Active discussions

Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Talk
AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To wonder what is wrong with this property?

56 replies

hibbleddible · 22/04/2016 17:11

It's not a short lease (freehold) and it's being sold for a song in an area where house prices are shooting up.

What's the catch?

OP posts:
Original poster
hibbleddible · 22/04/2016 17:45

Lol at witsender

Bruce grove is the hot stuff property wise now, families moving out there to get larger homes.

The legal pack hints that the tenant hasn't paid rent for a while, but an eviction notice has been served.

OP posts:
Noodledoodledoo · 22/04/2016 17:51

Used to be a shop sold in 2004 www.rightmove.co.uk/sold-prices/photos/property-43843250.html?photoIndex=0

Zoopla value it at £164000

Pipbin · 22/04/2016 17:54

Is there anything right with it?

70isaLimitNotaTarget · 22/04/2016 17:57

Outside is red route/double yellow lines , looks like parking across the road but there's an MOT garage so probably not.
Just in case you wanted to ever be able to park.

And as you're 0.1 miles from the Station, proobably unlikely

Flat roof and ugly as sin and yes, far more than £120,000

AliceInUnderpants · 22/04/2016 17:58

That looks so depressing. Imagine paying over £1k a month to live there Sad

PerspicaciaTick · 22/04/2016 17:59

The door is wonky in the frame and the dark wet bit of wall and the roof line also look wonky. I'd be worried about something foundationy/subsidency.

Oakmaiden · 22/04/2016 18:00

It is not being sold with vacant possession - there is a tenant in there who it doesn't look like is moving out. Perhaps they don't pay the rent....

GrumpyOldBag · 22/04/2016 18:03

As pos have said, if it's for sale at auction they deliberately put a low guide price to attract lots of interest.

It will sell for far more than that on the day.

And it looks a bit grim anyway.

GrumpyOldBag · 22/04/2016 18:04

And it's near a busy main road.

ghostyslovesheep · 22/04/2016 18:10

It's not for sale at that price though is it?

It will sell for more - it looks vile

ChemistryHunt · 22/04/2016 18:17

It's probably a combination of having an assured tenent sitting in (so although you can evict after xx months the rent is fixed), the fact that it is a guide price and likely to go well above and potentially some structural or similar issue that means mortgage companies won't touch it and they will going after cash buyers only.

WhereYouLeftIt · 22/04/2016 18:22

It looks to me like it's probably got a lot of structural problems.

I reckon it started life as a single-storey building, probably a garage; became a shop (hence the awning and the metal shutter below), possibly that was when the second storey was added as a stockroom.I wonder if it was done properly, and if not how much it would be to fix it to moderm building regulations? It's got a flat roof and the black marks top left suggest sustained gutter problems. Water damage can really damage the fabric of a building.

If you have a look at the map on that page, change it to satellite view. That shows how very near to the rail line it is, plus the 'back garden' appear to be a dumping ground. Oh and it confirms the shop idea - 'Bucky's News'.

This would take a lot of work.

paintandbrush · 22/04/2016 18:26

That shack is the reason I wouldn't want to live in London.
I could be very wrong here, but looking at the angle of the garden walls I'd be worried about possible subsidence. Maybe it's just the camera. It's obviously a poor quality structure. Could well be cheaper to buck the whole sorry thing down and build something of decent quality.

absolutelynotfabulous · 22/04/2016 18:28

Yeah,lots of work, but it's the land that's valuable, surely?

So either a very low starting price to attract buyers, a short lease, or something else that prohibits selling on for a decent price (non-standard construction maybe). Or tenanted by a tenant on a lifetime tenancy (not AST).

Or a combination of all if those things, coupled with a crap area.

Be interesting to find out what it goes for.

70isaLimitNotaTarget · 22/04/2016 18:39

Buckys News looks like it's on the corner (beyond the blue garage) , the other link shows it was a butchers ? (I bet theyy were charmed when Asda arrived Hmm )

We should nominate someone to go to the auction (sitting on their hands so they don't bid) to see how much it goes for Grin

Tiggeryoubastard · 22/04/2016 18:43

It's a garage with a room built over it. It's a shithole.

AngieBolen · 22/04/2016 18:48

It will go for more at action - no one who has at least £120K cash would actually live there, would they?

It looks like it has damp and a leaking flat roof, and was obviously a shop. I can't figure out if the first floor is original, or an after thought.

I bet there is very little space at the back, so no room for a "garden".

I can imagine someone buying if for the land, and then putting a new build Victorian look house which is actually two flats on it.

AngieBolen · 22/04/2016 18:52

If you have £100K to spend on , I reckon you could make £100K on it - depending on what you get if for at auction.

lalalonglegs · 22/04/2016 19:17

I would guess that it was built/converted without planning consent/building regs and the local authority is now threatening enforcement action. Other than that, if it's a repo, the bank can sometimes put the guide price at the amount that the borrower needs to clear the debt (if it's an amount that is in line with what the house is worth) so it's a reserve price rather than a guide price, iyswim.

LuluJakey1 · 22/04/2016 20:19

I think it is probably also a very odd shape and narrows towards the back of the property. It is clearly damp from the roof. It's pretty grotty in all respects really.

thecatfromjapan · 22/04/2016 20:41

Lol @ witsender. I can see why the tenant might have stopped paying rent. I feel appalled and saddened that such a high rent can be charged for such a horrible dwelling-place.

Potatoface2 · 22/04/2016 21:59

As its for auction the price is a guide....will go for more i suspect

ParsleyTheLion1 · 22/04/2016 22:08

god imagine being the person living there at the moment and you stumble across this thread....Blush

Original poster
hibbleddible · 23/04/2016 18:38

parsley while there may be some truth in that, we don't know what it is like inside.

What I was surprised at is that the details of the tenant were available in the publicly available legal pack. I wouldn't be happy with that.

OP posts:
MrsDeVere · 24/04/2016 15:49

This reply has been deleted

Message withdrawn at poster's request.