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Bill der

Derilct Property In Pontefract

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Watched with interest as a local property went to auction

There had previously been a fire which had gutted the place.

No windows, doors, floors or roof. The place was a complete shell

The auction estimate was 30K to 35K

With it being local I thought I would put in a bid.

Big mistake - it went for 72K

Another property not more than half a mile away. Brief description -

No bathroom facilities ( Toilet outside in rear yard )

Tin bath in kitchen

All timber windows and doors rotten

All electrics and plumbing sub standard

Very narrow mid terrace property with no front garden

Thought I would go up to 35K

Big mistake - It went for 51K

Hope prices come down to a reasonable level soon or I will have to look for work elsewhere

Edited by Bill der

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I saw such a place up for sale in Rhyl, it looked like a bombed out building in Beirut, it was up for £37,000, in 2001 you could buy a nice 3 bed semi for that in Rhyl.How quickly things can change.

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Who exactly buys such dross in depressed downtrodden towns?

Is this your opinion or an ignorant insult

The gutted property in Pontefract sold for 72K to a developer

It was renovated over a three month period

Sold for 180K within weeks

I feel sorry for him as he only made around 70K profit for three months work

Probably not as much as you make. EH!

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