Posted May 31, 2021 Share Posted May 31, 2021 House is worth about 100k, the rest is the money people have to borrow to beat the other numpties to a life time of debt Quote Link to comment Share on other sites More sharing options...
Pindar Posted May 31, 2021 Share Posted May 31, 2021 Could be used as a set for remakes 1980s sitcoms, if that was a thing. Quote Link to comment Share on other sites More sharing options...
Dweller Posted May 31, 2021 Share Posted May 31, 2021 These were my favourites this week. Felt sorry for the people either side of the burnt out terrace : https://www.rightmove.co.uk/properties/107604356#/ https://www.rightmove.co.uk/properties/107771642#/ Quote Link to comment Share on other sites More sharing options...
Dweller Posted May 31, 2021 Share Posted May 31, 2021 3 minutes ago, Dweller said: These were my favourites this week. Felt sorry for the people either side of the burnt out terrace : https://www.rightmove.co.uk/properties/107604356#/ https://www.rightmove.co.uk/properties/107771642#/ 2019 an end terrace (not burnt out ) was £100,000. Still £60,000 for a gap between two dreadful houses can't be bad can it!? https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=60046686&sale=9287014&country=england Quote Link to comment Share on other sites More sharing options...
Locke Posted June 1, 2021 Share Posted June 1, 2021 10 hours ago, Dweller said: These were my favourites this week. Felt sorry for the people either side of the burnt out terrace : https://www.rightmove.co.uk/properties/107604356#/ https://www.rightmove.co.uk/properties/107771642#/ Quote As there is fire damage we are unable to do viewings. lol Quote Link to comment Share on other sites More sharing options...
Dweller Posted June 1, 2021 Share Posted June 1, 2021 16 minutes ago, Locke said: lol Presumably no insurance otherwise it would have got rebuilt wouldn't it ? Can't imagine being in the two houses either side ! Quote Link to comment Share on other sites More sharing options...
Locke Posted June 1, 2021 Share Posted June 1, 2021 30 minutes ago, Dweller said: Presumably no insurance otherwise it would have got rebuilt wouldn't it ? Can't imagine being in the two houses either side ! I doubt they will ever get the smell out. They are incredibly fortunate it didn't spread though! Quote Link to comment Share on other sites More sharing options...
cnick Posted June 1, 2021 Share Posted June 1, 2021 (edited) 15 hours ago, satsuma said: House is worth about 100k, the rest is the money people have to borrow to beat the other numpties to a life time of debt Yes, and the other £450k of the price tag is to keep the banking system solvent. ? Edited June 1, 2021 by cnick Quote Link to comment Share on other sites More sharing options...
micawber Posted June 1, 2021 Share Posted June 1, 2021 11 hours ago, Dweller said: These were my favourites this week. Felt sorry for the people either side of the burnt out terrace : https://www.rightmove.co.uk/properties/107604356#/ "ONLY CASH BUYERS, OR BUYERS WITH A VERY LARGE DEPOSIT should apply" 😄 Quote Link to comment Share on other sites More sharing options...
micawber Posted June 1, 2021 Share Posted June 1, 2021 43 minutes ago, Locke said: I doubt they will ever get the smell out. They are incredibly fortunate it didn't spread though! Looks like they were built pre-1980 so probably well protected! Quote Link to comment Share on other sites More sharing options...
Dweller Posted June 1, 2021 Share Posted June 1, 2021 1 hour ago, Locke said: I doubt they will ever get the smell out. They are incredibly fortunate it didn't spread though! Not sure if the people each side would see that as fortunate, not if they were insured. What would have happened if the two house each side were insured but the one in the middle wasn't ? Never thought of the problems being in a terrace if your neighbours aren't insured ! Quote Link to comment Share on other sites More sharing options...
telespy Posted June 1, 2021 Share Posted June 1, 2021 Two-bedroom cottage in Padstow measuring just 8ft 2in wide - making it narrower than a London bus goes on the market for nearly £430,000 https://www.dailymail.co.uk/news/article-9639793/Two-bedroom-cottage-measuring-just-8ft-2in-wide-market-nearly-430-000.html Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 1, 2021 Share Posted June 1, 2021 On 27/05/2021 at 20:48, ds7971 said: https://www.rightmove.co.uk/properties/107509721 This has come up nearish to me. 2 years ago that would've been 250-300k (as it needs full renovation), 350k absolute tops allowing for largish plot (but not big enough to knock down and build two properties. I mean seriously.... 550k for that (plus 34k stamp duty), so 585k, or around 25 times local average salary, for a rubbish 3 bed bungalow that needs total renovation??? Even on a zero percent mortgage its still £25k a year to pay back that capital over 25 years! This country has gone mad. Here's my post https://www.rightmove.co.uk/ Quote Link to comment Share on other sites More sharing options...
