Customers are waiting to hear whether liquidators for the Vivat Trust, which had rescued neglected and dilapidated listed buildings, will be able to get their money back. Most recent accounts for 2013-14 showed the trust had more £100,000 “cash at bank” and had a net worth of almost £3m, but a notice on the Charity Commission website said the trust had failed to submit up-to-date information on its finances.A statement on the trust’s website says: “Once appointed the liquidators will investigate Read more [...]

Clearly the 700k is what they've determined the land itself is worth, which is interesting since you can likely buy another property, with a liveable house on it, on the same street for maybe 800-900k max. Meanwhile, for this plot, after you've forked over 700k, you then have to demolish the house (which is essentially unlivable), figure out if the land is even stable enough to rebuild on - if it's not, you're screwed. If it is somehow, you still have to fork over the additional cost Read more [...]

Wednesday, 22 July 2015

Bray Studios could be turned into 25 new homes as the company behind the 44 houses being built nearby in Water Oakley launches a planning application to develop the iconic Hammer Horror site and its listed building.   Farmglade wants to restore and partially demolish Down Place House, and add a two-storey extension, to create 10 new homes, and demolish surrounding buildings to build 15 houses. The last remaining tenants at Bray Studios – where the iconic Hammer Horror films were made – left Read more [...]

House price inflation and rising mortgage rates will make housing so unaffordable that half of all under-40s will be tenants within the next ten years, according to a report published this morning by PricewaterhouseCoopers. It predicts that while house price growth will remain below the double-digit percentage surges witnessed in recent years, steady growth of around 5% a year will continue to outpace 3 to 4 per cent increases in wages. Combined with a likely upwards move in mortgage rates Read more [...]

CAMPAIGNERS battling the building of homes have been buoyed by an opportunity to stage a further fightback. Tonight Portsmouth City Council’s cabinet member for planning, Councillor Luke Stubbs, agreed to reduce the St James’ Hospital site housing allocation to 280 from 370. We’re quite pleased because it gives us the opportunity to influence it in future Janice Burkinshaw The council allocated a revised figure based on a feasibility study that found that due to listed buildings Read more [...]

A Georgian mansion near Chirnside has been demolished after it failed to find a buyer, despite being priced at just £1. The sandstone mansion, Whitehall House, was in need of repairs costing around £1.2 million, but after its owners failed to find a buyer, permission was given to knock it down. Whitehall House After no buyers came forward, owner Douglas Pryde, a financial advisor, was given permission by Scottish Borders Council and Historic Scotland to go ahead with Read more [...]

HOMEOWNERS in Swindon are listing their houses for sale on the market in droves with nearly 50 per cent more people selling up in the past month. The number dwarfs the national average according to a recent study, with only around a 7.1 per cent increase across the UK. More than two thirds (67 per cent) of major towns and cities have seen a rise in the number of new properties being marketed in the same period. Online estate agent HouseSimple.com has compiled a property Read more [...]

Would you pay $688,800 for a crooked house?That's the asking price on a two-storey fixer-upper in Toronto's west end, at 868 Shaw St. The three-bedroom, two-bathroom house has uneven doors and a sinking roof, but its most unsettling feature is that it tilts off to one side.Neighbours told CityNews in April the house's new owners had planned to tear it down, but the house is now being listed for almost $700,000 by Re/Max.The house next door has been Read more [...]

Would you pay $688,800 for a crooked house?That's the asking price on a two-storey fixer-upper in Toronto's west end, at 868 Shaw St. The three-bedroom, two-bathroom house has uneven doors and a sinking roof, but its most unsettling feature is that it tilts off to one side.Neighbours told CityNews in April the house's new owners had planned to tear it down, but the house is now being listed for almost $700,000 by Re/Max.The house next door has been Read more [...]