True meaning of courage

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Mystery property with no access sold for £1

Previously published on my blog to be sold on auction for a guide price of £100, this mystery town centre property with river frontage and far-reaching views has been snapped for a cool £1 at auction.

Although it might seem like a bargain, the drawback is there is no way to get into the 12sq m first-floor space.

Property in Wisbech

However, the room, wedged between two properties and suspended over an alleyway in Wisbech, Cambridgeshire, appealed to one bidder whose hand shot up when the £1 price tag was announced.

The guide price of £100+ was dropped to £1 at the last minute.

The unusual property is in a terrace of old buildings, believed to have been built as granaries or shops in the 16th Century on Nene Quay.

It is bricked up from both sides and even the auctioneer had not been in to see it.

Fenland District Council, which has owned it since 1966, put it up for sale alongside other “surplus properties” with Norwich-based auctioneers William H Brown

There is no record of anyone ever having used the room and the contents and condition remain a mystery.

Property for sale in Wisbech

When it first went on their books, auctions partner Victoria Reek described it as “certainly one of the weirdest ones we’ve had at auction” and admitted it was “probably just full of cobwebs”.

She said the vendor instructed the auctioneer to remove the £100 guide price just before the auction opened.

“So we told bidders the first one to offer £1 could have it – one gentleman put up his hand and it was gone – all done and dusted,” she said.

It is not yet known who bought the inaccessible room.

Source: BBC News

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Finance Management: Knowledge is power

People are living in credibly hectic lifestyles and this lack of spare time means many put off reviewing their finances. Keeping on top of your money matters should be a priority and doesn’t necessarily have to be a labourious, time consuming task.

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The reality is that circumstances change – prices fluctuate, our personal situation change, such as jobs and family affairs. So being equipped with knowledge about the health of your finance is a necessity, so you can react should circumstances in your life change.

Top financial priority

  • Paying down debt – mortgage, credit, loans etc
  • Building savings – financial savings, energy savings, etc
  • Paying bills – rent, energy, utility, tax, etc
  • Essential living expenses – food, clothes, health care, etc
  • Lifestyle expenses – holiday, entertainment, hobby, etc
  • Investment – cash, securities (equities, bonds and derivatives), commodity, etc
  • Retirement – pension, personal plan, annuity, etc

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Thinking of buying a property?

Need help with residential and commercial property purchase/finance in the UK from start to finish, Please Contact me

Selling or renting your property in Greater Manchester? Get same day EPC for £45 only

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

 

Does Health & Safety at work apply to my domestic building project?

Under the Health and Safety at Work Act 1974, employers have statutory obligations to adhere to, based on Common Law principles. The effect of the Act has been to bring ALL people at work (and others) under the protection of the law. The Act covers all employment activities and applies to employers, self-employed persons, sub-contractors, visitors to places of employment, employees, directors and managers, members of the public, designers, suppliers, etc. It also provides the HSE with various enforcement powers.

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Whether you are overseeing the project yourself or employing a builder or contractor to carry out the work, understanding the importance of safety, health and welfare is very important. There are grey areas of health & safety regarding projects that are undertaken by homeowners themselves. Whereas the Health & Safety at Work Act 1974 encompasses all work carried out by professionals during their daily activities, homeowners who are undertaking the work themselves are not covered by it. However, there is a moral duty of care by the homeowner to any person who has contact with the building project. This means any person who has contact with the project has a right under health & safety law to be protected from danger.

If you are going to employ the service of a professional to carry out any elements of the work for example electrician or gas engineer, they should have public liability insurance and qualified to work to good building practices. All appropriate measures should be taken to remove or reduce the risks of accident or incidents, by introducing methods of controlling the risk.  It is important to satisfy yourself (as far as is reasonable) that the professionals you employ are qualified and competent to carry out the work in a safe manner.

If you are responsible for a building project site and a person is injured due to negligence on your part, legal action could be taken against you. If you are in any doubt as to where you stand with regard to health & safety, or if you require any advice or information, visit the HSE website: http://www.hse.gov.uk

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Thinking of buying a property?

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

How to know a good building contractor

One of the most important decisions you are likely to make when undertaking a building project of any size is that of employing the services of a building contractor or property professionals such as electricians, plumbers, gas engineers, etc.

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

Below are some tell-tale signs of good building practice and responsible behaviour:

  • vehicles associated with the site are parked sensibly
  • the site on first appearance is clean, tidy and organised
  • roads and pavements are not damaged or muddy
  • where appropriate, suitable fencing is available
  • the site facilities are appropriate for the project
  • workers’ appearance is in keeping with a professional outfitSee the source image
  • equipment is clean and in good order
  • no trailing leads are evident, except in close proximity to the work
  • standard of work appears to be good
  • workers are polite
  • noise levels are acceptable (no loud radios)
  • security and health & safety signs are evident, ie visitors to report to site office, there are warning signs for pedestrians that construction work is in progress, standard health & safety signs.
  • workers are wearing Personal Protection Equipment
  • the company vehicles are well presented
  • a company sign is on display
  • where appropriate, material is neatly stacked and protected

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Thinking of buying a property?

Need help with residential and commercial property purchase/finance in the UK from start to finish, Please Contact me

Selling or renting your property in Greater Manchester? Get same day EPC for £45 only

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk