Real Estate nightmares
Discussion
Baron Greenback said:
20 Times This Instagram Page Spotted The Wildest Real Estate Listings On Zillow, some of these you may of seen but fair few new to me and god dam they are aweful
https://www.demilked.com/real-estate-listings-zill...
I actually quite like a few of those https://www.demilked.com/real-estate-listings-zill...
bloomen said:
What happens at the end of the 'licence'?
If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Rental for similar places on the Warren start at £2k a week. As that's on the beach front it'll rent for £4k plus in the summer. It's utterly stupid but Abersoch, and especially the Warren is very popular with Evoque type people from the North West.If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Gribs said:
bloomen said:
What happens at the end of the 'licence'?
If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Rental for similar places on the Warren start at £2k a week. As that's on the beach front it'll rent for £4k plus in the summer. It's utterly stupid but Abersoch, and especially the Warren is very popular with Evoque type people from the North West.If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
The leases there are 20 years after which you negotiate. They used to make you buy a new caravan at that point, but the chalets seem to have moved the game on a bit, so I can't see those being forcibly replaced.
I used to go there quite a bit as a kid - "Wilmslow-on-sea" it was known as - and not far off - we used to see so many people we knew there it's like the whole village upped & moved in the summer.
bloomen said:
What happens at the end of the 'licence'?
If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Quite often on these sites (who are often owned and run by a certain nomadic demographic) there is a clause in the contract that says after 25 years they have the right to force purchase the cabin from you for a paltry sum, especially if it's past its designed lifespan.If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Escort3500 said:
Mark Asread said:
Hoofy said:
Downside Road. How apt.
Details started on at the investor angle as it is currently tenanted, pulling 24k a year, so 4.5% yield. about right?
Not with the 9.5k service charge, probably not.
Quags said:
bloomen said:
What happens at the end of the 'licence'?
If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Quite often on these sites (who are often owned and run by a certain nomadic demographic) there is a clause in the contract that says after 25 years they have the right to force purchase the cabin from you for a paltry sum, especially if it's past its designed lifespan.If it's pure expiration that's nearly £69,000 a year. I could manage some rather jolly holidays on that budget.
Doofus said:
Hoofy said:
Doofus said:
Hoofy said:
Or if you're really lazy, just add a door between 1 and 3.
FYI by lazy, I mean add a door by paying someone to do the actual adding for you. Don't you try to out-lazy me. I've been practising for decades.
talksthetorque said:
Details started on at the investor angle as it is currently tenanted, pulling 24k a year, so 4.5% yield. about right?
Not with the 9.5k service charge, probably not.
£9.5k annual service charge is quite something!Not with the 9.5k service charge, probably not.
I wonder it's the same on the apartments in the big house that sell for 2x the Lodge.
https://www.rightmove.co.uk/properties/71628093#/?...
Escort3500 said:
Mark Asread said:
Hoofy said:
Downside Road. How apt.EDIT: the whole building that is. Not the flat!
Hoofy said:
Who the hell buys these? And can I have a list of potential buyers?
A friend of mine owns one In fact I have a nagging suspicion this is his as he has downsized his life recently. I think the description of 'Cheshire-by-sea' is pretty appropriate although to be fair to my friend he has a lot of fun there and the kids love it, I have to say it looks like it is an amazing place to be which might justify the pricetag. Funnily enough I was chatting to a mate at work who lives in Wilmslow and most of his very wealthy friends there decamp to Abersoch on a semi-permanent basis too. The price seems crazy but I think there is a huge demand for it...supply and demand I guessSiko said:
Hoofy said:
Who the hell buys these? And can I have a list of potential buyers?
A friend of mine owns one In fact I have a nagging suspicion this is his as he has downsized his life recently. I think the description of 'Cheshire-by-sea' is pretty appropriate although to be fair to my friend he has a lot of fun there and the kids love it, I have to say it looks like it is an amazing place to be which might justify the pricetag. Funnily enough I was chatting to a mate at work who lives in Wilmslow and most of his very wealthy friends there decamp to Abersoch on a semi-permanent basis too. The price seems crazy but I think there is a huge demand for it...supply and demand I guess
Interesting to read what others do.On my semi-frequent "what would I buy if my Lotto numbers come up" trawl of Rightmove I spotted this property:
https://www.rightmove.co.uk/properties/109739252
It is perhaps unusual in that it could also be featured on the 'real estate prawn' thread.
Outwardly the property is perfect for my requirements - quirky but modest sized house, in an interesting location and a massive garage.
But, the nightmare side of it is due to a massively inflated price (purely down to that location?), amusingly dated/retro interior and I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Noticeabley there aren't photos of some of the rooms or bathrooms - probably for fear of putting off prospective purchasers - in the walk through video there are glimpses of a very orange bathroom and the semi enclosed bedroom off the lounge seems to have an airbed in it.
Not a single shot of the master bedroom (that I could tell), so the mind boggles at what horrors are within.
https://www.rightmove.co.uk/properties/109739252
It is perhaps unusual in that it could also be featured on the 'real estate prawn' thread.
Outwardly the property is perfect for my requirements - quirky but modest sized house, in an interesting location and a massive garage.
But, the nightmare side of it is due to a massively inflated price (purely down to that location?), amusingly dated/retro interior and I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Noticeabley there aren't photos of some of the rooms or bathrooms - probably for fear of putting off prospective purchasers - in the walk through video there are glimpses of a very orange bathroom and the semi enclosed bedroom off the lounge seems to have an airbed in it.
