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Location, next to a bus stop by some traffic lights near Epsom.
You only get one half of the toilets. The kitchen is in your front room and you have nearly one bedroom. No outside space and no chance of parking a car anywhere nearby.
Open plan kitchen/living room 18'0" x 12'1" (5.49m x 3.68m)
Downstairs cloakroom
Stairs to first floor
Bedroom 15'4" x 8'2" (4.67m x 2.49m )
Shower room
Outside bike store
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They've converted public toilets to a 'house'? 😯
I live just up the road so I'll have a guess at £250k.
They've converted public toilets to a 'house'?
Two houses!
[url= http://www.zoopla.co.uk/new-homes/details/38709758?search_identifier=47486ebe7248fbd77e71b18d14cd5b4b ]circa £300,000[/url] 😉
I've just found it on rightmove, but I'll let you all keep guessing.
Guessing 3
£300,000 😀
Yep. £300,000. Mental and pretend I didn't give the link!
£280k
Ladies or Gents half?
Surely it's a cottage?
P1ss take it's a dump
How long before this all goes pop? Prime London's already falling and everyone I know who's lived in London for years but not bought is leaving because they can't afford to live there anymore. Including me.
These toilets in Bristol are unconverted and right next to the railway and main road:
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Answer here
http://www.rightmove.co.uk/commercial-property-for-sale/property-49358158.html
£320000
That Bristol one's even more shocking, it's still a bog!
£300k for a public toilet in a shit area?, that takes the piss.
[url= http://http://www.rightmove.co.uk/property-for-sale/property-48370627.html ]£300k would buy this[/url] or [url= http://http://www.rightmove.co.uk/property-for-sale/property-34040790.html ]this [/url] where I live.
Shame about the main road, it doesnt seem unreasonable for a 2 bed.
😯 blimey it's just half! And i don't usually blink at London/SE prices but that is taking the piss.
"
We are pleased to offer to the market a rare opportunity to purchase a choice of two brand new semi detached houses. Downstairs comprises of an open plan kitchen/living room, and downstairs cloakroom. Upstairs benefits of a double bedroom and shower room. The properties are finished to a high standard throughout and they also benefit electric underfloor heating and double glazing. Situated in the heart of the popular village of Ewell with its variety of shops and a wide range of pubs and restaurants this opportunity is not to be missed. Also close are two railway stations (Ewell East and Ewell West) both providing services to London. Call now to avoid disappointment.
"
Wonder what the profit will be on them, considering the [url= http://www.bbc.co.uk/news/uk-england-surrey-19771971 ]undeveloped purchase price.[/url]. How much to build the housing, I wonder?
Someone snapped up a bargain on Dunblane - they were only £40k ono. 😕
One of the toilets is now SOLD.
Quick only one left.
Nothing like having a massive bi-fold door on a road-side - it'll give people queuing for the bus something to gawp at.
300 grand. **** **.
http://www.hemnet.se/bostad/villa-5rum-tjuvkil-kungalvs-kommun-matskarsvagen-37-8839097
This is not too far from me. And 300 grand (ish)
One of the toilets is now SOLD.
Someone's feeling flush... 😆
The South East of England is insane. 😯
Crazy! I really don't understand what motivates people to pay so much for so little.
Meanwhile you can buy this entire 65 acre island in Shetland for £250k!
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Even bits of woodland are way overpriced in the SE, my family own a 1acre field that is accessed by a steep angled drive off a b-road, you would never be able to build on it but it was my grandfathers market garden and we just have an old shed, park bench and a BBQ up there. There is .6 of an acre strip of woodland that joins that field to the village. We walk up through this to get to our field (as do villagers who want to avoid the steeply banked road with blind corners) nobody knows who owns it but it's appeared on an auction listing with a £6k guide price? 😯 you can't build on a narrow wooded steep bank, you would not be able to log it as there is not one bit of flat ground or proper access apart from a small path (not a footpath) the adjoining farmer who has the field wouldn't buy it as to clear it and extend his field onto a steeply sloping bank would be be pointless.
Maybe they expect a London type to buy it as a 'woodland refuge' 😆
the commute might be a deal breaker!Meanwhile you can buy this entire 65 acre island in Shetland for £250k!
😆 Depends where you are commuting to. The village of Walls is only 500 metres away. By boat.
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thestabiliser - Member
Surely it's a cottage?
I just got that 😆
Demand and supply - no-one wants the island. If I lived in the village would I buy it just for fun? What to do with it? Some sort of base for launching evil upon the world?
The properties are finished to an [s]high[/s] Ideal standard throughout
Trap One of the toilets is now SOLD.
FIFY
Too late the other toilet is sold. However my shed is available for 200k.
Location location location
http://www.s1homes.com/Houses-for-sale/2015070723415087.shtml
http://www.rightmove.co.uk/property-for-sale/property-36605502.html
lady I worked for bought a place in Ealing for 600K to do up... didn't even have time to do anything to do it up and she was offered £1m.
crazy.
http://www.s1homes.com/Houses-for-sale/2015070723415087.shtml
Have they employed a retired premier league footballer as an interior designer?
