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Indeed, and in 2028, we might even have a squiz at that option.

We bought a pig dog ugly trucking yard back in 2005 for <a certain amount>. It had a litany of non-paying Tenants and an 8' high back wall that we couldn't see for all of the rubbish strewn everywhere, accumulated over the previous 15 years from absolutely filthy owners. We cleaned up 83...

Yes it is possible to buy 'quality' CIP for under 1m. Just depends on your personal definition of 'quality'. Probability and chance play no part in real estate. You cannot buy the entire market, you can only buy individual title deeds. What the average does or what the "market" does...