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we found this massively.
we saw > 20 flats in the sameish area in the same 25k price margin and the only price relative was square footage. Some were barely even liveable as a bit of a 'fixer upper' (rust running down the walls from drippy pipes, mouldy food embedded in kitchen wall, bath tub so stained you'd think itd been left outside).
Made even worse by every single one of the awful places we saw were currently tenanted by some poor souls
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http://www.rightmove.co.uk/property-for-sale/property-54427044.html
Holy...It's like a bedroom that's had a 'Day of the Dead' makeover. Almost spat my tea out.
Seems less of a wreck, more of a shambles that could be saved as long as 110% of everything in it was removed and ritually burned.
rogan
Howard
@princeperch
Another problem is that historically young peeps could buy a bit of a wreck off an oldywonk, sit there is deckchairs for a bit whilst they do the house up bit by bit. That was always a struggle but historically you could pick up a wreck and it's condition was represented by its price so it all came out in the wash.
Now greedy cunts are trying to price wrecks on a par to houses that have already had considerable work and money spent on them.
This for example in my road
http://www.rightmove.co.uk/property-for-sale/property-54427044.html
It's about what I would say my house is worth, however, my house has had a huge amount of work done to it and is in nice nick, and has probably had 90k spent on it in the last 5 years. This should be about 150k less than it's current asking to reflect the fact it's essentially the same as it was in the 1970s. But greedy old people won't hear of it, and thus it'll sit there stagnating rather than being sold to a nice young couple who will do it up and and support yet another sour dough pizza company opening up.