Daily Archives: October 28, 2008

Would you pay £7,000,000 for this?

needs workWould you pay NZD$19,950,160?

Here’s the description…

Completely unmodernized, beautiful grand, freehold, period house offering approx 4,654 sq feet of living space organized in 3 large reception rooms, 5 bedrooms (2 en-suite), dining room, kitchen and a large conservatory.
This house offers a great opportunity for a residential development either for an individual or a company looking to invest.
Apparently the agent reckons once its renovated it would fetch a cool £10,000,000 (NZD$28,500,228), and he’s even jumped the gun on the next question…”How much to complete the job?” needs a bit more work
He has a quotation from a builder of £600,000 (NZD$1,710,014).
It helps that it’s in Knightsbridge, London SW3.
London SW3 Average asking prices
Studio Flats £909,074
1 Bed Flats £508,618
2 Bed Flats £944,969
3 Bed Flats £1,637,944
2 Bed Houses £1,407,500
3 Bed Houses £2,468,800
4 Bed Houses £3,067,059
Any prospective buyer would feel confident it’s in the right area set amongst other similar homes.

And as noted on findaproperty.com, your local corner shop is Harrods.