Ash4781 Posted April 7, 2009 Share Posted April 7, 2009 (edited) http://news.scotsman.com/uk/Lidl-to-build--homes.5147220.jp BUDGET supermarket chain Lidl has teamed up with one of the UK's largest construction firms, to build what could be Scotland's cheapest new private homes.The German chain and Taylor Wimpey will offer homes starting at around £64,000 for a one-bedroom flat. Buyers will have their deposits and legal fees paid as part of the deal to get first-time buyers on to the property ladder. The companies have submitted a joint planning application to East Lothian Council and are awaiting a decision on whether they can go ahead with their proposal to build 48 homes in Prestonpans, East Lothian. The £64,000 one-bedroom flat costs about £32,600 less than an average one-bedroom flat in East Lothian, while the two-bed flat at around £70,000 is nearly £50,000 less than the average for the area – and £95,000 less than a two-bed flat in Edinburgh. The plan has been drawn up between Lidl – which owns the development land in the town's high street – and Taylor Wimpey's "no frills" housing brand, G2. G2 homes are studio-type dwellings. It is understood the properties would only be available to first-time buyers, with buy-to-let investors barred. The project suffered a setback in its early stages after concerns were raised locally about the demolition of a building on the site, but a spokesman for East Lothian Council said Historic Scotland has decided that it does not need to become a listed building. A council spokesman said: "The council would welcome housing that is affordable and allows first-time buyers especially to get on the ladder." A spokesman for Taylor Wimpey said: "G2 is Taylor Wimpey's brand of affordable, low-cost homes designed specifically for first-time buyers." Last night, housing experts said it was too early to say whether the Prestonpans development represented a new trend in affordable housing. David Marshall, a business analyst at the Edinburgh Solicitors' Property Centre, said: "The number of new-builds has fallen by 80 per cent since the start of the credit crunch and builders have been looking to shift their own stock before building more. "This Prestonpans project is a relatively new thing and is a way of filling the void. Ultimately, we will only see more of this if the supermarkets find it profitable." Alex Hawkes, news editor of Construction News, said: "Quite a lot of supermarkets build housing alongside their stores and these types of new homes we're talking about can be copied. "In terms of this being a new trend, the housebuilding business model is such that builders tend to make their money on land values going up rather than how, to whom, and where homes are pitched. But housebuilders are suffering badly with falling property prices and are all thinking about whether they should be building again." edit BTL - 'You're barred' 'just one more' Edited April 7, 2009 by Ash4781 Quote Link to comment Share on other sites More sharing options...
200p Posted April 7, 2009 Share Posted April 7, 2009 It's all about Land prices really. Quote Link to comment Share on other sites More sharing options...
Giordano Bruno Posted April 7, 2009 Share Posted April 7, 2009 http://news.scotsman.com/uk/Lidl-to-build--homes.5147220.jp edit BTL - 'You're barred' 'just one more' Pfff! £60k for a one bed flat in Scotland. That's supposed to be cheap! Huh! Quote Link to comment Share on other sites More sharing options...
200p Posted April 7, 2009 Share Posted April 7, 2009 (edited) But how are they going to bar BTL? I'm a greying fat balding bloke about 50 and roll up in Jaguar. I'm a FTB honest, let me 'av it. Edited April 7, 2009 by trev Quote Link to comment Share on other sites More sharing options...
pokercola Posted April 7, 2009 Share Posted April 7, 2009 Actually, this doesn't surprise me much. The supermarket basic model is buy in bulk, sell it cheaper, make ca$h. Look how they have moved into the markets for elecricals, books and CDs. The British, as usual, bemoan the demise of the British high street, whilst sneaking off to Tesco to save £4 on the latest Harry Potter. Will be interesting to see. Quote Link to comment Share on other sites More sharing options...
tiggerthetiger Posted April 7, 2009 Share Posted April 7, 2009 Pfff! £60k for a one bed flat in Scotland. That's supposed to be cheap! Huh! Same thing will happen as does with new cars.......as soon as they are bought,they will lose 20% of value.... Quote Link to comment Share on other sites More sharing options...
