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Newbuild flat nearly dbled in price in 4 years?

neverdespairgirl
neverdespairgirl Posts: 16,501 Forumite
in House buying, renting & selling
There's an optimist born every minute. But these sellers take optimism to an entirely new level!

These two flats were new in 2006.

http://www.primelocation.com/uk-property-for-sale/details/id/STCKA728925

http://www.primelocation.com/uk-property-for-sale/details/id/EASHA771

they were sold in Jan 06 for £420k and £430k.

Now the seller(s) want £735k and £750k for them! Seems pretty optimistic to me, even in this neck of the woods.

By comparison, a flat in the same road sold for £250k in March 06, and £317k in Sept. 09
...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
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Comments

  • mynameisdave
    mynameisdave Posts: 1,284 Forumite
    The flat in the same road could have been studio, or 1 bedroom. Granted its still a optimistic price increase but 3 bedroom flats aint exactly cheap.
  • cashbackproblems
    cashbackproblems Posts: 1,826 Forumite
    cant be bothered to double check but if its in central then i wouldnt be surprised, however looking at the pics it probably wont sell for anywhere near that, if i personally cud afford to pay 750k id buy a nice house on the outskirts of london.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    mynameisdave wrote: »
    The flat in the same road could have been studio, or 1 bedroom. Granted its still a optimistic price increase but 3 bedroom flats aint exactly cheap.

    It could indeed - but it was the difference in price between the two sales that I had in mind.

    Also, the "3 bed" seems a bit cheeky, too. It's pretty small.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    cashbackproblems wrote: »
    cant be bothered to double check but if its in central then i wouldnt be surprised, however looking at the pics it probably wont sell for anywhere near that, if i personally cud afford to pay 750k id buy a nice house on the outskirts of london.

    Bang in the middle of town - but still overpriced!
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • mynameisdave
    mynameisdave Posts: 1,284 Forumite
    MadnessOfHPC wrote: »
    Fill your boots. You can't go wrong with bricks and mortar. Renting is officially dead money.

    People who bought in 2008 and have been paying interest on houses that are worth less than they paid would disagree.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    The added value you get from painting everything a neutral colour shouldn't be underestimated.
    Magolia paint was to blame for the housing boom.

    It has been incredibly un-eco-friendly though with every man and his terrier ripping out bathrooms and putting a new one in and slapping paint about.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    Aren't the two links for the same flat or do they all have that picture of a yank car on the wall? How very 'exclusive'.
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    They do appear to be the same apartment.
    "You were only supposed to blow the bl**dy doors off!!"
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    LandyAndy wrote: »
    Aren't the two links for the same flat or do they all have that picture of a yank car on the wall? How very 'exclusive'.


    I thought that, but they aren't. Very similar, yes. One's flat 4, the other flat 5, different floors.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • LandyAndy
    LandyAndy Posts: 26,377 Forumite
    Part of the Furniture 10,000 Posts
    neverdespairgirl wrote: »
    I thought that, but they aren't. Very similar, yes. One's flat 4, the other flat 5, different floors.

    It's the blue square on the reception room wall in one that is a give away as well.

    I think we can assume they are owned by the same person who bought a job lot of yank motor pictures, sofas, dining tables etc:rotfl:.
This discussion has been closed.
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