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Property Ladder: 13th November- Streatham & Aldershot

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Author Topic: Property Ladder: 13th November- Streatham & Aldershot  (Read 12143 times)
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« on: November 14, 2007, 01:27:52 AM »

So, who watched it this week? I didn't think it was all that exciting this week. Probably because the couples weren't as irritating as last weeks.

Property 1- Streatham

In Streatham, South London, dog sitters Jodie and Matt took on a worn out Edwardian house, while living on site and looking after up to ten animals at a time.



This couple confused me. They were talking about how they were strapped for cash with their underpaid jobs, and planned on going to Australia with their profits for a stress free holiday. Yet they purchased a house for £345k with a 40k budget to improve the property. How can they be strapped for cash?

It was so obvious that their budget was unrealistic. Sticking to 40k to develop that big property would have been a miracle, especially when loft conversions were involved. It's a shame they went over budget in the first few days (after getting their loft conversion evaluation, £37k).

But I liked this couple, just because they weren't pretending to be something they weren't, like that idiot Mr Patel from the previous week. They spent half the day in bed; they knew they were lazy. They used the wrong cabling for the electrics; they knew they were stupid for doing so.

One thing that did irritate me a little was their laid back attitude. They took so long to get things done- nothing seemed to be moving. I guess I’m just one of those people that likes to get things done asap. It eventually took them 12months to finish a project that was meant to take 6 months. However, at the end of it they got a really nice house out of it, with a wicked loft conversion.

In certain aspects, they were good developers because they did a lot of the work themselves, which was pretty cool, even though it did take them ages. They bought the house for £345k, spent 95k on doing it up (45k over budget). They initially planned on getting £500k for it. Turns out that this couple was another lucky pair that was blessed by the housing boom. Even without doing work to their property, they would have got 500k. The property had risen in value by £155k in 12months. That's pretty amazing. But after they developed the property, they got an average evaluation of £620k; avergaing a £190k profit. Good work!!

Anyways, I'm still confused....this couple were meant to be hard up on cash. They must be living on another planet; Bill Gates' planet.


Property 2- Aldershot

Factory manager Clive Jacobs has been married to his wife Deborah for five years, but for all of that time they’ve been lodging with a relative. They’re now at crisis point, but are hoping this ex-council house in Aldershot will finally finance a place of their own.



The house they bought was awful. A small 3 bedroom house on main road. The house had no character to offer. Additionally, they didn't have high expectations, as they only planned on making a 25k profit. Yes, that is a lot of money, but for a 6 month development- is it really?

An interesting issue occurred during this development. They knocked down a toilet that was located downstairs, only to find out that they had to rebuild it because according to the council regulation they had to have a toilet downstairs. I've never heard of a regulation like that- seems pretty odd. Anyways, Sarah told them to fight the case because it was a pretty ambiguous policy. As you would expect, they won the case, so they didn't have to jeopardize their development by rebuilding it. The couple had to have a meeting with a member from the building control; can't help but feel Beeny's presence swayed the entire decision. Did anyone else think that?

This property took 6 months development. They knocked down a few walls and made a bit more space. Granted, the house was in a bit of a mess, but not 6 months worth. I'm not quite sure why it took so long.

They bought the property for 175k, spent 32k on refurb. They got 2 evaluations at £220k, which meant they stood to make an 13k profit. Was it worth it? Hmmm...debateable. Anyways, they decided to put the property up for 230k. They ended up selling it for £235k, leaving them with a 18k profit. Not the most ambitious or successful development, but nonetheless, still successfull, especially since they only planned to make £25k.

What did you guys think?
Guest
« Reply #1 on: November 14, 2007, 10:08:21 AM »

Offten the case, dont do anything and make money, this property game is crazy.  Its a shame that for once someone took SBs advice and still struggled to sell etc * the Aldershot peeps*  What i can not understand from that one was didnt they just live in the freaking place. gotta feel slightly sorry though as they did follow her advice and didnt add a dime. sh1t happens eh
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« Reply #2 on: November 14, 2007, 11:26:58 AM »

Stop picking on Beeny, boyo!
Guest
« Reply #3 on: November 14, 2007, 01:06:21 PM »

No No No heaven forbid, not picking on her dam, juist saying the guys took her advice rather than the usuall na can not see it working bla bla but they didnt make on the place,
Loved the been looked last night. a denim skirt, whoooooo hooo tiger
Ok off to cool down
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« Reply #4 on: November 14, 2007, 01:16:26 PM »

Yeah, I she looked proper nice last night. She looked fresh and her hair was nice  :-*
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« Reply #5 on: November 14, 2007, 01:30:57 PM »

Umm, i think she may have hard builders hands though, still this could be nice if used the right way lol

Sorry
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« Reply #6 on: November 14, 2007, 01:32:12 PM »

Ok, so what about that "downstairs toilet" regulation. Had you ever heard of that before?
Guest
« Reply #7 on: November 14, 2007, 01:37:16 PM »

