Wednesday, December 28, 2022

Peckham Springs Hits The Big Apple – Turn £373,000 into £75 million

Fifteen-bedroom house outside New York with supposed potential to make £75 million for sale for just £373,000; could this be America’s answer to Del Boy’s ‘Peckham Springs’?

In October 2014, The Steeple Times featured the £8 million ($10.7 million, €9.5 million or درهم39.4 million) sale of a 26-acre Cotswolds estate complete with its own “high in calcium, low in sodium,” natural spring water producing facility.

 

Now, for a hell of a lot less in terms of initial outlay, an aspiring Del Boy could produce an estimated return of £75 million ($100 million, €88 million or درهم367 million) in ‘Peckham Springs-esque’ style if they bought a 13.74-acre property in Richfield Springs, New York that comes complete with the potential to make what an estate agent claims to be upto £75 million ($100 million, €88 million or درهم367 million) from a “mineral water aquifer with millions of gallons of water.”

 

In ‘Mother Nature’s Son’ – first broadcast on the BBC on the 25th December 1992 – the Trotters attempt to sell tap water as spring water. They con a local organic health shop owner into authenticating their ‘product’ and get a trial at a major supermarket even. Sales are subsequently boosted by drought warnings from the local water board, but eventually their venture is ruined by the fact that they themselves had contaminated the local reservoir by dumping barrels containing an unknown yellow substance there.
Only Fools and Horses
The Trotters believed they’d get rich from their venture and for a time they didn’t do too badly… Whoever purchases ‘The Bella Vista’ could do well, but, equally, who knows, their ‘project’ might just end up being another white elephant.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 1
An image of the house circa 1905 when it was the residence of someone named R. F. Wescott.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 2
One part of the “mineral baths” in the basement of the property – complete with a rather oddly located radiator and some dodgy looking pipes and cables.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 3
Further imagery showing the “mineral baths” in their current state. They clearly are in need of some renovation.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 4
The property is in the village of Richfield Springs in Ortsego County, new York. According to Wikipedia: “The area of Richfield Springs was called Ga-no-wan-ges by the Oneida Indians which translated to ‘stinking water’ … [and its] name is derived from local sulfur springs.”

Offered for just £373,000 ($500,000, €441,000 or درهم1.8 million) or £33 per square foot ($44 per square foot, €39 per square foot or درهم162 per square foot), 15-bedroom, 20-bathroom 241 E. Main Street is described as a “single family residence” built in 1900.

 

Named ‘The Bella Vista’ and lauded as an “iconic Queen Anne style mansion,” the 4-storey building has been used previously as a nursing home and features two “huge mineral spa pools in the basement” as well as a commercial kitchen.

 

Marketed by Delbert Ball of Keller Williams Mowhawk Valley, the property is described as “in need of some deferred maintenance [and] sold as is,” but having “enormous opportunity potential.”

 

Water minded entrepreneurs with pound signs flashing in their skulls at the prospect of money flowing like water, however, should be reminded of the December 1992 episode of the BBC’s Only Fools and Horses titled ‘Mother Nature’s Son.’

 

In it, Derek Trotter (AKA ‘Del Boy’) and his brother Rodney bottle tap water and sells it as ‘Peckham Spring Water.’ Whilst their scam is successful at first, their product becomes contaminated by barrels of an unknown yellow substance they’d dumped in a local reservoir and that becomes the end of that.

 

 

241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 5
The entrance hallway of the house.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 6
A grand staircase connects the floors of the building.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 7
In terms of entertaining spaces, the ‘mansion’ includes “two grand parlours with pocket doors, all-natural wood flooring and spacious windows” as well as its two Sulphur spas with “large lounge areas.”
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 8
The building is perpetuated by wooden paneling throughout.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 9
A commercial kitchen from when the property was used as a nursing home remains in-situ. Its condition is unknown, but it likely needs to be and will be ripped out by any purchaser.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 10
One of 15 bedrooms in a vast building that has the potential to be turned back into a very large family home or a small hotel even.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 11
Another bedroom complete with an original fireplace.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 12
An aerial views showing the plot and the circular driveway that wraps around ‘The Bella Vista.’
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 13
The building is clearly in need of considerable renovation and the hideous extension to the rear would be best be demolished.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 14
The Bella Vista, 241 E. Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 is situated in a village at the northern end of Canadargo Lake and at the border of Herkimer County.
241 E Main Street, Richfield Springs, Richfield, Otsego County, New York, NY 13439 Image 15
The plot and views from the property are idyllic.
Matthew Steeples
Matthew Steeples
A graduate of the London School of Economics, Matthew Steeples is a writer and marketing consultant. He conceived The Steeple Times as a media arena to fill the void between the Mail Online, The Huffington Post and such organs as the New York Social Diary in 2012.

3 COMMENTS

  1. What is missing in me? I live two blocks from the Mississippi and six blocks from where Fats Domino lived , recorded and died. His Jazz Funeral and Second Line drew thousands. I have so much more interest and appreciation for my Mom & Pop neighbors than I can possibly summon for luxury junkies. My neighbors own their own little loved cottages. They smile from their porches with peace and sanity despite being forced to accommodate the stupid people at the capitalistic top.When will people admit they are money addicts and offensively invasive.

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