House Price Crash forum: Two-Bed Property Goes For 8,250 Times The Asking Price (Well, Bidding Did Start At 1!) - House Price Crash forum

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Two-Bed Property Goes For 8,250 Times The Asking Price (Well, Bidding Did Start At 1!) Rate Topic: -----

#1 User is offline   interestrateripoff 

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Posted 28 March 2012 - 06:48 PM

http://www.dailymail...id-start-1.html

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A house thought to be the cheapest in Britain has sold for just 8,250.

Bidding began at the princely sum of 1 for the two-bed property, which is in the village of Ferryhill Station, County Durham.

But its new owner faces a hefty refurbishment bill. All of the windows are boarded up and vandals have spray painted graffiti on walls.


A steal if bought for BTL and get HB tenants in?

I'm guessing the area isn't the best?
Proof that Brown had repeated IMF / OECD / BIS warnings over house prices and did nothing!!!
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#2 User is offline   Patfig 

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Posted 29 March 2012 - 11:49 AM

View Postinterestrateripoff, on 28 March 2012 - 06:48 PM, said:

http://www.dailymail...id-start-1.html



A steal if bought for BTL and get HB tenants in?

I'm guessing the area isn't the best?

I grew up near there and to be honest its not as bad as you might think.
The area has always been cheap hisorically.
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#3 User is offline   awaytogo 

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Posted 31 March 2012 - 01:54 PM

View Postinterestrateripoff, on 28 March 2012 - 06:48 PM, said:

http://www.dailymail...id-start-1.html



A steal if bought for BTL and get HB tenants in?

I'm guessing the area isn't the best?


We will see more of these in the future.

#4 User is offline   eight 

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Posted 31 March 2012 - 03:28 PM

View PostPatfig, on 29 March 2012 - 11:49 AM, said:

I grew up near there and to be honest its not as bad as you might think.
The area has always been cheap hisorically.


Trains pass within 50ft at 125mph.
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#5 User is offline   Ulfar 

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Posted 31 March 2012 - 08:59 PM

Looking at the brickwork with large parts being very new, it looks like a train has run into it.

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