House for sale at £2,000.....but

.....it needs work.

Frankly it needs tearing down and rebulit, but what fascinated me was the fact there are still so many personal items left lying amidst the muck and rubbish. The walls are full of mould, yet there are pictures and photos on the walls. Its like someone woke up and thought "I can't live here anymore" and walked out.

Its going to auction, so will go for more than £2,000.

https://www.thetelegraphandargus.co....on-just-2-000/

Re: House for sale at £2,000.....but

OMG. I'll bet that goes for around £25-30k. Then it will need another £20-25k spending on it to make it habitable.

The article says it's a leasehold property (long lease) so I wonder what the annual ground rent is and what uplifts will be applied every 10yrs. Another question, who is the Freeholder of the property? The local council?

One to avoid with a very long barge pole if you ask me.

Re: House for sale at £2,000.....but

I'm not really sure how a leasehold works, to be honest, Percy. Its not something we do in Scotland. We get a mortgage, pay it off and the house is ours. Is a leasehold house ever your own? Freeholder? haha, I'm lost now. And yes, one to be avoided at any rate unless you have millions in the bank to do it up. Such a shame

Re: House for sale at £2,000.....but

Bradford? Absolutely not under any circumstances even as a quick-flip.

Re: House for sale at £2,000.....but

Is it a bad place, Todger? I haven't been there, so don't know.

Re: House for sale at £2,000.....but

So do we Sassenachs, Pixie.

This is how it works down here:

Freehold: Someone who owns the freehold of a property owns the property and the land it stands on, for an unlimited period.
Leasehold: Unlike a freeholder, as a leaseholder you own the property BUT NOT the land on which it is built – that is owned by the freeholder.

More, impartial, information about Leasehold can be found here: https://www.lease-advice.org/

Re: House for sale at £2,000.....but

Bradford is now a horrible place thanks to immigration. It is not alone in the UK, especially England and for the same reason.

Re: House for sale at £2,000.....but

You would need to speak fluent Urdu, have a hazmat suit, body armour, and an up to date Passport, Pixie!

Apart from that it is OK.

Re: House for sale at £2,000.....but

Omg I bet there's a few rats living in that place eeeek .

Re: House for sale at £2,000.....but

Yuk there might have been a body in there rotting for years...