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bazschmaz-
G11, our half of which is in the catchment for that fancy school which has a lot to do with it.
Not sure if fact or just word, home report is what a property would be valued for, i.e mortgage and insurance, but if it were to burn down or other, an insurer wouldn't be responsible for the rest, unless a specifically written agreed value type policy, which im not sure is even a thing.
Last year everyone wanted out of the city, now folk want back in and are prepared to just throw money at it? Literally can't understand how it's going so mad,or how people are funding it. -
I think thats a bit of a myth as I know 4 people who have bought flats in 41 in the last 12 months that didnt pay anywhere near 40% although did put a bit more.
BrickMan
konastab01
House/granny bungalows at end of our street, been eyeing them up for years. Made an offer on one in 2017 and didn't get it, offered £315k on an offers over £295k, went for around £325k, maybe more. People that have been in it have done almost nothing, new kitchen worktop, some tiles and a click together floor in the kitchen, thats it. Nothing else has changed in the house, outside the same, still needs roof looked at, still needs a heating system and wiring from this century, woodchip graces the hall, stairs and upper hall and one other room
Came on the market Fri, sold Mon PM for offers over £525k, which means in the current heat around Glasgow it's reasonably expected to have gone for north of £550k.
So lets assume £250k gross increase in just under 4 years. Will exchange the £200 of worktop, £200 of tiles, £500 of floor and poss £1500 labour to tidy up kitchen for 1 month of gross value increase.
That granny bungalow went up by £5200 per month, for 46 months.
Fucking.
Sick.