interestrateripoff Posted October 3, 2011 Share Posted October 3, 2011 http://www.dailymail.co.uk/news/article-2044389/Mole-Man-William-Lyttles-dilapidated-London-home-sale-500k.html He became known as the 'Mole Man' after digging a labyrinth of tunnels underneath his London home.Now, the late William Lyttle's house is up for sale. Despite not having a roof and being a structural death trap the home in London's Hackney carries a guide price of £500,000. Mr Lyttle, a retired civil engineer who died aged 79 last year, spent 40 years tunnelling a 60 foot-long path of tunnels under his house. ......... According to the house value website www.zoopla.co.uk a comparable refurbished four bedroom detached home in this fashionable part of London could be worth over £1million. Bargain, I mean how could you not want to spend £500k on this? Although I have no idea how much money you would have to spend making the ground safe to support a house! Quote Link to comment Share on other sites More sharing options...
Mr. Miyagi Posted October 3, 2011 Share Posted October 3, 2011 That's a money pit. Quote Link to comment Share on other sites More sharing options...
anonguest Posted October 3, 2011 Share Posted October 3, 2011 (edited) http://www.dailymail.co.uk/news/article-2044389/Mole-Man-William-Lyttles-dilapidated-London-home-sale-500k.html Bargain, I mean how could you not want to spend £500k on this? Although I have no idea how much money you would have to spend making the ground safe to support a house! And, as perfect testimony to the typically twisted logic/thought processes of local government bureaucrats, "The council refused permission to demolish the building due to the street's status as a conservation area." So..... the eyesore will remain, in the hope that some sap will come along and buy it as it is and restore the remaining pile it to its former self with their own private money - when the more cost effective and practical solution would be to demolish, clear the site and start afresh! Perhaps to really encourage would be buyers and raise interest thay should slap a Grade II listing on it - at 1/2 million quid the site would look cheap! LOL Edited October 3, 2011 by anonguest Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted October 3, 2011 Share Posted October 3, 2011 And, as perfect testimony to the typically twisted logic/thought processes of local government bureaucrats, "The council refused permission to demolish the building due to the street's status as a conservation area." So..... the eyesore will remain, in the hope that some sap will come along and buy it as it is and restore the remaining pile it to its former self with their own private money - when the more cost effective and practical solution would be to demolish, clear the site and start afresh! Perhaps to really encourage would be buyers and raise interest thay should slap a Grade II listing on it - at 1/2 million quid the site would look cheap! LOL Some sap will no doubt show up, this is England, we've a country full of saps... Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted October 3, 2011 Share Posted October 3, 2011 And, as perfect testimony to the typically twisted logic/thought processes of local government bureaucrats, "The council refused permission to demolish the building due to the street's status as a conservation area." I image a little "vandalism" by "unknown persons" could cause the building to collapse completely, voiding any planning objections. Just need some wood wedges and some water. Quote Link to comment Share on other sites More sharing options...
Lepista Posted July 19, 2012 Share Posted July 19, 2012 http://www.bbc.co.uk/news/uk-england-london-18898642 The house will go under the hammer with a guide price of £750,000, the agent for the sale said. There's HPI for you.... estimated price £500k 6 months ago, now £750k. And of course, still sight unseen as it's supposedly structurally unsafe. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 19, 2012 Author Share Posted July 19, 2012 http://www.bbc.co.uk/news/uk-england-london-18898642 There's HPI for you.... estimated price £500k 6 months ago, now £750k. And of course, still sight unseen as it's supposedly structurally unsafe. Must be the Olympic bounce, maybe the tunnels can be rented out to tourists staying in the capital? Quote Link to comment Share on other sites More sharing options...
zebbedee Posted July 19, 2012 Share Posted July 19, 2012 (edited) You'd have to be out of your flucking mind to spend £750,000 on a shell that you cannot use nor due to its conservation area status alter FFS!!! Is it worth the risk that you'll get an exemption and be able to shore up the ground beneath or demolish the thing and rebuild. For the risk/reward you'd pay a damn sight less than three quarters of a million flucking pounds. Edited July 19, 2012 by zebbedee Quote Link to comment Share on other sites More sharing options...
Eddie_George Posted July 19, 2012 Share Posted July 19, 2012 Was this him? Quote Link to comment Share on other sites More sharing options...
Frank Hovis Posted July 19, 2012 Share Posted July 19, 2012 http://www.dailymail.co.uk/news/article-2044389/Mole-Man-William-Lyttles-dilapidated-London-home-sale-500k.html Bargain, I mean how could you not want to spend £500k on this? Although I have no idea how much money you would have to spend making the ground safe to support a house! The ground's safe, the council filled up the tunnels with concrete. Even so, "How much?". Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted July 19, 2012 Share Posted July 19, 2012 Not really a house though is it? I would call it a ruin. Still , it's probably heritage listed or something so buyer beware! Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted July 19, 2012 Share Posted July 19, 2012 If the land was worth that much it's no wonder he was digging it out. Who did he sell it to? Quote Link to comment Share on other sites More sharing options...
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