https://www.bbc.com/news/uk-england-cambridgeshire-51578026
Just how 'inaccessible' can it be?
I'd just snap it up and then get builders to demolish the way and create an entrance.
RIght guys??
'Inaccessable' Property Sells for £1 in Wisbech UK
Ljamiemao on 21/02/2020 - 09:33
Comments
Yeah doesnt even sound like OP read the headline
While you can probably install a drop-down ladder, even selling for £1 you'd still be liable for council rates, etc so it's not as cheap as it's face price.
But I can see it being valuable for the adjoining properties. Maybe the owner of one of those was the buyer - it's not inaccessible to them.
No council rates is applicable on the property as it is not livable although the buyer would have been liable for the auction fees.
From the ad:
The sale of each lot is subject to a contract documentation charge of £1200 (including VAT) payable on the fall of the hammer.
Build a bridge from the road access
I’d offer to sell it to the neighbour for £1000
Who also was at the auction, and counters with, you pay me $1000 and I’ll save you the annual council rates for your inaccessible property.
It's crazy a neighbour didn't. Cheap additional space. Merge titles and probably pay very little in rates.
It's crazy a neighbour didn't.
Who says a neighbour didn't?
Edit : It was bought by a local businessman and the property next door is coming up for sale, so he may be looking to extend.
Rates, utilities, services, water expenses with no immediate/obvious return possible.
Should the new owner wish to sell, they'll likely spend more money than the purchase cost just to get rid of it.
I would have assumed the adjacent/neighbouring owner would have bought it to punch through the internal wall for expansion.
It's in the UK and no council rates will be payable (they have business rates for businesses and council tax for residential property) and it's not supplied with any utilities, services or water so there will be no ongoing expenses.
They could insure it but for a potential loss of £1 I wouldn't bother.
Why would you think no council rates / tax? The government would tax anything. Even if you do nothing with the space the council would be incline to put a classification in order to tax it.
It's the UK they do not tax unusable property.
I own a garage in the UK which is worth much more than £1 and there is no tax payable.
Your garage is not unusable therefore should be taxed. That is another discussion. What you probably fell into is the no council tax on uninhabitable property
However, if you feel that you own an empty property that is uninhabitable, you might be eligible to be removed from paying Council Tax for empty dwellings. To do this, simply apply to your local valuation office agency for the property to be removed.
Soon as it is furnished and put to use they will be liable for council tax.
@netjock: UK council tax is only applied on residential property and the occupier pays it.
This property is not a home that can be lived in.
It doesn't have a council tax band.
@netjock: Nothing. It's useless property not even worth a pound.
It's nice to look at and say to your mates "I own that".
"cool, can we have a look?"
"Nope, there's no access"
"okay, next pub then, is it your round?"
Looks awesome. I'd get it, put a drop down elevator in it, and rent it out on airbnb as a Spy's Hideout
If you could get it through council and find an insurer to cover you for public liability, this would be an awesome secret venue space, like a speakeasy.
Just sneak in at night with a ladder.
Prepper safe house.
Maintain dilapidated exterior, hinged stairway held up by a pulley and bam! Instant hideout.
another spaghetti tree piece of crap from the bbc - who bothers with a state sponsored propaganda site?
Around 560 million people did in the past 6 months (edited)
since most of them were English and they have repeatedly proved themselves to be as thick as, what's your point?
Dumb and dumber, just like here with the Murdoch press - getting poor and poorer…they just shipped in 27 foreign nationals from Wuhan for undisclosed reasons - presumably because the yanks told them to…
I know right, the person that sold it was probably just looking for media attention.. the person who bought it was probably just a friend/family.
Now idiots are gonna sell 1m2 grass turf just to get attention
"Fenland District Council, which has owned it since 1966, put it up for sale alongside other "surplus properties""
12sq m first-floor space
Lol, you're buying a cupboard
In London, it is pronounced luxury flat.
https://www.domain.com.au/2-kerlin-close-redlynch-qld-4870-2…
$470. If anyone got a time machine, here's something to send back in time to troll people on Ozbargain.
use it for advertising
Rent roof to phone company for tower.
Be worth it to find out what's in it, contents unknown…..
the contents and condition remain a mystery
So…nobody has a video-capable phone they could strap to a pole and put against the window?
Or I dunno, a drone?What reverence does this have… right guys?
Its a single room and you need ladder access
idk what you would demolish