Show us your real estate pawn (vol 2)

Show us your real estate pawn (vol 2)

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DonkeyApple

55,311 posts

169 months

Saturday 14th October 2017
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RichB said:
FourWheelDrift said:
The aircraft is nice, the house is very disappointing. The rooms are small and it doesn't even have a dining room! Look like it's got a neighbouring house tucked in very close next door (do they get use of the airstrip too?) and the garaging is rubbish. Ah'm oot! biggrin
North Cotswolds is around £300-£350/sqft so if it didn't have the airfield you'd be looking at a value of £1m tops. Arguably less because as you say it really isn't that nice a house and it's in a part of the UK where there is no shortage of nice houses. I would think you have to really have to like the idea of flying out from your own garden to pay that £500k premium.

Especially considering there's typically no premium for helipads and that's the typical mode of aerial transport out from London. Plus, you've any number of private airfields around here to meet the needs of getting to Le Touquet for a round of golf and a lash up.

Edited by DonkeyApple on Sunday 15th October 10:29

AstonZagato

12,704 posts

210 months

Sunday 15th October 2017
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NDA said:
DonkeyApple said:
In short, once the basic mechanics were laid out to me it suddenly had no appeal whatsoever.

The final statement was that in terms of true value it's worth how much the local farmer will pay for the land and that's pretty much it.
In the days when I had cash (many years ago), I nearly bought a chateau... I think the point of these types of properties is that it's throw away money - you have to know going in that you might lose the cash. It's about being in love with an ancient property, whatever the cost aspect might be. If you hope to recover, or even make, money, you might live there feeling rather desperate about it. I still dream of owning such a place and will happily noodle on the type of sites above...
With these types of places, it costs you €1mio to buy, you spend €1mio doing it up and it's worth €1mio.

Burwood

18,709 posts

246 months

Sunday 15th October 2017
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AstonZagato said:
NDA said:
DonkeyApple said:
In short, once the basic mechanics were laid out to me it suddenly had no appeal whatsoever.

The final statement was that in terms of true value it's worth how much the local farmer will pay for the land and that's pretty much it.
In the days when I had cash (many years ago), I nearly bought a chateau... I think the point of these types of properties is that it's throw away money - you have to know going in that you might lose the cash. It's about being in love with an ancient property, whatever the cost aspect might be. If you hope to recover, or even make, money, you might live there feeling rather desperate about it. I still dream of owning such a place and will happily noodle on the type of sites above...
With these types of places, it costs you €1mio to buy, you spend €1mio doing it up and it's worth €1mio.
Quite. I liken it to boat ownership. Very expensive running costs and severe depreciation. To go into with passion and your eyes wide open. And plenty of spare money smile

DonkeyApple

55,311 posts

169 months

Monday 16th October 2017
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You say 'boat ownership' but then talk about marriage? biggrin

Adam B

27,251 posts

254 months

Monday 16th October 2017
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camshafted said:
That is stunning. But it has a £3,500 service charge and only 59 years left on the lease. I'd love to know what the freeholder / manager does to warrant a £300 per month service charge!
I read that as seller pays SC up to Dec 2019, which totals £3500, so more like £1500 per year - still seems a lot for the gardener and someone to sweep the courtyard!! Maybe it includes buildings insurance / water/sewage but thats normally just flats

louiebaby

10,651 posts

191 months

Monday 16th October 2017
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Today's mythical money tree ponderings take me back to Kingswear. I do love the area. This on isn't a lot to look at on the outside, but the view, the location, it's all pretty good...





I seem to have a knack for places with a sex-pond too...



http://www.rightmove.co.uk/property-for-sale/prope...

p1stonhead

25,549 posts

167 months

Monday 16th October 2017
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louiebaby said:
Today's mythical money tree ponderings take me back to Kingswear. I do love the area. This on isn't a lot to look at on the outside, but the view, the location, it's all pretty good...





I seem to have a knack for places with a sex-pond too...



http://www.rightmove.co.uk/property-for-sale/prope...
Pretty lovely.

