The Inside Edge
Interestingly I’ve just been asked to dispose of a chunk of garden. It sounds simple and relatively inexpensive. A couple of years ago an agent in Knightsbridge was asked to dispose of a garage, and by the way this story has buggered up almost all garage sales since.
The agent suggested a guide that sounded pretty punchy, c. £150k I recall, and expected to get offers on what was, after all, a single lock up garage with no other planning angles. What they didn’t expect was to get two super rich egos to decide they wanted to have a ‘mine’s bigger than yours’ competition. The resulting price was over four times the guide and the owner must have though all their Christmases had come at once.
I’m not sure the garden will go the same way but it is possible. Surrounded by some of the most expensive real estate anywhere in the world, nine stucco fronted porticoed jobbies to be precise, lived in mostly I suspect by people who move money around and get paid a fortune for doing so.
It’ll be fascinating to see what someone will pay to add c.1000 sq ft of outside space, that can only ever be a garden, to their pile especially given that one or two are woefully short on outside space. More soon……….
Ed Mead is a regular contributor to The Big Property List blog. An Estate Agent for over 30 years, he has been writing and commentating on the market for over half of that as the Sunday Times Property Expert and The Agent Provocateur for the Telegraph. He sits on the Board of The Property Ombudsman Ltd, has a regular LBC slot, and is happy to say it as it is.