£80,000 home now worth £1
- added July 8, 2008
- 0 responses
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- phillyharper
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A Mother of three bought the Norfolk home in 1987 for £20,000, the house grew in value to around £80,000 based on the prices of houses of a similar size. At the time of purchase the house was 400 meters from the sea and now 20 years later, the house is just 60m from the sea thanks to 'chronic costal erosion'.
"We were angry and frustrated when we were told it was worth £1" said Ms Archer. "It is so unfair, because when we came here the policy was to maintain the defences".
If anyone has 50pence, do you want to go halves? We can live it up for a few years before the big crumble...
"We were angry and frustrated when we were told it was worth £1" said Ms Archer. "It is so unfair, because when we came here the policy was to maintain the defences".
If anyone has 50pence, do you want to go halves? We can live it up for a few years before the big crumble...
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- phillyharper
- 3 months ago
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