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Bootsox
http://www.lancashiretelegraph.co.uk/news/..._credit_crunch/

Came across this the other day.

I know Blackburn well as it is my home town, the comments section gave me a little chuckle!

Regards

Sox
Buy Toilet
Interesting post...
I remember Blackburn's glory days in the early 90's when a 3-up 2-down terraced house could be had for £4k.
Blackburn's property market will definitely be one of the hardest hit areas in the whole of the UK.

Still at least Margo Grimshaw will be able to drown her sorrows in one of her pubs when her development kicks the bucket.
Bootsox
QUOTE (Buy Toilet @ Jun 29 2008, 10:21 PM) *
Interesting post...
I remember Blackburn's glory days in the early 90's when a 3-up 2-down terraced house could be had for £4k.
......snip


Yes, the same properties are now going for £80/90k. For a town with a significant population of DHSSers and minimum wage earners this is absolute madness!

You could easily divide the above price range by 2 to get to a figure which the local economy could support.

Regards

Sox
Bootsox
From link below, latest stats on Blackburn (year on year April 07 to April 08):

http://www.home.co.uk/guides/house_prices_...&lastyear=1

  • Detached £260,479 £202,250 -22%
  • Semi £140,459 £140,156 -0%
  • Terraced £90,913 £94,858 +4%
  • Flat £117,300 £120,000 +2%
  • All £132,084 £116,700 -12%


Regards

Sox
Rachman
£285K, for a penthouse flat, in Blackburn. Hilarious. It's a terrible town centre - the jobs are non-existent - perhaps they have developed a cafe culture I'd missed, but given the rate at which Blackburn's turning into Islamabad, I suppose they's close them down as unislamic in a week.

This WILL go bust. She has absolutely no chance at all of making any sort of profit on this.
Buy Toilet
I do love the way the prices on these developments have become a differentiator between working people and the criminality of the UK.
In all honesty the only people who would be able to or want to spend that kind of money on a city centre flat are pimps or drug dealers. Any other locals with that kind of buying power would be after a decent semi or detached house in the outlying parts of town.
Red Kharma
QUOTE
But Margo Grimshaw said that while gloomy forecasts of a credit crisis did concern her, she would "cross her fingers and smile"


Good to see she has a sound business strategy.
Bootsox
Surprise at empty homes at £3m Blackburn project

http://www.lancashiretelegraph.co.uk/news/...ckburn_project/

Regards

Sox
Angry Sheeple
It is not that long ago terraced houses in Blackburn sold for £30k, I thought that was expensive. I think the crash will return Blackburn house prices to where they came from. More to the point who would want to live there?? laugh.gif laugh.gif
Bart of Darkness
QUOTE
But Margo Grimshaw said that while gloomy forecasts of a credit crisis did concern her, she would "cross her fingers and smile" as work on her £15 million Blackburn town-centre project continued.


Smile though your heart is aching
Smile even though its breaking
When there are clouds in the sky, youll get by
If you smile through your fear and sorrow
Smile and maybe tomorrow
Youll see the sun come shining through for you
Bootsox
QUOTE (BeenieSiegleDesertEagle @ Jul 8 2008, 12:13 AM) *
More to the point who would want to live there?? laugh.gif laugh.gif

Blackburn does seem to have its share of detractors (especially the people who actually live there) and for many years I have wondered how the negativity surrounding the town's image might be quantified.

For much of the last year I spent periods of time staying in Winchester, a town often held up as a desirable place to live. During my stay, I posed the following question to myself "well this is a very nice place but exactly how does it compare with Blackburn?"

Eventually, I came across a website that allowed me to make some direct and quantifiable comparisons. The results of this, albeit limited, research is contained in the attached PDF.

Regards

Sox
Angry Sheeple
I am having a few drinks with a member of the developers family this weekend. I shall do a little digging and report back any findings.
Buy Toilet
QUOTE (Bootsox @ Jul 11 2008, 04:13 AM) *
Blackburn does seem to have its share of detractors (especially the people who actually live there) and for many years I have wondered how the negativity surrounding the town's image might be quantified.

For much of the last year I spent periods of time staying in Winchester, a town often held up as a desirable place to live. During my stay, I posed the following question to myself "well this is a very nice place but exactly how does it compare with Blackburn?"

