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01-12-2016, 11:26 PM | #1 | |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Jan 13th, 2016: Unique Real Estate
Since the world doesn't want to support me in the manner to which I'd like to become accustomed, and I don't have a powerball ticket, I figured UT wouldn't mind too much if I hustle a little real estate on here.
First up is this sweet opportunity to acquire a Grade II listed, Victorian, three bedroom end terrace property, in Fairview, Cheltenham, GL52. A steal at only £210,000. That's $303,670.50 to you colonists. Ain't she a beauty. Quote:
A genuine Banksy The phone booth is a real working item so that belongs to the phone company, but the wall with the Banksy is yours with the house. link & link
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01-13-2016, 07:57 AM | #2 |
™
Join Date: Jul 2003
Location: Arlington, VA
Posts: 27,717
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I thought England had some sort of weird real estate deal where you just leased from the Queen for a certain number of years when you bought a place. And the number of years remaining on the lease was always mentioned in the ad. You can actually buy this place and own it? Forever?
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01-13-2016, 08:19 AM | #3 |
Encroaching on your decrees
Join Date: Feb 2004
Location: An island within the south-west coast of Scotland
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Not all of English property is leasehold.
Leasehold property is not always ultimately owned by the Queen - other rich folk can also own it. You may be thinking of the feu system in Scotland.
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01-13-2016, 08:45 AM | #4 |
UNDER CONDITIONAL MITIGATION
Join Date: Mar 2004
Location: Austin, TX
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There's parts of California and New York where a place like that would go for a price like that. Real estate markets are so insane.
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01-13-2016, 10:07 AM | #5 |
Junior Master Dwellar
Join Date: Dec 2009
Location: Buckinghamshire UK
Posts: 4,059
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The trouble with property that is 'listed', ie essentially under a preservation order, is that repairs have to be carried out using, as near as possible, original methods and materials.
The renovation for that house is going to be extremely expensive. I can't think why anybody would take on a listed building, be it house or commercial premises, unless they are prepared to live permanently under the threat of high maintenance and repair costs.
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01-13-2016, 10:17 AM | #6 |
The future is unwritten
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Posts: 71,105
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We have something similar, where buildings, even whole neighborhoods can be listed as historic properties. I believe then, you can't change the appearance of the exterior, but may renovate the interior.
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
01-15-2016, 11:11 PM | #7 | ||
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Quote:
Quote:
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The descent of man ~ Nixon, Friedman, Reagan, Trump. |
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01-16-2016, 01:47 PM | #8 |
Person who doesn't update the user title
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Location: La Crosse, WI
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What is Social rented?
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Annoy the ones that ignore you!!! I live a blessed life I Love my Country, I Fear the Government!!! Heavily medicated for the good of mankind. |
01-16-2016, 01:33 PM | #10 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
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I imagine that graph probably counts the 99 (sometimes, 999) year leasehold as 'owned'.Much less of the property market is leasehold now than it used to be.
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01-16-2016, 02:29 PM | #11 | |
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
Posts: 25,964
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Though, even in social housing, the cost of rent is not really 'low'. It's just lower than most of the private renting. The difference between social rent and private rent is particularly acute in areas where private rents have rocketed up in the last ten years or so.
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01-16-2016, 03:10 PM | #12 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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HM, that cave is astounding, but it doesn't have the charm of con/de-struction debris and no Banksy.
Fargon, Carruthers, keep in mind that chart is only for London and may not reflect the rest of the country. Dana, NYC addressed the skyrocketing rents with "rent control" laws that capped the rate at which rents could rise. From that point tenants were protected unless they moved, so it was in the landlords interest to evict people, often unfairly. That resulted in a dual system of buildings controlled and uncontrolled, which is pretty bizarre. We could house all the homeless in the empty walmart stores... and that's without the coming vacancies which are all juju's fault.
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01-16-2016, 02:45 PM | #13 |
Person who doesn't update the user title
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So it is like section 8 housing over here. Thanks Dana
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Annoy the ones that ignore you!!! I live a blessed life I Love my Country, I Fear the Government!!! Heavily medicated for the good of mankind. |
01-16-2016, 03:23 PM | #14 | |
UNDER CONDITIONAL MITIGATION
Join Date: Mar 2004
Location: Austin, TX
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Quote:
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01-16-2016, 04:40 PM | #15 | |
Junior Master Dwellar
Join Date: Dec 2009
Location: Buckinghamshire UK
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Quote:
Have a look here: http://www.homebuyservice.co.uk/elig...igibility.html Apologies for not constructing a proper link, but I'm posting on a not very co-operative iPad!
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