Reply to: would you buy this property

[BlasterBates]

forget houses buy stuff like this

[ASB]

More like a sinking feeling as his 2 up 2 down become 4 down tit's up.

[Captain Dispensable]

But don't expect any uplift in capital value.

More like a sinking feeling as his 2 up 2 down become 4 down tit's up.

[ASB]

If you can get the subsidence reflected in the asking price, pay cash (cos mortgage will be a problem with subsidence even if properly repaired which can be impossible), then patch it up as cheaply as possible, then let the rooms individually as an HMO remembering the local authority rules it is possible it might generate a decent income on the capital deployed. But don't expect any uplift in capital value.

[lukemg]

Why not buy some shares. Shares don't need much maintenance. I painted mine last week, and I reckon that should be it for the next 10 years.

He's right, my Europe fund has just gone up 12% in six months and I didn't even have to knock through...

[Captain Dispensable]

Someone else bought it and covered the crack with chipboard. I'm sure this would have tricked any surveyor

Chipboard cladding. Very nice.

[Captain Dispensable]

She can come and give me a tongue lashing anytime.

[Bagpuss]

I went to look at an 'investment' property last year.
It had a big crack down the outside of the building. The estate agent didn't think it would be that costly (after all he was an expert in sales). I took a builder friend and he advised the only fix was to knock half of the house down i.e. spend 10s of thousands, certainly more than house price plus maximum profit.

Someone else bought it and covered the crack with chipboard. I'm sure this would have tricked any surveyor

[andy]

Sarah Beeny's norks would be so disappointed in you.

[Clippy]

Amateurs.

Sarah Beeny would be so disappointed in you.

[andy]

where is it?

and the postcode please

[freakydancer]

thats for all ye views, I think Ill give this one a miss!.

where is it?

[churkus]

Why not buy some shares. Shares don't need much maintenance. I painted mine last week, and I reckon that should be it for the next 10 years.

thats for all ye views, I think Ill give this one a miss!.

[gingerjedi]

My expertise is based on Property Ladder, so obviously I'm an expert.

tsskk... bloody amateurs, everyone knows "Homes Under The Hammer" is the most informative property program on TV and if it all goes wrong just give Nick Knowles's a call and he'll send his DIY SOS team to sort it out free of charge.

[Bagpuss]

Round my way the local builders and established property developers have got the estate agents sown up so they get first nod at any interesting properties that come their way, before the public are made aware of it. If they've let this one go then there's some serious issues or not much money in it to make it worthwhile.

I think that happens all over the UK with agents being paid off by developers or keeping stuff back for their family and friends.

Somewhere built in the 70s that is substancially moving will IMHO have problems and be very difficult to sell on. Find out what is is built on??