SMF - Just Installed!

Smart or just plain cheeky?

Started by propertyfag, September 25, 2007, 10:04:22 AM

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propertyfag



Witanhurst in Highgate, purchased for £32 million by a Mr Cooper in June and now back on the market for £75 million without a bit of work having been done to it.

Does the house look familar? It is the house that launched the music careers of talented Mobo award winner Lemar, and, erm, David Sneddon. Fame Academy's Highgate home. It's the second-largest house in London after Buckingham Palace,

vwilson

Suspect the answer to your question will depend on whether it sells or not ;)


V

propertyfag


propertyfag

I hope he's being just plain cheeky!


Raven

someone once asked "whats a Penny Black stamp worth" and the specialist replied " as much as anybody would want to pay for it"
That Highgate house cant be valued, its only worth what someone will pay for it. Is it over priced at 75 million or was it underpriced  at 32 million. My answer is, if it was publicly advertised the first time around, then that was the right price for the time. In turn, if it achieves 75m now, then its the Penny Black senario.
One thing for sure though. I wouldnt like to be the estate agent who has to explain to the original owner why he didnt get 75m for it 4 months ago and the latest agent did. Even worst if its the same estate agent both times.  :-\

propertyfag

The property has had so much publicity that it must have scared away any potential buyers.

I mean, would you want to be the mug that purchased a home that was bought for over 30million less only a few months before? Even if someone wanted to pay that much for it, they probably won't anymore because of the reasons I just mentioned.

I think this is one of the very cases where there is such a thing as bad publicity.

Raven

You are right. I wouldnt want to be the mug to give someone  a 43m profit.

Aisha

never doubt investors in the property market. Majority prefer to play it sensibly and safe, others have the cash and sometimes just appreciate media coverage!

It's a crazy world, I tell ya!

Badger

Keep up people i have already posted about this joint, tut tut


Badger

propertyfag


Badger

 ;)

Ye im still avin trobs with that stuff lol
Thx Buddy


Badger

propertyfag

It's ok, baby!

Watching you learn is like watching a child develop into an adult- it's a beautiful process!