Adam B

27,251 posts

254 months

Monday 16th October 2017
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RichB said:
FourWheelDrift said:
The aircraft is nice, the house is very disappointing. The rooms are small and it doesn't even have a dining room! Look like it's got a neighbouring house tucked in very close next door (do they get use of the airstrip too?) and the garaging is rubbish. Ah'm oot! biggrin
I would add ghastly conservatory, naff frontage with integral garages, horrible kitchen, horrible wooden window frames

oh and the airfield and plane are of zero use to most people

other than that its ideal smile

Doofus

25,821 posts

173 months

Monday 16th October 2017
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Adam B said:
I would add ghastly conservatory, naff frontage with integral garages, horrible kitchen, horrible wooden window frames
You wouldn't need to, it's already got all those. Think of the money you'd save wink

Adam B

27,251 posts

254 months

Monday 16th October 2017
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rofl

phil_cardiff

7,091 posts

208 months

Monday 16th October 2017
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p1stonhead said:
louiebaby said:
Today's mythical money tree ponderings take me back to Kingswear. I do love the area. This on isn't a lot to look at on the outside, but the view, the location, it's all pretty good...





I seem to have a knack for places with a sex-pond too...



http://www.rightmove.co.uk/property-for-sale/prope...
Pretty lovely.
It is nice but...if I had that money I'd want a proper sea view and not a crowded river mouth. Picky sod that I am.

Bonefish Blues

26,755 posts

223 months

Monday 16th October 2017
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...and a slightly classier sex pond, perhaps?

RATATTAK

11,055 posts

189 months

Monday 16th October 2017
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phil_cardiff

7,091 posts

208 months

Monday 16th October 2017
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Bonefish Blues said:
...and a slightly classier sex pond, perhaps?
But of course.

Perhaps I see the appeal of the house now. What better to add a bit of frission to your sex pond frolics than knowing Gerald and Viv might be watching from their 15ft dinghy below?

louiebaby

10,651 posts

191 months

Tuesday 17th October 2017
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RATATTAK said:
That does look like a really nice family house. She needs to become good friends with the two neighbours with the pools. wink

Adam B

27,251 posts

254 months

Tuesday 17th October 2017
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RATATTAK said:
horribly bland house, lovely family garden

57 Chevy

5,410 posts

235 months

Tuesday 17th October 2017
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Butter Face

30,312 posts

160 months

Tuesday 17th October 2017
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57 Chevy said:
Obviously cool owners too, that Del Sol on the driveway looks clean smile

DonkeyApple

55,311 posts

169 months

Tuesday 17th October 2017
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phil_cardiff said:
It is nice but...if I had that money I'd want a proper sea view and not a crowded river mouth. Picky sod that I am.
I generally find a basic sea view terribly boring. It is after all just a wall of one shade of blue eventually meeting another shade of blue. Ultimately, you could just build a wall across your patio and paint it blue for an instant 'sea view' in the middle of a town biggrin. Sitting over a nice estuary where there is nice stretch of water, trees, nice properties and watching the comings and goings of potterers while consuming gin is more appealing to me.

NDA

21,578 posts

225 months

Tuesday 17th October 2017
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AstonZagato said:
NDA said:
DonkeyApple said:
In short, once the basic mechanics were laid out to me it suddenly had no appeal whatsoever.

The final statement was that in terms of true value it's worth how much the local farmer will pay for the land and that's pretty much it.
In the days when I had cash (many years ago), I nearly bought a chateau... I think the point of these types of properties is that it's throw away money - you have to know going in that you might lose the cash. It's about being in love with an ancient property, whatever the cost aspect might be. If you hope to recover, or even make, money, you might live there feeling rather desperate about it. I still dream of owning such a place and will happily noodle on the type of sites above...
With these types of places, it costs you €1mio to buy, you spend €1mio doing it up and it's worth €1mio.
A bit like an Aston? smile

Any worries about loss of capital would be assuaged by the fact that you owned such a place and created amazing memories. Or at least that's what I tell myself.
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