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blondebier

Lewes Btl Goes Sour?

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I keep an eye on the local property auctions run by Clive Emson.

The website was updated yesterday with details for next months auction.

This one looked interesting:

Clive Emson Link

Rightmove Link

It's currently has a tenant in occupation until July 2008. Current rent : £360 pcm

I had a peak at houseprices.co.uk just to see if it appeared. HousePrices.co.uk

He bought it last year (29/07/2005) for £200k! :lol::lol::lol:

I've heard the word yield mentioned a few times on here... :P

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Was probably split in two.

I doubt it, if you'd go to the effort of splitting a house in two, you wouldn't leave them un-modernised. The drop in value is more likely a reflection on the area at the moment.

We looked at a repossed house is South Chailey a while back. Mill Lane if I remember correctly. There were sub 12 year old kids walking around smoking and swearing at their parents, junk filled front gardens everywhere, and a family of chavs camped out in the local playground.

Needless to say we never went back.

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Maybe, but the £70-£200k in a space of 16 months seems somewhat fishy to me. I think there is something else going on here, although no idea what.

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I keep an eye on the local property auctions run by Clive Emson.

The website was updated yesterday with details for next months auction.

This one looked interesting:

Clive Emson Link

Rightmove Link

It's currently has a tenant in occupation until July 2008. Current rent : £360 pcm

I had a peak at houseprices.co.uk just to see if it appeared. HousePrices.co.uk

He bought it last year (29/07/2005) for £200k! :lol::lol::lol:

I've heard the word yield mentioned a few times on here... :P

I spotted this this morning in property section of Sussex Express. 2 ebd cottage in need of modernisation

Looks like a BTL-er in trouble, let me guess....bought last year, had no cash to renovate, then realised that EA 'estimated rent' was 'unrealistic'. Now stuck with sitting tennants till July 2008, and having problems covering a £200k mortgage on £360 [read that that as £300 once greedy EA has creamed of their 'management fee']

Ad reads "SUITABLE FOR INVESTORS ONLY" Translates to: We can pprobably only palm this off onto other BTL mug 'investor' :lol:

Its right on main road in South Chailley [not to be confused with the other Chailey which isnt quite as ropey]

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Maybe, but the £70-£200k in a space of 16 months seems somewhat fishy to me. I think there is something else going on here, although no idea what.

Yeah. It does look odd. The £70K looks stranger than the £200K though.

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Maybe, but the £70-£200k in a space of 16 months seems somewhat fishy to me. I think there is something else going on here, although no idea what.

Fishy? - no - just another shining example of Gordon Browns 'miracle' economy

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Fishy? - no - just another shining example of Gordon Browns 'miracle' economy

Isn't it great! :D

I'd love to know how much, if any, mortgage he has on this place...

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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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