Picture of the Week: And it’s a familiar sight. This isn’t even the first time we have afforded it the accolade.
This is the home of Poundland founder and one-time online estate agency owner Steve Smith.
Now on the market at a guide price of £3.95m, it’s rather cheaper than in 2014 when he put it up for sale at £6.5m through his online agency Estates Direct.
At the time, he said he would be saving around £115,000 in estate agency fees.
Alas, the property failed to sell, and he cut the price to £5.75m. It still didn’t shift and last June, Smith put it with Knight Frank at £3.95m.
It is now newly on the market with a second agent, Andrew Grant, at the same price, popping on to Rightmove a few days ago.
Smith says no expense has been spared on the lavish property whose features include an indoor pool, hot tub and a home pub with a fully stocked bar.
Estates Direct is no more but, perhaps unsurprisingly, did raise £500,000 via crowd-funding, attracting 191 backers who thought they saw the future.
http://www.rightmove.co.uk/property-for-sale/property-65206231.html
https://www.propertyindustryeye.com/ex-poundland-boss-puts-6-5m-home-sale-online-agency/
I know why it hasn’t sold (aside from the unspeakably naff monogrammed carpets and that awful ‘pub’). It’s no good for Buy to Let. The EPC rating is only an F. 😉
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It hasn’t sold because it is too much money! A property is worth what someone is prepared to pay, not what the agent or vendor says its worth.
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I’ll give him a quid!
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It just shows money can’t buy you taste
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How much are Knight Frank charging him for multi agency fees?
And after Knight Franks fees how much will he save as his earlier prediction was he was saving £115,000 with his online agent!!!!!!
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He’s lost £2.55m so far chasing buyers to no avail. Someone needs to push it towards the retirement home market.
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why are there 3 EPC’s on it? Rip out most of the furniture and it could be worth it, but good gods, that bedroom! George the 4th would have turned his nose up at it…
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Er … CountryLass – because there are 2 lodge cottages!
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Anyone caring to search the whole listing history of the property is in for a treat!
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