Yes i have, they usualy stick to it on new build.  Its the same if you have any refurb work done now you have to fall in line with accessability law,  light switches need to come down lower and plug sockets need to go up higher so peeps in wheel chairs are not excluded. .  It makes sence but just takes a bit of getting used to
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« Reply #8 on: November 14, 2007, 01:43:26 PM »

So the downstairs toilet regulation is for people with disabilities, like the plug sockets and light switches?
Guest
« Reply #9 on: November 14, 2007, 02:40:19 PM »

No all houses are to conform with this reg, there veiw is a disabled person may want to buy your house one day so get the work done when you refurb
Guest
« Reply #10 on: November 14, 2007, 02:49:12 PM »

It was abit boring this one ... but I still didnt like the couples , I always wonder if I was on there , if id seem just as annoying . hmm . But I dont think I would because I'd always go with what beeny says haha I hate it when people dont listen to her

Anyways yeh , the Streatham couple arghh , so lazy and eco living , I know two couples exactly like them ..... I bet they where vegetarians ( not that im stereotyping ofcourse  ;D )
and the dogs , oh the dogs ..... i love my little pooch ........ but ergh, Im sure she had one attached to her arm.
ok sorry . im going to stop now .

The other couple where abit weird , I mean they where in there 40's and hadnt got there first house ?!
I think they played very safe , so they should of really done it alot faster if they where only going to make 18k.

I would go on , but there isnt much to say about this episode really .


yep yepp
Guest
« Reply #11 on: November 14, 2007, 02:56:46 PM »

Good report there the one they call Fee Fee.
I agree the chap from the eco couple was a lazy bastardo and the dogs would just get on my one tit.  It wouldnt be so bad if the dogs where like bull mastiffs or rotties, but no they all looked like they needed some time away from the dog sitters house to get well again, lol.
I did like what they did in the end, but the recess should have been built into.
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« Reply #12 on: November 14, 2007, 03:02:47 PM »

No all houses are to conform with this reg, there veiw is a disabled person may want to buy your house one day so get the work done when you refurb

Yeah, that's what I meant. But it is to benefit someone disabled.

Makes sense.
Guest
« Reply #13 on: November 14, 2007, 03:03:28 PM »

oh yeh badger I forgot about the recess , they should of taken sarah beenys advice , instead of there el fresco eating area , that was really bad .


arghh i hate annoying people that just want something for the sake of it or just to get there way
arghhh you go with the best way , that makes you the most money . idiots

It gets my goat.

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« Reply #14 on: November 14, 2007, 03:04:07 PM »

It was abit boring this one ... but I still didnt like the couples , I always wonder if I was on there , if id seem just as annoying . hmm . But I dont think I would because I'd always go with what beeny says haha I hate it when people dont listen to her

Anyways yeh , the Streatham couple arghh , so lazy and eco living , I know two couples exactly like them ..... I bet they where vegetarians ( not that im stereotyping ofcourse  ;D )
and the dogs , oh the dogs ..... i love my little pooch ........ but ergh, Im sure she had one attached to her arm.
ok sorry . im going to stop now .

The other couple where abit weird , I mean they where in there 40's and hadnt got there first house ?!
I think they played very safe , so they should of really done it alot faster if they where only going to make 18k.

I would go on , but there isnt much to say about this episode really .


yep yepp


I agree.

The only thing that annoyed me about the couples was their pace. They were so slow! It just didn't make sense.
Guest
« Reply #15 on: November 14, 2007, 03:08:34 PM »

Lazy people are actually very cunning , they make it seem like they arent THAT lazy .

Like the Streatham couple , they blamed there dogs , they did jack shit with there dogs , except wrap them up so they didnt die from the cold .

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« Reply #16 on: November 14, 2007, 03:14:05 PM »

The worst developers make the most profit  :-\
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« Reply #17 on: November 14, 2007, 03:16:13 PM »

oh btw .... is it ok if I make a new thread about ummm Furniture haah  ;D

I promise it will be interesting .

You see i use to spend ALOT original furniture , and Im trying to curb my spending awee bit , so I've started  buying replicas, that are nearly identical ... but you save £100's .
So i'll post like the 10 best replicas at the moment , like the arco lamp and the eames eiffel chair , and show how much you'd save , and then hopefully people can say if they have bought any replicas or looking to buy something etc

It sounds really boring , but can i ???????? pleaseeeeeeeeeeeee  ;D

You'll like it

I promise  ;)
Guest
« Reply #18 on: November 14, 2007, 03:16:59 PM »

The worst developers make the most profit  :-\

Your so true  :'( I hate it
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« Reply #19 on: November 14, 2007, 03:18:42 PM »

You don't need to ask permission to make a thread.

Since it's property related, put it in the property forum :)
Guest
« Reply #20 on: November 14, 2007, 03:20:43 PM »

 ;D thanks

well I thought Id ask , because Its nice and um yes
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« Reply #21 on: November 14, 2007, 03:23:50 PM »

You own these parts, blood...you can surf the forum naked for all I care!
Guest
« Reply #22 on: November 14, 2007, 03:30:57 PM »

aww so you dont care :(

anyways ill do it abit later , all the pictures are on my other lappytop and i cant be bothered finding them all again.

Oh im in a good mood today  ;D
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