Owners reap a windfall as inner city is regeneratedHouses that were sold seven years ago for 50 pence each in a desperate attempt to regenerate an area plagued by high unemployment, crime and antisocial behaviour are now being sold for up to £145,000 each.The homes in North Benwell, a rundown area of Newcastle upon Tyne, have increased in value by about 29 million per cent compared with the national average of 162 per cent over the same time. When the houses were sold eight years ago by the city council there were more than 250 applicants for each one. Continue reading…
Source : theguardian.com
Read more…Our home cost just 50p, now it’s going for £145,000
