Show us your real estate pawn (vol 2)

Show us your real estate pawn (vol 2)

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TheJimi

25,015 posts

244 months

Thursday 2nd June 2016
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kapiteinlangzaam said:
I havent got €1M, but if I did.....

http://www.funda.nl/koop/ulestraten/huis-49862614-...









Less than 5 mins from work, too. Curse my lack of lottery wins!
That's amazing value, imo.



mgtony

4,022 posts

191 months

Friday 3rd June 2016
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Thankyou4calling said:
TVRJAS said:
Not sure why.... But that made me chuckle.
I think it's to MASSIVELY increase the hits. And it'll work !
Could cause pandemonium! biggrin

gibbon

2,182 posts

208 months

Friday 3rd June 2016
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Harry Flashman said:
We're off to look at this at the weekend...

Lovely building, location works for us, but a block of modern flats right opposite it which may put me off. Expensive for that particular part of Streatham, but a unique building, especially in London.

http://www.hamptons.co.uk/buy/property/5-bedroom-d...
I dont know Streatham well at all, but that seems like comparative good value.

Its the stamp that will kill you as you say. I would also, if i was you, try to hold onto the flat, such strong income is pretty hard to come by.

There is a square of houses two rows down from my house, that i would really love to move to, and i could if i sold our house and my flat, but the easy rental income and potential various future uses of the flat is seriously hard to let go of.

Harry Flashman

19,384 posts

243 months

Friday 3rd June 2016
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gibbon said:
I dont know Streatham well at all, but that seems like comparative good value.

Its the stamp that will kill you as you say. I would also, if i was you, try to hold onto the flat, such strong income is pretty hard to come by.

There is a square of houses two rows down from my house, that i would really love to move to, and i could if i sold our house and my flat, but the easy rental income and potential various future uses of the flat is seriously hard to let go of.
Correct on both counts. We could buy this if I kept my flat, but I just resent paying the extra stamp duty, and we would have to take on a bigger mortgage on the house than we currently have, but a couple of hundred thousand pounds. All of which is achievable, and one could mentally "offset" with long term capital appreciation of the rental property/future income from it, I suppose. Still means giving HMRC a large chunk of cash for the second year running, for the pleasure of living a few hundred metres from where we are already renovating a house. Which means committing to longer in London, when in reality I would like to move out in 5 years or so...

Hmmm. Shall report back after a viewing of this place. Hoping I don't fall in love with it...

gibbon

2,182 posts

208 months

Friday 3rd June 2016
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Harry Flashman said:
gibbon said:
I dont know Streatham well at all, but that seems like comparative good value.

Its the stamp that will kill you as you say. I would also, if i was you, try to hold onto the flat, such strong income is pretty hard to come by.

There is a square of houses two rows down from my house, that i would really love to move to, and i could if i sold our house and my flat, but the easy rental income and potential various future uses of the flat is seriously hard to let go of.
Correct on both counts. We could buy this if I kept my flat, but I just resent paying the extra stamp duty, and we would have to take on a bigger mortgage on the house than we currently have, but a couple of hundred thousand pounds. All of which is achievable, and one could mentally "offset" with long term capital appreciation of the rental property/future income from it, I suppose. Still means giving HMRC a large chunk of cash for the second year running, for the pleasure of living a few hundred metres from where we are already renovating a house. Which means committing to longer in London, when in reality I would like to move out in 5 years or so...

Hmmm. Shall report back after a viewing of this place. Hoping I don't fall in love with it...
Going off thread a touch, but i suspect the stamp duty system will be reformed again in a couple of years. Its really strangling the market.

By the way, I dont believe you would have to pay the extra 3% stamp if you are selling your primary home to buy another primary home, irrelevant of the rental property.

TheLordJohn

5,746 posts

147 months

Friday 3rd June 2016
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gibbon said:
Going off thread a touch, but i suspect the stamp duty system will be reformed again in a couple of years. Its really strangling the market.

By the way, I dont believe you would have to pay the extra 3% stamp if you are selling your primary home to buy another primary home, irrelevant of the rental property.

I thought you had to pay it on any second house purchase (above threshold) and then a refund is given when your previous home sale goes through...?

crashley

1,568 posts

181 months

Friday 3rd June 2016
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gibbon said:
Going off thread a touch, but i suspect the stamp duty system will be reformed again in a couple of years. Its really strangling the market.

