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Location, Location, Location viewers slam ‘pretentious’ first-time buyers

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Viewers branded it ‘karma’ after a couple missed out on their dream first property together after squabbling over paying an extra £5,000 to secure the final deal on Location, Location, Location – despite it being £30,000 under their £750,000 budget. 

In last night’s episode of the Channel 4 show, professional dancer Georgie and insurance underwriter Pete, who moved into a one-room studio flat in Kent three days before lockdown, were on the search for more space and their first property together.

The newly engaged couple had a £750,000 budget to do so – and it wasn’t long before they fell in love with a five-bedroom property in their dream location of Bexley, which had a guide price of £700,000 – £725,000.

However, with the knowledge that a previous offer had been rejected at £700,00, the couple went in at £710,000 only to get turned down – before being told the seller would only accept £720,000. 

After arguing over spending an extra £5,000, Pete was insistent that he initially only wanted to go to £715,000, which was rejected – leaving viewers questioning whether the young couple could afford such a high-end budget in the first place.

‘Why the hell does a childless couple need a 5 bed house? I’ve got three kids and don’t need that many. Pretentious much?’ wrote one, while a second joked: ‘Seriously… who are these people that can just throw £750k down on a first property – I debate spending £2 on a sandwich in Lidl on a lunchtime.’

In last night's episode of Channel 4's Location, Location, Location, Georgie and Pete (pictured) spent a staggering £720,000 on their first property together - but argued when it came to paying an additional £5,000 to secure the deal

In last night’s episode of Channel 4’s Location, Location, Location, Georgie and Pete (pictured) spent a staggering £720,000 on their first property together – but argued when it came to paying an additional £5,000 to secure the deal

The newly engaged couple fell in love with a five-bedroom property in their dream location of Bexley, which had a guide price of £700,000 - £725,000. Pictured, the living room

The newly engaged couple fell in love with a five-bedroom property in their dream location of Bexley, which had a guide price of £700,000 – £725,000. Pictured, the living room

The couple told how they were on the search for an open plan, kitchen-diner, and a living area that had a 'really nice flow to it.' Pictured, the living room the lead into the garden

The couple told how they were on the search for an open plan, kitchen-diner, and a living area that had a ‘really nice flow to it.’ Pictured, the living room the lead into the garden

The Victorian house features five good-sized bedrooms overs two floors - including a master with an en-suite. Pictured, one of the five neutral-coloured rooms

The Victorian house features five good-sized bedrooms overs two floors – including a master with an en-suite. Pictured, one of the five neutral-coloured rooms

The couple admitted the house was a lot bigger in the inside than it looked on the outside - and was delighted it was in their dream location of Bexley. Pictured, the garden

The couple admitted the house was a lot bigger in the inside than it looked on the outside – and was delighted it was in their dream location of Bexley. Pictured, the garden

A third added: ‘I do laugh at these couples ‘starting out’ in life and looking at getting on the property ladder with a three quarters of a million pound four bed house,’ while a fourth wrote: ‘Arguing over £5k? This couple cannot afford this house.’ 

During the episode, the couple knew exactly what sort of property and location they were after.

‘We’re looking for a four-bed house, within a ten minute walk of the station because we both commute into London every day,’ explained Pete. ‘We want a really open plan, kitchen-diner, and a living area that’s got a really nice flow to it.’

Georgie added: ‘All we really want to do is get out of London, have more space, and potential to grow.’ 

And estate agent Phil Spencer hit the jackpot when he took the couple to see a five-bed Victorian property located just off the pretty high street of Bexley village.

The property featured a large lounge with charming fireplace, good size kitchen-diner area and a generous garden, while upstairs, over two floors, boasted five good-sized bedrooms – including a master with an en-suite.

Phil took the newly engaged couple to see the five-bed Victorian property located just off the pretty high street of Bexley village. Pictured, the exterior

Phil took the newly engaged couple to see the five-bed Victorian property located just off the pretty high street of Bexley village. Pictured, the exterior

Taking to Twitter during the episode, one viewer penned: 'Arguing over £5k? This couple cannot afford this house' (pictured)

Another viewer penned: 'Why do you need 5 bedrooms when you don't have kids?'

Viewers were quick to take to Twitter following the episode, with many venting their frustration at the couple (pictured) 

‘It’s beautiful – high ceilings, coving, fire place,’ enthused Georgie. ‘It feels lovely and fresh and new but still characterful and charming and lovely. I really, really, really like it.’

‘Certainly the area for me as well, Bexley is our number one – we’re both in agreement with that.’  

Pete added: ‘I’m excited about this one. I like it a lot.’ 

The other property’s that the couple saw failed to compare to the Bexley house – and the couple agreed to put in an offer.  

However, when their first price of £710,000 was rejected, the seller informed them he’d only accept £720,000.

‘So we’re going to have to go £720,000 or nothing,’ said Georgie, to which Pete replied: ‘For me, if you’re going £7,000-£725,000, then £715,000 is the fair middle-ground.’

With tensions rising, Georgie added: ‘Yeah I know, but does it become about playing a game, or about buying a house because we can afford £750,000?’ 

One of the neutral-themed bedrooms in the five-property house located in the hot spot area of Bexley (pictured)

 One of the neutral-themed bedrooms in the five-property house located in the hot spot area of Bexley (pictured)

Georgie was delighted to see that many of the bedrooms boasted built-in storage (pictured) - something which the studio flat in Kent lacked

Georgie was delighted to see that many of the bedrooms boasted built-in storage (pictured) – something which the studio flat in Kent lacked

The couple were pleased to discover the master bedroom even came complete with its own en suite (pictured)

The couple were pleased to discover the master bedroom even came complete with its own en suite (pictured)

Phil Spencer chimed in: ‘I think Georgie’s point is valid. You’re trying to buy a home and actually the last few thousand pounds, it’s a great deal of money if you put it on the table, but actually the last few thousand pounds if that’s the home you want to buy, just bite the bullet and borrow it. 

But, equally, it’s my job to see you buy that house for as little as you can – and today;s price is £720,000.’

A concerned Georgie pointed out that she knew the value of £5,000 – but worried that her partner just wanted to feel like he’d ‘won.’ 

‘In my head, I think £715,000 is a fair comeback offer,’ replied Pete. ‘If we need to go to £720,000, we can go to it tomorrow or the next day.’ 

However, the offer was rejected once again and after Georgie broke down in tears, the next morning, the couple increased their offer to the asking price and was finally accepted.

But celebrations turned out to be premature because after a higher offer from another bidder, the couple were back to square one.  

But losing out didn’t mean giving up – because within two weeks they had an offer accepted on another five-bed house in Bexley for £740,000 – meaning they had to spend an extra £20,000 compared to the first property. 

‘It’s just around the corner from the one that we lost,’ said Georgie,’ to which Pete added: ‘You have to walk past it to walk to the train station! But we’ve actually got a better one.’ 

After their offer is rejected, Georgie (pictured) said to Pete: 'I know five grand is five grand, but I don't know if you just want to feel like you've won'

After their offer is rejected, Georgie (pictured) said to Pete: ‘I know five grand is five grand, but I don’t know if you just want to feel like you’ve won’

‘Wouldn’t pay 5k despite it being under budget. Had to cough up 20k more to get something similar. Karma,’ wrote one, while a second penned: ‘Gazumped so paid an extra 20k when he was stubborn over 5k.’

A third noted: ‘She is crying at a soulless over-developed house. I don’t get it,’ while a fourth commented: 

‘Can’t stand these huge open plan kitchen/dining/living room cold, white and grey spaces. They never look homely; surely the whole of the downstairs will reek of whatever has been cooked last?’

A fifth added: ‘A young couple wanting four bedrooms for their first home and complaining the rooms aren’t big enough in a perfectly ok house. Some of these people need to experience the real world.’

