Real Estate nightmares (Vol 2)

[Tango13]

DodgyGeezer said:

riskyj said:

Minor renovation required

https://www.rightmove.co.uk/properties/149999981

"...GREAT POTENTIAL FOR CAPITAL GROWTH..." given that the ceiling price for the area seems to be 280k there doesn't seem to be a lot of wriggle room to make a lot of ££

How does insurance work when you're trying to insure a house that has been repaired after being badly damaged by fire and water? There must be concerns about unseen damage etc?

Surely that's just a building plot that needs to be taken back to ground zero before starting from scratch?

[ambuletz]

Tango13 said:

DodgyGeezer said:

riskyj said:

Minor renovation required

https://www.rightmove.co.uk/properties/149999981

"...GREAT POTENTIAL FOR CAPITAL GROWTH..." given that the ceiling price for the area seems to be 280k there doesn't seem to be a lot of wriggle room to make a lot of ££

How does insurance work when you're trying to insure a house that has been repaired after being badly damaged by fire and water? There must be concerns about unseen damage etc?

Surely that's just a building plot that needs to be taken back to ground zero before starting from scratch?

Why do i have a feeling that someone would probably buy it, level it, then try and squeeze in 2 one-bedroom 'first time buyer' homes onto the plot. Like what was posted on here previously.

[NomduJour]

Picture 5, my goodness.

https://www.rightmove.co.uk/properties/148679903#/...

[Bonefish Blues]

Have they still not sorted that bathroom?

[Pit Pony]

NomduJour said:

Picture 5, my goodness.

https://www.rightmove.co.uk/properties/148679903#/...

In 1988, I bought a 145/? X 10 inch remould tyre for a mini 850 from a place down that road. £14 or there abouts. I remember because it was the price of 2 pints more than my weekly rent.

[RSTurboPaul]

Bonefish Blues said:

Have they still not sorted that bathroom?

I don't even know how you'd deal with a toilet full up with excrement.



Get professional cleaners in, I guess lol

[AlexGSi2000]

ambuletz said:

Why do i have a feeling that someone would probably buy it, level it, then try and squeeze in 2 one-bedroom 'first time buyer' homes onto the plot. Like what was posted on here previously.

There is a property in similar circumstances near me. Constructed in 2017, caught fire around a year ago.
House was part of a development that was seen as being quite affluent - however it was one of the smaller homes - I always remember them being very overpriced.

Its been unsold for quite a while, due to the plot of land being quite small. House was completely destroyed with only the carcass remaining, so would need to be rebuilt (semi-detached).

They are wanting top dollar, when I think the land at best is probably worth around £50k.

Fire happened not long after it sold the last time - to be fair, I think I would have set fire to it as well after paying that much.

Edited by AlexGSi2000 on Wednesday 10th July 09:55

Edited by AlexGSi2000 on Wednesday 10th July 09:56

[GIYess]

AlexGSi2000 said:

There is a property in similar circumstances near me. Constructed in 2017, caught fire around a year ago.
House was part of a development that was seen as being quite affluent - however it was one of the smaller homes - I always remember them being very overpriced.

Its been unsold for quite a while, due to the plot of land being quite small. House was completely destroyed with only the carcass remaining, so would need to be rebuilt (semi-detached).

They are wanting top dollar, when I think the land at best is probably worth around £50k.

Fire happened not long after it sold the last time - to be fair, I think I would have set fire to it as well after paying that much.

Edited by AlexGSi2000 on Wednesday 10th July 09:55

Edited by AlexGSi2000 on Wednesday 10th July 09:56

over 300 grand for a burnt out shell on a postage stamp!? Wonder why they had no insurance.

[SmoothCriminal]

Not so much a nightmare but an absolute piss take.

Bought last year for £875k
Up for offers in excess of £1 mill.
Take away most of the garden to build another dwelling.

https://www.rightmove.co.uk/properties/146279003?u...

[RC1807]

SmoothCriminal said:

Not so much a nightmare but an absolute piss take.

