Neighbours happy to see this ugly eyesore property auction for sale in Stoke

An ‘eyesore’ property is set to be auctioned off in the hope it will be redeveloped.

The semi-detached corner house in Turnhurst Road, Packmoor, Stoke-on-Trent

UK is to up for auction later this month, with a guide price of £30,000.

The two-bedroom former home and shop has a garden to its rear and is desperate need of serious renovation. It sits on the corner of Scragg Street.

It’s close to two schools as well as Kidsgrove and Tunstall town centres.

Families in the area have expressed delight at the thought of something being done with the old green home.

Sonia Oxford has lived in the area for many years, the 77-year-old trustee of St Marks school in Tunstall said: “It’s been up before but nothing has happened.

“I think it would be difficult to have more than one house there because of the road and the access to it. But it used to be a little shop and she [the shopkeeper] lived on the premises.

“I’d like it to be a house again and it doesn’t matter who lives there as long as they are law abiding. It could be nice for a family with children as there’s a school up the road and a school down the road.

“But if it was a little shop again that you could pop into for some bread that would be alright too.”

Dog walker David Potts often passes the old green structure on his walks. The consultant engineer, aged 44, said: “We’ve lived here 16 years now and it’s always been empty. The roof did start to cave in and someone came and repaired it almost immediately.

“So it’s a really good thing [it’s being auctioned off]. Whether it becomes somebody living there I don’t know. But it was a shop. We’ve already got the One Stop so we’re not crying out for another shop.

“But to see it used and not just left to rot  is a good thing.”

The question is what would you do with this property?

Source: StokeonTrentLive

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What is a high-efficiency condensing boiler

For the best efficient space heating and hot water heating boiler for domestic property, a high-efficiency condensing boiler is the most recommended. A high-efficiency condensing boiler works on a principle of recovering as much of the heat normally wasted from the flue of a conventional (non-condensing) boiler as possible.

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A modern high-efficiency condensing boiler has a much larger heat exchanger. The heat exchanger is designed to extract over 90% of the wasted heat from the fuel it burns which would normally be lost to the atmosphere through the flue, and recycles it back into the heating system. By fitting a condensing boiler and improving your heating See the source imagecontrols, you could cut your carbon footprint by nearly two tonnes and save as much as £275 a year on utilities bills.

A combination boiler can be more efficient as it also supplies hot water to your home, this option is most suitable for smaller homes. Ask your installer about what’s best for your home.

High-efficiency condensing boilers are the most energy efficient and can save you up to a quarter on your heating bills once you replace your old boiler and heating controls.

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HMRC: UK residential property transactions rise by over 6%

The number of residential property transactions rose by 6.2% from November to December, HMRC’s Property Transactions Statistics have shown.

There were 104,670 residential property transactions last month which is up 6.8% year-on-year.

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Similarly, the number of non-residential transactions increased by 13.4% from November and 0.8% from December 2018.

Gareth Lewis, commercial director or property lender MT Finance, said: “The back-end of the year saw an increase in activity and purchases after the general election as a lot of transactional flow held off until after the result was known.

“Estate agents and lenders were extremely busy as people were keen to get on with things.

“There is a positivity around transactions and market sentiment that we haven’t seen for a while – maybe we are seeing the green shoots of spring appear a little earlier than usual.”

Source: Mortgage Introducer

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How to identify a cowboy builder

One of the most important decision you are likely to make when undertaking a building project of any size is that of employing the services of a builder or contractor. These decisions can be narrow down by making the right enquiries and only inviting appropriate  builders or contractors to quote in the first place.

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Before making the all-important decision of awarding the contract to a specific builder, it would not be unreasonable to ask to see work on which they are currently engaged. Seeing at first hand how they treat the client’s property and how they work will give you an idea of what to expect if you do decide to employ them. See the source image

Some tell-tale signs of bad building practice and irresponsible behaviours would be:

  • Untidy site
  • materials poorly stacked and unprotected
  • lack of signs generally
  • loud radios
  • poor site facilities
  • workers not wearing Personal Protective Equipment
  • poor standards of work
  • signs of burning material on-site
  • inadequate security, e.g. no fencing (if appropriate).

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BT pension scheme MEPC property developer sold to Hermes

Hermes Investment Management has acquired MEPC, the UK property developer owned by the BT Pension Scheme (BTPS).

Hermes, which was formerly owned by BTPS, and GE Real Estate took MEPC private in 2000 as each acquired 50% of the company. Three years later, Hermes bought GE’s stake.

