DaveR's Interesting Properties Thread

[Trojan]

I wonder if Six Piers will put in a bid?   

They will have to change their name if they buy it.

[DaveR]

Their name should be Four Piers Ltd now if they wanted to be accurate, being as they have sold Southsea and Blackpool North this year.   

[DaveR]

A two bedroom seafront apartment in Craig Y Don. Yours for £109,950 - reduced by £55,000!!! Looks very nice inside. I might make this one Dave's BARGAIN OF THE WEEK.

http://www.dezrez.com/DRApp/Search.ASP?WCI=Particular&WCE=002208597
http://www.rightmove.co.uk/property-for-sale/property-19280238.html

[Fester]

Its only leasehold... its not worth it.

Property has to fall another 50 to 60% to be viable, when you look at the earnings 'stagnation' and the lack of available borrowing.

The good times are well and truly over.

[DaveR]

It's probably a 999 year Lease, so a virtual freehold.

Nearly all flats/apartments are Leasehold...and do you know why?

[Nemesis]

Alot are owned and maintained round here by Mostyns. Only thing is they don't practice what they preach on their terms of lease. Mostyn flats that I can see from my front window haven't had the rendering painted in the last 13 years---"Exterior areas of the property must be painted every 4 years to a colour scheme approved by Mostyn Estates".
 Phoo piffle !

[Llechwedd]

Yeah I remember years ago Mostyns trying to stop my Mother having the window frames of our house in Tudno Street painted pale pink and cream she ignored them.  George Hiller had purple paint on his!

[DaveR]

How about a 4 bedroom farmhouse in Llysfaen for £50,000?

http://www.rightmove.co.uk/property-for-sale/property-34283180.html

[Fester]

How about a 4 bedroom farmhouse in Llysfaen for £50,000?

http://www.rightmove.co.uk/property-for-sale/property-34283180.html

Interesting, thats the same price as that entirely derelict one-bedroom terraced cottage on the Gt Orme,  no comparison.

[DaveR]

The Economist is saying that house prices in the UK are still overvalued by 27%.  In the USA, houses are now undervalued by 11%, following a 33% fall since 2006.  These figures are calculated against a long term average of price to rents ratio.

[Ian]

The Economist is saying that house prices in the UK are still overvalued by 27%.

 


That's probably about right for most of the UK and it'll be even  more for London, I'm guessing.

[DaveR]

The Balmoral Apartments have just been released for sale, with a 3 bedroom apartment for £150k. It's the old Balmoral Holiday Flats building at the corner of Trinity Square. They had a load of Chinese workmen in to carry out all the building work.
http://www.rightmove.co.uk/property-for-sale/property-30847210.html

[Michael]

Are you serious about the Chinese builders?

[DaveR]

Are you serious about the Chinese builders?

Yep. I only ever saw Chinese men working on the property, didn't look as if they spoke English to me. Probably a very cheap way of getting the job done.

[Fester]

Hmm, it will make for velly interesting meetings when the Building Control inspectors turn up at each of the six required stages.