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Post by GSV3MIaC on Sept 30, 2016 15:30:07 GMT
FYI (local knowledge input) .. the site is now 'for sale' by Holters. I can't reveal the site name, but a hint would be that CD wouldn't be impressed .. the asking price is £1,250,000 which is just a tad more than the quoted value, so I guess the security is still pretty secure at the LTV quoted, but I do wonder why the original purchasers, having bought/stripped/demolished it are now trying to sell it on, rather than develop it and pocket the profits. Any thoughts savingstream ? |
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cooling_dude
Bye Bye's for the PPI
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Post by cooling_dude on Sept 30, 2016 15:38:41 GMT
FYI (local knowledge input) .. the site is now 'for sale' by Holters. I can't reveal the site name, but a hint would be that CD wouldn't be impressed .. the asking price is £1,250,000 which is just a tad more than the quoted value, so I guess the security is still pretty secure at the LTV quoted, but I do wonder why the original purchasers, having bought/stripped/demolished it are now trying to sell it on, rather than develop it and pocket the profits. Any thoughts savingstream ? I've known about this for just over 2 weeks... A PM and some good research by annrosehorse along with PP details. All looks good TBH; one of the better sub-100 days loans on SS ATM (and one of the few I hold). Can be found quite easily on Rightmove 
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twoheads
Member of DD Central
Programming
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Post by twoheads on Jan 23, 2017 10:43:47 GMT
SS have just added 30 days to the remaining period. 10:40am.
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jfm
Member of DD Central
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Post by jfm on Jul 12, 2017 10:21:24 GMT
Currently on the market as "Offers in Region of £725,000"  |
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r1200gs
Member of DD Central
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Post by r1200gs on Jul 12, 2017 10:30:23 GMT
Currently on the market as "Offers in Region of £725,000" Been at that price for a couple of weeks now - doing the sums show that full recovery is looking unlikely Was recently on at £900k (or between £850k to £900k) And a valuation of 1.2 million. This has to stop.
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fp
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Post by fp on Jul 12, 2017 10:39:11 GMT
Been at that price for a couple of weeks now - doing the sums show that full recovery is looking unlikely Was recently on at £900k (or between £850k to £900k) Don't tell ozboyOOPS 
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ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 13, 2017 10:55:57 GMT
I Love VRs  |
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Post by martin44 on Sept 25, 2017 12:24:06 GMT
Still for sale on holters and now down to £725k. My guess at auction £350-£400k , 30% of original VR.  |
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keith
Member of DD Central
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Post by keith on Feb 15, 2018 12:35:44 GMT
It seems that this one has just partially repaid. Amount outstanding is now #210,706
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elsee
Member of DD Central
Retired:D
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Post by elsee on Apr 20, 2018 9:22:58 GMT
Showing another payment on "claims underway" with today's date but I haven't had an email
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adrianc
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Post by adrianc on Jun 16, 2019 17:41:54 GMT
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Monetus
Member of DD Central
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Post by Monetus on Jun 16, 2019 19:25:15 GMT
My hometown is Bridgnorth just down the road. Definitely agree this is/was a total dog from day 1.
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Post by GSV3MIaC on Jun 17, 2019 9:45:14 GMT
Small world, I'm halfway between you and Ludlow.
Personally I thought there was scope to build this into something profitable, given proximity to station, and other developments in the area, as long as there were no nasties in the survey. I was surprised when the buyer just demolished and then tried to sell it on.
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adrianc
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Post by adrianc on Jun 17, 2019 11:13:49 GMT
Small world, I'm halfway between you and Ludliw.
<waves from a bit further south on the border, DFL015-land>
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travolta
Member of DD Central
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Post by travolta on Jun 17, 2019 20:30:28 GMT
Small world, I'm halfway between you and Ludlow.
Personally I thought there was scope to build this into something profitable, given proximity to station, and other developments in the area, as long as there were no nasties in the survey. I was surprised when the buyer just demolished and then tried to sell it on. Some one scooped it up cheaply and has thrown up some 'dog kennels' and is selling them off to develop the rest of the site. SS screwed up on the first valuation . The site had been blighted for years . Owned by a local councillor who was 'unable to sell' due to complications over a family trust. Handy for the station, but who in Craven Arms can afford the fares? Did you notice the Care Home Development failure on the other side of the line? Craven Arms has a lot of problems from relocated distressed families . Not an attractive prospect for buyers.
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