Interesting property, what happened?
Discussion
easytiger123 said:
The notes at the bottom of the listing say the property is approached via an unmade driveway that is not in the possession of the property. I can only begin to imagine what kind of potential legal nightmares that could cause the owner of the house.
Quite probably has prescriptive rightsblueg33 said:
Quite probably has prescriptive rights
Why would this be an issue, isn't a prescriptive right almost as good as having title to the land you need to cross?Either way, I get the impression that there is a larger issue here which has caused the family to vacate, have their home repossessed, and now not being able to sell for so many years.
EViS said:
Why would this be an issue, isn't a prescriptive right almost as good as having title to the land you need to cross?
Either way, I get the impression that there is a larger issue here which has caused the family to vacate, have their home repossessed, and now not being able to sell for so many years.
It might not be mortgageable as such and being such a high value property & needing £200k+ spent on top before you can mortgage it's a tiny market. Either way, I get the impression that there is a larger issue here which has caused the family to vacate, have their home repossessed, and now not being able to sell for so many years.
Cost what £1.1-1.2m in that area is it good value way out of step ??
EViS said:
blueg33 said:
Quite probably has prescriptive rights
Why would this be an issue, isn't a prescriptive right almost as good as having title to the land you need to cross?Either way, I get the impression that there is a larger issue here which has caused the family to vacate, have their home repossessed, and now not being able to sell for so many years.
However, it may not be simple. If the rights have been gained whilst the building was in a different use it does not automatically mean that they apply to s new use. A change could be deemed as intensification, rights of way often cannot be applied in those circumstances.
Edited by blueg33 on Thursday 24th December 06:20
Very interesting property! But looks unfinished and the render looks suspect. It's not good that there was a shooting and suicide associated or that B Regs haven't signed off.
The underground rooms, magazines and other features aren't mentioned, which is strange.
It just needs thorough investigation that's all.
The underground rooms, magazines and other features aren't mentioned, which is strange.
It just needs thorough investigation that's all.
Had a look around this place today...
Very odd situation, glorious views in one direction, horrible views in the other.
Access by a very long single lane track which has some deep mud filled ruts in - my Focus just made it!
Next door neighbor is a hoarder of junk, old landrovers and horse boxes etc. Half small holding, half scrapyard.
Shared underground magazine, but the neighbor owns the bit with the steps and door , so no way down to it or into it, once you get there. The plans show it as a huge area though.
House is a mixture of very up market fancy kitchen and bathrooms but poor quality flooring (laminate) and lots of unfinished flooring.
Roof is leaking on one or two places.
Too many small bedrooms, all with horrible views of a rough looking estate and the scrapyard next door.
All the downstairs rooms are small and dark of course.
The master bedroom and living areas are spectacular though.
No access into the separate annex as the locks where all rusted shut.
Planning says you have to complete landscaping and demolition of outbuildings before you move in!
I think the owners went mad buying fancy bathrooms before even starting the landscaping and ran out of money.
Then there's the lack of any building control inspections!
Initially put on the market at a million, now under 400k, probably only worth 250-300k.
Very odd situation, glorious views in one direction, horrible views in the other.
Access by a very long single lane track which has some deep mud filled ruts in - my Focus just made it!
Next door neighbor is a hoarder of junk, old landrovers and horse boxes etc. Half small holding, half scrapyard.
Shared underground magazine, but the neighbor owns the bit with the steps and door , so no way down to it or into it, once you get there. The plans show it as a huge area though.
House is a mixture of very up market fancy kitchen and bathrooms but poor quality flooring (laminate) and lots of unfinished flooring.
Roof is leaking on one or two places.
Too many small bedrooms, all with horrible views of a rough looking estate and the scrapyard next door.
All the downstairs rooms are small and dark of course.
The master bedroom and living areas are spectacular though.
No access into the separate annex as the locks where all rusted shut.
Planning says you have to complete landscaping and demolition of outbuildings before you move in!
I think the owners went mad buying fancy bathrooms before even starting the landscaping and ran out of money.
Then there's the lack of any building control inspections!
Initially put on the market at a million, now under 400k, probably only worth 250-300k.
Interesting, thanks for reporting back.
Was it being sold by the bank as a repo?
Something you forgot to mention that's quite key too, there is no legal access to the property, that unmade track you refer to is owned by someone else and there is no legal right of way over it apparantly.
Was it being sold by the bank as a repo?