 

In April 2018, Federated Investors acquired a majority interest in Hermes from BTPS.

Hermes said today it is acquiring MEPC in a deal that “enhances Hermes Real Estate’s proposition by adding specialist asset and development management expertise to its existing capabilities”.

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Chris Taylor, CEO of Hermes Real Estate, said: “There are many synergies between the two brands and an already long-lasting and successful relationship, which can now be built upon further.”

James Dipple, CEO of MEPC, said: “This is an exciting transaction for MEPC, allowing us to combine our long track record of success with a leading real estate investment manager.

“Our strategic ambitions for the future are fully aligned with those of Hermes and, therefore, a strong basis for the growth of MEPC.”

A spokesperson for Hermes and MEPC said: “Having Hermes as MEPC’s parent company provides a long-term basis for its future growth with little disruption to day-to-day business. Certain investments processes are already integrated with those of Hermes.

“This acquisition greatly enhances our real estate proposition by adding specialist asset and development management expertise.

“In particular, it supports our core strategy of creating urban regeneration schemes, which not only deliver attractive financial returns but will have a positive impact on the environment and communities in which they are located – a key market differentiator for the business ahead.”

Source: IPE Real Asset

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Building Regulation standards: The 14 Parts you need to know

Building regulations in the United Kingdom are statutory instruments or statutory regulations that seek to ensure that the policies set out in the relevant legislation are carried out. Building regulations approval is required for most building work in the UK. Building regulations that apply across England and Wales are set out in the Building Act 1984 while those that apply across Scotland are set out in the Building Act 2003.

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Anyone wishing to undertake building work which is subject to the building regulations is required by law to make sure it complies with the regulations and to use one of the two types of building control services available, which are not free. The two types of services are:

  • The Building Control Service provided by your local authority.
  • The Building Control Service provided by approved inspectors.

It is important to understand the areas that require compliance.

The 14 ‘parts’ of schedule 1 to the building regulations are:

  1. A – Structure
  2. B – Fire safety
  3. C – Site preparation and resistance to contaminants and moisture
  4. D – Toxic substances
  5. E – Resistance to the passage of sound
  6. F – Ventilation
  7. G – Hygiene
  8. H – Drainage and waste disposal
  9. J – Combustion appliances and fuel storage systems
  10. K – Protection from falling,collision and impact
  11. L – Conservation of fuel and power
  12. M – Access to and use of buildings
  13. N – Glazing – safety in relation to impact, opening and cleaning
  14. P – Electrical safety

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TPO looking for a new Property Ombudsman

The current Ombudsman, Katrine Sporle, is giving up the role in November after five years in the post.

The closing date for applicants is February 18

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Established in 1990, the Property Ombudsman (TPO) is a government approved scheme providing fair, free and independent redress in relation to disputes between consumers and property agents. Responding last year to nearly 30,000 enquiries, and instructing agents to pay over £2 million of awards, TPO is the primary source of industry standards and consumer redress in an industry with widespread consumer impact. 

TPO is proud of its reputation, its strong connections with policy makers and its focus on quality, rigour and reach. However, operating in a competitive landscape, and in a sector which touches the lives of millions of people, means that TPO is not an organisation that can ever afford to stand still.  The head of the current Ombudsman, Katrine Sporle, stepping down in 2020 after 5 years outstanding service, TPO are looking for an outstanding leader to fulfil this key leadership role, and continue to take the organisation forward.   

TPO’s new Ombudsman will play a critical role in raising the profile of the organisation and its work, improving its performance, impact and influence, and ensuring that it has the culture, partnerships and resources in place to be sustainable over the long term. They will nurture, develop and inspire TPO’s staff team, based predominantly at the Head Office in Salisbury, and represent TPO externally, including to sector leaders, policy makers, the media and a range of other cross-sector audiences.  

TPO would welcome applications for this role from people with strategic and operational leadership credentials, and a strong track record in external engagement roles and influencing policy. We need an Ombudsman with a confident and sensitive leadership style, who can motivate and energise our people and stakeholders. An understanding of redress and ombudsman services and/or of the property sector is highly desirable.  

Saxton Bampfylde Ltd is acting as an employment agency advisor to the Property Ombudsman on this appointment.  For further information about the role, including details about how to apply, please visit www.saxbam.com/appointments using reference QAQDB.  Alternatively telephone +44 (0)20 7227 0880(during office hours).  Applications should be received by noon on Tuesday 18 February 2020.

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