MrPin Posted April 7, 2009 Share Posted April 7, 2009 Pfff! £60k for a one bed flat in Scotland. That's supposed to be cheap! Huh! Exactly my thinking! 12k would buy a Northern terrace a while back! Quote Link to comment Share on other sites More sharing options...
hayder Posted April 7, 2009 Share Posted April 7, 2009 (edited) still waaaay too expensive... but a good move in the right direction... PS. how come none of these so-called 1-bed and 2-bed properties advertise clearly their actual size (in sq metre or feet?) I mean a good one bed apartment can be twice the size of a rabbit-hutch 2-bedder! guessing the 1-bed is probably 45m2 and the two bedder about 60m2 (going by what I've seen in the UK as "standard sizes")... would still be ludicrously expensive at around £1450 per metre!!! (that's riviera prices in a dodgy part of scotland). Edited April 7, 2009 by hayder Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted April 7, 2009 Share Posted April 7, 2009 I don't like Lidl but I do about 50% of my shopping at Aldi and the products I buy are equal to, or superior to, anything available at Waitrose or M&S, where I also shop. Aldi stores are also normally well-architecturally-designed brick-built structures which are more pleasing to the eye than supermarket sheds. Of course, "lower-class social-climbing snobs" would never go near Aldi but fortunately I'm not one of them. Quote Link to comment Share on other sites More sharing options...
Soldup&movedBKK Posted April 7, 2009 Share Posted April 7, 2009 Considering the latest prices in probably a far better location....64,000 is actually expensive for only a one bedder...that can stick it the same place as their cheap beans Quote Link to comment Share on other sites More sharing options...
Bjørn Posted April 7, 2009 Share Posted April 7, 2009 How much is the deposit on the trolley to wheel the house out of the shop and across the carpark? Quote Link to comment Share on other sites More sharing options...
Mixle Posted April 7, 2009 Share Posted April 7, 2009 (edited) How much is the deposit on the trolley to wheel the house out of the shop and across the carpark? Aldi? £1. edit: I hear Lidl use tokens? Edited April 7, 2009 by Mixle Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted April 7, 2009 Share Posted April 7, 2009 "In terms of this being a new trend, the housebuilding business model is such that builders tend to make their money on land values going up rather than how, to whom, and where homes are pitched. But housebuilders are suffering badly with falling property prices and are all thinking about whether they should be building again." Which is exactly the reason why this crop of "hosebuilders" would not be missed if they nearly all went bung. Companies more fit for the job with half an interst in what they were building would fill the gap in the market. Same goes for banks. Quote Link to comment Share on other sites More sharing options...
workingnomad Posted April 7, 2009 Share Posted April 7, 2009 Aldi and Lidl are totally crap and aimed clearly at the working classes. Quote Link to comment Share on other sites More sharing options...
The Spaniard Posted April 7, 2009 Share Posted April 7, 2009 Exactly my thinking! 12k would buy a Northern terrace a while back! But haven't lots of these been demolished under Prescott's Pathfinder scheme? http://www.moneyweek.com/investments/prope...asted-22bn.aspx Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted April 7, 2009 Share Posted April 7, 2009 Aldi and Lidl are totally crap and aimed clearly at the working classes. It is precisely because of this moronic lower-class social-climbing attitude that you the only HPCer included in my signature apart from Sibley. And you are the only exception to Sibley in my signature. Well Done! Congratulations on making a social statement according to where you shop...people like you are my victims and I have no sympathy for you whatsoever Quote Link to comment Share on other sites More sharing options...
billybong Posted April 7, 2009 Share Posted April 7, 2009 A bit of a surprise that a supermarket company can suddenly offer flats so cheap (about 35% cheaper plus incentives) when specialist builders have been claiming their margins are so very tight - and Lidl will no doubt be expecting some profit on these lower prices. It's also a surprise that there are any new entrants at all to this market when much higher prices have builders claiming to have really really tight margins. And builders themselves haven't been exactly shy of bulk building (to get the advantages of scale) with builders producing hundreds and hundreds of, as good as, identical flats all over the place wherever you look. Quote Link to comment Share on other sites More sharing options...