Eventually, I came across a website that allowed me to make some direct and quantifiable comparisons. The results of this, albeit limited, research is contained in the attached PDF.

Regards

Sox


If you skip over the desirability of the locals, Blackburn actually has a lot going for it.
It's well located in countryside, close to the Lake District, Pennines and Peak district.

I'm guessing you are the same Sox who made the comment on the article you posted. Some of the comments on there sum up why I'm glad to be gone. Lot's of locals (of all races) sitting on their arses expecting the council to sort their lives out.

Edited for square bracket.
Rachman
QUOTE (Buy Toilet @ Jul 11 2008, 09:41 PM) *
If you skip over the desirability of the locals, Blackburn actually has a lot going for it.
It's well located in countryside, close to the Lake District, Pennines and Peak district.

I'm guessing you are the same Sox who made the comment on the article you posted. Some of the comments on there sum up why I'm glad to be gone. Lot's of locals (of all races) sitting on their arses expecting the council to sort their lives out.

Edited for square bracket.

It's a bloody awful place, tough to commute to Manchester from and the wages in town are pitiful. Yes, it's near nice countryside, but so are places people actually want to live in - why live in cesspool next to a nice field when you can live in the field ?

The town itself has gone to the dogs and is more divided on racial lines than anywhere else I have seen ...
Buy Toilet
QUOTE (Rachman @ Jul 11 2008, 11:02 PM) *
It's a bloody awful place, tough to commute to Manchester from and the wages in town are pitiful. Yes, it's near nice countryside, but so are places people actually want to live in - why live in cesspool next to a nice field when you can live in the field ?

The town itself has gone to the dogs and is more divided on racial lines than anywhere else I have seen ...


To be fair to Blackburn though when it comes down to it most places in the UK are sh*tholes to live. I think that's what drew me to this site in the first place. It's not just because I was expecting a house price crash. It's because we've lost sanity when some are willing to pay 7 times the UK's annual salary to live in houses that were built at the turn of the century.

But on the issue of wages in the town being pitiful. It all depends on what you do. I have friends in engineering/science back oop north that earn similar salaries to the same roles darn sarth. Difference is... their money goes a lot, lot further.

Angry Sheeple
QUOTE (Buy Toilet @ Jul 11 2008, 11:27 PM) *
To be fair to Blackburn though when it comes down to it most places in the UK are sh*tholes to live. I think that's what drew me to this site in the first place. It's not just because I was expecting a house price crash. It's because we've lost sanity when some are willing to pay 7 times the UK's annual salary to live in houses that were built at the turn of the century.

But on the issue of wages in the town being pitiful. It all depends on what you do. I have friends in engineering/science back oop north that earn similar salaries to the same roles darn sarth. Difference is... their money goes a lot, lot further.


Sssh its grim up North, no one would ever want to live here laugh.gif
Bart of Darkness
It's Grim Up North
Bootsox
QUOTE (Bart of Darkness @ Jul 12 2008, 02:29 AM) *
LOL.....didn't realise Harry Enfield was into factual documentaries!

Sox
Bootsox
I can't help thinking that Blackburn shares many parallels with Glasgow East (of recent by-election fame). Years of contemptuous Labour Party politicians who treat the town's voters like muggins who would vote them in no matter what. Time after time in my youth I would hear the same old mantra "you have to vote labour cos their on our side". What tosh! Labour have done nothing for this town except watch it crumble.

Anyhow back to my observations on the similarities between Blackburn and Glasgow East (from the link below):

But if the East End's misery could move Conservative hearts, why did it not work on the ruling Labour politicians? One of the first ironies presented by Glasgow East is that it is a classic Labour rotten borough. One of the most rotten of the rotten, in fact. For generations, its inhabitants have been treated as cannon fodder; their votes taken for granted, their poverty contained but largely untackled. Vote Labour? It's what they do, along with drinking, drug taking, bad diet and Irn-Bru. Why should politicians spend money on people who are going to vote for them anyway? Much better to invest it in marginal seats.

