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The "have a look at this!" thread II

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Comments

  • od244051
    od244051 Posts: 1,054 Forumite
    500 Posts First Anniversary Name Dropper I've been Money Tipped!
    Splatfoot wrote: »

    £2.5m for that heap?
  • Patr100
    Patr100 Posts: 2,773 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 11 January 2020 at 12:19AM
    od244051 wrote: »
    £2.5m for that heap?

    Pricey (and may be a negotiate down price) but since flats in that mews have gone for around £1.5 million
    and that full land plot might yield 2 or more separate flats (subject to permissions ) then an experienced developer could make a tidy profit.
  • Splatfoot
    Splatfoot Posts: 593 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    od244051 wrote: »
    £2.5m for that heap?
    Patr100 wrote: »
    Pricey (and may be a negotiate down price) but since flats in that mews have gone for around £1.5 million
    and that full land plot might yield 2 or more separate flats (subject to permissions ) then an experienced developer could make a tidy profit.

    I actually really like it. No garden though..
  • GDB2222
    GDB2222 Posts: 26,194 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    It’s an expensive part of London. This is a building site, not a house.
    Potentially a 2000+ sq ft house on the site. Building cost maybe £500k.

    Will the end product be worth £3m? Probably not, so the asking price for the site looks a bit high. Perhaps the sellers are hoping somebody will come along with more money than sense, who fancies a vanity project that will end up in one of the glossy magazines?

    So, as Patr says, there’s room for negotiation.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Dandie89
    Dandie89 Posts: 904 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    FreeBear wrote: »
    Loving the cellar in this place, and the mind is overdrive thinking about what could be done with the space :p
    https://www.rightmove.co.uk/property-for-sale/property-84423518.html

    Break your neck carrying food down those steps to the dining table?
  • Patr100 wrote: »
    Pricey (and may be a negotiate down price) but since flats in that mews have gone for around £1.5 million
    and that full land plot might yield 2 or more separate flats (subject to permissions ) then an experienced developer could make a tidy profit.

    18a and 18b went for £2.6m combined, if you go into the roof and dig out a basement you could get 4 flats on that site.

    I presume the new pipe added through the lounge is to drain the roof leak :rotfl:
    A kind word lasts a minute, a skelped erse is sair for a day.
  • Splatfoot wrote: »
    Found some recentish planning :)
    11 Pindock Mews
    Please put out food and water for the birds and hedgehogs :)
  • Patr100
    Patr100 Posts: 2,773 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    SuperMoose wrote: »
    Found some recentish planning :)
    11 Pindock Mews

    Hmm someone is trying it on - the original proposal was for only:
    Alterations to existing pitched roof to create roof extension including installation of two dormer windows to the front elevation and two dormer windows to the rear elevation.

    but the plans are for a complete rebuild


    Other issues
     Description incorrect -proposal is effectively a complete rebuild;
     Errors in drawings - rear windows shown on existing drawings are larger than they actually are, existing dormers not shown where they are and existing chimney to party wall with number 12 not shown on existing drawings;
     Inconsistency between drawings;
     Request condition preventing any piping, guttering or noise emissions to rear wall;
     Site location plan shows wrong building;
     Devalue property in the area.

    -
  • Skiddaw1
    Skiddaw1 Posts: 2,268 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper Photogenic
    Splatfoot wrote: »
    I actually really like it. No garden though..


    Me too. :)
  • Patr100
    Patr100 Posts: 2,773 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    GDB2222 wrote: »
    It’s an expensive part of London. This is a building site, not a house.
    Potentially a 2000+ sq ft house on the site. Building cost maybe £500k.

    Will the end product be worth £3m? Probably not, so the asking price for the site looks a bit high. Perhaps the sellers are hoping somebody will come along with more money than sense, who fancies a vanity project that will end up in one of the glossy magazines?

    So, as Patr says, there’s room for negotiation.

    Been on Rightmove since Feb 2018 at that price.
    No takers or reduction in 2 years.
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