How much would you pay to live in Parkhill?

[Vague_Boy 10]

So you want to buy a nice flat in town for you/and your family. You might need 1, 2, 3 or so bedrooms.

 

There's a 1000 to choose from, at Parkhill.

 

How much would you be prepared to pay and for what.

 

If they paid me a million, I "might" consider it for a few weeks.

[*_ash_* 88]

I would not want to pay £100,000 for a flat there for a toerag to be housed next door for free.

 

To be fair, you could pay 100,000 in a private block and live next to a toerag.

 

However, based on probabilities, 100,000 would be an illogical amount to pay for such a risk, hence I would agree with this post entirely. And I wouldn't buy somewhere on there for that price.

 

-

 

As for the OP question, I don't think paying even 25,000 to buy would be worth the risk of living next to some of the crap that society has [often unnecessarily] created, unless the property is sellable. Anyone who disagrees probably hasn't lived in a council property like what I lived in, where constant noise was inevitable.

 

I just can't see them selling. It's a much safer option to buy a terrace in a semi-decent area for the same price, as of which they are likely to be (i.e I can't see them pricing less than around the 100k mark).

[ultracynic 10]

I would not want to pay £100,000 for a flat there for a toerag to be housed next door for free.

 

I wonder if any owner/occupiers actually agree with the social engineering policy that is mixed tenure housing.

[Paul2412 10]

I currently live in a flat in town, and the only way I'd move there is if they offered me a large reward.

 

1) The position isn't that good. You have good views on one side and that's it

2) Currently to socialise / shop its about a one minute walk. Park Hill is on the fringe of the city centre so doesn't offer me this

3) It's still in a notorious crime hotspot. I know someone who lives close by and they constantly see drug dealers and dodgy characters

4) It still looks awful, even the cladding

5) The half decent plans for it have all but been scrapped, replaced with cheaper alternatives

6) I wouldn't particularly like to pay £130K+ only to be housed next door to someone who are "problem tenants" of the council

[Lady Star 10]

The structure is incredible, very impressive and when you think of similar buildings outside the UK, they still look great as they weren't left to the devices of local councils who would just throw anyone in them and await their destruction... Similar flats on the seafront at Zandvoort in The Netherlands still look amazing, and are worth a fortune... Once Parkhill has been redeveloped, I'd pay up to £200K to live up there - no more, as the area is run down in general, although I am guessing that the development will be made quite secure...

[Lady Star 10]

I currently live in a flat in town, and the only way I'd move there is if they offered me a large reward.

 

1) The position isn't that good. You have good views on one side and that's it

2) Currently to socialise / shop its about a one minute walk. Park Hill is on the fringe of the city centre so doesn't offer me this

3) It's still in a notorious crime hotspot. I know someone who lives close by and they constantly see drug dealers and dodgy characters

4) It still looks awful, even the cladding

5) The half decent plans for it have all but been scrapped, replaced with cheaper alternatives

6) I wouldn't particularly like to pay £130K+ only to be housed next door to someone who are "problem tenants" of the council

 

The council used these flats for these people in the past, but I very much doubt they'd be allowed to now... People will be paying good money for these flats now, and the pound is mightier than the pleas of the council... Someone else will be getting all the dross that the council doesn't know what to do with now...

[Paul2412 10]

The council used these flats for these people in the past, but I very much doubt they'd be allowed to now... People will be paying good money for these flats now, and the pound is mightier than the pleas of the council... Someone else will be getting all the dross that the council doesn't know what to do with now...

 

That's what I initially thought, but they are providing a % (yet unknown) to social housing tenants. I've only heard this on another forum, but if its true it will put many people off buying.

 

Also, for me the attraction of living in town was to be close to everything. If I wanted to go to the local supermarket up there, where would it be? Town? I don't fancy walking up the hill with my shopping most nights.

 

I don't think its in the right location. The attraction of city centre living is to be in the city centre, not a tough inner city housing estate.

[Tony 10]

The development will completely renovate the 1961 flats to provide a mix of homes, including:

 

634 for sale on the open market,

200 for rent through Manchester Methodist Housing Association, and

40 available under a shared ownership scheme.

 

You will note that the numbers don't add up and that the plan is so old that the Housing Association has had a different name since 2006.