Those two Scottish ones are the most tasteless places I've see!
Wonder what the profit will be on them, considering theundeveloped purchase price.. How much to build the housing, I wonder?
Hard to say. Could have been a big job
And again, the only winners in this are the lenders and the government. The small exception being the relatively few, who can buy outright or have managed to pay off the loan/debt early and massively reduce the additional interest amount.
I wonder, when the prices become so unaffordable, whether even those few will be able to reap their equity, as no one will be able to pay the price they require.
For the majority however, it's like paying rent, with interest and with the liability to maintain something that still belongs to the lender! Still, it makes sure that everyone keeps working, paying tax and being good citizens to maintain all this perceived increase in wealth.
Hook, line and sinker! Along with pensions and personal greed, the illusion has worked a treat. 🙄
EDIT: I've never really bothered to work out the sums, so perhaps someone could enlighten us with the actual true cost of house 'ownership'? Let's say a purchase price of £300k, over 25 years, including interest at whatever the normal current rate (4% ish?) and then an average annual maintainence amount for the full term, which is probably a %age of the purchase price. There may be a personal profit in there, but I'm not sure how much.
There's defo some price inflation going on in Scotland with certain estate agents/conveyancers who hire their own home report surveyors. They do certain things to create a bit of a feeding frenzy, like only booking block viewings, setting closing dates and regularly mentioning other viewings. Not helpful!
Not helpful!
Unless you're the seller .
Unless you're the seller .
House price inflation doesn't help anyone.
99% of the time the seller still has to go and buy another house which has also has an inflated price.
My inlaws are looking to downsize. They live in THE road to live in ,in a very sought after area.
The estate agents came round and three of them valued it at around the same price.
An open day was set and it was "offers above £x ".
Their best offer was £45000 under the starting price.
Maybe sanity is starting to reappear in the market.
Maybe sanity is starting to reappear in the market.
Not when a converted public convenience sells so quickly at around £1000 per sq foot and our administration hard selling the dream of 'right to buy and we'll help you with another loan'.
They do not want sanity.
But it seems they do want sanitary.They do not want sanity.
What will happen is what always happens.
Sellers will withdraw from the market & anything left on will be assumed as being for sale because it's a fire sale or similar, ergo lower prices will be offered.
When the market recovers properties will return to the market.
As for London & the rest of the UK? London will always be in a bubble, all the prices do is go up at a slower rate. Talk of a crash, in London at least, is being hopeful.
Outside of London with less to attract foreign investment prices can suffer. For many London is still the go to place. Many on here will not agree with that, but it is true for a lot of folks. Whether that's jobs or education or lifestyle - many find London very appealing. As do many find it a horrendous place. Horses for courses..
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http://i1370.photobucket.com/albums/ag270/iolotraws/Berggasse/IMG_0835_zpsbfgro0ca.jp g"/> [/IMG][/URL]
I just bought this place in Austria, overlooking the alps with 620m2 garden full of fruit trees - apricot, peach, grape, apple, plum, wallnut. Half an hour south of Vienna with great transport links.
With all fees it came to a grand total of £73,000.
I'm not sure about open pan living.
I just bought this place in Austria, overlooking the alps with 620m2 garden full of fruit trees - apricot, peach, grape, apple, plum, wallnut. Half an hour south of Vienna with great transport links.
With all fees it came to a grand total of £73,000.POSTED 27 MINUTES AGO # REPORT-POST
Lovely!
Any more pics?
I'm not sure about open pan living.
Shirley better than the pressure cooker that is London?
...Still, it makes sure that everyone keeps working, paying tax
Is that such a bad thing ?
Just stumbled across this Zippy and was thinking of those properties. We walked past them after a meal at the Spring the other weekend and a) couldn't understand why anyone would want to live in them and b) the price. Madness
That's nothing in West Hampstead a bedsit cough 'executive studio' went for £425k not so long ago. It was a bloody bedsit with shiny plastics/glass decor. Wtf are people on in parts of London?! You'd have to earn a decent wedge then travel home pressed into another person's sweaty back before walking into your bedsit.
Reality check.
Who drives the house price increases, excitable estate agents? Talk up the market, win the handling of the sale by promising the highest return to the vendor?
Talk up the market, win the handling of the sale by promising the highest return to the vendor?
Ultimately that tactic is self-defeating, if a property is overpriced it will not sell & be reduced.
Agree but in London it's a locked in cycle
Can't imagine the living in a city lark will be very popular if the Brussels Malachi gets to the UK in a big way.
C
mrlebowski - Member
Talk up the market, win the handling of the sale by promising the highest return to the vendor?
Ultimately that tactic is self-defeating, if a property is overpriced it will not sell & be reduced.POSTED 1 HOUR AGO # REPORT-POST
As my Inlaws are finding out.
Even though the low offer they have received for their property (which needs doing up ) still makes it the most expensive 3 bed house in their area.
