By Steve Bolton, Managing Director, Platinum Property Partners

I had a very nice surprise yesterday....

I got a call from my mortgage broker, regarding a re-mortgage on a property I have owned for three years. It had just come to the end of the three year mortgage tie-in period so I thought I'd get it re-valued before deciding what my strategy was going to be with it moving forward.

The property in question is probably in the worst location I have ever bought!

It is five miles away from the main town centres (Bournemouth and Poole on the south coast), which means that the demand for letting is weaker than where I own lots of other property.

Not only that, but it is also on a very busy main road and there just happens to be a very large and unattractive electricity pylon only three doors away!

Great if you are an admirer of tall steel structures but not so good if you are a parent with young children, or so the radiation surveys lead us to believe.

Anyway, I bought the house from a family who were keen to move in 2004 but they were not that flexible on the price. It was on the market for £295,000 and I got sale agreed at £292,500. No great discount negotiated and it was also in a bad location.