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Maybe it's because I'm American, but my first thought was ... there's a separate building and it's just the stairs? So if they sold it, how would the people in
by mark212 3y ago
Maybe it's because I'm American, but my first thought was ... there's a separate building and it's just the stairs? So if they sold it, how would the people in the building next door get up and down?
How does a structure that's just stairs have a separate title that can be sold? The entire premise of this is so incomprehensible to me.
Brits -- is this a common thing?
- camkego 3y agoAgreed, it seems like the article is missing some background that most people won't have.
- zarzavat 3y ago> How does a structure that's just stairs have a separate title that can be sold? You can sell any subdivision of land. Happens all the time, e.g. a house on a large plot of land is demolished and the land divided into land for multiple new houses. Or two neighbours might exchange some land if the border is not convenient. Is this not a thing in the US?
- Dalewyn 3y agoIt certainly is. What parent is asking is whether selling just the stairs in a building, or happenstances to that effect, are common in Britain.
- zarzavat 3y agoIt’s not common, that’s why there’s a news article about it. But they aren’t buying the stairs. The stairs are worthless. They’re buying the land underneath. As far as I understand the stairs are disconnected from the adjacent property and unused. edit: here’s the first article when it was still up for sale: https://www.theguardian.com/society/2023/jul/30/step-to-riches-disused-stairwell-in-london-could-be-yours-for-just-20000 https://www.theguardian.com/society/2023/jul/30/step-to-rich...
- CPLX 3y agoThey aren’t buying the land either, it’s a leasehold.
- ksenzee 3y agoIn the US, at least in most places, you can’t subdivide your land at will. When you buy a piece of land, it’s worth more if it’s zoned such that it can legally be subdivided.
- lexandstuff 3y agoIt's a "disused stairwell," so presumably, the building it serviced has a different stairwell now. More about it here: https://www.theguardian.com/society/2023/jul/30/step-to-riches-disused-stairwell-in-london-could-be-yours-for-just-20000 https://www.theguardian.com/society/2023/jul/30/step-to-rich...
- account-5 3y ago> Brits -- is this a common thing? No this is a London thing because London property prices are ridiculous. For the price of a London bedsite you'd be able to buy a detached house in most other places in the UK.