Show us your real estate pawn (vol 2)
Discussion
dazzalse said:
http://www.rightmove.co.uk/property-for-sale/prope...
On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
Given that there is a Super wide screen in the bar, I would suspect that there is a complete installation of AV in the house, Hidden TVs Projectors and screens, Lutron Installation etc. This can cost over £1m easily Lutron blinds are well know to be priced at £1000 a meter. If they have Kliedescope players etc £40k each Crestron DM etc they may have spend £4m on AV.On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
Looks like a new build to me. Like it but move it south and may fetch that much.
dazzalse said:
http://www.rightmove.co.uk/property-for-sale/prope...
On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
They need that much to pay the Rightmove "per-picture" fees...On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
F18RSC said:
If they have Kliedescope players etc £40k each Crestron DM etc they may have spend £4m on AV.
Looks like a new build to me. Like it but move it south and may fetch that much.
I think they've demonstrated the difference between "spend" and "value".Looks like a new build to me. Like it but move it south and may fetch that much.
That would need to be in N.London to be worth that much. Even if you moved that to posh Home Counties it would still only be worth £3-4m at a stretch - there is so much nicer property around at that value.
anonymous said:
[redacted]
The footballers premium that Formby allows is phenomenal. I had an involvement with a relatively modest property in Formby (a few roads over from there in fact) that was being let at £5k PCM to a player. It really wasn't anything special and left me thinking that even if it were down South in the home counties (originally a Southerner), it would struggle to yield half that amount to an average Joe. Add the word footballer, a smidgen of extra layer security to satisfy the club's consultants and name your price. The total absence of the value of money seems to skew the prices whereas the equivalent earning brokers etc usually offer a degree of commerciality to any deal into which they enter.dazzalse said:
http://www.rightmove.co.uk/property-for-sale/prope...
On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
12m and you only get single pendant light fittings in most of the bedrooms!On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
80 acres.
Woodland
River
Medieval hall
Cottage and barn
Topiary.
http://www.rightmove.co.uk/property-for-sale/prope...
Woodland
River
Medieval hall
Cottage and barn
Topiary.
http://www.rightmove.co.uk/property-for-sale/prope...
dazzalse said:
http://www.rightmove.co.uk/property-for-sale/prope...
On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
Looks rather like a Barratts house with a farm shop/cafe attached. Hideous.On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
F18RSC said:
dazzalse said:
http://www.rightmove.co.uk/property-for-sale/prope...
On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
Given that there is a Super wide screen in the bar, I would suspect that there is a complete installation of AV in the house, Hidden TVs Projectors and screens, Lutron Installation etc. This can cost over £1m easily Lutron blinds are well know to be priced at £1000 a meter. If they have Kliedescope players etc £40k each Crestron DM etc they may have spend £4m on AV.On at £12,500,000 in Formby i'm trying to see the value in the asking price.....
Looks like a new build to me. Like it but move it south and may fetch that much.
£4m would be impossible.
Probably should be £3-4m. Maybe they added a 1 by mistake
. Its between Liverpool and Southport!Next most expensive house would indicate im probably in the right ball park;
Edited by p1stonhead on Thursday 3rd December 08:02
CharlesdeGaulle said:
The Axminster house is lovely, but isn't it just 2.5 acres and the main house, with the remainder being auctioned separatley?
I think the land you'd really want to own is the bit between the hall and the industrial estate just to the south, to make sure it doesn't get any closer. Unfortunately that's not in the sale. Otherwise looks lovely, if in need of some work. anonymous said:
[redacted]
I don't disagree Tonker. I was simply illustrating my astonishment at some of the uneconomic inflation that surprised me in some of these isolated pockets. It's not like Cobham where the surrounding areas are only marginally cheaper or less/more exclusive. There must also be some fairly hefty premium on house prices based on their potential yield. It's disproportionately skewed IMO but what would otherwise be a £500k house renting for £5k+ PCM suddenly makes it inflate in value closer to the £750k mark purely based on a more realistic 8% yield. Bluebarge said:
CharlesdeGaulle said:
The Axminster house is lovely, but isn't it just 2.5 acres and the main house, with the remainder being auctioned separatley?
I think the land you'd really want to own is the bit between the hall and the industrial estate just to the south, to make sure it doesn't get any closer. Unfortunately that's not in the sale. Otherwise looks lovely, if in need of some work. The fact it has been in institutional ownership http://www.task-centre.org.uk/index.php probably means a lot of work being required to bring it up to family home standard as well.
tokyo_mb said:
The fact it has been in institutional ownership http://www.task-centre.org.uk/index.php probably means a lot of work being required to bring it up to family home standard as well.
Gruffy's next project then, chop chop!Shnozz said:
I don't disagree Tonker. I was simply illustrating my astonishment at some of the uneconomic inflation that surprised me in some of these isolated pockets. It's not like Cobham where the surrounding areas are only marginally cheaper or less/more exclusive. There must also be some fairly hefty premium on house prices based on their potential yield. It's disproportionately skewed IMO but what would otherwise be a £500k house renting for £5k+ PCM suddenly makes it inflate in value closer to the £750k mark purely based on a more realistic 8% yield.
I don't know if you've got your figures a bit skewed but a £500k house won't rent for £5000 a month, you'll be lucky to get a third of that.The Formby house is a mistake I think. It certainly won't have AV costing £4 million!! That's just not possible and it'll sell for no more than £3 million in my opinion.
Thankyou4calling said:
I don't know if you've got your figures a bit skewed but a £500k house won't rent for £5000 a month, you'll be lucky to get a third of that.
The Formby house is a mistake I think. It certainly won't have AV costing £4 million!! That's just not possible and it'll sell for no more than £3 million in my opinion.
Exactly the point I was making. The yields seem grossly skewed in some of these pockets and that may, in turn, impact on a skewed house value. The Formby house is a mistake I think. It certainly won't have AV costing £4 million!! That's just not possible and it'll sell for no more than £3 million in my opinion.
formby and southport do have pretty suppressed values for a multitude of reasons. For one thing both centres are crap, and if you're a commuter to Manchester then it's not hugely easy unless you love the really s
t rattler train.
I grew up there and follow the local newspaper on social media, and they regularly post "amazing mansions" for £1-1.5M. Depends what you're after but you get considerably more for your money there than you do where I live now.
t rattler train. I grew up there and follow the local newspaper on social media, and they regularly post "amazing mansions" for £1-1.5M. Depends what you're after but you get considerably more for your money there than you do where I live now.
jdw1234 said:
I must say that's a pretty impressive property particularly as Gellers career seems to consist mainly of conning gullible people,Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff