Surely no one will fall for this!

[korawick12345]

www.rightmove.co.uk/house-prices/detailMatching.html?prop=98137073&sale=91986915&country=england

Sold in Dec 2020 for 460000

Now being remarketed after a paint job for 995000

www.rightmove.co.uk/properties/109368608#/

It’s horrible. I wouldn’t touch it for £9.90

@Travielkapelka

It’s horrible. I wouldn’t touch it for £9.90

Are you sure? What about £9.50? 😂

@BlueMongoose - the Henley house has had: a new bathroom (10K?), a kitchen update (another 10?), new decking (5K?), rendering (5K?), basement finished to a study (2-3K?), fully decorated (5K? - if you are lucky) , new flooring throughout (3-5K?), new boiler + thermostat ... (2-3K)

www.rightmove.co.uk/properties/109353632#/media?id=media5&ref=floorPlanPage

vs

www.rightmove.co.uk/house-prices/detailMatching.html?prop=83408311&sale=12166237&country=england

so 50K of work that I can ... there might be other work that is less obvious to the eye. I enjoy renovation but not everyone does, and if you buy a 'done' house you can borrow, do your own & you have to find the cash which not everyone has..

200K is chancing their arm, but renovations, even superficial ones are not cheap. I'd expect the work they have done has added a FAIR 80K or so to the price

BTW - price estimates based on my own renovation in the last months. I wouldn't want to pay for decor either but even paint etc is not free.

I think it’s a little bit opportunistic and a little bit of doing unseen works that cost a fortune. Most properties that are sold at auction have something significantly wrong with them and they get bought by people who have the capital to address those issues. We’ve spent probably £15k on our house on ‘unseen’ things and that’s just the tip of the iceberg as we can’t afford to do it all in one go. Our house is just an old but bog-standard two bed semi detached. The market has also exploded so the owners can probably be opportunistic for those people wanting to escape the city.

What is concerning is that it has been sold quite a few times over the last few years. For most people, this would be a ‘forever’ home. The fact that it’s been sold 3 times in 15 years and up for sale again, less than a year after it was last sold suggests there is something up or something was up and has been fixed. Whether it be the road, location, flood risk or whether the maintenance costs were mounting up and the owners couldn’t afford to maintain the house. Or all of the above. It’s also odd that it sold for less in 2020 than it did in 2006, which suggests there was something up with the house. From 2005 to 2017 when we bought our house, it increased by £30K. It’s gone up another £30k since 2017 (based on a valuation from Dec 2020 so similar time to the last sale).

They could have changed the radiators at least! I can see how someone from London would not be phased by chucking a million at a great big pile in Somerset. But if you had the funds to do that, I very much doubt that particular house is an attractive purchase. There must be so many lovely old farm houses that aren't right next to a busy road, or Grade 1 listed.

Last year it was an auction sale - assume repossession

Fascinating. I'd be amazed if it doesn't stay as an Airbnb for the foreseeable, regardless of who buys it - it's got so many off-putting factors for people wanting a family home. Gorgeous though!

@ImbarbaraB

Last year it was an auction sale - assume repossession

No reason to assume repossession, I seem to recall it was on the market for a while but wasn't shifting that may be why they went for auction in the end. i think the G1 and position listing really puts people off

www.rightmove.co.uk/properties/50136372#/

this place has been on the market since 2017 - similar issues 2* listing and a bad position!

@ApolloandDaphne

It looks much nicer in the first set of pictures! The second ones make it look dark and gloomy.

I totally agree, and my first thought on seeing picture 12 was "cobwebs"!

Looks like it's got a priest hole. I love it. Anyone willing to buy it for me?

@ApolloandDaphne

It looks much nicer in the first set of pictures! The second ones make it look dark and gloomy.

I agree. I was disappointed and had to go back and look to see if I accidentally clicked on the before photos first.

I reckon it's badly haunted and all the ghosts are chasing people out of the house.

www.rightmove.co.uk/properties/50136372#/

this place has been on the market since 2017 - similar issues 2 listing and a bad position!*

The position looks all right to me. It’s in the middle of nowhere on a country lane.

@Blossomtoes

*www.rightmove.co.uk/properties/50136372#/*

this place has been on the market since 2017 - similar issues 2 listing and a bad position!*

The position looks all right to me. It’s in the middle of nowhere on a country lane.

its an A road rather than a small country lane

@BlueMongoose
Following on from @DespairingHomeowner
I can see more work to that house too.

The basement has been newly tanked - which, having googled to find out what that means, could seemingly cost around £15k for the standard to make it into a liveable room plus finishing. Plus it looks like possible damp (I'm guessing from the basement) in some of the pictures which could have required more remedial work in those rooms too rather than just surface redecoration - and probably reduced the previous price by more than the true cost of the renovations because a lot of buyers would just be put off by a place with damp and the unknown costs.

The current price looks in line with other properties in the area too from my a quick glance, so it seems more that it was previously cheap, rather than it's now expensive.

Still quite sure it’s a repossession

It’s a familiar pattern of values I’ve seen on other repossessions.

Bought, no longer afforded, sold off by bank by auction to cover the loan for slightly less, next person improves slightly and flips it for massive profit

I bloody love it, but I’m a bit short.

This was the previous thread: www.mumsnet.com/Talk/am_i_being_unreasonable/4047318-To-be-tempted-by-this-house

@ProcrastinationStation3, @BlueMongoose; Henley house also has new radiators

I think I really like the Henley house - shame I’ve just moved!! 😂

Haunted by the naked woman in the bathroom?

@Snookie00

Would be a valid question to ask the estate agent. What the current sellers have done to it which justifies such a huge uplift in a short period of time. They may well have done lots of hidden remedial work but from first glance it does just seem to be a very clever makeover.

They've put gingham curtains over the washing machine and dishwasher. Must have been VERY expensive fabric...

wow, it's a beautiful house.

Wasn’t £460,000 the auction price?

So it was the hammer price rather than market value.

I looked at it last year and if I was moving to that area I would have definitely been at the auction. It looks like an amazing house

Were you the poster on the original thread?
Presumably yes as huge coincidence otherwise!