Homes Under The Hammer 2009

Browntoa

this one was in the last series I think

here

she was a "property developer" who had bought this in Hartlip ,Kent to develop and then was going to keep it and turn it into her familys house. Rode past there today and noticed the whole lots never been touched and is up for sale , wonder whats gone wrong

mystic_trev

bo_drinker wrote: »

Why is this type of drivel still on tv.

Actually that's what I would have said before I started watching it. I find it interesting and slightly educational in the way it points out some of the do's and don'ts at Auction. Also the Presenters basically go through looking at the Properties fairly much like I would, making a few points then finding out what the buyers suggestions are, not the other way round!

I'm thinking of buying some more rental properties, at Auction * later this year, and have found this program a useful insight.

* If I can find places that yield 8 - 10% gross

sjcollett

PasturesNew wrote: »

How aspirational.

I hear the real Sandbanks, Dorset, is starting to bomb now.

just saw your post - what have you heard? any links? news? Thanks.

PasturesNew

sjcollett wrote: »

just saw your post - what have you heard? any links? news? Thanks.

In trouble / Two repossessions
http://www.timesonline.co.uk/tol/money/property_and_mortgages/article5058404.ece
http://www.telegraph.co.uk/finance/personalfinance/borrowing/3330298/Exclusive-Sandbanks-hit-by-repossessions.html
http://www.dailymail.co.uk/news/article-1082174/Two-houses-repossessed-millionaires-row-Sandbanks.html?ITO=1490

emmamed

when is this on please?? tia

poppy10_2

Weekdays at 10am, but if you work like most of us you can find it on iPlayer.

PasturesNew

Browntoa wrote: »

this one was in the last series I think

here

she was a "property developer" who had bought this in Hartlip ,Kent to develop and then was going to keep it and turn it into her familys house. Rode past there today and noticed the whole lots never been touched and is up for sale , wonder whats gone wrong

Yes, this one was aired on 30 September 2008.

Two cottages with 3/4 acre of land. Guide price £350k, sold for £402k to Clare, a local mum.

It was a Grade II Listed 17th Century farmhouse, originally one property but now divided into two - and an old barn.

Cottage 1 was no original features, 2 beds; cottage 2 had some features and beams.

An agent on the programme suggested it could reach £600-650k if done up to a high standard as one home. £275-300k each if kept as two and done up.

ME9 7TH

Clare had spotted it one morning on the school run. She develops property, had eight at that time. She hadn't bought at auction before.

Her plan was to redesign it, extend it, make it flow as a family home.
Budget £100-150k

The revisit a year later showed nothing had been done. She was awaiting planning permission. She had had the PP and the Conservation Officer come round and look already.

Her budget had by then increased to £175-200k

At the revisit, the agents valued it at £675-725k and £900k (they asked two different agents).

Clare was of the opinion it would be worth more than £900k, but it was to be her main family home.

At the time I found her planning permission: http://www.swale.gov.uk/media/adobepdf/h%2Fh%2FWeekly_List_29.10.07.pdf

And her approval: http://www.swale.gov.uk/media/adobepdf/6%2Fq%2Fdecisions_register_dec_07.pdf

When the programme was aired, it wasn't on Rightmove.

Bought £402k + stamp duty + fees
Auction date June 2006: over 30 months of £400k mortgage interest
Architect/planning fees

Now for sale at an asking price of £375k

ShelleyC_2

PN I love the way you can get all the backgorund. If I ever need a fab researcher I'd hire you

spuds_2

Excellent research, PasturesNew. She already owned 8 properties? Maybe they were on 100% mortgages and now she can't remortgage them. Maybe a family split.

On a HUTH the other week, there was an oldish bloke buying a terrace to do up and rent. It said he had other houses all bought with 100% mortgages. The rental valuation didn't seem to cover the mortgage so I assume he was depending on capital growth. I think these are the BTL's that will find the next year or so more difficult.

PasturesNew

ShelleyC wrote: »

PN I love the way you can get all the backgorund. If I ever need a fab researcher I'd hire you

LOL. Thanks.

But, no, you wouldn't. HR would insist a researcher needs a degree :P