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Property Ladder - C4

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  • Did you notice how much weight the sensible one had lost by the time they had their 'final chat and valuations'....I think that relationship was more strained than they showed on telly

    Has anyone found out whether the 70's house with the steep garden has sold yet?
  • Did you notice how much weight the sensible one had lost by the time they had their 'final chat and valuations'....I think that relationship was more strained than they showed on telly

    Has anyone found out whether the 70's house with the steep garden has sold yet?

    Good morning: The Coalbrookdale property is on with two agents but hasn't sold... http://www.rightmove.co.uk/viewdetails-17333525.rsp?pa_n=3&tr_t=buy

    HTH

    Canucklehead
    Ask to see CIPHE (Chartered Institute of Plumbing & Heating Engineering)
  • dunstonh
    dunstonh Posts: 119,662 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I have watched this programme a couple of times now and what I find surprising (or perhaps not) is that the costs in buying and selling the house tend not to be included in the profit figures.

    Estate agents and solicitors fees along with capital gains tax (for those not living in it whilst they improve things) dont seem to get a mention. It just seems to be the difference between price bought, building costs and price sold.

    Only once I have heard monthly mortgage payments being mentioned as a cost that ought to be included.

    If these things were taken into account, the actual profits would be wiped out on some of these. Of course, that would probably put a lot of people off and the programme could lose viewers as less people would be interested in it.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • dunstonh wrote: »
    I have watched this programme a couple of times now and what I find surprising (or perhaps not) is that the costs in buying and selling the house tend not to be included in the profit figures.

    Estate agents and solicitors fees along with capital gains tax (for those not living in it whilst they improve things) dont seem to get a mention. It just seems to be the difference between price bought, building costs and price sold.

    They don't detail it (because it's frankly boring), but they do include it in the overall "budget" - all lumped into the category "fees" (includes mortgage interest, buying/selling costs).

    The only thing that is left to be deducted is the capital gains tax from the final profit (if it exists).
    Mortgage | £145,000Unsecured Debt | [strike]£7,000[/strike] £0 Lodgers | |
  • Just to clear up some misconceptions

    The property was only 3/4 finished when filmed two months ago when shown on TV, it has only just recently been finished and put on the market. A number of rooms were not in a state to be seen on TV or the buying public for example the rear garden was still a building site, the majority of filming was in the smaller bedroom, single was thrown onto the patio area to give the appearance of being finished

    We have had valuations of 2 x 1.2 mill and 1 x 1.3m including one agent that changed his mind on camera and reduced to 1.1 m. A lot of people will market their property for the highest valuation so are we in the wrong by dong so ?

    The estate that was shown is not and never has been a council estate but has been in private ownership since the 1930's and is in walking distance of the Thames with it's pubs and also walking distance tio Chiswick's bars and restaurants.

    PL's surveyor only ended up suggesting putting in a few more acro props not exactly discounting the existing acro prop solution that was already in place

    The area is not as noisy as portrayed on the programme, they showed the same shot of the tube at least twice.

    A 5 bed house converted into bedsits has recently been sold for more than we want to people that want to convert it back into a family home, this is positioned closer to the main road than we are.

    It has been next to impossible to get any planning for anything apart for a basement for the property.

    The idea of two flats was ruled out, if you owned the bottom flat would you want someone peering at you through the skylights and into your private patio area from the balcony ?

    Also, thanks for the critical personal comments we may of been on TV and be asking for it but at the end of the day we are still human beings

    Richard
  • Thanks for the viewpoint from the other side. It's obvious that PL manipulate things to make a 'good' programme.
  • RichardNL wrote: »
    Just to clear up some misconceptions

    The property was only 3/4 finished when filmed two months ago when shown on TV, it has only just recently been finished and put on the market. A number of rooms were not in a state to be seen on TV or the buying public for example the rear garden was still a building site, the majority of filming was in the smaller bedroom, single was thrown onto the patio area to give the appearance of being finished

    We have had valuations of 2 x 1.2 mill and 1 x 1.3m including one agent that changed his mind on camera and reduced to 1.1 m. A lot of people will market their property for the highest valuation so are we in the wrong by dong so ?

    The estate that was shown is not and never has been a council estate but has been in private ownership since the 1930's and is in walking distance of the Thames with it's pubs and also walking distance tio Chiswick's bars and restaurants.

    PL's surveyor only ended up suggesting putting in a few more acro props not exactly discounting the existing acro prop solution that was already in place

    The area is not as noisy as portrayed on the programme, they showed the same shot of the tube at least twice.

    A 5 bed house converted into bedsits has recently been sold for more than we want to people that want to convert it back into a family home, this is positioned closer to the main road than we are.

    It has been next to impossible to get any planning for anything apart for a basement for the property.

    The idea of two flats was ruled out, if you owned the bottom flat would you want someone peering at you through the skylights and into your private patio area from the balcony ?

    Also, thanks for the critical personal comments we may of been on TV and be asking for it but at the end of the day we are still human beings

    Richard

    Good afternoon: Have you had any reasonable offers?

    Canucklehead
    Ask to see CIPHE (Chartered Institute of Plumbing & Heating Engineering)
  • jonewer
    jonewer Posts: 1,485 Forumite
    RichardNL wrote: »
    we may of been on TV and be asking for it but at the end of the day we are still human beings

    Ha! Prove it!

    And yes, you were on TV and yes, you are asking for it.

    If you dont want people talking about you and your personal life then, dont go on TV for all the world to see.

    homer4.jpg
    Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!
  • sooz
    sooz Posts: 4,560 Forumite
    Were your 15 mins over too quickly for you? :D
  • jonewer
    jonewer Posts: 1,485 Forumite
    Further to the above, it obvious to me that you DO want people to be talking about you. Why else would you invite a television crew in to film your personal life?

    Except the kind of talk that is going on is not the kind you wanted. Instead of everybody bowing and scraping for the masterful millionare property developer genius you imagine yourslef to be (poor deluded fool), people are laughing and slapping their knees at your buffoonery and incompetence. What you have here is society holding up a mirror that shows a true image of yourself, not the rose tinted one you normally look through, and you dont like it.
    Mortgage debt - [STRIKE]£8,811.47 [/STRIKE] Paid off!
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