A holiday business in Devon!

amazing holiday businessYou might have noticed I really love the South West of England, especially Devon and Somerset. This place is a holiday business that could be amazing fun to run!
Kentisbury Grange – 9 bedroom detached house for sale
Exmoor Fringe, Barnstaple, Devon, EX31
Picture 4 is well worth a look – it’s an impressive window on the staircase!
It says POA but it’s listed with properties priced at Guide Price £1,950,000 either side of it.

* 9 bedroom country house
* 3,700 sq.ft function suite
* 3 bedroom holiday cottage
* 10 self-catering chalets
* PP for a further 12 chalets
* PP for 58 holiday statics
* 10 touring pitches
* Tea rooms and 7.21 acres

From weddings to world cups…

Does bunting lower the tone of a property? Does a street decked out in bunting make you feel ill, or does it make you realise that the street has a great community spirit?

For some people it’s essential to decorate their house with flags for almost any event – certainly the Royal Wedding has caused shops to sell out of bunting here in Oldham.

Will anyone be viewing houses today?

Shaldon Victorian house – so pretty!

Shaldon houseThis house at Shaldon is really amazing – it looks different from each side and I think it’s in a great location too!

This building has the Clock Tower, which is faced in stone with a gallery around the clock, which has a wind vane and bell above. On the clock face is written the words “after time eternity”

Fonthill – 10 bedroom character property for sale in Shaldon
Guide Price of £1,950,000
See it’s listed building information here

Repossessed houses to be rented

Lloyds Banking Group is to create a mechanism to help restore the value of thousands of non-performing home loans with Grainger, the UK’s largest listed residential landlord.

This is an interesting development. Are they trying to avoid having to sell at a loss as house prices fall? I suspect so.

Is it a good thing?

It might not be good for the person who is having their house repossessed. What value is being placed on the property if it is being passed to a landlord? Is it a fair market value? Surely the fair market value would be achieved by placing it for sale on the open market as is the way with repossessions normally.
If they don’t sell the asset then how do they assign a value? Is the landlord paying the same amount at the mortgage outstanding? If not then Lloyds (a tax payer part owned bank – Lloyds, a huge % owned by the taxpayer!) is not doing the tax payers any favours.

Will the extra rental properties on the market further help decline rents making it an even worse idea for the banks?
What if the banks’ landlord has to shell out for many repairs and upgrades to the property?
Does it make financial sense still?

I think this whole idea of propping up the housing market is wrong – I understand why they’re doing it – because of Gordon Brown’s messing with the banks and propping them up – the tax payer will have to continue to suffer in many ways because of the continued propping up of property prices.

Presumably this landlord company will be taking hefty fees for managing the properties too – so will Lloyds make any money from this?

Grand Design house in Bath for sale

Bath Grand Design houseCecil house is for sale

The Daily Mail has a story : about them wanting to sell this one so they can do another.
Cecil House first went on the market for £2.85million, soon after it featured on Grand Designs.

The Woods took it off, however, when the building plot they were hoping to buy was sold. They tried again, last autumn, at £2.15million.

And as you can see on rightmove it’s now on for sale at £2,250,000

Fancy watching the Grand Design Episode again?

Series 6 Episode 6 Grand Designs (48 mins)

First Broadcast: Wednesday 20 Feb 2008 Channel 4

Bath may be famous for its Georgian architecture, but Tiffany Wood and her husband Jonny have chosen it as the location to build themselves a striking Modernist home.