Something you forgot to mention that's quite key too, there is no legal access to the property, that unmade track you refer to is owned by someone else and there is no legal right of way over it apparantly.
Heh, forgot about this... Good info - did you find out who owns it now? was it repo'd?
Sounds like someone needs to spend some money and resolve the issues before it's sold and before it becomes unsalable because of it's reputation.
It's like people selling cars without an MOT, never understood it...
Sounds like someone needs to spend some money and resolve the issues before it's sold and before it becomes unsalable because of it's reputation.
It's like people selling cars without an MOT, never understood it...
CorradoTDI said:
Heh, forgot about this... Good info - did you find out who owns it now? was it repo'd?
Sounds like someone needs to spend some money and resolve the issues before it's sold and before it becomes unsalable because of it's reputation.
It's like people selling cars without an MOT, never understood it...
The estate agent let slip that it's the Bank selling it. The original developer got a 400k loan (I presume), so maybe this is what's setting the price.Sounds like someone needs to spend some money and resolve the issues before it's sold and before it becomes unsalable because of it's reputation.
It's like people selling cars without an MOT, never understood it...
I can't see where £400k went though. Certainly not on the roof!
The house isn't actually that big and there have done absolutely nothing on any of the surrounding landscape or buildings.
There's a fairly sophisticated heating system in there judging by the plant room.
sidekickdmr said:
Interesting, thanks for reporting back.
Was it being sold by the bank as a repo?
Something you forgot to mention that's quite key too, there is no legal access to the property, that unmade track you refer to is owned by someone else and there is no legal right of way over it apparantly.
Yes the track is Crown Estate Property, but the previous owners and the guy next door have been using it for decades, so I would seriously doubt there is any risk of losing access.Was it being sold by the bank as a repo?
Something you forgot to mention that's quite key too, there is no legal access to the property, that unmade track you refer to is owned by someone else and there is no legal right of way over it apparantly.
Worst case, a new track could be laid across the paddock (part of the sale), to the edge of the housing estate where there is a cul-de-sac. you'd still have to cross the track at that point though.
There is some form of regular payment required to go towards maintaining the track (which someone in the estate also seems to use to keep their caravan and car on), but the estate agent was vague about it...
I get the strong felling that the Agent is keeping information to an absolute minimum.
There's allegedly an offer on the table at a bit under the current asking price, but I don't believe anyone would pay nearly 400k for it,as there's a lot to do and by the time you finished it to the Council's satisfaction, the main house would probably have deteriorated even more...
Even completed, the main house is not worth a million or even 3/4 of a million. It's on Portland. (Nothing against Portland, I love it there, but it ain't Sandbanks).
Actually Portland could become the new Sandbanks one day! Then it would worth £10M!
I could see that whole place swallowing another £200k without blinking, if you wanted it to look like a luxury Tony Stark getaway. Especially if you want to use the old magazine.
The footpath will always be right across the front and side, so people can be nosy and the guy next door will always want to live in a bunker with a collection of scrap landies and horseboxes all around him and there will always be a large block of tatty looking flats just beyond that.
I doubt erosion will be an issue as that's why Portland is where it is. The rest of the coast has eroded away (by miles) and Portland is still there. It's made entirely of Portland stone after all!
It's a shame, as I really fancied it and the views, west, along the coast are the best in Dorset. (Unless you lived in the lighthouse or one of the tatty flats!)
Looks like someone made an offer of £385k in Feb
http://www.rightmove.co.uk/property-for-sale/prope...
http://www.rightmove.co.uk/property-for-sale/prope...
Lady_Beefmaster said:
Looks like someone made an offer of £385k in Feb
http://www.rightmove.co.uk/property-for-sale/prope...
Yes, but if that was serious, would the Estate Agent ask me if I thought the price was right? (is there a smiley for suspicious?)http://www.rightmove.co.uk/property-for-sale/prope...
If it is a serious offer then good luck to them, their rose tint must be deeper than mine!
I reckon it will go up for auction when the Bank gets fed up...
If you owned a building firm, you might get away with much lower costs to get it shipshape and more importantly, past Building Control and Planning.
Lady_Beefmaster said:
Looks like someone made an offer of £385k in Feb
http://www.rightmove.co.uk/property-for-sale/prope...
