100% mortgages, 10 credit cards, an inadequate £10k loan!
I quite like the idea of the 3 bed flat refurb in Brighton BUT as soon as I saw the renovation work on the block I thought: "That's going to be a significant part of his £15k budget gone!"... and in the next scene the developer admits that his proportion of the works will be £75k! To be fair, £75k seems extortionate for me.
Seems like the 2 groups have now been brought well and truly down to Earth!!
I loved the 1930s Brighton apartment...it seemed quirky in a nice way. Glad the conservation officer stopped him from putting "windows" between the 2 double bedrooms and the T-shaped lounge...How voyeuristic! It would certainly limit his rental market by doing that!
I hope Habib remembers to pay his mother back her £75k. She re-mortgaged her house to help him out, because he couldn't be bothered to read the paperwork properly. And now because a £50k profit isn't good enough for him she can't get her money back.
Loved the bit in the bathroom at the end when she said it was more Victorian than 30's. And Habib said there wasn't any 30's stuff in the shops only 1950's. "The 1950's were the Victorian times." Sarah's face, rofl!
He's decided to rent it out until the prices go up.
Am glad that Sarah persuaded the two from Notts not to buy those delapidated two former shops though. Found the young guy rather cocky that he refuses to get a proper job though, thinking he can just make money through property. I notice he's quite happy for his girlfriend to work though! Lol, I did have to chuckle at his attempts at plastering.
*It is not necessary to understand things in order to argue about them. -- Pierre De Beaumarchais
Sarah was right about Damon getting a job though, I'm sure even flipping burgers would have netted the same post tax profit over 21 weeks given the hours he was putting in! On a slightly different tack, am I the only one who looks at cream carpet and gets the sweats over the amount of cleaning it will need?
I think there was a lot more destruction of period features in the 70s and 80s than there is now, and certainly not done by 'foreigners'. Hence why the reclamation yards can now charge a fortune for fireplaces, tiles, stained windows where you used to be able to find them and pay diddly squat for them 20 years ago.
*It is not necessary to understand things in order to argue about them. -- Pierre De Beaumarchais
Originally posted by queenstomper: I think there was a lot more destruction of period features in the 70s and 80s than there is now, and certainly not done by 'foreigners'. Hence why the reclamation yards can now charge a fortune for fireplaces, tiles, stained windows where you used to be able to find them and pay diddly squat for them 20 years ago.
Agreed. And these original period features are becoming scarcer and scarcer .
Houses with these features left intact (or even re-instated) tend to command higher prices in my locality (Rugby/Northampton) than those which have been 'modernised' to within an inch of their lives.
Thank goodness people are waking up to the beauty of original features and are not ripping them out as a matter of course as they did in the 60s and 70s!
Habib showed no appreciation of the historical value of his flat and was prepared to butcher it about to 'increase its value' .
Sarah was very generous in her praise of the final result, giving Habib the credit for the 30s style kitchen (which was originally HER idea!). I've noticed she does this a lot when people actually take her advice.
Does anyone know: Has she ever been known to get it wrong?
Originally posted by Jinki: Oh dear TrevGo. Have you driven round Essex? That "indigenous white British" population also do the same.
I know, I know, that's why I mentioned it.
Queenstomper is right - it was worse in the 70s and 80s. I also said that.
I know it's impossible to talk about such things, but it is a FACT OF LIFE that most immigrant/second generation families do have no idea about the period houses they buy. Talk to local EAs, who will tell you there are two groups of buyers for property in East London - professionals from w or sw who want period features, good access to restaurants/transport and immigrant families who couldn't care what the period is so long as it has loads of bedrooms and rooms that can be knocked into one.
As I suspect I am going to say to next-door soon - why the heck didn't they buy a modern loft style apartment if that was the living space they wanted, rather than ruin a lovely Edwardian house?
I see it all the time and am p*ssed off that it cannot be spoken about. Seeing it writ large on TV made a change.
------------------------------ 35% constitutes neither a majority nor a mandate
I hate it whenever buildings get butchered and whoever is doing it. If the Brighton flat wasn't a modernist seaside deco pile it was nothing. I couldn't work out why the developer wanted some money off the owner for restoration but they were free to do their own thing inside within the constraints of Gd 2 listing.
If the develop had fitted authentic reproduction ceramics and detailing, commissioned carpets and fittings it would be a virtually unique environment and the flats would be going for a bomb if you could get your hands on one at all. It just doesn't add up to let people mess with them aesthetically or financially.
I have just been on a property hunt (hope the Person doesn't frequent this Forum! ) This 19th Century Farm house we viewed was very very nice BUT it had a amongst the stripped pine original doors to the rooms 2 modern 6 panelled 15 quid DIY Shed Georgian doors!! It was soooo out of place and completely spoilt the rest of the features.
