Location, location, location

[Dorsetmike]

Or so the estate agent/realtor would say; yet a friend of mine in the property sales business says

I can't quite see all the fuss about Sandbanks. Some big houses on small tree lined plots or flats with a rather mediocre view of ferries and the crowds paddling. No major commuter airport nearer than Southhampton (about 35miles), adequate (but no better than that) rail service to London and a poor service to the rest of the country. Bad road links thru the conurbation and beyond. What am I missing?

Italics are mine

referring to this property on sale for £M3.5, 1960s 4 bedroom 2 bathrooms 3 living rooms (dining, lounge, study?) in somewhat dilapidated condition. turn through streetview to see surroundings then come out to satellite view.

Does the location make such a big difference? Buyers will probably demolish it and build a 3 storey place similar to adjacent ones, that should cost at least another £M1+. (Sandbanks is currently 5th most expensive property in the world after Manhattan, Hong Kong, Tokyo and London, this property sets a new record for Sandanks of £1725 per square foot)

https://www.google.com/maps?q=Sandb...=0CTWwqyRjHGrqyHpDyZcXg&cbp=12,135.79,,0,9.33

 

[teddy]

The new buyers have already announced that they will demolish and rebuild, netting them an immediate profit in excess of one million pounds. The little Welsh village I grew up in suffered a similar fate, albeit on a much smaller scale. A one bedroom flat now sells for £140,000. This is down to the excellent sailing, waterskiing, fishing and a super golf course. Also a proper village with shops, four miles of sandy beach plus of course the wonderful hills behind it. My dreams of retireing there are now just dreams. A few miles along the coast property is much cheaper but does not have the atmosphere of Aberdyfi.

teddy

 

[EddieRUKiddingVare]

If youre not so worried about location try this one .............
For just $27,000 it’s possible to pick up a one-bedroom, one-bathroom former Masonic lodge building in Woomelang, Victoria Australia- comes with free kanagroos too.

Or if your after something of a renovators dream with lots of development potential look below. You can even have Barney Rubble next door. Check out the Street view for the full impact/ or as we say serenity downunder!
1959 Flats Drive, Coober Pedy, South Australia $39,500 Sale by Neg










Other

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Dugout

Free hold dugout sites 3 street frontages Opportunity to develop for dugout accommodation

 

[John Watt]

It's always amazing what you can pay when you wanna own to stay.
When I see Mayan or Egyptian ruins I'm looking at them like fixer uppers.
Living in a former Masonic Lodge would be a horrible psychic, if not spiritual,
dilemma for me.

My one girlfriend in Tillsonburg lived in a former bank,
her bedroom being in the former vault, kinda strange,
everything so quiet you could hear, uh, every breath.

 

[EddieRUKiddingVare]

Not good Karma hey

 

[JHC]

Any one that wants to live in a house at sea level must be nuts don't they see what is happening? eventually they will not even be sellable.

 

[EddieRUKiddingVare]

Good Point - maybe they should be asking more for the holes in the ground at Coober Pedy- not much chance of any kind of water there salty or fresh.

 

[teddy]

My cottage is about two hundred yards from the sea and we have not noticed any change in sea levels in the last 32 years. The last big increas was in 1205 AD. Not too worried. There are caves for sale in Spain but I would not like to live in one. We get a lot of light in our cottage and the end of the extension has a steeply sloping glass roof to maximise this. I love the light and the whole cottage is set up to maximise this.

teddy

 

[JHC]

You are right teddy but just in case here is a link to show the expected land that would be lost by various rises in sea level

http://www.wunderground.com/climate/SeaLevelRise.asp

 

[teddy]

Have not seen any panic measures by the people in the Netherlands. If anyone should be worrying I would have thought it would be them. Think of all those mice in all those windmills that would be drowned.

teddy

 

[Dorsetmike]

Had a quiet chuckle at a follow on in the local paper, the buyer of the £M3.5 property has been refused planning permission to knock it down and build bigger. I do ike it when some rich twit gets a slap down.

 

[JHC]

Have not seen any panic measures by the people in the Netherlands. If anyone should be worrying I would have thought it would be them. Think of all those mice in all those windmills that would be drowned.

teddy

They are building floating houses! they are prepared! shrewd

 

[teddy]

They are building floating houses! they are prepared! shrewd

They are called boats Colin!!!!!!

teddy

 

[Krummhorn]

. . . Does the location make such a big difference? . . .

It does here ... location is everything. In the 'bad' parts of town housing is cheap ... crime is rampant, and the neighborhoods are unkempt. In the far north is just the opposite ... housing costs are astronomical ($750,000 and upwards to several million) and communities are gated so there is little if any crime.

We bought a home in a moderate upscale area ... homes in our area have values of $200k to $350k, all are large homes (ours is 1,980 sq. ft.) with 2 car garages and tile roofs.

I have seen other prime properties with existing beautiful structures only to see them torn down and then the lot remains vacant and an eyesore for many years to follow, some never get re-developed and have been a lot of dirt for decades.

Kh ♫

 

[EddieRUKiddingVare]

$750,000 is an almost average cost here in Oz in the capital cities i.e. Sydney, Melbourne, Brisbane, Perth, Adelaide. A property value crunch hasn't happened here yet but will be ugly when it does.

 

[JHC]

They are called boats Colin!!!!!!

teddy

Yes teddy.
I first became aware of these 2 or 3 years ago watching a TV doco the house is built on a floatation tank made of concrete but unlike some is prevented from swaying and rocking by having several built in guide sleeves that rise/fall around pillars fixed into the ground hence they move with the water level.
Below are a couple of versions but are not the ones in the doco.


http://http://www.dailymail.co.uk/s...combat-increasingly-frequent-inundations.html

 

[teddy]

Fascinating Colin. I am aware that some house owners on the river Thames have raised their houses on stilts to avoid damage due to flooding. I wonder if the Thames Barrage has made this problem worse.

teddy

 

[JHC]

My neighbor live down by the river and when in flood it reaches his boundary fence the local authorities only give permission for new houses in that position if the are on sunken foundation piles (pole houses)