Just seen an Essex Live report on Twitter that 9,500 homes in Essex were purchased last year by buyers who paid for their new properties outright with cash.
The most expensive one was in Epping Forest which sold for £7.5 million – in cash. The report doesn’t say where the house was but it guesses it was one that sold in High Road, Chigwell.
The fact it was cash does not, of course, mean that it changed hands for a great wad of dirty £50 notes, although it may have done! It means that the purchasers didn’t buy it with a mortgage.
It reminded me that when I was Agent for Epping Forest it was always said that houses changed hands in a certain road in Chigwell as people went in and out of prison, or alternatively had to leave the country in a hurry. But that can’t possibly be true of Chigwell !