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Frank Hovis

How Much Would You Pay For A House Falling Off A Cliff?

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A couple who paid £1.7million for a spectacular clifftop home are facing life on the edge after their garden crashed into the sea.

They bought the property only 18 months ago, aware that it had already suffered a devastating landslip in 2007. :blink:

By yesterday its value had plummeted by an estimated £600,000 and they face a major bill to stabilise what remains of the cliff following the disappearance of 15ft of garden last week.

Who the hell is valuing this at £1.1m? Jack Mad McMad?

I make it £1k monthly rent, expect it to last 5 years, so £60k.

http://www.dailymail.co.uk/news/article-1355185/Luxury-mansion-1-METRE-cliff-edge-Dawlish-south-Devon-landslides.html

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A lot of recent developments seem to be on places which haven't been built on before!

Presumably they knew better in the olden days! :huh:

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A lot of recent developments seem to be on places which haven't been built on before!

Presumably they knew better in the olden days! :huh:

I think the houses have just fallen down since Mr P!

I went to Lyme Regis last year and made sure I sought out the leaning lamp posts. The place is sliding into the sea, this from 2000:

Several houses built along the promenade have already been evacuated after large cracks appeared in the walls. An official report has warned of danger to "life and property" in the town. A £20 million scheme to shore up the town is due to start next year.

Keith Cole, the engineering manager of West Dorset District Council, said: "Lyme Regis is built on a layer of soft clay that sits on top of hard clay. When it becomes wet the soft clay simply slides over the hard and results in major slippage. If we do nothing, the worst-case scenario would be that areas of the town would slip, and the main road would be among the first to go." The situation has been compounded by rising sea levels, which have eroded the town's ageing man-made defences.

Rodney Legg, a local historian, said: "Lyme Regis has always been a prisoner of its geology and in truth it is probably overdue for another major landslip. There was a huge one in 1840 which resulted in what is now the Landslip nature reserve."

http://www.telegraph.co.uk/news/uknews/1376712/Lyme-Regis-fights-to-halt-slide-into-the-sea.html

Edited by Frank Hovis

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"The new owners are believed to have been assured that only the garden was in danger from the erosion caused by the sea breaking against the foot of the cliff."

And they believed it, unbelievable.

"they face a major bill to stabilise what remains of the cliff"

How do you stabilise a cliff like that?

Edited by Oxymoron

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"The new owners are believed to have been assured that only the garden was in danger from the erosion caused by the sea breaking against the foot of the cliff."

And they believed it, unbelievable.

"they face a major bill to stabilise what remains of the cliff"

How do you stabilise a cliff like that?

The most amazing thing about this story is how the hell did people this dim manage to accumulate enough wealth to pay £1.7m for it in the first place.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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