In election after election, Glasgow's poor automatically did what their parents had done, with 60 per cent or more of the vote consistently cast for Labour. Corresponding generations of Labour politicians, both local and national, used such loyalty to secure their positions but singularly failed to reward their people.


http://www.timesonline.co.uk/tol/comment/c...icle4257696.ece
Angry Sheeple
The developer has sold about 10 units. The third and largest phase is still not finished and it seems it is still going ahead regardless. Could be toast time for one of the towns "celebrities".
Oddball
QUOTE (BeenieSiegleDesertEagle @ Jul 14 2008, 12:26 AM) *
The developer has sold about 10 units. The third and largest phase is still not finished and it seems it is still going ahead regardless. Could be toast time for one of the towns "celebrities".



Crash and burn Margo - I couldn't happen to a nicer person - not!
Angry Sheeple
QUOTE (Oddball @ Jul 14 2008, 01:00 AM) *
Crash and burn Margo - I couldn't happen to a nicer person - not!


Surely the ltd co will crash and burn? Leaving Margo off the hook unsure.gif
Bootsox
QUOTE (BeenieSiegleDesertEagle @ Jul 14 2008, 10:59 AM) *
Surely the ltd co will crash and burn? Leaving Margo off the hook unsure.gif

No, Blackburn Council will step in at the last minute with a big wodge under some government scheme to waste taxpayer's money.

Sox
Bootsox
Bit of an update, as anticipated, things have not gone well:

"Blackburn town centre blow as housing development shelved"

http://www.lancashiretelegraph.co.uk/news/...opment_shelved/

Reader's comments even more incandescent than last time.

Regards

Sox
Angry Sheeple
QUOTE
I have been back in this town after a break of about twenty years during which i lived in London. I have great affection for Blackburn though most of my memories of it are from the sixties and seventies when (for all its poverty) it seemed to me to be a happier and more positive place to live.
Blackburn has become a mirror image of the country, its people corrupted by hedonistic self obsession and a ignorance of anything that conflicts with their crass, xenophobic bigotry.
The critique that follows could just as easily be leveled at the country in general;
1) an extraordinarily, inept, corrupt and philistine local authority/goverment made up of a dynasty of corpulent, whiskey swilling sham socialists
2) a bigoted, apathetic white working class, ranging from feral pond life at one extreme to those for whom a chemically induced tan and a boob job is the height of urban 'chic'.
For both there knowledge of the outside world is derived from tabloid newspapers (including the l.e.t for whom some newsworthy item in Preston would require the dispatch of a 'foreign correspondent'), reality TV and annual pilgrimages to rhodes and corfu where having donned union jack shorts they'll proceed to brawl, puke and attempt to spawn.
I would also include
3) an asian community as bigoted as their white counterparts and whose male members are spoilt and misogynistic and
4) a smug middle class who hide there ignorance behind there conspicuous material affluence and (second rate) degreee's.
Somewhere in between all these groups are the decent, honest people of this town/country, irrespective of ethnicity, gender, sexual orientation, age or chosen lifestyles...they are as ever caught between the cynical and ruthless and the ignorant and brutish.
This isn't a tirade of hatred, i was born and brought up in this town and i though I remember it always as 'scruffy' it undeniably used to have a heart and soul.
Be under no illusions, Blackburn is in crisis and the local authority, your council is in denial, it believes its own lies of the 'blackburn renaissance' which a casual glance at the town centre would disprove. This is a dangerous psychosis, when any individual, organization or community is locked into a spiral of decline that they choose not to acknowledge.


Hammer, nail and head in my opinion.
manterik
QUOTE (BeenieSiegleDesertEagle @ Aug 8 2008, 06:53 PM) *
Hammer, nail and head in my opinion.


A terrific piece really.
Oddball
QUOTE (BeenieSiegleDesertEagle @ Aug 8 2008, 06:53 PM) *
Hammer, nail and head in my opinion.


I concur.

From my experience an accurate summation.
Angry Sheeple
Bye Bye cafe culture in Blackburn. laugh.gif
Mancunian Way
What do asking prices on Rightmove mean when no-one wants to live there? Beautiful as it might be, the north-west is pointing the wrong way towards an Empire that is no longer there.
Angry Sheeple
Had it confirmed NatWest pulled the plug on this, unconfirmed reports of roughly a £6m loss.
slurms mackenzie
QUOTE (BeenieSiegleDesertEagle @ Sep 8 2008, 11:22 AM) *
Had it confirmed NatWest pulled the plug on this, unconfirmed reports of roughly a £6m loss.


Well that's what you get for knocking down "c'est la vie", tbh honest the flats were never going to see were they, even if the crunch hadn't of kicked in.
Angry Sheeple
QUOTE (slurms mackenzie @ Sep 13 2008, 08:24 PM) *
Well that's what you get for knocking down "c'est la vie", tbh honest the flats were never going to see were they, even if the crunch hadn't of kicked in.


True but Never Never Land and The Castle required demolition a long time ago.
stuartdenley
Hi, I'm Stuart I want to buy a property in Blackburn town Centre. I there any one who guides me about
my question related to specially price of the property. And the peaceful locations of the Centre. Thank you

Stuartdenley

Used Cars
daiking
Margo Grimshaw will be on "Inside Out" on BBC1 in the North West tonight - 7:30pm (i think)

Just seen an advert for it on the local news

http://www.bbc.co.uk/insideout/northwest/ This week's details aren't up yet.
Angry Sheeple
I saw it last night. the site looks a right mess. ph34r.gif
Matt Henson
QUOTE (BeenieSiegleDesertEagle @ Oct 30 2008, 05:03 PM) *
I saw it last night. the site looks a right mess. ph34r.gif


£285k that is Pleasington money she must be certified.... but then my memories of Blackburn are Peppermint Place (I even worked on the cocktail bar) and the Coconut Grove so who am I to say!!!
Bootsox
.
Bootsox
Actually just around the corner from Margot's gaff but outside the "city centre", looks like some of the Blackburn new builds are starting to take a pasting:

8 Wilton Close, Blackburn BB2 7FE

From Land Registry, sold 25/07/03 for £144,995

From Land Registry, sold 07/11/07 for £195,000

From Allsop's auction site, sold 18/09/08 for £136,000:

http://www.auction.co.uk/residential/LotDe...amp;S=C&O=A

Sox
BlueRat
Just watching it on Iplayer, 280 grand to live in the middle of Blackburn!

Inside Out North West
Bootsox
QUOTE (BlueRat @ Nov 4 2008, 07:04 AM) *
Just watching it on Iplayer, 280 grand to live in the middle of Blackburn!

Inside Out North West

To be fair to Margot, someone has to try and champion the place.

The whole project just seemed too ambitious (compounded by a crashing, country wide, property market).

Sox
Angry Sheeple
QUOTE (Bootsox @ Nov 4 2008, 06:50 AM) *
To be fair to Margot, someone has to try and champion the place.

The whole project just seemed too ambitious (compounded by a crashing, country wide, property market).

Sox


To me the project was 18-24 months too late and perhaps too ambitious considering the location of the proposed development.
Bootsox
The Hazels (tribal homeland of Blackburn's aspirational glitterati):

http://www.rightmove.co.uk/viewdetails-196...p;mam_disp=true

From Property Bee: Started at £350k in May 08 now reduced to offers over £249,950!

Don't know if it is a sign of the times but I was in the Bull's Head last night (Saturday) and it was relatively dead, as was Whalley, although it was an awful night weather wise.

Sox
Bootsox
Sadly, the scheme has finally collapsed:


"ADMINISTRATORS have taken over Margo Grimshaw’s £15million housing development in Blackburn town centre."

http://www.lancashiretelegraph.co.uk/searc...re_development/
Angry Sheeple
QUOTE (Bootsox @ Nov 12 2008, 05:31 PM) *
Sadly, the scheme has finally collapsed:


"ADMINISTRATORS have taken over Margo Grimshaw’s £15million housing development in Blackburn town centre."

http://www.lancashiretelegraph.co.uk/searc...re_development/


One of many, I was in Leeds last week and there must have been 5 or 6 mothballed flat developments in a relatively small area of the city.
manterik
QUOTE (Bootsox @ Nov 4 2008, 06:50 AM) *
To be fair to Margot, someone has to try and champion the place.

The whole project just seemed too ambitious (compounded by a crashing, country wide, property market).

Sox



Nothing wrong with championing the place and trying to give it a leg up but this strikes me as a cynical commercial excercise to jump the BTL bandwaggon. Lots of inner city boxes to sell to BTL "investors", off plan, at prices that would quite frankly seem expensive in a far better area but with that all important 15% discount.

I am afraid she has got what she deserved, IMHO.
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