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Absolutely, it's a ridiculous situation in which people invest immense amounts in property because they can't find enough other things to invest in.
Quite apart from the price, this one wouldn't be for you even as a fixer-upper because you probably wouldn't be allowed to add a garage (even though there's just enough space for a narrow one).
I've reached the point of being quite detached from the housing market (no pun intended), the amount of money required is just so far beyond what I think is reasonable that I want nothing to do with it.