£1 houses: Britain's Cheapest Street

[Saleen836]

New series started this evening on Ch4 9pm, interesting subject

[Saleen836]

Oakey said:

If the choice is putting your £60k into a property twice the price but in a nicer area or sticking it all into a quid property in a terrible area then I think I'd choose the former. Yeah you still have a mortgage but if the latter fails you've lost your savings and you'll be stuck with a house you can't sell in an area that's horrendous?

The rules set are they have a specific time frame to complete the renovations and everything has to be signed off by the council inspector, fail to meet the requirements and you lose the house and forefit any monies you have spent up to that point.

[Saleen836]

dom9 said:

Mrs9 tells me that her mate who owns one parks her leased (so I assume new) Audi on the street there...

I can't see that being a good idea from what we saw in the first episode so I can only imagine things are already somewhat 'better' there already.

If that's the result of the 'regeneration'; surely that can only be a good thing?

She is a teacher at what sounds like a hell-ish school, so also a 'key worker', supporting and hopefully helping the community.

Obviously we have some bias but if the council makes some tax off them (as opposed to spending money demolishing and regenerating the area themselves) and the area 'gentrifies' (to use a word I dislike) then great.

It's not like they removed people, who are now elsewhere - the place was empty with no real means (without the council spending every local's tax money) to sort it.

I thought they did relocate the residents? the whole area was due to be razed to the ground and rebuilt but government funding was cancelled so the houses were just left to rot for 10 odd years.

[Saleen836]

Heads up!
New follow up series starts tonight Ch4 @ 8.30pm

'Cameras catch up with the people who are now living in the £1 house neighbourhood to find out how they are getting on'