Bought last year for £875k
Up for offers in excess of £1 mill.
Take away most of the garden to build another dwelling.

https://www.rightmove.co.uk/properties/146279003?u...

Indeed.
Need updating.
Carpet in bathrooms - yuck!

Garden's been cut in half and a building plot created for the current owners?
The value's been reduced in reality, not increased!

[PositronicRay]

RSTurboPaul said:

Bonefish Blues said:

Have they still not sorted that bathroom?

I don't even know how you'd deal with a toilet full up with excrement.



Get professional cleaners in, I guess lol

Let it solidify 1st.

[DodgyGeezer]

SmoothCriminal said:

Not so much a nightmare but an absolute piss take.

Bought last year for £875k
Up for offers in excess of £1 mill.
Take away most of the garden to build another dwelling.

https://www.rightmove.co.uk/properties/146279003?u...

Comedy garage too

[.:ian:.]

NomduJour said:

Picture 5, my goodness.

https://www.rightmove.co.uk/properties/148679903#/...

Honda Prelude out the front, not seen one of those for a while

[Du1point8]

PositronicRay said:

Kowalski655 said:

This one might need a bit of a clean.
https://www.rightmove.co.uk/properties/148679903#/...
Don't look at pic #5 on a full stomach

Trying not to dwell on pic 5, that's an interesting collection of clutter.

To be honest if the sold prices are anything to go via, if you got that for anywhere near £80,000 you would be on to a good flip

[ferret50]

Du1point8 said:

PositronicRay said:

Kowalski655 said:

This one might need a bit of a clean.
https://www.rightmove.co.uk/properties/148679903#/...
Don't look at pic #5 on a full stomach

Trying not to dwell on pic 5, that's an interesting collection of clutter.

To be honest if the sold prices are anything to go via, if you got that for anywhere near £80,000 you would be on to a good flip

Full skip for each room at £250 a skip, there might even be a turd worth pickling for posterity!

[CanAm]

SmoothCriminal said:

Not so much a nightmare but an absolute piss take.

Bought last year for £875k
Up for offers in excess of £1 mill.
Take away most of the garden to build another dwelling.

https://www.rightmove.co.uk/properties/146279003?u...

And it was previously even higher than that. Reduced in May!!

[Puzzles]

SmoothCriminal said:

Not so much a nightmare but an absolute piss take.

Bought last year for £875k
Up for offers in excess of £1 mill.
Take away most of the garden to build another dwelling.

https://www.rightmove.co.uk/properties/146279003?u...

Jokers, much better out there for around that amount.

[Sy1441]

Tango13 said:

How does insurance work when you're trying to insure a house that has been repaired after being badly damaged by fire and water? There must be concerns about unseen damage etc?

Surely that's just a building plot that needs to be taken back to ground zero before starting from scratch?

I nearly bought that house about 10 years ago, albeit it had a roof etc at the time!

[Indecision]

I feel like this has been on here already, but maybe I’m confusing it with another one similar. Wonder how often you’ll get blocked in by your neighbours?

https://www.rightmove.co.uk/properties/86939541

[dxg]

GIYess said:

AlexGSi2000 said:

There is a property in similar circumstances near me. Constructed in 2017, caught fire around a year ago.
House was part of a development that was seen as being quite affluent - however it was one of the smaller homes - I always remember them being very overpriced.

Its been unsold for quite a while, due to the plot of land being quite small. House was completely destroyed with only the carcass remaining, so would need to be rebuilt (semi-detached).

They are wanting top dollar, when I think the land at best is probably worth around £50k.

Fire happened not long after it sold the last time - to be fair, I think I would have set fire to it as well after paying that much.

Edited by AlexGSi2000 on Wednesday 10th July 09:55

Edited by AlexGSi2000 on Wednesday 10th July 09:56

over 300 grand for a burnt out shell on a postage stamp!? Wonder why they had no insurance.

If the houses either side went halves on it, they could both have nice gardens and expansion potential...