Top Definition
A nice house in an affluent area thats devalued by 10% owing to a family of Indians, Pakistani`s or Eastern Europeans moving in next door.
"I say Phoebe I hear Gillian and Lionel have suffered a property crash"

"oh really?"

"yes, some coloured people have bought the bungalow next door"

"oh what a rotten bit of luck dear"
by Upper Class Twit 2 February 05, 2008
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