Well this is my response to my first time viewing a property. The property in question was a top floor attic flat very similar to the one I currently rent (although this was smaller). Anyway the estate agent was a little late but friendly enough and showed us up to the flat.
I was surprised it’s a similar sized building to where I currently live and there are three separated flats within. This building had a total of seven flats some being studios.
The attic area was as I unfortunately thought had been separated into two flats. There was one kitchen/living room and a separate bedroom with an en-suite shower room “cupboard”. The estate agent happened to mention that the previous tenants did actually lay a double bed down as though it were an added selling point bizarre! A double bed would indeed cover the width of the bedroom floor.
The kitchen/living room was also very small and square shaped with a dubious laminated style wooden flooring, which to me felt uneven underfoot. The kitchen units were also in need of updating. The heating was electric, which from my experience is more expensive. The flat had a share of the freehold but also had a lease? They were awaiting details of the charges.
The asking price for the flat is £91950. It’s in a very poor area indeed. I’ve worked in this area many times and there is a major drug use problem. It used to be a very nice many moons ago until some bright spark decided it would be a good idea to start housing drug addicts in the area. Infact the difference between where I currently live couldn’t be more night and day and it’s only separated by a couple of miles.
I enquired as to whether the flats were owed or rented and he said they were a mix. I have the feeling many are let by private landlords (btler's) The estate agent also said the expected on how one bed flats and studios are selling very fast in the area.
Basically I wouldn’t wish to live there atall. I wouldn’t actually feel safe going out and I never enjoyed working there either. Infact at the bus station waiting for the bus home we had to move twice because of open drug use and drug taking.
It was still a worthwhile experience but also a rather depressing one at the same time. I checked nethouse prices and this exact flat last sold for £42950 in mid 2000.
A rise of £49000 114%.
Thankyou Mr Brown for your so-called miracle economy.