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Houses for just £1

HAMISH_MCTAVISH · 2013-04-23 08:02:13

http://www.bbc.co.uk/news/uk-england-stoke-staffordshire-22247663 A very good thing in my opinion. Derelict homes are of no use to anybody, and by offering loans for the owners to do the refurbishment themselves, the council can probably put these back into use far more cheaply than if they had to pay for a full refit at…

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zagubov Posts: 17,938 Forumite

23 April 2013 at 5:44PM

The price was too low. Why make it £1 when they could have recouped some of the scheme's costs by charging £1000. Charging £1 was only a pound away from putting it on Freecycle!

There was a similar scheme in Glasgow back in I think the 70s/early 80s. Derelict homes in an area called Blackhill were sold off to buyers( not landlords) at £1000 as empty shells needing renovation by their new owners. Before that, it was the kind of place even the SAS would demand an escort. :eek:

Worked quite well. IIRC - the buzzword was "Flatsteading" in those days.:)

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