Owning your own home

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  • In my humble opinion recessed spots belong nowhere apart from utility rooms or basements. A bedroom should be a welcoming place with a pleasant ambience. (That's assuming you won't be carrying out interrogations in there).

  • Bit jelly.
    Place looks tres bon, I'm sure you're going to love it out there.

  • if you're not using your bedroom for interrogations, you're doing it wrong

  • put some light switches next to the bed for the lamps and you're golden. A cheap alternative for bedside lamps are the remote control plug sockets.

  • What's the basement for then?

  • Have left the old gaff for the last time. Now I'm just waiting on the call to say I've got the keys of the new place.

    So I guess for this moment I'm homeless.

  • Freehold update. As soon as ms_com got involved and phoned the errant solicitor, things started moving. FFS. It's like loosening the pickle jar. I'll never hear the end of this.

  • Is it just me or does this listing read like one of those tests where they try and get a computer to pretend to be human?
    https://www.rightmove.co.uk/properties/97170653#/

  • outdoor fridge will come in handy

  • get a computer to pretend to be human

    The giveaway was where it said Noel Park is coveted.

  • Our sellers are willing to give us ‘some time’ wasn’t specified how long, to find a buyer.

    God help me please someone buy my flat

  • That sale is a little dodgy no?

    Sale Date Property Price Paid Source
    30 Aug 2019 Terraced, Freehold £16,000,000 Land Registry
    08 Aug 2014 Terraced, Freehold £17,750,000 Land Registry
    10 Dec 2003 Terraced, Freehold £6,250,000 Land Registry
    06 Apr 1998 Terraced, Freehold £729,500 Land Registry
    07 Jan 1998 Terraced, Leasehold £2,991,001 Land Registry

  • Could it have been for a bit of the property, not the whole thing?

  • might have been a distressed sale or some below-market value tax management shenanigans. or straight up money laundering I guess

  • Most likely cause is a typo in the LR data.

  • That sale is a little dodgy no?

    No. The owner bought the leasehold interest in the property in January 1998, and then bought the freehold later that year, most likely pursuant to the enfranchisement provisions of the Leasehold Reform Act 1967. Assuming it was a tolerably long lease the freehold would have been worth much less than the long leasehold interest, as it was only the reversionary interest expectant upon the lease being acquired when the freehold was purchased. The price payable for the freehold reversion would probably have largely represented the deferred value of the freehold once the lease was expired, deferred over the remaining term of the lease using the standard Sportelli rate of 4.75% per annum. Admittedly Sportelli wasn't decided until 2008, but it represented standard industry practice anyway.

  • Bursting with light all through the day, plant growth would be rife in this garden!

  • Steady rent is always handy

  • We've just had an offer accepted on a two bed flat in South East London. Does anyone have any surveyor recommendations? Also, if it's a ground floor flat in a Victorian terrace would a full structural survey be overkill? I like the idea of the additional comfort, but also don't want to incur additional costs unnecessarily

  • My view is surveys de-risk what will likely be the biggest purchase of your life. Their cost is trivial compared to the cost of the house.

    (I'll admit I live in a dream world where I want to believe that the surveys actually say useful stuff).

    I guess normal practice is to bring in the additional surveys (structural or whatever) when the first general survey highlights something unusual warranting a closer look.

  • Quite lovely. I need whoever styled this house to come and do mine.

    https://www.aucoot.com/property/durham-row-london-e1/

  • Also, if it's a ground floor flat in a Victorian terrace would a full structural survey be overkill?

    Probably. The terms of the lease and the repairs and maintenance that’s been done recently - or lack of them - can give you clues as to what structural expenses would be coming your way.

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Owning your own home

Posted by Avatar for Hobo @Hobo

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