Re: The New Waterside Apartments
 

There are mine shafts all over accy, IIRC Avenue parade area is full of them and those houses haven't sunk yet!

Its a fair old price for an apartment though, perhaps they think that Accy is teh new London.

Or

It could be there is a premiuim as you can throw stuff at the councillors from teh comfort of your own home :D

Re: The New Waterside Apartments
 

[quote=misskitty;601640]I was talking to Jack's nan who has been up here in Accrington most of her life (although she is from Kent, as i am) and she said when she first came up here the spot that these 'apartments' are built was a mine.......no-one else has mentioned this.Is she mistaken or is it just forgotten/not being talked about?
Obviously the foundations would have been checked etc but still.......i wouldn't move in even if they gave me one for nowt, knowing this.[/quot
They are built on the site of the old Scaithcliffe pit.Don't think I would want to live there either.Went down it 50 yrs ago.:confused:

Re: The New Waterside Apartments
 

Re: The New Waterside Apartments
 

Snob! :D

Re: The New Waterside Apartments
 

And we have to remember that the Scaitcliffe pit entrance was right next to where the council offices are now:eek:

Re: The New Waterside Apartments
 

What a shame ;)

Re: The New Waterside Apartments
 

Are you saying the entrance to the council offices should be at the bottom of the pit:hehetable

Re: The New Waterside Apartments
 

When I started working at Accy Timber it was where Scaitcliffe House is now, I believe the deal that the owner made was they got that site and he got where the old bus depot used to be on Hyndburn Road.

Re: The New Waterside Apartments
 

I represent the Council on the private company that built these which is 66% owned (and run) by private entrepreneurs. There were extensive mining activities in the area from Scaitliffe Colliery and there was a deep shaft on site. The site was also contaminated so a lot of money and expertise went into survey's of the site.

The flats have proved very popular and a significant number of buyers want to buy them. The problem is the housing market itself which is on a big swing down, and these apartments particular where there is little like for like means the valuers have difficulty valuing for their lenders in a market where in general they are reluctant to lend 95% mortgages and on top, all property is being down valued 10-20%. It is an unusual situation as buyers want to pay the asking price (unusual at this moment), however lenders are walking away from the housing market unless their loan is totally secure against a down fall in the market.

As for the apartments. They are fabulous. The nearest comparison would be Lock Mill at Blackburn. Scaitcliffe is 10% cheaper, the same sized per unit on average, a better location (in town) with much better views (awesome views over the coppice) and a much better fit out/quality.

Prices starting £79,950. That one is on the 4th floor overlooking the coppice with 4 wall to floor windows to look out of. Very nice.

I think anyone who takes the opportunity to look around them (well worth it) on the Friday or Saturday openings would see how much quality has gone into them and would appreciate just how attractive they are. I am not sure if any small home is worth £100k but that's the going rate.

The new build is commercial premises, office's etc..

Re: The New Waterside Apartments
 

For council use or open market ?

Re: The New Waterside Apartments
 

I see no problem.. if people don't like it they won't buy it! The price will be determined on that.

Open market dave. Though I'd have thought the Council would consider being all on one site if it was cheaper. As for the flats. There are Government equity schemes where you only buy a % and the Govt buys the rest through an established Mortgage lender. One they are looking at is 60:40. You buy 60%. Worth considering in the current climate. Still doesn't get around thenlenders valuation problem though.

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Re: The New Waterside Apartments
 

That and if they have the cash considering the present crunch.

Re: The New Waterside Apartments
 

very rare, but i agree.:D;)

Re: The New Waterside Apartments
 

:eek::eek::eek::eek::eek::eek::eek::eek::eek::eek: :eek: you feeling ok cashy :eek::eek::eek::eek::eek::eek::eek::eek::eek::eek: