nod Posted August 3, 2021 Share Posted August 3, 2021 This partially renovated home came on the market for offers around a million Only a few weeks later has been reduced to 770 k A last ditched attempt to find a buyer before auction Link to comment Share on other sites More sharing options...
Pocster Posted August 3, 2021 Share Posted August 3, 2021 Buy it . I’ll lend you the money Link to comment Share on other sites More sharing options...
nod Posted August 3, 2021 Author Share Posted August 3, 2021 Someone will get a bargain Link to comment Share on other sites More sharing options...
Lorenz Posted August 3, 2021 Share Posted August 3, 2021 There are a lot about if you look for them, Not far from me was a castle with 3 cottages, one house recently renovated and two other building used as offices and apartments, plus a bunch of other buildings and about 20 acres, went for 1.5 I think. Whoever bought it has already sold the recently renovated house for 750k. There was another place similar just outside Lacock that went for the same money with just over 30 acres, needed renovating though. Upper mid level properties are going beyond the top properties it seems. Link to comment Share on other sites More sharing options...
Ferdinand Posted August 4, 2021 Share Posted August 4, 2021 4 hours ago, nod said: This partially renovated home came on the market for offers around a million Only a few weeks later has been reduced to 770 k A last ditched attempt to find a buyer before auction What will be the return on finishing it at that price? 1 Link to comment Share on other sites More sharing options...
Ferdinand Posted August 4, 2021 Share Posted August 4, 2021 2 hours ago, Lorenz said: There are a lot about if you look for them, Not far from me was a castle with 3 cottages, one house recently renovated and two other building used as offices and apartments, plus a bunch of other buildings and about 20 acres, went for 1.5 I think. Whoever bought it has already sold the recently renovated house for 750k. There was another place similar just outside Lacock that went for the same money with just over 30 acres, needed renovating though. Upper mid level properties are going beyond the top properties it seems. A present you get a good extra margin if buying as a main residence due to the Stamp Duty holiday, I think. 1 Link to comment Share on other sites More sharing options...
Pocster Posted August 4, 2021 Share Posted August 4, 2021 9 hours ago, Ferdinand said: What will be the return on finishing it at that price? Conversion to flats ? . With an underground house in the grounds ? Link to comment Share on other sites More sharing options...
Mr Punter Posted August 4, 2021 Share Posted August 4, 2021 It looked OK before it was done. Sold 2016 at £630k. https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=47349349&sale=67432260&country=england Link to comment Share on other sites More sharing options...
Lorenz Posted August 4, 2021 Share Posted August 4, 2021 Leasehold..... it is a lot bigger now. Link to comment Share on other sites More sharing options...
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