ABZ_RVK Posted June 1, 2021 Share Posted June 1, 2021 5 hours ago, telespy said: Two-bedroom cottage in Padstow measuring just 8ft 2in wide - making it narrower than a London bus goes on the market for nearly £430,000 https://www.dailymail.co.uk/news/article-9639793/Two-bedroom-cottage-measuring-just-8ft-2in-wide-market-nearly-430-000.html this is mental... crazy Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted June 1, 2021 Share Posted June 1, 2021 I nominate: https://www.rightmove.co.uk/properties/89924452#/ Perfectly nice house, but nearly 700k?? Quote Link to comment Share on other sites More sharing options...
Dweller Posted June 2, 2021 Share Posted June 2, 2021 On 01/06/2021 at 10:46, micawber said: "ONLY CASH BUYERS, OR BUYERS WITH A VERY LARGE DEPOSIT should apply" 😄 Wow the house actually sold in days!!!! Quote Link to comment Share on other sites More sharing options...
anonguest Posted June 2, 2021 Share Posted June 2, 2021 20 hours ago, telespy said: Two-bedroom cottage in Padstow measuring just 8ft 2in wide - making it narrower than a London bus goes on the market for nearly £430,000 https://www.dailymail.co.uk/news/article-9639793/Two-bedroom-cottage-measuring-just-8ft-2in-wide-market-nearly-430-000.html ".....with potential as a holiday let " And how long would it take to see a return on ones investment in nominal terms (never mind real terms!) ? AND IF, instead, it's being bought as a personal seaside retreat/crashpad.....How much would it cose to secure the most expensive room(s) in the best hotel in town for, say, the next XX years for whenever you fancied popping down there? That price just makes no sense whatsoever in any universe, so far as I can see. Quote Link to comment Share on other sites More sharing options...
Huggy Posted June 2, 2021 Share Posted June 2, 2021 A lawyer, a banker, a consultant, or just someone over 50 who bought at the right time (and worked 'hard') could become trailer trash 😀 https://www.rightmove.co.uk/properties/78445836#/ Rivers are nice to visit, and it doesn't look bad (I'd spend a week there if it wasn't in effing Staines), but that is a la la land price. Quote Link to comment Share on other sites More sharing options...
Former postman Posted June 2, 2021 Share Posted June 2, 2021 14 hours ago, PeanutButter said: I nominate: https://www.rightmove.co.uk/properties/89924452#/ Perfectly nice house, but nearly 700k?? People are smoking crack if they think that's worth nearly 700k the world's gone mad. Quote Link to comment Share on other sites More sharing options...
Former postman Posted June 2, 2021 Share Posted June 2, 2021 21 minutes ago, Huggy said: A lawyer, a banker, a consultant, or just someone over 50 who bought at the right time (and worked 'hard') could become trailer trash 😀 https://www.rightmove.co.uk/properties/78445836#/ Rivers are nice to visit, and it doesn't look bad (I'd spend a week there if it wasn't in effing Staines), but that is a la la land price. Lol 500k for a portacabin next to a river lmao Quote Link to comment Share on other sites More sharing options...
naturals Posted June 2, 2021 Share Posted June 2, 2021 1 hour ago, Huggy said: A lawyer, a banker, a consultant, or just someone over 50 who bought at the right time (and worked 'hard') could become trailer trash 😀 https://www.rightmove.co.uk/properties/78445836#/ Rivers are nice to visit, and it doesn't look bad (I'd spend a week there if it wasn't in effing Staines), but that is a la la land price. There was a failed self build project for sale on the river there a year or two ago. A big place but they'd not even finished the ground works. I think it was on for £2m or close. The river is lovely, it's just a shame it's hemmed in between Staines, the M25 and the LHR departures. Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted June 2, 2021 Share Posted June 2, 2021 (edited) 2 hours ago, Postman said: Lol 500k for a portacabin next to a river lmao Looks cheap to me 1) Static caravan so assume watertight 2) Not utter shithole inside and presentable for its type 3) Nice wide river view https://www.rightmove.co.uk/properties/105763883#/ Smaller creeksih view crap hole holiday home only No jobs near Owners clearly high status as cannot be arsed to clean it for 1 hour to get 300K+ Thats near 10,000£ per m2 of shack Edited June 2, 2021 by Fromage Frais Quote Link to comment Share on other sites More sharing options...
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