Who drives the house price increases, excitable estate agents? Talk up the market, win the handling of the sale by promising the highest return to the vendor?
Fear of missing out...
1. A tidal wave of foreign money, much of it speculative, much of it criminal money being laundered
2. Super low interest rates making it 'affordable' to get balls-deep in debt
3. Deliberate government policy to limit building (greenbelt) and Help To Buy
4. A historically high level of appetite for debt amongst buyers
5. Older generation willing to get into more debt to pass on their 'equity' to their kids
6. Buy To Let buying on interest-free mortgages and passing on the costs to tenants
7. Banks needing to make an income somehow in a low interest rate environment
8. Estate agents with a culture of total dishonesty who can't quite believe the idiocy of the great British public
9. The myth that 'you can't lose with property'. We're pretty much hypnotised with this one.
10. A willingness to overpay on the assumption that prices will continue to go up forever even though their already beyond the limit of affordability for wage earners
11. Sellers who think they can charge what they like and offload the debt onto the younger generation.
In the meantime we're passing on ever increasing proportion of our post-tax income to the banks and leaving nothing left for day to day expenditure as we watch the economy flatline, and an increasing proportion of our taxes go to landlords and then to the banks in housing benefit...
Utterly stupid - we're impoverishing ourselves on the altar of super high property prices... as said above if you follow the chain of money it's only really the banks that get richer... cos that's who we're all paying the money to at the end of the day
Utterly stupid - we're impoverishing ourselves on the altar of super high property prices... as said above if you follow the chain of money it's only really the banks that get richer... cos that's who we're all paying the money to at the end of the day
This is very true.
I earn a good salary and still spend about 1/3 of my net income on my mortgage.
20 years ago, it would of been significantly less even with the much higher interest rates.
There is only really the banks making money from inflated property prices.
Iolo - I have house envy..
Brooess your point.10 is where it'll all end.
Everyone that we know has bought bigger houses because it's the social norm to keep moving up the housing ladder. I can't understand that. My ideal home will be a small stone cottage/farm in the sticks.
I know people who have kept their old house, rented it out, remortgaged and then entered a interest only mortgage on their new house. I cant understand that. %inflation rises will kill a new generation of 'must have' house owners. 🙁
This place recently came up for sale along the road from me..
[url= http://www.symondsandreading.com/site/go/viewParticulars?propertyID=335831 ]Scrappy bungalow next to train line..[/url]
It's a mess.
Right next to railway line (as in, trains run RIGHT past the window as it's the old signal house.
Needs complete renovation.
I bet it sells for over £300k.
Crazy!
DrP
hora - Member
That's nothing in West Hampstead a bedsit cough 'executive studio' went for £425k not so long ago. It was a bloody bedsit with shiny plastics/glass decor. Wtf are people on in parts of London?! You'd have to earn a decent wedge then travel home pressed into another person's sweaty back before walking into your bedsit.Reality check.
Who drives the house price increases, excitable estate agents? Talk up the market, win the handling of the sale by promising the highest return to the vendor?
You're old place by any chance Mark?
Brooess plus lots. Well said sir, eloquent and succinct.
Mr Carney must feel like he has entered a bdsm dungeon, his hands are now tied very firmly to ensuring the interest rates stay low and whatever happens, he will be the whipping boy when they do. Still won't be as bad as all the people who can't afford a modest interest rate rise. The B&B's are going to be busy though, following all the repossessions...
What sort of opinions are being spouted how a Brexit might affect interest rates?
nealglover - Member
...Still, it makes sure that everyone keeps working, paying taxIs that such a bad thing ?
Probably not, I think loans, debts, banks rather than taxes.
9. The myth that 'you can't lose with property'. We're pretty much hypnotised with this one.
Too many people are. The amount of conversations I hear to that tone.
https://en.m.wikipedia.org/wiki/Tulip_mania
Too many people are. The amount of conversations I hear to that tone.
I think given recent opinion polls showing, apparently, Osborne is less popular than Corbyn (wtaf! - he's so far away from the centre and is widely held to be unelectable) the masses are now beginning to realise what has been obvious to those that read the financial papers, which is that the economy is not in a good place and has not really recovered at all from 2008 and this is a long-term problem we have (hence interest rates still being at emergency levels they were put at to stave off total collapse of the banks).
House prices are being clung on to by a massively indebted population like a drowning man to a liferaft - hence the rather religious nature of the discussion - there's no facts or data from those that think prices will go up forever except 'they have done since 1995' (and even that's only true in London and SE)...
I really worry that when the situation is such that government can't prevent a crash (as Osborne did in 2013 with HTB and letting the wave foreign money in), how people will cope. We're so dependent on it for positive sentiment. So many seem to have all their feelings of wealth wrapped up in their house price - and their pensions, that when that 'money' disappears, they'll just be left high and dry. No savings, no pension, stuck in negative equity and too late in life to be able to do anything about it...
I agree Brooess, people want to believe they will carry on forever because if they don't they'll will be in a state.
It is so sad all those people desperately saving every penny for a deposit whilst missing out on other fun things.