[kirklancaster]

'Always buy the worst property on the best street' rather than the 'best property on the worst street' is a Property developers adage which should be adhered to,

No 'dreamy-eyed' couple can gentrify a terrible slum street in a terrible slum area no matter how beautifully they transform their home. Properties in parts of the North East and the North which are offered at prices from .50p each to £10,000, are that price for a reason - a very ominous reason.

Anyone tempted by these 'cut price' properties with a view on owner occupation will NOT remain in occupation long, and will LOSE money.

Anyone tempted by these 'cut price' properties with a view to 'Buy-To-Let' will discover that the only type of tenants which they can attract for their brand new refurbished show home, are the 'druggies and thuggies' who will NOT pay rent, and who WILL wreck your 'Investment' property far more quickly than it took you to renovate it, before 'doing a moonlight' owing you thousands, and leaving you with an unliveable property in an unliveable area.

The only way that all these boarded up empty properties can be renovated and the area 'gentrified' is if:

A wealthy Private Developer purchases and renovates entire rows of hundreds of houses, then renovates them to a good standard including gardens and communal/public greenspaces, or if the Local Council does the same.