We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Inheriting an expensive house
Comments
-
To be fair he is right. There are plenty of cash rich developers who pounce on such properties to redevelop them around here in West London. I have seen absolutely derelict houses in prime areas go for 7 figures, get redeveloped and then put up for >£1m more. That includes knocking them down and rebuilding. The area he is talking about is a prime area and would be easy pickings.
If you are able to finance it and get the best advice you can then it will be massively worth it, but your position is a massive risk (i.e. you are not a seasoned developer, and don't have a substantial cash reserve to fall back on).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards