{"id":112406,"date":"2019-11-16T14:00:31","date_gmt":"2019-11-16T07:00:31","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-flat-was-161950-in-2007-now-im-offered-just-28000\/"},"modified":"2019-11-16T14:06:31","modified_gmt":"2019-11-16T07:06:31","slug":"my-flat-was-161950-in-2007-now-im-offered-just-28000","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-flat-was-161950-in-2007-now-im-offered-just-28000\/","title":{"rendered":"'My flat was \u00a3161,950 in 2007 \u2013 now I'm offered just \u00a328,000'"},"content":{"rendered":"


\nSome apartments from Britain\u2019s biggest retirement builder have dived in value due to hefty chargesWhen Tony Cross\u2019s father was the first buyer at a McCarthy & Stone retirement development in Folkestone, Kent, he thought he was getting a bargain. The sales rep offered him an \u201cearly bird\u201d discount, knocking \u00a33,000 off the cost of a one-bed flat, selling it to him for \u00a3161,950 in 2007. But since inheriting it four years ago, Cross has been unable to find a buyer, and is considering selling it to a \u201cbuy it now\u201d company \u2013 for just \u00a328,000.How could a relatively newly-built apartment in good condition, with more than 100 years remaining on the lease, collapse in value so spectacularly? The average apartment in Folkestone has gone up in price from \u00a3137,000 to \u00a3162,000 since 2007 \u2013 so why is the McCarthy & Stone flat potentially going for less than the price of a garage in the seaside town? Continue reading…
\n
\nSource : theguardian.com
\nRead more…‘My flat was \u00a3161,950 in 2007 \u2013 now I’m offered just \u00a328,000’<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Some apartments from Britain\u2019s biggest retirement builder have dived in value due to hefty chargesWhen...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-112406","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tf0","jetpack-related-posts":[{"id":24208,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lets-move-to-folkestone-kent-tom-dyckhoff\/","url_meta":{"origin":112406,"position":0},"title":"Let\u2019s move to\u2026 Folkestone, Kent | Tom Dyckhoff","date":"January 9, 2015","format":false,"excerpt":"\r It\u2019s not the new Hastings. It\u2019s the new and, indeed, the old Folkestone \u2013 and all the better for itWhat\u2019s going for it? We\u2019ve been to Folkestone before, in distant, heady times before iPhones and credit crunches, when I probably said it was the new Hastings or something. In\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114654,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-cant-afford-a-flat-in-london-even-though-ive-saved-a-deposit\/","url_meta":{"origin":112406,"position":1},"title":"I can't afford a flat in London even though I've saved a deposit","date":"March 2, 2020","format":false,"excerpt":"\r I\u2019ve lived in Wanstead all my life and my hopes were raised by an \u2018affordable\u2019 developmentQ Since graduation from art college in 2009, I\u2019ve been able to live at home rent free so despite being on a lowish salary of \u00a320,000 as a trainee teaching assistant, I have managed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146823,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-brother-has-fallen-victim-to-the-retirement-home-transfer-fee-money-grab\/","url_meta":{"origin":112406,"position":2},"title":"My brother has fallen victim to the retirement home transfer fee money grab","date":"August 26, 2024","format":false,"excerpt":"\r He and others continue to be fleeced by an \u2018indefensible revenue stream\u2019 set up by freeholdersIn 2022 my brother bought a flat in a retirement complex built by McCarthy Stone. A year later he had to move to a care home because of cognitive difficulties, and I am now\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":146604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-have-been-left-cold-and-wet-in-our-leaking-retirement-home\/","url_meta":{"origin":112406,"position":3},"title":"We have been left cold and wet in our leaking retirement home","date":"July 30, 2024","format":false,"excerpt":"\r For 10 months McCarthy Stone have failed to repair the roof that is letting in waterI am 80 and my wife 79, and we live in a McCarthy Stone retirement development. The main reason we moved was to relieve ourselves of building maintenance worries, one of the advertised selling\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-association-charges-100-fees-for-selling-a-shared-ownership-flat\/","url_meta":{"origin":112406,"position":4},"title":"Housing association charges 100% fees for selling a shared-ownership flat","date":"April 9, 2018","format":false,"excerpt":"\r My daughter owns 40% of the flat so surely her association should charge her fees based on her share?Q Two years ago, my daughter and her partner bought a 40% share in a shared-ownership housing association flat in Hackney, east London. Her company is relocating so they are having\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84998,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/profits-drop-52-at-retirement-housebuilder-mccarthy-stone\/","url_meta":{"origin":112406,"position":5},"title":"Profits drop 52% at retirement housebuilder McCarthy & Stone","date":"April 11, 2018","format":false,"excerpt":"\r \r \r Source : ft.com\r Read more...Profits drop 52% at retirement housebuilder McCarthy & Stone","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112406"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=112406"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/112406\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=112406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=112406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=112406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}