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Rachel

No Garden, No Kitchen, The Ceilings Are Falling In

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Article in todays Bristol Evening Post:

Mouldy walls, collapsing ceilings and no kitchen - but this derelict house in Clifton could soon be sold for almost half a million pounds.

The property in Harley Mews is being sold at an asking price of £470,000 - despite being untouched by the former owner for 40 years.

A spokesman for agents Savills said an offer had already been put in for the three-storey home and last night the property had a "sold" sign outside.

Currently the average house price in Bristol is £195,385, and £352,495 for a detached home. But in Clifton the average is much higher and houses near to the Harley Mews property have sold for up to £850,000 in recent years, according to the Post's house price website, thisishouseprices.co.uk

It is estimated that a developer would need to spend up to £150,000 to refurbish the house and could then sell it for about £650,000, netting a profit of at least £30,000.

The property's boasts four bedrooms, three reception rooms, a kitchen/dining room, bathroom and garage.

Neighbour Jeff Palmer, aged 74, said the house was lived in by a BBC wardrobe mistress, Joan Wakefield, up until her death some time ago.

He said Mrs Wakefield had been head of costume design for the corporation in Clifton and had filled the house with her collections of eccentric artefacts.

He said: "The house has been empty since she died.

"When she was alive it was fascinating because she collected all sorts of eccentric things like prams and Tiffany lights. It is quite big inside but there is no garden at all."

Inside Mr Palmer said the house was in a bad condition.

He said: "There is damp coming in somewhere, and because no-one has lived there for so long, it has deteriorated."

Many original features of the house remain inside, he said, including articles from the days when it was a stable block.

Tom Moore, 20, whose house backs onto Harley Mews, said the house was a wreck inside. He said: "It is falling down and it's not very nice. We looked around it when it was up for auction before and it is very damp with a leaking roof."

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Article in todays Bristol Evening Post:

to £850,000 in recent years, according to the Post's house price website, thisishouseprices.co.uk

It is estimated that a developer would need to spend up to £150,000 to refurbish the house and could then sell it for about £650,000, netting a profit of at least £30,000.

add 20% on top of that estimated for ant problem that may occur and tha t30k is history.

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Ouch. All that time/capital investment for 30K.

A decent builder/developer would presumably steer clear, living the way open for property porn addicts I assume.

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It's just crazy.

Prices in Bristol are mind-numbingly stupid. 1 bed flats that were £130k 4 years ago are now £175k!

edit-spelling mistake

Edited by Rachel

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