Yeah that's b0ll0cks - if it was a real offer and the asking is £395 then they'ed be bonkers not to accept it and take it off the market, usual estate agent bullshttp://www.rightmove.co.uk/property-for-sale/prope...
t!matty g said:
I thought If its a repo they cant take it off the market until exchange.
The agent told me that since they've had so many offers that have all fallen through, especially when all the hidden truths come out, they decided to just keep it on the market.I really don't know how you'd approach the Building Control issue. Maybe you'd have to expose the foundations, wall, roof and floor construction, or just be very very nice to the building control inspector!
Looks like you apply for a regularisation certificate and hope you don't have to dig up and uncover too much!
Edited by richard at home on Saturday 7th May 09:35
richard at home said:
The agent told me that since they've had so many offers that have all fallen through, especially when all the hidden truths come out, they decided to just keep it on the market.
I really don't know how you'd approach the Building Control issue. Maybe you'd have to expose the foundations, wall, roof and floor construction, or just be very very nice to the building control inspector!
Looks like you apply for a regularisation certificate and hope you don't have to dig up and uncover too much!
We looked at it last August, at the time I think it was up for £475k.I really don't know how you'd approach the Building Control issue. Maybe you'd have to expose the foundations, wall, roof and floor construction, or just be very very nice to the building control inspector!
Looks like you apply for a regularisation certificate and hope you don't have to dig up and uncover too much!
Edited by richard at home on Saturday 7th May 09:35
I was concerned about the BC issues and the area wasn't particularly nice.
The extra land out the front was pointless for us with the neighbours drive running across the access, we did think we could try and relocate the road, but how feasible that is being crown estate (and the time it would take) I don't know. However the money spent on it and spec was impressive, granite window ledges etc.
If the lounge had been bigger with less bedrooms we may have considered it.
When we saw it, it had warning signs everywhere from Connels giving notice to remove all property before possession was taken.
edit to add, I told the agent I would be interested at 250k, they weren't interested. We decided to wait and see if it came up for auction.
Edited by Russ T Bolt on Saturday 7th May 12:21
richard at home said:
Had a look around this place today...
Very odd situation, glorious views in one direction, horrible views in the other.
Access by a very long single lane track which has some deep mud filled ruts in - my Focus just made it!
Next door neighbor is a hoarder of junk, old landrovers and horse boxes etc. Half small holding, half scrapyard.
Shared underground magazine, but the neighbor owns the bit with the steps and door , so no way down to it or into it, once you get there. The plans show it as a huge area though.
House is a mixture of very up market fancy kitchen and bathrooms but poor quality flooring (laminate) and lots of unfinished flooring.
Roof is leaking on one or two places.
Too many small bedrooms, all with horrible views of a rough looking estate and the scrapyard next door.
All the downstairs rooms are small and dark of course.
The master bedroom and living areas are spectacular though.
No access into the separate annex as the locks where all rusted shut.
Planning says you have to complete landscaping and demolition of outbuildings before you move in!
I think the owners went mad buying fancy bathrooms before even starting the landscaping and ran out of money.
Then there's the lack of any building control inspections!
Initially put on the market at a million, now under 400k, probably only worth 250-300k.
I particularly liked the cinema room, if they are still calling it that.Very odd situation, glorious views in one direction, horrible views in the other.
Access by a very long single lane track which has some deep mud filled ruts in - my Focus just made it!
Next door neighbor is a hoarder of junk, old landrovers and horse boxes etc. Half small holding, half scrapyard.
Shared underground magazine, but the neighbor owns the bit with the steps and door , so no way down to it or into it, once you get there. The plans show it as a huge area though.
House is a mixture of very up market fancy kitchen and bathrooms but poor quality flooring (laminate) and lots of unfinished flooring.
Roof is leaking on one or two places.
Too many small bedrooms, all with horrible views of a rough looking estate and the scrapyard next door.
All the downstairs rooms are small and dark of course.
The master bedroom and living areas are spectacular though.
No access into the separate annex as the locks where all rusted shut.
Planning says you have to complete landscaping and demolition of outbuildings before you move in!
I think the owners went mad buying fancy bathrooms before even starting the landscaping and ran out of money.
Then there's the lack of any building control inspections!
Initially put on the market at a million, now under 400k, probably only worth 250-300k.
edit to add that we made it into the annex, clearly not been lived in for a very long time, but the space could be useful, but think there was something around the planning on it from memory. Did it need to be removed ?
Edited by Russ T Bolt on Saturday 7th May 12:24
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