We’re not joshing with you – there’s a 4 bedroom house up for sale in Croydon with a guide price of £5,000. That’s about half a year’s rent in London – for an ENTIRE house. This is obscene. We’re tempted to buy it ourselves… Crap, we probably shouldn’t be telling you guys about it. It’ll only be more competition for us at auction.
Ok, so the ad on Right Move does state that the guide price isn’t the valuation of the property. It is going to auction this month, so it’s a case of £5,000 being the reserve price. Even so, it’s a pretty low starting figure for a London location. The property itself, however, does need a lot of work. We’re willing to take a trip to B&Q, grab some mates, some beers and give the place a lick of paint. IT’S FIVE THOUSAND POUNDS.