Monday, April 11, 2011

The people benefit because of the new tram line won’t be in a hurry to compensate the losers

Homeowners say tram plans have devalued their properties

"Andrew and Susan Walker are among about ten families struggling to find buyers and want compensation. They have been trying to sell Mrs Walker's deceased aunt's flat for a year and had no interest, despite cutting the asking price from £78,000 to £70,000. Mr Walker, 55, said: "We can only assume that the lack of interest is because the flat is now blighted and is now of no value or, at best, is worth significantly less than one year ago."

Posted by mark wadsworth @ 02:25 PM (1744 views)
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6 thoughts on “The people benefit because of the new tram line won’t be in a hurry to compensate the losers

  • Thecountofnowhere says:

    Nothing to do with the massive economic crisis then.

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  • sibley's b'stard child says:

    I’m more disappointed that nowhere did it feature the words ‘at this price we might as well be giving it away’.

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  • lmao 🙂

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  • Retirement flats are really struggling to sell at the moment, even more so than ordinary homes. There’s a block near me which is actually priced quite reasonably. If it weren’t over-55s only I’d be quite tempted to buy!

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  • Look on the bright side. At least you will have good transport links. Well designed trams are also relatively quiet and not polluting. So unless the tram is right outside then there will be little argument for compensation IMHO.

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  • mark wadsworth says:

    TCON, house prices can only go up. If you’re near a new tram stop and your house goes up in value, then that’s your good fortune for investing wisely. If the evil council builds it past your front door then of course they owe you compensation, i.e. the difference between today’s value and the highest value the house might have achieved at any time in past four years.

    SBC, neither the words “They are robbing money from hard working heirs”

    Drewster, just you wait til I’m in charge and roll my LVT tanks into action. Them little retirement flats will be flying off the shelves and Poor Widows From Mansions will be battling for them.

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