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Cash for Abandoned Houses
A retired policeman and a mother earn significant rewards by reporting abandoned properties to a company that renovates them, highlighting the issue of empty properties in the UK.
English
United Kingdom
Labour MarketBusinessCommunityPropertyRewardsAbandoned Homes
YouspotpropertyEmpty Homes Network
Roy FaulkesBen RadstoneAyyesha
- Explain the reward system used by YouSpotProperty.
- YouSpotProperty rewards individuals who report abandoned properties with a £20 voucher and an additional 1% of the property's purchase price if the company buys it. The company aims to bring derelict homes back into use, addressing a significant problem of empty properties in the UK.
- How does Roy Faulkes earn money, and how much has he earned so far?
- Roy Faulkes, a retired policeman, earns money by identifying and reporting abandoned properties to YouSpotProperty, a company that purchases and renovates them. He initially received a £20 voucher and then 1% of the purchase price of a house he reported, totaling nearly £3000.
- What advice does Roy Faulkes offer for spotting abandoned properties?
- Roy Faulkes uses his police experience to identify abandoned properties, focusing on signs of long-term vacancy and disrepair. He advises others to be observant and to report properties that meet the criteria of YouSpotProperty.
- What are the motivations behind Ben Radstone's creation of YouSpotProperty?
- Ben Radstone, the founder of YouSpotProperty, explains that his company is motivated by both profit and a desire to alleviate the problems associated with abandoned properties. He expresses empathy for property owners who may have compelling reasons for leaving their homes to decay.
- Describe Ayyesha's experience with YouSpotProperty and the outcome of her report.
- Ayyesha, a resident of Smethwick, reported her neighbor's abandoned house to YouSpotProperty after her complaints to local authorities went unaddressed. She received £700 for her report and was pleased with how quickly and easily the company handled the process.