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Is it for the whole building? Where’s it located?
105k might be a steal for the land alone
Not if it’s flood damage.
It was a house and depending on the location, yes it would have. The land is often the most expensive part of buying a house
I looked it up. It’s located in Thamesmead near the Thames. The auction went for £117 000 for the shown unit, not the entire building, and the land is leased. No explanation for the mold.
https://auctionhouselondon.co.uk/lot/11-eastgate-close-thamesmead-london-se28-8pj-281629
Is it for the whole building?
Thought it might be with the two entrances. I’m kind of surprised this unit is so bad without making the whole building condemnable
That’s what amazes me. Unless something drastic has gone rapidly wrong (dead resident, closed windows, heating on high, etc - I have friends in housing with horror stories about people exploding), how have the other residents not kicked off about this as it must be… impacting them too.
It definitely feels like there is a story to be told there.
If its $105k in a place with manicured lawns and close neighbors, as seen in the first photo, then there’s mold and rot all the way through to the frame and the underground pipes are wrecked too. But that still leaves the slab and service hookups.
$105k still sounds OK until you start to realize the demo and remediation costs.
Frame? This is in London, so it’s going to be blockwork and brickwork. The only frame would be the roof trusses.
If you could convince the sellers to rent it for an afternoon, and you have a high quality camera, you could get some amazing digital assets for some horror video games.
It looks like a Saw location.
Reminds me of the hotel in Silent Hill 2.
Check for secret rooms in the basement
