Pound land: Derelict houses in Liverpool to be sold for just £1

[blueser]

It's a crying shame about the edge lane dev some cracking houses there went down the pan

 

[HSD]

An old Victorian manor house near where I used to live was sold for £1 but the guy had to completely rebuild it all to how it was before. He must have spent at least a million on it.

 

[geofft]

An old Victorian manor house near where I used to live was sold for £1 but the guy had to completely rebuild it all to how it was before. He must have spent at least a million on it.

Not a problem if he could then sell it for £1.5 million

 

[BigDunc'sFod]

Not a problem if he could then sell it for £1.5 million

Need the million first.

 

[BigDunc'sFod]

It's a crying shame about the edge lane dev some cracking houses there went down the pan

Deffo.

 

[geofft]

Need the million first.

Or the mortgage which on an interest only basis at say 3.5% is only £35k per year

 

[Deleted member 28206]

Actual Granby St? Or just the area, do agree it would be difficult to renovate, it's a "difficult" area.

 

[Baines' left foot]

I know a few lads who are students that pay between £40-£50 a week each to share a house in Kensington. It seems like it may be becoming quite popular with students, obviously due to the cheap rates and close proximity to universities.

 

[Hibbosculturedrightboot]

[video=youtube;E8fFa9B_N8Q]https://www.youtube.com/watch?v=E8fFa9B_N8Q[/video]

Its hibbo as a lad, innit?

 

[johnnydawg68]

Wouldn't it be better if they stipulated that the houses had to be owner occupied? Sell it for a pound, have someone who wants to own a house come in and do the refurb work themselves and have a nice house to live in. When you own something you take better care of it, and take more pride in the area around your home. Then you have a street full of homeowners. Simply letting property speculators come in and pick it up cheap, throw a coat of paint on it and then turn around and rent it out doesn't really help the neighborhood.

 

[geofft]

Wouldn't it be better if they stipulated that the houses had to be owner occupied? Sell it for a pound, have someone who wants to own a house come in and do the refurb work themselves and have a nice house to live in. When you own something you take better care of it, and take more pride in the area around your home. Then you have a street full of homeowners. Simply letting property speculators come in and pick it up cheap, throw a coat of paint on it and then turn around and rent it out doesn't really help the neighborhood.

I'd guess that the sort of people who would want to live there (students, low wage earners, benefit recipients) would be unable to raise the mortgage or other funds to do them up. Maybe best to let me (or another developer) buy them, spend what needs to be spent & let them. Then once the area was recovering I'd probably look to sell & move on to do the same elsewhere.
Small steps for the area is probably more realistic than thinking that you can create a stable community in one go.

 

[johnnydawg68]

I'd guess that the sort of people who would want to live there (students, low wage earners, benefit recipients) would be unable to raise the mortgage or other funds to do them up. Maybe best to let me (or another developer) buy them, spend what needs to be spent & let them. Then once the area was recovering I'd probably look to sell & move on to do the same elsewhere.
Small steps for the area is probably more realistic than thinking that you can create a stable community in one go.

There's definitely a role for developers but we're talking about one street here aren't we? You can't tell me there aren't 5 people or families who will put down a pound, and then self finance repairs over a period of time. If the average rent there is 500 pounds, at minimum that's money you could theoretically spend each month fixing the place up.

 

[steken1]

I'd guess that the sort of people who would want to live there (students, low wage earners, benefit recipients) would be unable to raise the mortgage or other funds to do them up. Maybe best to let me (or another developer) buy them, spend what needs to be spent & let them. Then once the area was recovering I'd probably look to sell & move on to do the same elsewhere.
Small steps for the area is probably more realistic than thinking that you can create a stable community in one go.

Successive governments have pumped millions into nonsense schemes like firstbuy to stimulate the property market. Area's like this offer a real chance to stimulate a local economy, improve an area and give a generation of people a chance of home ownership.

Giving it over to developers will maintain the status quo.

 

[steken1]

There's definitely a role for developers but we're talking about one street here aren't we? You can't tell me there aren't 5 people or families who will put down a pound, and then self finance repairs over a period of time. If the average rent there is 500 pounds, at minimum that's money you could theoretically spend each month fixing the place up.

Making a lot of sense as usual.