Real Estate nightmares

[anonymous-user]

jakesmith said:

NomduJour said:

£400 a week over the lease term sounds like very, very good value for that.

If you could live in it then yes but it has a lifetime tennent
Say they live for 20 years as people in that situation live much longer than normal people, see R Mugabe for another example
You are paying £600k. Lease extension will be somewhere in the region of £1.5m+
Then you have to wait 20 years before you can let it out, move in, sell it etc.
On top of that probably £10k a year service charge
Plus you are a landlord having to sort out st all the time for some old duffer who is probably paying less in rent than the service charge
It's not worth a penny IMO plus it looks gash

I imagine the "tenant" and the seller are the same person.

i.e current owner needs cash to feed addiction to useless garish tat. So the deal is some mugs pays them £600k now, mug gets £400pw rent, then flat reverts to sellers family when seller dies.

[irocfan]

Carbon Sasquatch said:

PositronicRay said:

https://www.rightmove.co.uk/property-for-sale/prop...

This one popped up in my feed.

Almost 1/2 million.

I thought it must be a typo, but sold prices seem to indicate not....

Nothing hugely nightmare, but so uninspiring and the price seems nuts - I must be missing something special about the location.....

1/2mil for that blandness? Not far away enough from the sthole that is Birmingham and the other sthole that is Coventry for that sort of wedge surely?

[Doofus]

Escort3500 said:

Doofus said:

Escort3500 said:

I had the the same reaction. Is Kenilworth really that desirable? (I don’t know the area at all).
The house is mundane, and there’s nothing that would make me want to view it if we were relocating to this part of Warwickshire.

Desirable/Convenient.

You choose

I’m sure I could find something nicer and cheaper in the county (even though I don’t know it well )

Oh, you absolutely could. I was just commenting on the house value bubble that is Kenilworth.

[Escort3500]

Doofus said:

Escort3500 said:

Doofus said:

Escort3500 said:

I had the the same reaction. Is Kenilworth really that desirable? (I don’t know the area at all).
The house is mundane, and there’s nothing that would make me want to view it if we were relocating to this part of Warwickshire.

Desirable/Convenient.

You choose

I’m sure I could find something nicer and cheaper in the county (even though I don’t know it well )

Oh, you absolutely could. I was just commenting on the house value bubble that is Kenilworth.

[Rostfritt]

PositronicRay said:

https://www.rightmove.co.uk/property-for-sale/prop...


This one popped up in my feed.

Almost 1/2 million.

Does a boy wizard live under the stairs or something?

I had to look it up, but that is nowhere near, in location or appearance, the Harry Potter house. It just looks incredibly mundanely middle England in every way. If you zoom out on Google Maps, the marker pin is literally in the middle of the word England.

[Doofus]

Rostfritt said:

Does a boy wizard live under the stairs or something?

I had to look it up, but that is nowhere near, in location or appearance, the Harry Potter house. It just looks incredibly mundanely middle England in every way. If you zoom out on Google Maps, the marker pin is literally in the middle of the word England.

The actual middle of England is five or so miles from there. A place called Meriden.

[Hugo a Gogo]

Doofus said:

The actual middle of England is five or so miles from there. A place called Meriden.

the old triumph factory?

[Doofus]

Hugo a Gogo said:

the old triumph factory?

Pretty much, yes.

[S1KRR]

"A superbly sized penthouse apartment "


https://www.zoopla.co.uk/for-sale/details/54613640

Do EAs get training in this?


ARF!

[Thankyou4calling]

Not looking to row but in what way is that a nightmare.

It’s well in excess of 1000sqft so it’s a big apartment and a keen price too.

What am I missing?

[classicaholic]

Thankyou4calling said:

Not looking to row but in what way is that a nightmare.

It’s well in excess of 1000sqft so it’s a big apartment and a keen price too.

What am I missing?

Might help if you were missing 1 leg!

[Escort3500]

Utterly charmless. Collared ceilings so you have to stoop in some of the rooms, cheap looking fittings and a scruffy communal car park. The only factor slightly in its favour is it’s reasonably spacious.

[ColdoRS]

Doofus said:

Escort3500 said:

Doofus said:

Escort3500 said:

I had the the same reaction. Is Kenilworth really that desirable? (I don’t know the area at all).
The house is mundane, and there’s nothing that would make me want to view it if we were relocating to this part of Warwickshire.

Desirable/Convenient.

You choose

I’m sure I could find something nicer and cheaper in the county (even though I don’t know it well )

Oh, you absolutely could. I was just commenting on the house value bubble that is Kenilworth.

Go on then, as a total ignoramus - what is special about Kenilworth? Lots of trendy Indy shops and businesses? A big companies HQ there? No council estates? Must be some attraction to bolster the house prices.

[Doofus]

ColdoRS said:

Go on then, as a total ignoramus - what is special about Kenilworth? Lots of trendy Indy shops and businesses? A big companies HQ there? No council estates? Must be some attraction to bolster the house prices.

It calls itself a village. It's well located, if you like sitting in traffic to and from work. It's in Warwickshire, close to Leamington, Warwick and Stratford.

Other than that, I don't fking know! I didn't decide it's desirable, I just pointed out that it is!

[irocfan]

maybe not a nightmare per se - but 450 for a flat in a converted pub doesn't really work for me...

https://www.zoopla.co.uk/for-sale/details/54095102...


edited for fat fingers

Edited by irocfan on Monday 6th April 10:20

[RC1807]

I thought it looked quite nice
I don't understand the comment about "converted within converted"
(ETA : where I live that would be €750k!)

[Boz123]

plan view looks somewhat like a Coronavirus

Possibly posted before...

[Escort3500]

irocfan said:

maybe not a nightmare per se - but 450 for a flat in a converted flat doesn't really work for me...

https://www.zoopla.co.uk/for-sale/details/54095102...

Another “penthouse” in the same category as the Sutton one above (ie an attic with awkward ceilings and limited daylight and outlook). Additional points here for the B&Q interior decor.

[markjmd]

Boz123 said:

plan view looks somewhat like a Coronavirus

Possibly posted before...

Is this listed under nightmares solely because they didn't think to put in a lift?

[Chris Type R]

markjmd said:

Boz123 said:

plan view looks somewhat like a Coronavirus

Possibly posted before...

Is this listed under nightmares solely because they didn't think to put in a lift?

It does resemble Coronavirus, but I do like that property.

Looking at google maps, it's massive.

Edited by Chris Type R on Monday 6th April 09:48