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Originally Posted by park381
Come on graham, read the papers its full of semis and the like, the stumbling block is the "price tag" on this type of property.Think about the first time buyer. A row of refurbished terraced properties priced at say £75,000 would sell like hot cakes, assuming a refurb cost of £20,000 on each property.Enough for the developer to make a reasonable profit on his investment
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The high price tag of semis perversly allows developers to demolish and rebuild [I am not saying that is right but more where we are at]. Developers want large brownfield sites.
I think you are right in the main. However there are 2000 empty homes in the Borough and another 3000 at the top of the terraced house market where households want a semi or bungalow out of 21,000 terraced properties. That leaves 5000 unwanted terraced and 16,000 wanted terraces. So I think its more of an issue of the margins and not the bulk. There is a case that made more desireable some of the 3000 who want to move to a semi or a bungalow may change there mind and that even some of those in a semi may change also to a new refurbed terrace. Two lots of private consultants have visted Hyndburn to access this equation and there view is that is not likely. The demand for a garden, drive, privacy, new build is quite strong among a section of terraced house owners and no amount of niceness about a terrace will dampen their desire. Hence there is a balance that has to be made.
As you say though, they should be cherished as part of our history and refurbed where at all possible.