The "have a look at this!" thread II

Slinky

Running_Horse wrote: »

You can buy my house for £2.3 million...

http://www.rightmove.co.uk/property-for-sale/property-58809883.html

...but you can't live in it for five years.

Marvellous, so you save a chunk of stamp duty costs on the purchase price, but presumably you'll cop for a load extra anyway as you won't be able to reclaim the extra 3% you'll be paying on the purchase price because you can't move in for 5 years. And you'd be paying 40% tax on the rental income if you went down that route.

Madness IMO.

moneyistooshorttomention

I'm just wondering how the conversation in that house went before they came up with an off the wall "how to sell it" idea like that.

Maybe something along the lines of "We seriously need some capital now and can't think of a way to get any" - followed by "Well - if we're moving to our country home in 5 years time and planning on selling this house then anyway = wonder if we can release some capital now and still have our house for the 5 years we want it?"

Running_Horse

Might have worked when prices were rising and the market was white hot. But I bet the agent was inwardly groaning, knowing that kind of super rich buyer is not going to hang around for five years. Is it legally enforceable? Would normal rental laws allow for eviction, for example if they didn't look after the place?

Robin9

Post 21861

and how many bottles of shampoo can you use - photo 12

Davesnave

Robin9 wrote: »

Post 21861
http://www.rightmove.co.uk/property-for-sale/property-43806972.html
and how many bottles of shampoo can you use - photo 12

I'd ask Lewis Lovelle. He looks like a hairdresser, rather than an EA.

Mind you he knows the right sort of people: nudge, nudge, wink, wink....say no more! :cool:

moneyistooshorttomention

Robin9 wrote: »

Post 21861

and how many bottles of shampoo can you use - photo 12

Dare we ask what happened there? - as that post came up as 21868.

cazmanian_minx

Starbrite wrote: »

Drove past this wreak earlier in the week while on holiday...

http://www.rightmove.co.uk/commercial-property-for-sale/property-48087387.html

What am amazing hotel it would be, just needs a lot of love and deep pockets... sigh can but dream

Gorgeous If you want a Scottish one to add to the portfolio...don't know if it ever sold or not, but it didn't look like anyone was doing anything with it when I drove past it a couple of weeks ago.

http://www.rightmove.co.uk/property-for-sale/property-34152438.html

StumpyPumpy

Starbrite wrote: »

Been googling how to purchase a derelict hotel...

I can't stop thinking about it... shame those grand design and restoration man tv shows don't show you have to get the funding to achieve such a thing...

Lots of people have tried and failed. PP has been granted for a number of different schemes over the years but none have got further than that

"The property has been empty for more than a decade after several schemes to revamp the site failed to get off the ground"

It was sold to the current "developers" by an insolvency company when the previous owners went bankrupt which is probably a portent of things to come. There are major restrictions on what you can do to it as it is Grade II listed due to it being "a substantial early C19 villa retaining early character and detail", has major problems with access to the A487 (which, of itself, will cost a considerable sum to fix) and has even become a known* site as a bat roost.

* In the real world, "known" can be a lot more expensive to sort out than "unknown".

If you still want to chase your rainbows though, it's probably best to do some searches around the phrases "chalky pachyderm purchasing", "buying a pig in a poke", "money pit", "bargepole" and "bubble bursting." :cool:


SP

ChicaBonita

http://www.rightmove.co.uk/property-for-sale/property-60250063.html

Not too sure on the decor.....the red room and the bedroom are the highlights! Very Del Boy

Slinky

ChicaBonita wrote: »

http://www.rightmove.co.uk/property-for-sale/property-60250063.html

Not too sure on the decor.....the red room and the bedroom are the highlights! Very Del Boy

That's a real house of 2 halves isn't it? Pics 1-5 seem like one house, 6 onwards are totally different decor!