Saturday, 8 November 2008

High Street Crewe

These properties went to auction last week and failed to sell which is a sign of the times, as they are run down properties in an area that should have been regenerated by now.

Several years ago, I set upon a a quest to help with a regeneration, and so far , although it does look like it , I have been successful. Details will emerge over the next few months. I bought in this side of the road for a large property company , but they failed to see the vision that i could see, so they chucked the towel in. The street had gradually gone down hill.

The good news is that a new development will start on site in the next few years and will totally transform the street, and therefore the properties that didn't sell are actually a good buy for somebody and I have not given up on a comprehensive regeneration.

Most of the properties can be bought and a comprehensive scheme will happen, I will put money on it and the Council want a regeneration of this part of crewe.

The property market has started to lag and it is only the tip of the "ice berg" things will get a lot worse. Most property professionals are in the market for the long term, not just a quick win, so 5-10 years of reduced prices has been seen before and it will happen again.

I was amazed a few years ago when folk used to say to me that property would never fall, I knew it would. They took no notice and continued to buy property for the sake of it.

High street , will become a secondary shopping street just off centre to the main town, and hopefully i can see several restaurants down there , some local and some nationals.




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