Archive for August, 2009
Interesting piece over on the Guardian’s Money Blog today about a timber shed up for auction for £150,000 – just £10,000 less than the Nationwide’s average UK house price, as Hilary Osborne notes.
Osborne wonders if this is “a return to pre-crash price insanity, or is it money well spent on a prime spot?”
Looking at the details, and with the blog post below about sea views in mind, I think I’m in the money well spent camp.
Why? Because you’re not paying for the “semi-derelict one-bed bungalow” (aka: shed), you’re paying for the site: two acres in the heart of the North Yorkshire Moors National Park with quite breath-taking views over the Heritage Coastline.
True, you’ll only be able to develop it subject to acquiring the necessary consents; and yes, you’d be bonkers to bid on it without first talking to the local planners about what they would allow.
But even so, I think the potential here surely justifies the guide price. What do you think?
We’ll keep you posted on how it fares when it comes under the hammer. Auction to be held at: the Falcon Inn, Staintondale on: Wednesday 16th September 2009 at 7.00pm prompt.
The Property: Listed Victorian church
The Place: Aberfeldy, Perth & Kinross, Scotland
The Price: £190,000 OIEO
The Pain: It’s a big and potentially expensive project – all the more so since planning permission is for conversion into four large apartments.
And at the end, you’ll have to find four buyers to make your money – which in the current market is not the easiest.
The Gain: The property is attractively located in an elevated position with fine views over the countryside and is perfectly placed to attract second-home buyers – fishing, hiking, golf, skiing and water sports are all within easy reach.
The building itself is in good shape, and has some fine period features.
When completed, the apartments, says the agent, will be worth £200,000-£300,000, so there’s potential for a decent return on this one.
The Agent: Strutt & Parker, Edinburgh (Tel: 0843 2823 308)
With this year’s Edinburgh Festival almost in its closing stages, we decided to don our tartan bonnets and kilts, and hotfoot it north to Scotland’s capital city.
As well as hosting the world’s most famous arts festival and being home to the globe’s biggest Hogmanay party, Edinburgh always ranks highly on those Most Fabulous Places to Live lists on account of it being so unutterably cool.
With all that in mind, we’ve only picked properties that are in or close to the city centre, and therefore well placed to take advantage of everything that “Auld Reekie” has to offer.
So, in the words of one of the city’s illustrious former residents, Muriel Spark, here’s the crème de la crème of Edinburgh properties for a variety of budgets.
(Click on pics for full property details)
1. Blackhall, Edinburgh
2. Warriston, Edinburgh
3. New Town, Edinburgh
4. Edinburgh City Centre
5. Corstorphine, Edinburgh