Glasgow questions

[woodysnr]

https://www.rightmove.co.uk/property/108197321 If you are looking at houses in this £££ range ..think you can afford to send your kids to private schools

[Macron]

I wouldn't be buying that one, besides, LBTT at that level is 2/3 of a 488, and I'd rather have 2/3rds of a 488!

Unless second home of course, when it's a whole 488.....

[irc]

Macron said:

I wouldn't be buying that one, besides, LBTT at that level is 2/3 of a 488, and I'd rather have 2/3rds of a 488!

Unless second home of course, when it's a whole 488.....

I gave no intention of moving house and am not remotely near the million quid bracket but out of curiousity I googled this. £78k tax?

The SNP really don't like the better off do they? The people they need to attract for the economy

I,m all for everyone paying fair tax but that looks excessive. More than double English rates?

[jonny996]

irc said:

I gave no intention of moving house and am not remotely near the million quid bracket but out of curiousity I googled this. £78k tax?

The SNP really don't like the better off do they? The people they need to attract for the economy

I,m all for everyone paying fair tax but that looks excessive. More than double English rates?

Nail on head 100%, the SNP are beyond Corbyn's left thinking

[S2red]

Lot of house but not much garden, but amazing what you can do with your tennis court OH and IIRC under flight path for Glasgow airport!

Edited by S2red on Tuesday 15th June 10:55

Edited by S2red on Tuesday 15th June 19:45

[irc]

S2red said:

Lot of house but not much garden

Yes. The walls of glass look loses it's attraction when you are just getting a better view of your neighbour's fence a few yards away.

[aparna]

irc said:

I gave no intention of moving house and am not remotely near the million quid bracket but out of curiousity I googled this. £78k tax?

The SNP really don't like the better off do they? The people they need to attract for the economy

I,m all for everyone paying fair tax but that looks excessive. More than double English rates?

Yes it’s a real kick in the balls. However everything half decent on my alerts in 700k range is still selling in days or hours, so tbf not clear how big a difference would lowering the tax make?


It’s still a lot lower tax rate than most countries.

[irc]

aparna said:

irc said:

I gave no intention of moving house and am not remotely near the million quid bracket but out of curiousity I googled this. £78k tax?

The SNP really don't like the better off do they? The people they need to attract for the economy

I,m all for everyone paying fair tax but that looks excessive. More than double English rates?

Yes it’s a real kick in the balls. However everything half decent on my alerts in 700k range is still selling in days or hours, so tbf not clear how big a difference would lowering the tax make?


It’s still a lot lower tax rate than most countries.

Are you sure? This study puts the UK among the highest.

https://housingevidence.ac.uk/wp-content/uploads/2...

[Macron]

aparna said:

Yes it’s a real kick in the balls. However everything half decent on my alerts in 700k range is still selling in days or hours, so tbf not clear how big a difference would lowering the tax make?


It’s still a lot lower tax rate than most countries.

Where are you looking? I am pretty sure prices in the west end of Glasgow are rising daily, the demand is utterly nuts.

[Macron]

ETA last week, 250k.

https://www.zoopla.co.uk/for-sale/details/56366570...

This week, same block, same layout property, just different software hence the windows look different on the floor plan, 260k....

https://www.zoopla.co.uk/for-sale/details/58907295...

[S2red]

Interesting that room measurements differ as do hall cupboards sizes in what looks like same flat different floor

[yellowbentines]

Macron said:

ETA last week, 250k.

https://www.zoopla.co.uk/for-sale/details/56366570...

This week, same block, same layout property, just different software hence the windows look different on the floor plan, 260k....

https://www.zoopla.co.uk/for-sale/details/58907295...

Just remember, those are just the offers over figures - e.g. purely marketing figures, so they don't mean much. You may be aware anyway, but the actual value will be determined by the Home Report valuation, on those flats it could be £265k, could be £285k, could be £300k.

Then, you have people offering insane sums over value - £50k on a property of that nature is not uncommon in the current market, selling for £100k over value is possible on something pricier in an upmarket suburb or in the countryside.

The property market is insane at the moment.

[jonny996]

Home report valuations are worth less than toilet paper. Flat for sale at O/O £250K, gets sold for £325k with 2 other offers at £315K.
So that’s 3 parties willing to pay at least £315k , so how much attention I’m I going to pay to a failed architect in a tie telling me it’s only worth £275k. Zoopla is a more realistic marker.

[yellowbentines]

jonny996 said:

Home report valuations are worth less than toilet paper. Flat for sale at O/O £250K, gets sold for £325k with 2 other offers at £315K.
So that’s 3 parties willing to pay at least £315k , so how much attention I’m I going to pay to a failed architect in a tie telling me it’s only worth £275k. Zoopla is a more realistic marker.

That may be, but if surveyors valued properties on the HR based on what the last person paid for something similar in the locale, then prices would run away higher and quicker than they are doing already.

IME Zoopla is about as accurate as pinning some valuations on a dartboard and throwing 3 darts, you might get lucky, you might be way off.

[S2red]

OK long time since I bought but is valuation what house is worth for mortgage purposes NOT what someone will pay for it

[jonny996]

Complete useless figure unless you require a high LTV mortgage