if anybody knows flitwick in bedfordshire, barrat have these luxury flats by the station and they want 220k for the best of the bunch, and you have to pay a service charge of 1k a year and its only a lease hold, total madness, they wont let you negotiate with them, they just parrot out that they are offfering 25% for 10 years and thats that, they are trying to sucker in the last few morons but i dont think its working, the place is a ghost town and i think they have sold less than half of the 120 flats they have built, the 25% for 10 years is actually worth about 17k in real terms and i think the flats will be worth 120-130k in 3-4 years time without a doubt, interesting times ahead, plenty of new build houses in the area are just not shifting and it looks like all the local baby boomers are trying to flog there houses for 800k+, i dont think this area will fare to well in the coming crash

Sorry, I don't quite understand - '25% for 10 years'? Do you mean that they give you 25% of your purchase price back after 10 years?


Peter.

That site was built on a (now cleaned up) metal works landfill. Bought for £1.

yeah i know, they dumped all kinds of crap in there, unbelievable, not sure i trust it would have been cleared up properly either, not somewhere you want to live for too long, i may take the geiger counter for an inspection lol. The 50k i was talking about they give you it 0% for 10 years and then you have to pay it back.

just had an offer of 200k rejected on a new build 4 bed house, its a fair offer given location and the house itself, it would prob rent out for 900-1000 a month, why would i want to pay 290 and more to the point who do they think will pay 290 this new build estate is 3/4 empty, at what point do they begin to drop the prices, these developers are going to lose their shirts