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Debate House Prices
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Government must do more on affordable housing
Comments
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Seems to be £38k in this but I've seen £33k in other reports. Some stuff on build costs too.
From that report, but importantly for only a 970 sq ft unit...
Build cost 58%
Land cost 21%
Sales cost 4%
Gross Margin (not net profit) 17%
And from elsewhere in the report, after other operations costs are paid, gross operating margin of 9%.“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
grizzly1911 wrote: »Big variations either side of that average.
Quite.
Which is why an average is used for discussing national prices.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
HAMISH_MCTAVISH wrote: »Quite.
Which is why an average is used for discussing national prices.;)
Fine use an average house price, closer to 90K (90sqm) from the breakdown you provide above, rather than a larger 4 bed detached. You chose to distort the model in your other thread."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
Graham_Devon wrote: »More like 50-60k from what I have seen.
I dunno where you get your "facts" from sometimes.
We held 65,264 plots in our UK short term land portfolio, representing
owned or controlled land with planning, or a resolution to grant
planning at 31 December 2011 (2010: 63,556). This is equivalent to 6.4
years of supply at current completion levels (2010: 6.4 years). The
average cost per owned plot in the short term land portfolio was £33k
at 31 December 2011 on the basis of allocating previous land write
downs against land value (2010: £31k). 39% of our short term owned
and controlled land portfolio is previously impaired, 15% acquired prior
to the downturn and unimpaired, 19% acquired since we re-entered
the land market in September 2009 and 27% originally sourced
through our strategic land portfolio
http://plc.taylorwimpey.co.uk/Resources/Documents/InvestorRelations/ReportAccounts/Taylor%20Wimpey_Rep%202011%20LR.pdf
pp17 of the actual report."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
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