UK houses sold off for just £1 each
Published: 2013 February 19 19:43:55 (5346 Views)
Houses bought for as much as £70,000 each under a 2003 regeneration Pathfinder scheme are now to be sold off for just £1 each.
Liverpool City Council in the UK is to offer the Victorian terraced homes in the 'Granby Triangle' area of Kensington at the rock-bottom price to DIY enthusiasts.
Each sale will include a clause for the purchasers to demonstrate they can bring the houses back up to scratch using 'construction skills'.
An estimated £2.2billion was blown on buying and demolishing homes - but far fewer new homes were built for the displaced occupants and others on waiting lists.
Hundreds of homes in the triangle were in line to be demolished in a £25million scheme promoted by the development company Leader1.
But city chiefs pulled out of the deal after the developers failed to meet deadlines for signing the contract last November.
Private landlords will also be able to bid for the tender to refurbish some of the vacant homes which come complete with the freehold.
Liverpool's Deputy Mayor and Finance Chief Councillor Paul Brant said: 'This allows people who may be excluded from mortgages but have construction skills to play a part in the regeneration of their communities.
'We've seen that the private sector model has not succeeded so far and, through this way of doing things, if there is any profit it will stay with local people.'
'Local people have been let down over and over again for decades.
'I hope this now rolls out to other areas of the city in desperate need of regeneration.'
Council Liberal Democrat group leader Kemp added: 'I think this is a good idea, provided there's a solid basis for it.
'Either housing associations or private individuals need to be doing this, as there's no profit to be made out of this kind of scheme, as we've seen through those that have failed.'
- Daily Mail
Liverpool City Council in the UK is to offer the Victorian terraced homes in the 'Granby Triangle' area of Kensington at the rock-bottom price to DIY enthusiasts.
Each sale will include a clause for the purchasers to demonstrate they can bring the houses back up to scratch using 'construction skills'.
An estimated £2.2billion was blown on buying and demolishing homes - but far fewer new homes were built for the displaced occupants and others on waiting lists.
Hundreds of homes in the triangle were in line to be demolished in a £25million scheme promoted by the development company Leader1.
But city chiefs pulled out of the deal after the developers failed to meet deadlines for signing the contract last November.
Private landlords will also be able to bid for the tender to refurbish some of the vacant homes which come complete with the freehold.
Liverpool's Deputy Mayor and Finance Chief Councillor Paul Brant said: 'This allows people who may be excluded from mortgages but have construction skills to play a part in the regeneration of their communities.
'We've seen that the private sector model has not succeeded so far and, through this way of doing things, if there is any profit it will stay with local people.'
'Local people have been let down over and over again for decades.
'I hope this now rolls out to other areas of the city in desperate need of regeneration.'
Council Liberal Democrat group leader Kemp added: 'I think this is a good idea, provided there's a solid basis for it.
'Either housing associations or private individuals need to be doing this, as there's no profit to be made out of this kind of scheme, as we've seen through those that have failed.'
- Daily Mail
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