Tempted to buy a toilet for £15k
@destry (2572)
Kirkwall, Scotland
November 16, 2015 4:47am CST
The past week or so I have been trying to find a new project to undertake, I am looking at buying a couple of properties to restore and then either rent out or sell for profit.
I like the idea of converting an old chapel into a grand country home. . however, they are pretty pricey.
I have come across an old ladies toilet that I am quite seriously thinking about purchasing. Obviously I would need planning permission to turn it into a house, but for the price, only £15k and it being in such a central location, I am really tempted to take a punt on it.
Do you ever buy some thing that is totally barmy just because you think it is quirky?
Property for sale in Penygraig £15,000. Marketed by Property Plus Estate Agents, Tonypandy
10 people like this
10 responses
@topffer (42156)
• France
16 Nov 15
Lol, at least you have already water everywhere
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Seriously, you need 15/25000 Euros more to turn this into a small house (I am renovating an old house actually, but there is less work to do than in this building where you have to open new windows and doors and to demolish anything inside). I don't know the prices of rents in this place, but for a small apartment like this, it would not be economically profitable before at least 25 years here. It should be interesting, if it was less expensive, for somebody wanting to demolish this building to build a house, but trying to convert and renovate this thing in bricks seems a nonsense for me. Just my opinion.
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Seriously, you need 15/25000 Euros more to turn this into a small house (I am renovating an old house actually, but there is less work to do than in this building where you have to open new windows and doors and to demolish anything inside). I don't know the prices of rents in this place, but for a small apartment like this, it would not be economically profitable before at least 25 years here. It should be interesting, if it was less expensive, for somebody wanting to demolish this building to build a house, but trying to convert and renovate this thing in bricks seems a nonsense for me. Just my opinion.3 people like this
@topffer (42156)
• France
16 Nov 15
@destry If there are some requests for commercial shops in this place, it can be a good idea, but I would not build a flat above. They are generally empty/not used in main streets, and the stairs to the upper floors have often been removed to have more space for the shops.
2 people like this
@destry (2572)
• Kirkwall, Scotland
16 Nov 15
I am actually seeing the land being the value here as it is slap bang in a main highstreet, so potentially a commercial shop with a flat above. . . Average rent in the street for a 1 bed flat is about £400 pcm and £500 for a house.
I am tempted!
3 people like this
@briggsy326 (120)
• Glasgow, Scotland
16 Nov 15
I reckon you should go for it, could be quite a money maker for you. :)
1 person likes this
@AbbyGreenhill (45496)
• United States
16 Nov 15
I don't know for sure what barmy means?
1 person likes this
@AbbyGreenhill (45496)
• United States
16 Nov 15
@destry OK, I learned a new word to describe myself!
1 person likes this
. And I think you may need to spend more than a penny on it. But then, maybe you're flush with money.
@Missmwngi (12927)
• Nairobi, Kenya
16 Nov 15
Well i guess that s a cool business
1 person likes this
