Omega Owners Forum

Chat Area => General Discussion Area => Topic started by: tunnie on 31 October 2012, 14:53:04

Title: Cheap House?
Post by: tunnie on 31 October 2012, 14:53:04
http://www.bbc.co.uk/news/uk-england-tees-20135248 (http://www.bbc.co.uk/news/uk-england-tees-20135248)

12 months of my mortgage payments cost more than this house  :o :o  ;D ;D ;D
Title: Re: Cheap House?
Post by: cleggy on 31 October 2012, 15:10:00
Would you live there... :D :D I wouldn't have it given ;D ;D ;D ;D
Title: Re: Cheap House?
Post by: tigers_gonads on 31 October 2012, 15:12:56
You don't have to live there
Just strip it out, get a bunch of lads in there to rebuild it with say 15 grand limit to play with.
Sell it as a virtual new build for 50 grand.

Hey presto, 20 grand profit for a months graft  :y
Title: Re: Cheap House?
Post by: tunnie on 31 October 2012, 15:13:54
If had cash, buy it out right & as above strip it and rent it out. Or just buy it cash and hold on to it for a few years, say around a decade? Nice little investment there i think
Title: Re: Cheap House?
Post by: tigers_gonads on 31 October 2012, 15:18:08
If had cash, buy it out right & as above strip it and rent it out. Or just buy it cash and hold on to it for a few years, say around a decade? Nice little investment there i think


Thats the way to make money nowdays
You just need the money in the the first place to start and providing you use your nogin, you can not lose  ;)
Title: Re: Cheap House?
Post by: Rog on 31 October 2012, 15:26:08
Investment ? Well maybe, on a very long term basis.

If you read the article it really is a seriously crap area, plus the house has been completely stripped bare. No I wouldn't have it as a gift. The only investment possibility would be to get it, try and make it secure, and hope that the area improves.
Title: Re: Cheap House?
Post by: Field Marshal Dr. Opti on 31 October 2012, 15:40:59
Make it fit for human habitation then rent it out.

I reckon you'd be looking at about £400-£500 each month. DSS welcome. ::)

Might make a good investment. :y
Title: Re: Cheap House?
Post by: Sir Tigger KC on 31 October 2012, 16:34:43
Location, location, location!!!  ::)

Yes you could buy it for a pittance, spend £15,000 making it nice, but because it's in a crappy area, you'll find that decent people won't want to live there and you'll end up with crappy tenants who won't look after it and don't like paying rent!!  ::)  If you bought it to do up and sell on, you probably find it'd get stripped out again whilst waiting to be sold!!!  :o

You could be buying a whole lot of hassle with this one....  :-\
Title: Re: Cheap House?
Post by: omega3000 on 31 October 2012, 17:08:38
Location, location, location!!!  ::)

Yes you could buy it for a pittance, spend £15,000 making it nice, but because it's in a crappy area, you'll find that decent people won't want to live there and you'll end up with crappy tenants who won't look after it and don't like paying rent!!  ::)  If you bought it to do up and sell on, you probably find it'd get stripped out again whilst waiting to be sold!!!  :o

You could be buying a whole lot of hassle with this one....  :-\

+1  :(
Title: Re: Cheap House?
Post by: feeutfo on 31 October 2012, 17:14:43
Yes I wonder, WHY, it might be so cheap...? ::)
Title: Re: Cheap House?
Post by: albitz on 31 October 2012, 17:16:38
You would make more money by buying and renting out a parking space in London than you would buying that house.
Having said that,parking spaces in London can sell for a hell of a lot of money,depending on which area they are in.
Title: Re: Cheap House?
Post by: Steve B on 31 October 2012, 17:42:04
Take a look around ..you may change your mind.  :y...think the dogs walk around in pairs there ;D ;D ;D ;D ;D


