Steel Frame and Concrete House

MissBehaving

We had a mortgage in principal from Northern Rock when we went looking at houses. Fell in love with a house of the same structure.
NR wouldnt touch it with a barge pole but Halifax would. Didn't move mortgages, just found another house.
I wonder what it would be like when and if it came to resale!!!
The present occupiers were happy to leave loads of furniture inside and out to secure the sale!

seven-day-weekend

seven-day-weekend wrote:

Only if they are Council houses!

But MIL's was bought in full knowledge of the problems and we inherited it with the problems.

Worked out OK for us though....we bought our house in Spain with the proceeds.

I would not buy one if I intended using it as a stepping stone to another house in the UK. You almost certainly won't get enough money for it.

See what the survey says first....there is a chance it may be OK.

molerat

Just do a google for prc house or airey house to see what problems can occur. I have seen a few estates where they replaced the outside walls with brick, my uncle bought his after the council did it, but that was a very expensive option. The easiest option that most councils have chosen is to demolish and start again.

seven-day-weekend

Don't forget, these types of houses and bungalows were only ever meant to last ten years as temporary housing after the war.

ahll

Does anyone have an idea of how much it would cost to take down the concrete and re-buid with brick ?

STRAWB

Hi Ahll,
I bought a house like this about 7 years ago, I couldn't get a mortgage, but as it was only about £18K, I managed to get the money together. I had it rebuilt 3 years ago, and eventhough I had extras like nice stone, french doors and extra doors and windows etc, it cost in the region of £32K by specialised builders, I even have a 40 year guarantee which you wouldn't get with any house!
I had the house valued a few weeks ago at £229K so it has been money well spent. Maybe this is an isolated case, but I would definately do it all over again, if I ever get the opportunity. I think you maybe able to get a mortgage now, but only if you borrow the money for the rebuild as well. I would imagine it would cost you somewhere in the region of £35K to rebuild.
Hope this helps, if the house is in the South of England, I can give you the contact number for the builders I used, they come out and give you a free no-obligation quote, and I think they even offer finance for the rebuild.

STRAWB

Hi Ahll,
I bought a house like this about 7 years ago, I couldn't get a mortgage, but as it was only about £18K, I managed to get the money together. I had it rebuilt 3 years ago, and eventhough I had extras like nice stone, french doors and extra doors and windows etc, it cost in the region of £32K by specialised builders, I even have a 40 year guarantee which you wouldn't get with any house!
I had the house valued a few weeks ago at £229K so it has been money well spent. Maybe this is an isolated case, but I would definately do it all over again, if I ever get the opportunity. I think you maybe able to get a mortgage now, but only if you borrow the money for the rebuild as well. I would imagine it would cost you somewhere in the region of £35K to rebuild.
Hope this helps, if the house is in the South of England, I can give you the contact number for the builders I used, they come out and give you a free no-obligation quote, and I think they even offer finance for the rebuild.