Thread: government to snatch empty houses
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Old 12-03-2009, 22:12   #27
sollp
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Re: government to snatch empty houses
Quote:
Originally Posted by Nidge View Post
There was a guy round our way who bought a 100's of ex National Coal Board houses for the sum of £1,500 each, he put low income families in them and charged top end rents, he wasn't the sort of landlord who didn't like to do any repairs. The areas where he bought the houses were in run down areas of Mansfield like Pleasley, Warsop Vale, Meaden Vale and also in some villages in Derbyshire.

Over time he let the houses fall into a state of disrepair, most of them ended up being boarded up and left for years.

A few years ago the Coalfield regeneration plan came into force, the local council implimented a compulsary purchase order for all of his houses so they could press a head with knocking the houses down and rebuilding them with new ones. He got £15,000 for every house even those that had been empty for over 10 years.
Well he played his cards right then.
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