 

If all of the open market (private) flats are sold it leaves 1,327 for social housing or two thirds of the total. Statistically there will be a social housing tenant on each side, above and below each private flat.

 

Is there a market for 634 private flats at Park Hill?

 

 

 

 

http://www.englishpartnerships.co.uk/parkhill.htm

 

http://www.greatplaces.org.uk/DevelopmentAndRegeneration/Pages/portfoliodetail.aspx?Dev=parkhill

[Paul2412 10]

You will note that the numbers don't add up and that the plan is so old that the Housing Association has had a different name since 2006.

 

If all of the open market (private) flats are sold it leaves 1,327 for social housing or two thirds of the total. Statistically there will be a social housing tenant on each side, above and below each private flat.

 

Is there a market for 634 private flats at Park Hill?

 

 

 

 

http://www.englishpartnerships.co.uk/parkhill.htm

 

http://www.greatplaces.org.uk/DevelopmentAndRegeneration/Pages/portfoliodetail.aspx?Dev=parkhill

 

Personally, I doubt it. In order to attract that number of tenants there needs to be places to work.

 

The market is saturated as it is, although peoples perception on here is that all city centre flats are empty which isn't true I don't think there is adequate demand for this.

[moke 10]

fwiw, if i were single / moving here from scratch as i was a couple of years ago, the flats are an attractive proposition to me as a shu worker, who uses the trains and trams as his primary transport - a substantial market of similar people exist - lots of research students / uni workers / commuters / visiting lecturers / wealthier students about that would like better places to live on this side of the city.

 

plus, unusually, i think the flats are of a genuine national architectural merit, far better than the bog standard concrete blocks they get lumped alongside, and speak of a time when we built optimistically, hoping for better things - not just cheap boxes for profit. but then i'm a bit odd.

 

for the view, the location, the access and if the price was right, i'd sooner be there than stepping over a vomit coated reveller outside a weatherspoons next to west one, or dodging the pro's down at kelham island.

[Paul2412 10]

fwiw, if i were single / moving here from scrathc as i was a couple of years ago, the flats are an attractive proposition to me as a shu worker, who uses the trains and trams as his primary transport.

 

plus, unusually, i think the flats are of a genuine national architectural merit, far better than the bog standard concrete blocks they get lumped alongside, and speak of a time when we built optimistically, hoping for better things - not just cheap boxes for profit. but then i'm a bit odd.

 

for the view, the location, the access and if the price was right, i'd sooner be there than stepping over a vomit coated student outside a weatherspoons next to west one, or dodging the pro's down at kelham island.

 

I must say I've never had issues with drunken students in the year I've been here, but then again if I had to choose between seeing drunken students or passing a dodgy looking character selling crack to a junkie I'd choose the student.

 

In reality, it probably won't be as bad as I think. People who live in the suburbs think that city living includes avoiding constant fights, blood, vomit and beggars which hasn't happened once to me so my perception of trying to dodge drug dealers and joyriders at Park Hill is probably inaccurate as well.

[moke 10]

I must say I've never had issues with drunken students in the year I've been here, but then again if I had to choose between seeing drunken students or passing a dodgy looking character selling crack to a junkie I'd choose the student.

 

In reality, it probably won't be as bad as I think. People who live in the suburbs think that city living includes avoiding constant fights, blood, vomit and beggars which hasn't happened once to me so my perception of trying to dodge drug dealers and joyriders at Park Hill is probably inaccurate as well.

 

indeed - i'm sure the reality of living at your end of town is better than my idea of it, as will the reality of the refurbished park hill.

 

personally, i wouldn't want to live so close to the 'big night out' part of town, and that can't be a unique thing. also, i dislike 'new' builds, and park hill will be something a bit different - not a flimsy new build, and not a rotting old tenement either.... it might turn out to be the best of both.

 

600 flats isn't as many as it sounds, in a city of hundreds of thousands of people. a large percentage will be bought to let out by landlords of various qualities, leaving a couple of hundred to be sold over a 18 month period or so on the domestic market.

 

if they werent confident of selling them, more would be made availble on buy/rent schemes, or key worker home ownership schemes, which are desperately needed for hard working, underpaid, under rewarded members of society.