By the way, I dont believe you would have to pay the extra 3% stamp if you are selling your primary home to buy another primary home, irrelevant of the rental property.
This is indeed correct; if you are replacing your primary residence with another primary residence (as i am doing now), then the additional 3% SDLT is not applicable.

Harry Flashman

19,384 posts

243 months

Friday 3rd June 2016
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crashley said:
This is indeed correct; if you are replacing your primary residence with another primary residence (as i am doing now), then the additional 3% SDLT is not applicable.
Really?

That changes things a bit. Still a double tap on SDLT in a single year, but if our renovation can sell for more than I spent on the renovations, in such a short timeframe (perhaps possible unless we Brexit), covering the SDLT already paid on it, and this property stays on the market long enough for this to all work...

Nope. Long shot. Still going to go and see it though and hope not to fall in love with it and chuck all financial considerations out of the window...after all, selling a car can get me to most of the way of the SDLT without dipping into more long term stuff.

Must stop doing property searches, having just bought a house. This is the nonsense that results.


V8RX7

26,910 posts

264 months

Friday 3rd June 2016
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Harry Flashman said:
Must stop doing property searches, having just bought a house. This is the nonsense that results.
That's the key.

And cars etc too - the perfect item always turns up after you've bought one.

Du1point8

21,612 posts

193 months

Friday 3rd June 2016
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Harry Flashman said:
crashley said:
This is indeed correct; if you are replacing your primary residence with another primary residence (as i am doing now), then the additional 3% SDLT is not applicable.
Really?

That changes things a bit. Still a double tap on SDLT in a single year, but if our renovation can sell for more than I spent on the renovations, in such a short timeframe (perhaps possible unless we Brexit), covering the SDLT already paid on it, and this property stays on the market long enough for this to all work...

Nope. Long shot. Still going to go and see it though and hope not to fall in love with it and chuck all financial considerations out of the window...after all, selling a car can get me to most of the way of the SDLT without dipping into more long term stuff.

Must stop doing property searches, having just bought a house. This is the nonsense that results.
That one is not a lot of money for the area, what gives?

Its not too far from Streatham Hill station which is quite a nice area, I suppose the view of that block of flats aint great, how is the reputation of the block of flats? Sold to private individuals now or still council tenants?

Harry Flashman

19,384 posts

243 months

Friday 3rd June 2016
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Am currently musing the stupid cost of 2 x cars that do less than 1000 miles each per year on another thread. No loss to sell one to fund SDLT on a gorgeous dream house, I'm thinking.

Anyway, sorry for off-topic, everyone, but some helpful comments - thank you! Have a few things to think about - will report back on whether the house is as good in reality as it looks in the photos. Let's go back to looking at amazing homes!

HF.

astroarcadia

1,711 posts

201 months

Monday 6th June 2016
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http://www.rightmove.co.uk/property-for-sale/prope...

Country home of a has-been UK singer.

Answer is in the pics.

fixed


Edited by astroarcadia on Monday 6th June 10:11

Thankyou4calling

10,611 posts

174 months

Monday 6th June 2016
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astroarcadia said:
http://www.rightmove.co.uk/property-for-sale/prope...

Country home of a has-been UK singer.

Answer is in the pics.
Just goes to RM home page.

numtumfutunch

4,731 posts

139 months

Monday 6th June 2016
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Thankyou4calling said:
Just goes to RM home page.
Agreed

The answer my friends seems to be blowing in the wind

astroarcadia

1,711 posts

201 months

Monday 6th June 2016
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berlintaxi

8,535 posts

174 months

Monday 6th June 2016
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Lily Allen? Not a bad return if she gets that price, bought it in 2010 for £3 million.

astroarcadia

1,711 posts

201 months

Monday 6th June 2016
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Correct.

Overpriced IMO.

It's appeal is the privacy and setting.

Otherwise high maintenance to keep it looking pretty.

berlintaxi

8,535 posts

174 months

Monday 6th June 2016
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Overpriced for sure, but a beautiful property, imho.

FourWheelDrift

88,560 posts

285 months

Monday 6th June 2016
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Harpsden Court, Henley-on-Thames, £7.75m - http://www.rightmove.co.uk/property-for-sale/prope...




louiebaby

10,651 posts

192 months

Monday 6th June 2016
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FourWheelDrift said:
Harpsden Court, Henley-on-Thames, £7.75m - http://www.rightmove.co.uk/property-for-sale/prope...
Whilst undeniably lovely, for that price in the Henley area, I'd want river frontage, some wellies, a good flood insurance policy, and a small place on higher ground for when it inevitably needs to dry out for a couple of months.
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