Monday, 10 June 2013

Portobello Road

Portobello road, Portobello road
Street where the riches of ages are stowed.
Anything and everything a chap can unload
Is sold off the barrow in Portobello road.
You’ll find what you want in the Portobello road.


And that includes an exquisite apartment with a £250k reduction.

http://www.rightmove.co.uk/property-for-sale/property-38107129.html


EA linguistics

There's nothing at all remarkable about this house (apart from the £650k price tag for a terrace in East Finchley), but it illustrates some futile linguistic gyrations by the estate agent.

The vendor clearly wants to achieve over £600k for it.  They initially tried asking for offers in the region of £650k, then went with offers in excess of £600k before reverting back to offers in the region of £650k.  The only thing we can infer from this is that so far, there have been no offers anywhere near the price they want.

http://www.rightmove.co.uk/property-for-sale/property-26263863.html

Wednesday, 5 June 2013

Gloucester Lodge

Top of the drops today is a £2m cut on the Nash Villa adjacent to Regent's Park.



http://www.rightmove.co.uk/property-for-sale/property-37274566.html

Monday, 3 June 2013

A bed showroom for how much?

A commercial building on North End Road has just come onto the market at £5m.  Not just any commercial building but a former church currently being used as a bed showroom. 

At that price yield of 3% would put the yearly rent at £150,000.  That's a lot of beds to sell before you've even thought about paying for staff and heating costs.

It's not surprising that the landlord has decided to sell the place off to be converted into apartments.

http://www.rightmove.co.uk/commercial-property-for-sale/property-39184924.html

Eaton Place

£300k reduction on a first floor apartment in Eaton Place.


http://www.rightmove.co.uk/property-for-sale/property-41036888.html