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Major renovation in an ex-council flat possible?
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https://www.newham.gov.uk/regeneration-1/regeneration-project-canning-town-custom-house/2100eyes said:The block is in Royal Victoria / Canning Town, there is a lot of regeneration going on around thereMight be worth going to one of the resident drop in centres to see if the block is one affected by demolition, it would explain why it hasn’t sold in three years.2 -
I'd agree for the more expensive areas in London; I think the cheaper you go the less likely it is to be nice. The vibe, for want of a better word, I think is somewhat different.100eyes said:
I personally like ex-LA flats, there are usually more spacious, and a lot of them have large windows in comparison to other older or period properties and purpose-build houses (not including new builds here) also I have a very limited budget. I have liven in a low rise council block in Camden for 3 years and it was a good experience.numbercruncher8 said:Down by the river it is pretty quiet, I think it is different from the worst bits of Newham. But as with most of London you won't have to travel far to find a rough bit.
That being said, IIRC the ex-LA flats are just ugly, and will always be the cheapest properties in the area. Personally I think adding value would be difficult - if you have the money for renovations why not just go for a different property that doesn't need them?
If it's been on sale 3 times in the past I would suspect it is either too hard to sell, perhaps because of price, or more likely too hard to buy - some lenders do not like it.
It's not the one for sale for £190k is it? If you don't need to live in this exact area I think widening the search area by around a mile would throw up some alternatives.3 -
Very interesting, thank you for the link!bex2012 said:
https://www.newham.gov.uk/regeneration-1/regeneration-project-canning-town-custom-house/2100eyes said:The block is in Royal Victoria / Canning Town, there is a lot of regeneration going on around thereMight be worth going to one of the resident drop in centres to see if the block is one affected by demolition, it would explain why it hasn’t sold in three years.0
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