http://maps.google.co.uk/maps?q=Limetrees+Close,+Middlesbrough&hl=en&ll=54.594986,-1.242034&spn=0.003773,0.011362&sll=52.8382,-2.327815&sspn=8.059533,23.269043&oq=+Limetrees+Close&hnear=Limetrees+Close,+Middlesbrough+TS2+1SL,+United+Kingdom&t=m&z=17&layer=c&cbll=54.595057,-1.242097&panoid=N-YFMWf0FWG42wxeHTe-eQ&cbp=12,251.45,,0,4.77
Title: Re: Cheap House?
Post by: PhilRich on 31 October 2012, 17:46:27
You would need 24hour armed guards with orders to shoot to kill to protect your 'investment' on that Estate Mark! It was too expensive a liability at £750 tbh  :D ;D ;D ;D ;D
Title: Re: Cheap House?
Post by: omega3000 on 31 October 2012, 19:03:51
A couple of streets down there is a donkey or pony in the front garden  :-\ :-X
Title: Re: Cheap House?
Post by: Vamps on 31 October 2012, 20:59:28
You would need 24hour armed guards with orders to shoot to kill to protect your 'investment' on that Estate Mark! It was too expensive a liability at £750 tbh  :D ;D ;D ;D ;D

Agreed lots of boarded up houses the council / housing associations cannot rent out, it was said recently that there were some 4 bedroom houses available but no one wants them.... :( :(  It's not all doom and gloom, there are some quite respectable people live on this estate... :) :)
Title: Re: Cheap House?
Post by: llewellyn237 on 31 October 2012, 22:33:14
Port Clarence is an awful area, wouldn't have that house given.

I'm proud to be from Teesside, but there's some terrible areas. You could drive in one end and drive out the other on your brake discs. They're really that bad!
Title: Re: Cheap House?
Post by: GastronomicKleptomaniac on 02 November 2012, 18:08:25
Port Clarence is an awful area, wouldn't have that house given.

I'm proud to be from Teesside, but there's some terrible areas. You could drive in one end and drive out the other on your brake discs. They're really that bad!

I'm regularly in Port Clarence for work purposes*. It really is the shittest of the shit. I won't leave my vehicle unattended...

*no, I'm not a hooker
Title: Re: Cheap House?
Post by: PhilRich on 02 November 2012, 18:16:12
Port Clarence is an awful area, wouldn't have that house given.

I'm proud to be from Teesside, but there's some terrible areas. You could drive in one end and drive out the other on your brake discs. They're really that bad!

I'm regularly in Port Clarence for work purposes*. It really is the shittest of the shit. I won't leave my vehicle unattended...

*no, I'm not a hooker





Prop Forward or Winger then GK?  ;D ;)
Title: Re: Cheap House?
Post by: GastronomicKleptomaniac on 02 November 2012, 18:18:51
Prop Forward or Winger then GK?  ;D ;)

 ;D

Also, I've just noticed that it says "Port Clarence, Stockton". That's an insult even to Stockton.
Title: Re: Cheap House?
Post by: Elite Pete on 02 November 2012, 18:23:10
Buy it, get loads of receipts for doing it up, insure it and burn it to the ground ::)
Title: Re: Cheap House?
Post by: llewellyn237 on 02 November 2012, 19:59:54
Prop Forward or Winger then GK?  ;D ;)

 ;D

Also, I've just noticed that it says "Port Clarence, Stockton". That's an insult even to Stockton.
It's weird, but I think it is classed as Stockton-on-Tees. If you come down Portrack Lane, it's Stockton. Go down the Haverton Hill road past Tioxide (ICI), it's Billingham. Past Port Clarence is Stockton again. Turn left toward Seaton it's Hartlepool, go straight on to Transporter, it's Middlesbrough  :-\
Title: Re: Cheap House?
Post by: Vamps on 02 November 2012, 21:10:44
Prop Forward or Winger then GK?  ;D ;)

 ;D

Also, I've just noticed that it says "Port Clarence, Stockton". That's an insult even to Stockton.
It's weird, but I think it is classed as Stockton-on-Tees. If you come down Portrack Lane, it's Stockton. Go down the Haverton Hill road past Tioxide (ICI), it's Billingham. Past Port Clarence is Stockton again. Turn left toward Seaton it's Hartlepool, go straight on to Transporter, it's Middlesbrough  :-\

The official postal address is Port Clarence, Middlesbrough, but the area is serviced by Stockton Borough Council....it's North of the Tees...... ;) ;)
Title: Re: Cheap House?
Post by: GastronomicKleptomaniac on 03 November 2012, 10:52:31
Buy it, get loads of receipts for doing it up, insure it and burn it to the ground ::)

You wouldn't have to fraudulently do so - make it even vaguely nice and the locals will helpfully burn it down for you. Without being asked.