Not a single shot of the master bedroom (that I could tell), so the mind boggles at what horrors are within.
Hoofy said:
Siko said:
Hoofy said:
Who the hell buys these? And can I have a list of potential buyers?
A friend of mine owns one In fact I have a nagging suspicion this is his as he has downsized his life recently. I think the description of 'Cheshire-by-sea' is pretty appropriate although to be fair to my friend he has a lot of fun there and the kids love it, I have to say it looks like it is an amazing place to be which might justify the pricetag. Funnily enough I was chatting to a mate at work who lives in Wilmslow and most of his very wealthy friends there decamp to Abersoch on a semi-permanent basis too. The price seems crazy but I think there is a huge demand for it...supply and demand I guess Interesting to read what others do.Porth Neigwl is beautiful, and almost certainly makes up a big part of the area's appeal.
But for many, it's a status thing.
A bit like moneyed folk from London buying in Padstowe.
Truckosaurus said:
On my semi-frequent "what would I buy if my Lotto numbers come up" trawl of Rightmove I spotted this property:
https://www.rightmove.co.uk/properties/109739252
It is perhaps unusual in that it could also be featured on the 'real estate prawn' thread.
Outwardly the property is perfect for my requirements - quirky but modest sized house, in an interesting location and a massive garage.
But, the nightmare side of it is due to a massively inflated price (purely down to that location?), amusingly dated/retro interior and I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Noticeabley there aren't photos of some of the rooms or bathrooms - probably for fear of putting off prospective purchasers - in the walk through video there are glimpses of a very orange bathroom and the semi enclosed bedroom off the lounge seems to have an airbed in it.
Not a single shot of the master bedroom (that I could tell), so the mind boggles at what horrors are within.
Even from the outside it's bloody awful. It's like they've accidentally dropped photos of different houses into the same listing.https://www.rightmove.co.uk/properties/109739252
It is perhaps unusual in that it could also be featured on the 'real estate prawn' thread.
Outwardly the property is perfect for my requirements - quirky but modest sized house, in an interesting location and a massive garage.
But, the nightmare side of it is due to a massively inflated price (purely down to that location?), amusingly dated/retro interior and I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Noticeabley there aren't photos of some of the rooms or bathrooms - probably for fear of putting off prospective purchasers - in the walk through video there are glimpses of a very orange bathroom and the semi enclosed bedroom off the lounge seems to have an airbed in it.
Not a single shot of the master bedroom (that I could tell), so the mind boggles at what horrors are within.
£3m for a plot of land and a demolition bill seems a lot.
C70R said:
Truckosaurus said:
On my semi-frequent "what would I buy if my Lotto numbers come up" trawl of Rightmove I spotted this property:
https://www.rightmove.co.uk/properties/109739252
It is perhaps unusual in that it could also be featured on the 'real estate prawn' thread.
Outwardly the property is perfect for my requirements - quirky but modest sized house, in an interesting location and a massive garage.
But, the nightmare side of it is due to a massively inflated price (purely down to that location?), amusingly dated/retro interior and I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Noticeabley there aren't photos of some of the rooms or bathrooms - probably for fear of putting off prospective purchasers - in the walk through video there are glimpses of a very orange bathroom and the semi enclosed bedroom off the lounge seems to have an airbed in it.
Not a single shot of the master bedroom (that I could tell), so the mind boggles at what horrors are within.
Even from the outside it's bloody awful. It's like they've accidentally dropped photos of different houses into the same listing.https://www.rightmove.co.uk/properties/109739252
It is perhaps unusual in that it could also be featured on the 'real estate prawn' thread.
Outwardly the property is perfect for my requirements - quirky but modest sized house, in an interesting location and a massive garage.
But, the nightmare side of it is due to a massively inflated price (purely down to that location?), amusingly dated/retro interior and I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Noticeabley there aren't photos of some of the rooms or bathrooms - probably for fear of putting off prospective purchasers - in the walk through video there are glimpses of a very orange bathroom and the semi enclosed bedroom off the lounge seems to have an airbed in it.
Not a single shot of the master bedroom (that I could tell), so the mind boggles at what horrors are within.
£3m for a plot of land and a demolition bill seems a lot.
C70R said:
Even from the outside it's bloody awful. It's like they've accidentally dropped photos of different houses into the same listing.
£3m for a plot of land and a demolition bill seems a lot.
“The property, which would have been cutting edge design for its time, offers some interesting and thought-provoking accommodation.”£3m for a plot of land and a demolition bill seems a lot.
That’s quite some spin! I get that it’s all about the view with that place, but it’s a tear down basically…
DanL said:
C70R said:
Even from the outside it's bloody awful. It's like they've accidentally dropped photos of different houses into the same listing.
£3m for a plot of land and a demolition bill seems a lot.
“The property, which would have been cutting edge design for its time, offers some interesting and thought-provoking accommodation.”£3m for a plot of land and a demolition bill seems a lot.
That’s quite some spin! I get that it’s all about the view with that place, but it’s a tear down basically…
Truckosaurus said:
...I would wager it being the most poorly furnished 3 million quid house in the country - I've seen better furniture in student digs.
Don't you take your own furniture with you? or buy new stuff? Or did I miss the clause that says the furniture must stay in-situ once the property is purchased?I agree the price is a daft, however.
(Hi Nick!
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