The only thing I know about house values is that it's going crazy in more rural locations as so many folk have realised they neither need, nor want, to live in the city as a result of the CV pandemic.
We're seeing eye-watering price increases but that must mean reduced demand elsewhere - in the cities? As for Edinburgh in particular, I guess that longer term demand might also be affected by the likelihood of independence. I'd expect a bit of a boom in that event.
The works have been done. Still in dispute about how much to pay.
I don’t quite understand the post
I am talking about the new flat.
Do the stat notices apply to works that need to be done, or have been done?
I was pointing out your experience with your flat, has you well placed to take on the new flat. The thread is about the new flat, your previous shenanigans are an interesting side note...
IE the tshirt would say "if anyone knows about stat notices TJ does."
Look on the downsides, what if you had issues - whether legal or building etc - still worth the bet?
And from looking at colleagues (I work in the Gyle, although not been there for a while 🙂 ) I'm not hearing of anyone buying a flat in Edinburgh, but I am seeing folk moving out to the (far) suburbs.
Not sure about North/West of the city but decent property in the Borders is selling as soon as it hits the market. Must be worth looking elsewhere if you're after a return.
TJ; it is Embra prices but does the risk match the reward.
Back of fag packet calculations only - we would need to invest £350 000ish for a profit of £50 000+ if the market rises next spring then any rise is added to the profit market falls we make no profit. Loss is unlikely IMO
this is assuming the only will sell at that price but due to the stat notice shinanegans she would receive more cash as 1) her lawywer would not have to hold a huge retention to cover any possible stat notice charges ( she would get the excess back eventually) and anyone not in my position would want a discount to cover the risks from the stat notice
5 plus 8 - the work is already done.
the flat in question is across the hall from me thus making renovations very simple logistically
again a reason why its worth more to me. It would also mean we owned the entire top floor ( albeit briefly as it would be to sell on not rent)
ahh OK, this explains a lot. The stat notices issue is the same as your previously reported issue!
As I said, it seems you are leveraging your experience when it comes to the risk of taking on the stat notices?
As I said, it seems you are leveraging your experience when it comes to the risk of taking on the stat notices?
yes partly.
FWIW, risking my own money? Possibly. Risking someone else's? No way. I just couldn't do that.
