Show us your real estate pawn (vol 3)

Show us your real estate pawn (vol 3)

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Doofus

25,855 posts

174 months

Thursday 16th November 2017
quotequote all
R66bby said:
Does this count? I’d love to win this. Not sure about 600mile commute I would have to do for work tho.

https://www.winamansionforchristmas.com
And after the first 12 months, you're stuck with a house which obviously won't sell, and costs a fortune to maintain.

The absolute definition of 'poisoned chalice' if you ask me.

57 Chevy

5,411 posts

236 months

Thursday 16th November 2017
quotequote all
R66bby said:
Does this count? I’d love to win this. Not sure about 600mile commute I would have to do for work tho.

https://www.winamansionforchristmas.com
Interesting, was up for sale for 1.7m

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

57 Chevy

5,411 posts

236 months

Thursday 16th November 2017
quotequote all
Doofus said:
And after the first 12 months, you're stuck with a house which obviously won't sell, and costs a fortune to maintain.

The absolute definition of 'poisoned chalice' if you ask me.
I think it will sell, just not for the amount that the people who own it have invested in it. I'm sure you could drop the price to £1M someone would take it off your hands, hardly a poisoned chalice.

Uppercut

118 posts

79 months

Thursday 16th November 2017
quotequote all
57 Chevy said:
R66bby said:
Does this count? I’d love to win this. Not sure about 600mile commute I would have to do for work tho.

https://www.winamansionforchristmas.com
Interesting, was up for sale for 1.7m

http://www.rightmove.co.uk/property-for-sale/prope...
What looks like an outdoor hot tub indoors?

Doofus

25,855 posts

174 months

Thursday 16th November 2017
quotequote all
57 Chevy said:
I think it will sell, just not for the amount that the people who own it have invested in it. I'm sure you could drop the price to £1M someone would take it off your hands, hardly a poisoned chalice.
I'd be concerned about how long it would take to sell. After the first 12 months, you're on your own in terms of running costs, and I get the impression that even one month of that will be costly.

I do appreciate that, as long as you sell it for more than £25 (plus agent's fees), then you've not lost anything, but the potential downside is one hell of a risk. At least, it would be for me.

57 Chevy

5,411 posts

236 months

Thursday 16th November 2017
quotequote all
Doofus said:
I'd be concerned about how long it would take to sell. After the first 12 months, you're on your own in terms of running costs, and I get the impression that even one month of that will be costly.

I do appreciate that, as long as you sell it for more than £25 (plus agent's fees), then you've not lost anything, but the potential downside is one hell of a risk. At least, it would be for me.
In the terms and conditions it seems to indicate running cost is £5K a month so that is a high cost.

It did sell for £1,375,000 in 2009 though, presumably before all this work was done.

I think you could auction it off for at least £1M without too much worry.

DonkeyApple

55,455 posts

170 months

Thursday 16th November 2017
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Yup. If you win that then you'd have to look at your finances and make one of two calls:

Place it immediately on the market at a very fair price and be open to offers but knowing that this type of property can take up to two years to sell and that you would need to have the funds to bridge that gap. Or, stick it in the next suitable property auction and be done with it.

Any winner being either naive or greedy is going to get rinsed.

R66bby

145 posts

133 months

Thursday 16th November 2017
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Id stay there for the 12 months. Then put it on the market for £1m, surely would be able to take equity out of the house to cover the month costs until it sells.

9xxNick

929 posts

215 months

Sunday 19th November 2017
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Rather liked the look of this in Devon: http://www.rightmove.co.uk/property-for-sale/prope...

traxx

3,143 posts

223 months

tokyo_mb

432 posts

218 months

Sunday 19th November 2017
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Have we had Harford Manor ("...a 23,000 sq ft “superhome” with a further 10,000 sq ft of outbuildings, set in a 40 acre equestrian estate just outside Windsor, Berkshire.") yet?




Expensively produced marketing website, with 3D walkthrough of the whole house: https://harfordmanor.com (Plays music!)

Yours for offers in "Excess of £30,000,000" according to Savills.

rustyuk

4,585 posts

212 months

Sunday 19th November 2017
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Looks like a prison

Spice_Weasel

2,286 posts

254 months

Sunday 19th November 2017
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9xxNick said:
Rather liked the look of this in Devon: http://www.rightmove.co.uk/property-for-sale/prope...
That would do me. I’d happily take that on and take early retirement.

Rich_W

12,548 posts

213 months

Sunday 19th November 2017
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Minemapper

933 posts

157 months

Monday 20th November 2017
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tokyo_mb said:
Yours for offers in "Excess of £30,000,000" according to Savills.
For £30m, I want lines in the carpet. Shocking omission.

Blackpuddin

16,591 posts

206 months

Monday 20th November 2017
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rustyuk said:
Looks like a prison
My thoughts exactly.

Davey S2

13,097 posts

255 months

Monday 20th November 2017
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Blackpuddin said:
rustyuk said:
Looks like a prison
My thoughts exactly.
Change its name to La Catedral? I'm sure Escobart and his mates would have been quite happy there.

kentlad

1,089 posts

184 months

Monday 20th November 2017
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Spice_Weasel said:
That would do me. I’d happily take that on and take early retirement.
you take that & i'll take this, the garden strangely, is on the small side but i'd be more than happy with the low maintenance.

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

PeterY27

144 posts

107 months

Monday 20th November 2017
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http://www.rightmove.co.uk/property-for-sale/prope...

personally i think its an ugly pile of **** but views are very good and its had/has a couple of interesting owners

Bonefish Blues

26,849 posts

224 months

Monday 20th November 2017
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Is that Ulrikka J's place?
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