littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Feb 26, 2018 17:21:43 GMT
Anyone with any experience or views on: LAST FEW REMINING 1 Bedroom FREEHOLD Apartment just £3,200 There are only a few cheap, high yielding property investments remaining.. These one bedroom flats have tenants in waiting for £300 to £325 PCM and a RICS Valuation of £23,000 once renovated. So, what’s the process to buy this deal? Click properties.us7.list-manage.com/track/click?u=3c1b98ab3fac36d325031056c&id=8e0f7dfbe1&e=bbd7ed95e6to see our T&Cs and our reservation form. On reservation a property will be allocated and our conveyancing solicitor will be in touch to start the buying process. These are auction terms with a 28 day completion. Extentions are available with communication Within just 4 weeks of ownership the property will be renovated and tenanted. At present we have just 5 of these properties available. There is a good chance we can get more but we are waiting on our vendor. PLEASE NOTE There is an AUCTION buyer premium fee in addition to the purchase price of this property of just £3,000. The Area Traditional freehold property twenty minutes from Glasgow. The property internally comprises of: Hallway, double bedroom, Lounge, kitchen area & fitted shower room. The flats will be ready to let once renovated – with local management agent in place. The Area Port Glasgow sits 12.5 miles west of Glasgow International Airport and is currently undergoing an extensive development & investment and is recognised as a popular investment location due to its close proximity to the airport. The area is benefiting from a £400 million regeneration project bringing 2,500 new jobs and new business accommodation to the area and Port Glasgow is a popular commuter location with a train station making it within easy reach of Greenock and Glasgow. |
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cb25
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Post by cb25 on Feb 26, 2018 17:50:08 GMT
I've recently watched two (of the three) TV programmes about buying a house in Liverpool for £1. Yes, literally for a pound, BUT buyer has to demonstrate they live in Liverpool and will live in the property for 5 years AND have £(tens of thousands) available to renovate the property within a year. Property belongs to the Council until it's done to the Council's satisfaction. If it isn't, they have the right to keep title to the property. To say the area is run down is inadequate, more like a lawless area.
Back in about 2012/3, the area was going to be levelled and re-developed by the Council. People moved out, but then the Council changed it's mind. Whole streets were left empty for years and were stripped of anything of value (e.g. roofing lead) by criminals.
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Post by eascogo on Feb 26, 2018 18:15:46 GMT
Port Glasgow certainly needs regeneration. I recollect many ladies of a commercial kind and Russian trawlermen. Following area regeneration a new description will apply: ladies of leisure.
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Post by Deleted on Feb 26, 2018 18:27:38 GMT
do you mean ladies of negotiable favour?
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Feb 26, 2018 21:14:59 GMT
do you mean ladies of negotiable favour? Oh @bobo your quaint old school terms are wonderful.
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
Posts: 1,442
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Post by stub8535 on Feb 27, 2018 10:39:45 GMT
I've recently watched two (of the three) TV programmes about buying a house in Liverpool for £1. Yes, literally for a pound, BUT buyer has to demonstrate they live in Liverpool and will live in the property for 5 years AND have £(tens of thousands) available to renovate the property within a year. Property belongs to the Council until it's done to the Council's satisfaction. If it isn't, they have the right to keep title to the property. To say the area is run down is inadequate, more like a lawless area.
Back in about 2012/3, the area was going to be levelled and re-developed by the Council. People moved out, but then the Council changed it's mind. Whole streets were left empty for years and were stripped of anything of value (e.g. roofing lead) by criminals. It's an interesting concept but Liverpool council are leaving buyers in the sh1t with how they allocate houses to buyers. Instead of doing it in blocks they have fragmented the community they are trying to build. People are asked to spend £40k on refurbishment when houses either side are still riddled with water ingress problems the will impact the party wall. By putting lenders in blocks of houses they could have been in a position of collectively bargaining with housing contractors for discounts. Vandalism still continues due to the scattered nature of dwellings. In the first program a police officer from the area was asked if he would live there. His face spoke volumes. Have not seen second program yet. Hopefully the guy in charge gets his head out of his butt and thinks logically to get such a large area back into residential use.
