Dilapidated Shed Sells For £38,000

[zugzwang]

Words fail. The asylum is packed again, clearly. Three to a cell.

http://uk.finance.ya...-130215590.html

A run-down shed filled with rubble has been sold at auction for a staggering £38,000.

The dilapidated lean-to was inherited by a young couple who put the building on the market, hoping it would fetch around £15,000.

The Victorian brick outhouse is crammed in next to a terraced house in Ebenezer Street, St George, Bristol, where the average family home is valued at just under £100,000.

It has no planning permission but auction experts reckon it would make an ideal small business premises or workshop.

The auction was staged by Clifton-based Hollis Morgan as part of a sale day which saw a record-breaking £5 million worth of property sold within a matter of hours.

Edited August 6, 2013 by zugzwang

[CrashedOutAndBurned]

So the planning permission-free 'plot' is basically the width of the shed and a terrace on the street can be had for £100000k?

I remember reading years back about a row of lock-ups at the end of a street and a bidding war between neighbours breaking out when one of them changed hands. Maybe someone on that street wanted a garage at any cost.

Edited August 6, 2013 by CrashedOutAndBurned

[MarkG]

I remember reading years back about a row of lock-ups at the end of a street and a bidding war between neighbours breaking out when one of them changed hands. Maybe someone on that street wanted a garage at any cost.

Pack six illegal immigrants in there at a few hundred quid a month each, and you could pay off the 38k in a year or two.

[VeryMeanReversion]

I was offered a new 16' x 16' shed for £200 this morning. I'll buy 25 and be a millionaire by the end of the week.

[LiveinHope]

If the sellers are not planning to move, that £38k may soon seem a very small sum and a financial gain they wish they hadn't made.

If they do wish to sell, it could easily knock £38k from their selling price

Unless the uses of the shed are restricted.