Newspaper article The Evening Standard (London, England)

ALL IT NEEDS IS LOVE -- AND MONEY; If Glorious Wrecks Are Your Challenge, the Time Is Right. While the Small Developers Are out of the Way, Home-Buyers Can Get Back into the Market, Says Anthea Masey

Newspaper article The Evening Standard (London, England)

ALL IT NEEDS IS LOVE -- AND MONEY; If Glorious Wrecks Are Your Challenge, the Time Is Right. While the Small Developers Are out of the Way, Home-Buyers Can Get Back into the Market, Says Anthea Masey

Article excerpt

Byline: Anthea Masey

W HEN money was cheap, it seemed that everyone wanted -- and could afford -- a wreck to do up and sell on. Now the get-it-quick investors and small developers can't get the loans, it is the turn of the patient savers, mortgage-free movers and cash-rich buyers, some of whom have sold their London homes for a good profit, to benefit from wrecks -- now being sold at bargain prices in London's commuter belt.

For anything more than 100 years old the best place to look is in the commuter belt. Here you can find tired old grand country mansions; farmhouses with derelict barns; Georgian houses in the centre of market towns and old agricultural workers' cottages.

FIRST FIND YOUR WRECK For those who are determined to take on difficult renovation projects a good place to start looking is the list of endangered buildings compiled each year by the campaigning conservation group SAVE Britain's Heritage (www.savebritainsheritage.org). Such is the interest in these endangered buildings that this year's volume All We Need Is Love sold out weeks after it was published in June. Their wrecks list is updated and online, you can search by becoming a member of the organisation for [pounds sterling]25 a year. Another good search site is English Heritage's list of endangered properties which can be consulted on its website www.englishheritage.org.

A 'PRESERVATION PARTNER'

A preservation trust is one of the pioneering organisations, run by keen volunteers who raise money to repair historic buildings.

Preservation trusts often take on specialist structural repairs and then sell on to an occupier, who is happy to complete the project putting in maybe the kitchen and bathroom fittings and doing the final decoration.

Search the site of the UK Association of Preservation Trusts (www.ukapt.org.uk).

One of the most active preservation trusts, the Spitalfields Historic Buildings Trust, which made its name rescuing historic houses in the Spitalfields area of east London, is renovating Shurland Hall, a red-brick early Tudor building on the Isle of Sheppey. It will be on the market later this year. …

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