Back onto topic!
The Young Couple would be better off returning to day jobs rather than jumping on the Property Development Band Waggon. 10k budgets and 10k profits and making it up as you go along doesn't get you very far. Who paid for all the new furniture in the finished house then? What about selling fee's they were not shown either? The sums didn't appear to add up either. Got rather a lot for £10k imo
They could still carry on Property Developing but why not do it as the vast majority of young people started.....buy and sell your way up the ladder living in the property as you go. No tax to pay on the re-sale of these developments (as yet but it's coming I fear!) Mel.
I know it's impossible to talk about such things, but it is a FACT OF LIFE that most immigrant/second generation families do have no idea about the period houses they buy. Talk to local EAs, who will tell you there are two groups of buyers for property in East London - professionals from w or sw who want period features, good access to restaurants/transport and immigrant families who couldn't care what the period is so long as it has loads of bedrooms and rooms that can be knocked into one.
As I suspect I am going to say to next-door soon - why the heck didn't they buy a modern loft style apartment if that was the living space they wanted, rather than ruin a lovely Edwardian house?
I see it all the time and am p*ssed off that it cannot be spoken about. Seeing it writ large on TV made a change.
I think there are plenty of white people out there who don't know much about our history or architecture either, you can't just blame 'foreigners' for wrecking period features, though it may seem easy as they get the blame for a lot of other woes in british life. People buy houses for their own purposes and sad as it may seem to you, in most cases they are allowed to change the house to fit their needs, not anyone else's. e.g you wouldn't like it if someone vetoed your plans to e.g put in a driveway instead of a front garden coz they like looking at the roses already there.
i'm not saying i hate period features, i have to admit i cringe a little when i see unsympathetic pvc windows etc (especially with the fake gold leading) but it's the owner's choice, in the end. we have plenty of museums in which to learn about our history.
Well, speaking as a third-generation immigrant brought up in a house positively awash with Victorian features, I'm not sure that ethnic origin (or appreciation of the simple facts of history) has too much to do with choice of decor! For some people, I think that fireplaces (for example) are utilitarian objects in the same way that an old toaster is utilitarian, and one can just as well be thrown out as another. I noticed that my aunt and uncle, for example, never use their fireplace, although it's in perfect working order, or see it as a centrepiece for the room -when I asked them about it, they said that they grew up in houses where fires were the only form of heating, and now that radiators are available, they see no need to go back to a more primitive type of heating.
I know it's impossible to talk about such things, but it is a FACT OF LIFE that most immigrant/second generation families do have no idea about the period houses they buy. Talk to local EAs, who will tell you there are two groups of buyers for property in East London - professionals from w or sw who want period features, good access to restaurants/transport and immigrant families who couldn't care what the period is so long as it has loads of bedrooms and rooms that can be knocked into one.
As I suspect I am going to say to next-door soon - why the heck didn't they buy a modern loft style apartment if that was the living space they wanted, rather than ruin a lovely Edwardian house?
I see it all the time and am p*ssed off that it cannot be spoken about. Seeing it writ large on TV made a change.
I think there are plenty of white people out there who don't know much about our history or architecture either, you can't just blame 'foreigners' for wrecking period features, though it may seem easy as they get the blame for a lot of other woes in british life. People buy houses for their own purposes and sad as it may seem to you, in most cases they are allowed to change the house to fit their needs, not anyone else's. e.g you wouldn't like it if someone vetoed your plans to e.g put in a driveway instead of a front garden coz they like looking at the roses already there.
i'm not saying i hate period features, i have to admit i cringe a little when i see unsympathetic pvc windows etc (especially with the fake gold leading) but it's the owner's choice, in the end. we have plenty of museums in which to learn about our history.
g
01) I refuse to give in to this nonsense - I did NOT say it was only "foreigners" that ruined houses - only that it very often is, particularly of late. Why don't you actually read what people write instead of jumping down their throats?
02) I would not dream of applying to sink the pavement and turning the front garden into a parking space. It looks hideous and totally ruins the appearance of streets. Needless to say, this is precisely what next-door are in the process of doing - and we have permit parking so there is no need whatsoever. There are, unfortunately, a couple of precidents.
03) If people want to change houses to "fit their needs", why don't they buy one that does to start with? I love these folk who extend their houses in every direction humanly possible at great expense - why don't they just move to a bigger house?
04) Last point about museums beggars belief.
"Cut down the trees, put em in a tree museum And charge the people a dollar and a half just to see em" Joni Mitchell
------------------------------ 35% constitutes neither a majority nor a mandate
Glad the conservation officer stopped him from putting "windows" between the 2 double bedrooms and the T-shaped lounge...How voyeuristic! 
