Ex-council redbrick or high-rise which is a better investment?

cherylsurrey

In 1999 I bought an ex council flat and ended up with a bill of £5000 for very minor works on the property (small block of 6 flats).


You can call the housing association who are now managing the block and ask if they have work in the pipeline, but that's not always accurate. When I bought my solicitor asked and they said minor works costing a few hundred in 2-3 years time, which ended up starting about a year after we moved in, so much sooner than they had told us, and at a much higher cost.


I personally would not buy one, it is just too risky, I have known many other people who have had terrible bills through much worse than mine.

Gigervamp

There was someone on here recently that had just bought an ex council flat and got a £20K bill for works.

Another thing to consider with the high rise, is if the lifts breakdown, you'll have an awful lot of stairs to climb.