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Also this “close to the sea front” land you have posted appears to be “close to the sea front” in the sense of “being in the middle of a housing estate somewher

Also this “close to the sea front” land you have posted appears to be “close to the sea front” in the sense of “being in the middle of a housing estate somewhere near the sea” not an actual beach. And that’s valued at 130,000? I’m just sayin’ 7000 does not buy very much land in the UK. Not anywhere.

phphphphp 4y ago
Oh, so you acknowledge that the listed price of £130,000 is the value? Thank you, so by extension you acknowledge that £7,000 was the sale price of the piece of beach. I'd also suggest you re-read my comment: land has value when it has planning permission. The £130,000 piece of land is valuable because it has planning permission that would allow a developer to sell a house for ~>£250k on it. The size and location of land is immaterial to the value of land unless the size and location increase the amount of money that can be extracted from the land -- typically through development. The entire point of my comment is that the desirability of land is not based on how cute it is (a slice of beach) but rather what it can be used for (even if it's in the middle of a housing estate). I'll stop commenting now because I'm just beating a dead horse (...or donkey, I guess your land could be used to offer beach front donkey rides, so that's something...). I wish you luck, it's clear you've been taken advantage of and that's unfortunate: if you come to your senses, there's lots of land all over the UK that is actually valuable, and once you cut off your current partners and partner with some legitimate property industry people instead, I am sure you can make a much better go of NFT property sales :) Good luck!
- leashless 4y ago
  As noted the 7000 was a transaction fee. The land was part of a more complex deal. As for the rest of this: land gets planning permission when plans are presented - which is what property developers do for a living. I would not expect somebody to plank down >1m on an asset they had no idea how to utilise: the expectation is the land will sell to a developer who is ready to go through that process. What else would anybody do with it?
  - phphphphp 4y ago
    Nobody is going to buy it for >£1m because it's worthless. That's the point. Although at this point I am not sure what your story is, if I understand it correctly, you're saying West London Lets bought it for >£1m with no idea what to do with it...? Except they didn't, are you finally going to give up that charade given that you can see the purchase price on your own website? Here, read this: https://passport.mattereum.com/West.London.Lets.01/01_Identity/assets/out/Official_Copy_of_Register_EDOC_REGISTRATION_HP123436.pdf https://passport.mattereum.com/West.London.Lets.01/01_Identi... "Title absolute 1 (28.02.2022) PROPRIETOR: WEST LONDON CITY LETS LIMITED (Co. Regn. No. 09214284) of 68 High Worple, Harrow HA2 9SZ. 2 (28.02.2022) The price stated to have been paid on 20 October 2021 was £7,000. 3 (28.02.2022) The Transfer to the proprietor contains a covenant to observe and perform the covenants contained within the registers of the..." If you're going to lie, at least make sure your own website doesn't betray you :) Or, going back to the original point about stamp duty, the alternative is that your partners engaged in fraudulent reporting to evade stamp duty and your comments here are exposing them.
    - leashless 4y ago
      As noted, we have an independent valuation on file. And the 7000 was part of a more complex transaction. You simply don’t know what you’re talking about. You cannot buy a chunk of English coastline for 7000! That’s just batshit. On your bike mate.
      - phphphphp 4y ago
        A complex transaction that took place through a single public listing at an auction house. That’s exactly how complex property deals happen. Unfortunately, you’ve said I would have to sign an NDA to get more info from the seller which would make the whole exercise pointless. I will make an alternate offer: I will pay £10,000 to the charity of your choice if you show documentation that proves the land has been independently valued at more than £1m (by someone accredited) and that the land was purchased for more than the amount shown on the land registry. I am sure, in the cold light of day, tomorrow, you’ll realise you’ve been had and you’ll have to have an awkward conversation with West London Lets where they reveal that actually it was purchased for £7k and actually they’ve valued it at £1.9m based on the assumption it can get planning permission and then you quietly remove all the posts about it from your website and pretend this never happened. I won’t hold it against you, but do implore you to reconsider your approach to who you work with. With partners like West London Lets, who needs competitors?

phphphphp 4y ago

Oh, so you acknowledge that the listed price of £130,000 is the value? Thank you, so by extension you acknowledge that £7,000 was the sale price of the piece of beach. I'd also suggest you re-read my comment: land has value when it has planning permission. The £130,000 piece of land is valuable because it has planning permission that would allow a developer to sell a house for ~>£250k on it. The size and location of land is immaterial to the value of land unless the size and location increase the amount of money that can be extracted from the land -- typically through development. The entire point of my comment is that the desirability of land is not based on how cute it is (a slice of beach) but rather what it can be used for (even if it's in the middle of a housing estate). I'll stop commenting now because I'm just beating a dead horse (...or donkey, I guess your land could be used to offer beach front donkey rides, so that's something...). I wish you luck, it's clear you've been taken advantage of and that's unfortunate: if you come to your senses, there's lots of land all over the UK that is actually valuable, and once you cut off your current partners and partner with some legitimate property industry people instead, I am sure you can make a much better go of NFT property sales :) Good luck!

leashless 4y ago
As noted the 7000 was a transaction fee. The land was part of a more complex deal. As for the rest of this: land gets planning permission when plans are presented - which is what property developers do for a living. I would not expect somebody to plank down >1m on an asset they had no idea how to utilise: the expectation is the land will sell to a developer who is ready to go through that process. What else would anybody do with it?
- phphphphp 4y ago
  Nobody is going to buy it for >£1m because it's worthless. That's the point. Although at this point I am not sure what your story is, if I understand it correctly, you're saying West London Lets bought it for >£1m with no idea what to do with it...? Except they didn't, are you finally going to give up that charade given that you can see the purchase price on your own website? Here, read this: https://passport.mattereum.com/West.London.Lets.01/01_Identity/assets/out/Official_Copy_of_Register_EDOC_REGISTRATION_HP123436.pdf https://passport.mattereum.com/West.London.Lets.01/01_Identi... "Title absolute 1 (28.02.2022) PROPRIETOR: WEST LONDON CITY LETS LIMITED (Co. Regn. No. 09214284) of 68 High Worple, Harrow HA2 9SZ. 2 (28.02.2022) The price stated to have been paid on 20 October 2021 was £7,000. 3 (28.02.2022) The Transfer to the proprietor contains a covenant to observe and perform the covenants contained within the registers of the..." If you're going to lie, at least make sure your own website doesn't betray you :) Or, going back to the original point about stamp duty, the alternative is that your partners engaged in fraudulent reporting to evade stamp duty and your comments here are exposing them.
  - leashless 4y ago
    As noted, we have an independent valuation on file. And the 7000 was part of a more complex transaction. You simply don’t know what you’re talking about. You cannot buy a chunk of English coastline for 7000! That’s just batshit. On your bike mate.
    - phphphphp 4y ago
      A complex transaction that took place through a single public listing at an auction house. That’s exactly how complex property deals happen. Unfortunately, you’ve said I would have to sign an NDA to get more info from the seller which would make the whole exercise pointless. I will make an alternate offer: I will pay £10,000 to the charity of your choice if you show documentation that proves the land has been independently valued at more than £1m (by someone accredited) and that the land was purchased for more than the amount shown on the land registry. I am sure, in the cold light of day, tomorrow, you’ll realise you’ve been had and you’ll have to have an awkward conversation with West London Lets where they reveal that actually it was purchased for £7k and actually they’ve valued it at £1.9m based on the assumption it can get planning permission and then you quietly remove all the posts about it from your website and pretend this never happened. I won’t hold it against you, but do implore you to reconsider your approach to who you work with. With partners like West London Lets, who needs competitors?