PLEASE NOTE : The opinions and observations that I display on this forum are of a personal nature. I am not a professional within the financial sector, I represent no platform and my remarks should not be taken as advice. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.
Rightmove shows a similar 2 bed dormer property on the same road sold for just £76k in June 2015. I wonder why the desktop valuation report fails to mention that one
The wording used in the report and loan details does not entirely inspire confidence "Accommodation is understood to comprise". As the properties are already owned surely this information could be confirmed.
Collateral Rep is the security freehold or leasehold for this specific property as the land registry property search indicates the property is part of a much larger title comprising much of the road but there is also a leasehold title. Not sure how we could take security on part of a multiple site freehold title
Minor shareholder in Assetz Capital, Brickowner and now Welendus
PLEASE NOTE : All opinions and observations made on this forum are my own view and made in a personal capcity. I have no links to any platform and I am not a financial professional so nothing posted should be consider financial advice or promotion. I accept no responsibility or liability for the accuracy, content, completeness, legality, or reliability of the information contained in my posts.
Re BL00056 and BL00057. Both these are described as W**ls**d although that may be down to the postal description. Probably not Newcastle but North Tyneside Council. This area is older suburban housing and is near the road up towards what would have been the former industrial estates with a big Asda bathroom warehouses and shoe emporiums. However the community s well established. The nearby dual carriageway of the Coast Road is a pain at rush hour and seems to have been roadworks for years. The area is quite big into housing benefits in my experience. However it has an excellent medical centre and GPs surgery with on site pharmacy.
Both the houses seemed to me (I have owned houses nearby) to be a little on the high side as supported by some of of the Rightmove data. Although the last can be way out. What I do know from recent experience of house hunting is that wider area there have been a fair number of similar houses sitting on the market. About half a mile away there is a vast (and I mean vast) number of new builds. Some complete and some just finishing. They will have to find owners and they are advertising some cheap deals on their showroom boars.
Last Edit: Jan 13, 2018 20:28:09 GMT by notascooby