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cb25
Posts: 3,524
Likes: 2,667
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Post by cb25 on Feb 27, 2018 11:35:22 GMT
I've recently watched two (of the three) TV programmes about buying a house in Liverpool for £1. Yes, literally for a pound, BUT buyer has to demonstrate they live in Liverpool and will live in the property for 5 years AND have £(tens of thousands) available to renovate the property within a year. Property belongs to the Council until it's done to the Council's satisfaction. If it isn't, they have the right to keep title to the property. To say the area is run down is inadequate, more like a lawless area.
Back in about 2012/3, the area was going to be levelled and re-developed by the Council. People moved out, but then the Council changed it's mind. Whole streets were left empty for years and were stripped of anything of value (e.g. roofing lead) by criminals. It's an interesting concept but Liverpool council are leaving buyers in the sh1t with how they allocate houses to buyers. Instead of doing it in blocks they have fragmented the community they are trying to build. People are asked to spend £40k on refurbishment when houses either side are still riddled with water ingress problems the will impact the party wall. By putting lenders in blocks of houses they could have been in a position of collectively bargaining with housing contractors for discounts. Vandalism still continues due to the scattered nature of dwellings. In the first program a police officer from the area was asked if he would live there. His face spoke volumes. Have not seen second program yet. Hopefully the guy in charge gets his head out of his butt and thinks logically to get such a large area back into residential use. Regardless of whether the houses used the same contractors, I agree that it would have been much much better if the Council had not given the go ahead until they had (say) a dozen sets of people ready to work on houses next to each other. That might have made it cost efficient to pay for a night-time patrol.
The Council mentioned in the first programme that having the houses fixed and lived in would be good for them as they'd have Council tax coming in. With that in mind, if the Council had been a bit more forward thinking they could have paid for security on the premises to protect the buyers and ultimately the Council's future revenue stream.
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scc
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Post by scc on Mar 6, 2018 8:02:34 GMT
Parts of Liverpool have been bad for a long time.
I remember a friend living in an area supposedly being gentrified in the 90s. Magnificent multistory house he lived in which he was slowly renovating - the ground floor was completely burned out due it a cannabis farm gone wrong.
The approach contractors took was to renovate the inside, fix the windows etc and then leave the windows boarded up until the day of handover to the house owner. They would then quickly take them down and handover because chances were that within hours the windows would be smashed.
To the OP, I would want to know who owned the freehold. If local council, you would well find yourself with massive repair bills if most of the block is still council owned.
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Post by Deleted on Mar 6, 2018 8:45:26 GMT
£1 house
There is a village in Sicily that gave away abandoned houses for £0 a few years back, all the new owners had to do was spend E20k on each one and visit once. The offer was taken up by some very wealthy people who spent a great deal more than 20k and now have to contribute their equiv. to rates and so the town hall coffers are full again.
However, that town did put street lights along the lanes in which these houses exist and did a deal with the mafia so individual houses were not ransacked. I guess they could have spoken to the police, but it was quicker to go direct to the management.
Liverpool council neither put in street lights or fitted security cameras, while the legal management of the ownership was incompetent.
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littleoldlady
Member of DD Central
Running down all platforms due to age
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Post by littleoldlady on Mar 6, 2018 10:39:28 GMT
Thanks for your replies. I have decided not to buy one. (Nor to move to Liverpool.  ) |
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stub8535
Member of DD Central
personal opinions only. Not qualified to advise on investment products.
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Post by stub8535 on Mar 7, 2018 11:51:58 GMT
Thanks for your replies. I have decided not to buy one. (Nor to move to Liverpool. ) Oh go on littleoldlady ! you know you want to move to an area where all the people have the same speach impediment😁
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