yawnIHateSundays Posted April 7, 2009 Share Posted April 7, 2009 I don't like Lidl but I do about 50% of my shopping at Aldi and the products I buy are equal to, or superior to, anything available at Waitrose or M&S, where I also shop. Normally you make a lot of sense Harry, but you have me in stitches here! Quote Link to comment Share on other sites More sharing options...
hayder Posted April 7, 2009 Share Posted April 7, 2009 se the other thread on building houses... basically the UK contractors are dead-in-the-water if they can't build houses any cheaper... there'll be plenty of Spanish, Polish, Belarussian and Korean contractors who would jump at the chance to take over the UK market... the cost of inefficient construction is something that should not simply be tolerated... this is probably the single biggest purchase that an average family make in their lifetime, cutting 50% off the cost is nothing to be sniffed at. Quote Link to comment Share on other sites More sharing options...
Harry Monk Posted April 7, 2009 Share Posted April 7, 2009 Normally you make a lot of sense Harry, but you have me in stitches here! I presume you haven't actually been to an Aldi store within the last five years or so? If you can't actually bring yourself to shop there, then I suggest you read what the Daily Telegraph says about where middle-class people (if there is such a thing) shop these days. Quote Link to comment Share on other sites More sharing options...
billybong Posted April 7, 2009 Share Posted April 7, 2009 (edited) the cost of inefficient construction is something that should not simply be tolerated... or price gouging (if there's evidently something like 35% leeway for anyone who tries) and at the same time claiming tight margins. Edited April 7, 2009 by billybong Quote Link to comment Share on other sites More sharing options...
Mr. Cholmondley-Warner Posted April 7, 2009 Share Posted April 7, 2009 still waaaay too expensive... but a good move in the right direction... PS. how come none of these so-called 1-bed and 2-bed properties advertise clearly their actual size (in sq metre or feet?) I mean a good one bed apartment can be twice the size of a rabbit-hutch 2-bedder!guessing the 1-bed is probably 45m2 and the two bedder about 60m2 (going by what I've seen in the UK as "standard sizes")... would still be ludicrously expensive at around £1450 per metre!!! (that's riviera prices in a dodgy part of scotland). Rea the article I am afraid q bed flats are Studio type... their words, so bed and living room together Typically these are less than 40m2 in size, would surprise me if these are smaller than that Typical press only pick up things half right Quote Link to comment Share on other sites More sharing options...
RichB Posted April 7, 2009 Share Posted April 7, 2009 Wow. in 97 you could buy a spacious 1 bed in aberdeen for £32k in a quite reasonable area. Quote Link to comment Share on other sites More sharing options...
tegan Posted April 7, 2009 Share Posted April 7, 2009 Sigh, when will these people get it? 25k maybe. But this is a cupboard, probably badly made and no doubt you can hear your neighbours fart. Who are they kidding? 12-18 months and 60k will get you a nice semi. Quote Link to comment Share on other sites More sharing options...
6538 Posted April 7, 2009 Share Posted April 7, 2009 Actually, this doesn't surprise me much. The supermarket basic model is buy in bulk, sell it cheaper, make ca$h.Look how they have moved into the markets for elecricals, books and CDs. The British, as usual, bemoan the demise of the British high street, whilst sneaking off to Tesco to save £4 on the latest Harry Potter. Will be interesting to see. Everyone seems to think that the Likes of Lidl, Aldi and suchlike are dirt cheap. Personally, I don't think they are that cheap - certainly not across the board. Some stuff they have is cheap but by no means everything. I rather like them because they have stuff you don't get in the normal British supermarkets but if I only shopped in Lidl I wouldn't spend any less money than Morrisons, I don't think. Quote Link to comment Share on other sites More sharing options...
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