Property Snakes and Ladders; 2009

Jazzie99

PasturesNew wrote: »

Well, you lot were a no show weren't you.

So, overview time:

Property 1: Shere, Surrey. 400 year old semi-derelict semi-detached cottage.
Paid: £346k
Budget: £115k
Target Sale: £550k
Spent: £141k
Agent Valuations: £495k, £500k
Put on market at: £540k
Six months later, they put it up for rent at £1600/month

Now available on Rightmove.... for .... £1,395/month!!!!!

PasturesNew

Jazzie99 wrote: »

Now available on Rightmove.... for .... £1,395/month!!!!!

Yes, as I said above, it's on with SEVEN agents:
http://www.rightmove.co.uk/property-to-rent/find.html?locationIdentifier=POSTCODE^358381

dopester

The couple with the bath... banker and solicitor or stockbroker couple. All they seemed to do was buy top-end stuff for it then disappear off-site. Glum faces at £495K valuation, which would have put them £13K ahead (without selling costs.)

"I'd do another. Interior design is my passion." - the other glorying about interest rates being low in recession (neglecting the opposite reaction being capital values plummeting) - .... you're going to get an education.

The other couple just as idiotic for not cutting and running with possibly a £100K-£150K or more profit (can't remember) - and deciding to rent it.

fc123

Catching up on this episode tomo...currrently waiting for Mary Portas in Money Programme about 'saving' indie retailers in Tewkesbury to come onto iplayer.

But thanks to the above posts, I know the endings now ;-)

Davesnave

PasturesNew wrote: »

Well, you lot were a no show weren't you.

So, overview time:

Property 1: Shere, Surrey. 400 year old semi-derelict semi-detached cottage.
Paid: £346k
Budget: £115k
Target Sale: £550k
Spent: £141k
Agent Valuations: £495k, £500k
Put on market at: £540k
Six months later, they put it up for rent at £1600/month

Well, we knew you'd give us the low down, see.;)

I was actually looking forward to your comments on this pair of muppets. From what I saw, their wonderful design skills enabled them to create, among other things, a shower for anorexic gnomes. Mind you the production team missed out on a trick there, as Beeny's 'accident' with the shower could so easily have led to a wet T-shirt...........

By the look of it, they are still desperate to rent the place out, having pooh-poohed any suggestion that they might cut & run. It had all been so much effort for such a small return, despite the fact that they'd hardly been there during much of the build.

Final words of the daft arty bimbo were to the effect that: 'We'll just sit and wait for prices to rise again.'

The sad thing is, that might happen sooner than many of us wish, bearing in mind the location.

confused31_2

The couple who decided to keep the house and rent it out made me laugh when she said i know what i want, im a interior designer and we will do it again:rolleyes:

Her eyes told you the story, she looked like she was going to burst into tears, and now its on with seven agents :eek:

no wonder her eyse were filling up.

Mozette

Stupid bathroom in the cottage. Normal bath and a proper separate shower would have been so much better. I couldn't have bought a done up house that I'd need to change the bathroom of.
Silly people.

Still love the "but we've done this house, it's therefore so special that people will queue round the block to pay over the odds for it"

NO THEY WON'T!!!

dopester

Davesnave wrote: »

Mind you the production team missed out on a trick there, as Beeny's 'accident' with the shower could so easily have led to a wet T-shirt...........

:rotfl:

The sad thing is, that might happen sooner than many of us wish, bearing in mind the location.

Checking 1 mile from their postcode, 3 or 4 pages of homes, with property-bee showing asking prices being slashed.

confused31 wrote: »

The couple who decided to keep the house and rent it out made me laugh when she said i know what i want, im a interior designer and we will do it again:rolleyes:

Problem is.. she wasn't. Beeny didn't think much of her bathroom choice. She was just another person who likes buying top-end stuff from high-end stores. She was actually a banker or stockbroker, or something similar... not a property-developer or interior designer.

wymondham

Excuse my ignorance, but are there really people who would pay £1,300 rent for a 'designer' house?

amcluesent

> She was actually a banker or stockbroker, or something similar... not a property-developer or interior designer.<

Bet her partner wasn't too chuffed - wasn't he 'in' IT or something? I was laughing at his comment that the 'good' outcome of the recession was low interest rates. They'll really be in bother now as IRs are rising...

TBH, seeing has how peeps are utter amateurs and still manage something, I'm thinking how hard can property development be? I know it's radical, but ideas such as 'a plan', 'scale drawings' and 'project management' could be part of it.

Also, given that Google Sketchup is free, why don't these people model their 'designs' and see right away that only a child can use the shower. Numpties.