Spotted at Rightmove:
Bricks and mortar rebuild cost/value, £120,000 - £150,000, maybe? Annual rental value of location, £15,000 or thereabouts.
Tuesday, 30 October 2012
It's a nice house and everything, but I think my wife would struggle to get her car into the garage.
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13 comments:
Presumably planning permish is all-but-impossible to get when you're altering the fascia like that.
That's an incredible disparity between house price and rent.
Is that literally the bricks and mortar price ?
We've just put an offer in at £280 around these parts. The house is absolutely massive, detached and comes with an annex flat.
RA, the bit with the garage is a relatively new extension, obviously. It's the step up to the garage which troubles me.
EK, the house is on the market for £480,000 as you can clearly see by clicking the link. A small part of that prices is bricks and mortar and the bulk of it is for the "Location, location, location".
You would need a 4x4 to negotiate the step, but one narrow enough to fit.
If I was buying a house that size I'd keep my car on the apron and use the garage as a games/tv room.
BE (assuming it is you), it is a mystery to me why houses still have built in garages. Cars are very waterproof and that space would be much better used as an extra room.
That "garage" looks to me like it already is a games/TV room and it's just been made to look like a garage for planning permission purposes. If there was a garage already there, perhaps the extension came within permitted development if the ground floor remained a garage, but not if it was a habitable room, who knows?
B, yes, I would suspect that to be the case, but FFS, couldn't they make it look like a garage?
"couldn't they make it look like a garage?"
Never underestimate the power of incompetence.
Labourer to boss: "shouldn't we be putting in a ramp to this garage?
Boss: "nah, it's not really a garage, is it? Save a bit of money"
Spanish land was 5 TIMES overvalued...
http://www.zerohedge.com/news/2012-10-29/spanish-bad-bank-emerges-confirms-spanish-real-estate-absolute-disaster
I went round Croydon estate agents lookkng for a flat from which I can claim 23 grand a gear mortgate interest relief when I become MP next month.
"What makes this area so pricey?"
Its the location sir!
"Oh yes, of course. Why is that flat more than that one over ther"
Oh those have been decorated so well inside!
The homeowner matrix at work.
Incidentally, rentaldlvfor the flat was 12k, selling price 250k. As expected.
RS, that seems about right, times by 4% and then knock off a couple of grand for maintenance, repair, voids etc and the location rental value is £8k a year or something.
"Oh those have been decorated so well inside!"
Bullshit, surely? Doesn't everyone hate the previous inhabitant's/landlord's taste in decoration? Isn't that why developers and landlords tend to go for magnolia everywhere?
B, mag walls, grey carpets. Once you've done it often enough you start to like it, and that's when you know you have to pack it in.
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