Meanwhile, a further penned: ‘Why do you need 5 bedrooms when you don’t have kids?! If they are planning kids she is going to have shock dealing with those steps, a pram and those ridiculous heels!’

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Tungsten and BC Partners launch €296m industrial JV (GB)

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Tungsten Properties have signed a transformative €296m (£250m) JV funding agreement with BC Partners. The newly formed joint venture company will target single and multi-let industrial opportunities across the UK, which will range from last-mile to big box logistics warehouses with a GDV of greater than €29.6m (£25m). Tungsten Properties will act as asset and development manager for the joint venture. With a strong conviction in the underlying occupational fundamentals of the industrial warehousing sector, the joint venture has already identified a strong pipeline to initially seed the partnership.

 

Jeff Penman, managing director, Tungsten Properties said:“This is a significant step in Tungsten’s expansion strategy to continue to deliver industrial and warehouse space to create growth, jobs and investor returns. This transformational JV agreement with BC Partners will provide reliable capital to continue delivering strategically located, environmentally friendly buildings across the UK. While there is volatility in the capital markets, both Tungsten and BC Partners believe that the industrial market’s long-term fundamentals remain strong. With a fighting fund behind us, we look forward to securing further opportunities.”

 

Laurian Douin, partner, BC Partners said: “The UK industrial and warehouse sector has strong secular fundamentals. Given Tungsten’s strong track record and like-minded approach to development, we are thrilled to partner with them to jointly invest in this asset class. The joint venture intends to deliver well-located, exceptional schemes to meet occupier demand, with a particular focus on schemes’ environmental credentials in-line with BC Partners Real Estate’s commitment to ESG.”

 

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Four homes for sale with swimming pools: With price tags from £1.1m to £190k

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Owning a property with a swimming pool might seem like one of life’s luxuries that is reserved for millionaires.

But, as our pick of homes for sale with swimming pools proves, you don’t have to have a multi-million pound property to have one.

That said, you may still need deep pockets for their upkeep, which can be costly, particularly if you want to keep your swimming pool heated to a comfortable temperature.

While water shortages and hosepipe bans are hitting the headlines, a pool that is already filled with water will not draw on resources but may be forbidden from being topped up by hosepipe in the case of a ban.

Our pick of four properties for sale with swimming pools are for various budgets, ranging from £1.1million to £190,000 (scroll down for more information about the house pictured)

Our pick of four properties for sale with swimming pools are for various budgets, ranging from £1.1million to £190,000 (scroll down for more information about the house pictured)

Here, we take a look at four swimming pools at properties for those with a range of different budgets.

At the top end is a six-bedroom house in Ramsgate, Kent. with an acre of land that includes an outdoor swimming pool. It has a price tag of £1.1million.

At the other end is three-bedroom property in Ashington, Northumberland, with an empty indoor swimming pool and an asking price of only £190,000.

Daniel Copley, of Zoopla, said: ‘With Britain currently experiencing a heatwave, it’s no surprise that homes with swimming pools are proving to be increasingly popular.

‘Whether your budget is more in the deep or shallow end, some homes with pools may be more affordable than you think.

‘While the rise in energy bills will have a very real impact on those wanting to heat a pool, at this time of year a refreshing dip may be just what’s needed.’

Four properties with swimming pools… 

1. Six-bed house, Ramsgate, £1.1m

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent, which is being sold by Miles & Barr estate agents

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent, which is being sold by Miles & Barr estate agents

The property is called Pond Cottage and it boasts a large outdoor swimming pool that has a curved slide at the side

The property is called Pond Cottage and it boasts a large outdoor swimming pool that has a curved slide at the side

Inside the property, the entertainment facilities continue - with a cinema room that has black chairs and a red carpet

Inside the property, the entertainment facilities continue – with a cinema room that has black chairs and a red carpet

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent.

It boasts more than an acre of land that includes a large outdoor swimming pool, a patio and a pool area.

The property is called Pond Cottage and it is being sold by Miles & Barr estate agents.

