I've been mulling something over.....

moneyistooshorttomention

Precisely.

It is just a viewing and just one of several things you are (presumably) doing that day. My "What have I got to lose by doing so-and-so?" mantra comes into play sometimes.

Answer - in this case = an hour or so of my time.

densol_2

OP - sell ( hopefully ) the lemon at auction and walk away and enjoy how lovely it is living in a new build

Gingernutty

Soooooooooo, anyway......

I went to view the house.

I don't know where they found the dwarf photographer but he/she took excellent wide angle pictures.

You'd never guess they'd been altered to make the house look twice as big as it actually is.

:eek: It was tiny. The build quality seemed to be very good though.

There was an odd footpath arrangement around the garden fence which made me uneasy and the area is weird.

It's at the end of a residential area bordering a series of business parks/light industrial units and a weed loaded old freight yard.

It's on the wrong side of a weak bridge (7.5 tonnes max) meaning that lorry access is limited.

The units on the other side of the bridge are thriving (builders' merchants, decorating centres, plumbing supplies etc) but the units on the residential side are semi-derelict. One consists of a Christian centre surrounded by high grass.

There's a derelict cemetery as well, mainly grass with a few busted headstones spread out across the Japanese Knotweed loaded landscape.

The walk to and from work is bleak and scary too.

But.

There is a coach house (a flat above three garages) that the estate agent is going to tell me Monday if it's freehold or leasehold.

Still with teeny, tiny rooms but with the garage as extra storage space, there's another/longer way to work which bypasses the dereliction and overgrown pavements and on a sunny day, there's a walk along the canal to town.

It's £20K cheaper too.

They haven't finished building it yet, they'll let me know when it's ready to view.

seven-day-weekend

Gingernutty wrote: »

Thank you for all your replies.

Plan C - Buy somewhere else and auction property off. Hopefully, someone might want it, although there have been some properties which haven't sold at auction.

There are a lot of rental properties around here - there are two social housing associations as well as private rentals as well.

There are some private owner occupiers but we are not in the majority and many have family or some other reason keeping them here.

The area is a landlord licensing area. Anyone who wants to be a landlord must be shown to be a fit and proper person and have a licence costing £525 for each property let.

ETA: I bought this place as it was close to all transport links (bus, train and tram), close to the city centre (shops, facilities etc) and at the time it was 'on the up'.

There were exciting plans and developments in the pipelines including Tesco, who had just bought a huge site a few streets away, I had a good steady job and it seemed ideal.

:rotfl:

Wolves has just gone downhill since then, with a financially incompetent council, shops closing down left, right and centre, right up to Tesco abandoning plans for the site local to me and a lot of the bought land and properties for the "exciting developments" just left to rot.

Property prices have been depressed as a result.

I take it then that you are in All Saints area?

I agree with others. Auction. It will be years before Wolves regenerates enough and even 'nice' areas like the one I live in are going downhill.

Gingernutty

seven-day-weekend wrote: »

It will be years before Wolves regenerates enough and even 'nice' areas like the one I live in are going downhill.

What area do you live in?

savesaving

Auction, it should be able to have a good result.

seven-day-weekend

Gingernutty wrote: »

What area do you live in?

I'm in Newbridge. Not as nice as its near neighbour Tettenhall, but I can't afford to live there!

seven-day-weekend

seven-day-weekend wrote: »

I'm in Newbridge. Not as nice as its near neighbour Tettenhall, but I can't afford to live there!

https://en.wikipedia.org/wiki/Newbridge,_Wolverhampton

https://www.google.co.uk/maps/@52.596093,-2.156581,17z

Pyxis

Hi Gingernutty!

I know you are trying to address this problem now.

Firstly, is the JK situation any better? ie, is any treatment for it being done/having an effect?

Secondly, I'm sure you've probably done this already, but if not, it would be sensible to sit down with a big sheet of paper, divided into the various options you have, and put down a cost-benefit analysis, in terms of money, for each option.
Mark in red which one is the better financial option.
That's the HEAD section.

Then under each of those financial analyses, put down the pros and cons of each, in terms of level of stress involved, your time involvement, any excitement you have at that particular project, etc.,both short term and long term.
Mark in red which one gives you the biggest thrill OR the least amount of stress.
That's the HEART section.

That will help to clarify things for you.

Next, look to see if the HEAD section marked in red is the same as the HEART section marked in red. If it is, problem sorted.
If it isn't, scrap the one that's got no red mark and go on to...........

Leave the charts for 24hours. Then go back and read through the red-marked ones, ie the best HEAD option and the best HEART option.
Does one give you a deep feeling of dread?
Does one make you feel relief?
Does one make you feel excited?


No need to analyse why! Ditch the dread one, and go with the excitement one! Or if no excitement, go with the one that gives you the most relief or the least dread.

Money isn't everything, not if your health starts to suffer and you can't move your life forward, and every day is a day of worry and stress over the property.

Moving out was the right thing to do........it will enable you to think much more objectively and with more empowerment, because the place will now just be an investment property and not your home, with all those emotions of 'home' tied up in it.

Good luck, and if we can be of more help, we will! :A

Pyxis

By the way, I did a similar chart thing when I was buying a property.
Made a long list of all the benefits in a property that I was looking for, and any disadvantages, plus costs of course, and then for every property I viewed, I ticked the relevant benefit section and put a cross in the disadvantage section that applied to it.

(I included categories like how I felt about the property, its atmosphere and 'feel' etc., so the list included head and heart options! Important to include heart, when you're buying somewhere to live in!)

When I had viewed several properties, I added up all the ticks and crosses. It was very interesting and really helped me to choose between some very different properties!