2. Five-bed semi-detached house, Welling, £625k

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front aspect

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front aspect

A slimline swimming pool has been added to the rear of the house and it has been covered to protect it from the elements

A slimline swimming pool has been added to the rear of the house and it has been covered to protect it from the elements

The Kent property is on the market with a price tag of £625,000 and the sale is being handled by estate agents MS Estates

The Kent property is on the market with a price tag of £625,000 and the sale is being handled by estate agents MS Estates

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front.

But a slimline swimming pool has been added to the rear of the house. It is on the market for £625,000 via MS Estates.

3. Five-bed house, Ripon, £450k

This three-bedroom house in Ripon, North Yorkshire, was once a barn and has been converted into a family home with a swimming pool

This three-bedroom house in Ripon, North Yorkshire, was once a barn and has been converted into a family home with a swimming pool

The curved shaped indoor swimming pool sits below wooden beams and has a separate bar area for entertaining

The curved shaped indoor swimming pool sits below wooden beams and has a separate bar area for entertaining

The barn conversion has a colourful interior and is on the market for £450,000 via Solo Property Management estate agents

The barn conversion has a colourful interior and is on the market for £450,000 via Solo Property Management estate agents

This three-bedroom barn conversion in Ripon, North Yorkshire, boasts an indoor swimming pool and bar area.

It is on the market with a price tag of £450,000 and the sale is being handled by Solo Property Management.

4. Three-bed house, Ashington, £190k

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools

The 1930s detached property has an indoor swimming pool that isn¿t currently being used because it has been left empty

The 1930s detached property has an indoor swimming pool that isn’t currently being used because it has been left empty

The three-bedroom property is currently for sale for £190,000 and is being sold via Rook Matthews Sayer estate agents

The three-bedroom property is currently for sale for £190,000 and is being sold via Rook Matthews Sayer estate agents

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools.

It is a 1930s detached property with an indoor swimming pool that isn’t currently being used as it is empty.

The property is for sale for a relatively cheap £190,000 and is being sold via Rook Matthews Sayer estate agents.

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Barwood Homes invests in Woodville resi scheme (GB)

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Harworth Group plc has completed the sale of an eight-acre land parcel at Woodville, Derbyshire to Barwood Homes for the delivery of 73 new houses. This represents Harworth’s first transaction with the Northampton-based housebuilder. The land parcel forms part of a 53-acre regeneration site which is owned by Beepart Ltd, part of Dyson Group, the Sheffield-based former manufacturer of industrial materials. Harworth is promoting the site on its behalf through a Planning Promotion Agreement. In April 2022, South Derbyshire District Council granted outline consent for the creation of up to 300 homes on the site, in addition to a c.30,000ft² local center with convenience retail and leisure amenities and over 150,000ft² of employment space for a range of uses.

 

The wider site has been unlocked by the delivery of Derbyshire County Council’s Woodville to Swadlincote Regeneration Route, which opened to traffic in December 2021, providing better access to Swadlincote and traffic relief in Woodville, as well as improved connectivity across the site. Preparation works will commence shortly for the next phases of residential and employment land sales at the development.

 

Ed Catchpole, Regional Director for Yorkshire & Central at Harworth, commented: “This sale is a fantastic start to the development at Woodville and we are pleased to welcome Barwood Homes to the site, who will deliver high-quality new housing for the local community. Our focus is now on bringing forward the rest of the development, utilising our extensive experience in the remediation of complex sites, including earthworks and infrastructure, to ready the remaining residential and employment land.”

 

Luke Simmons, Managing Director of Barwood Homes, added: “We are delighted to be working alongside Harworth on this exciting development. The team is looking forward to engaging with the local community as we gear up to deliver a scheme of excellent quality in design, build and service.”

 

Gavin Rosson, Managing Director of Dyson Group, added: “This first sale of a residential portion of the site is an important step in unlocking the full development potential of the whole, something we have been trying to achieve for many years. Such development will help regenerate Woodville and the surrounding area, somewhere we have had a presence since 1967 and are delighted to participate in.”

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