Property developers buy up a row of five or six family detached houses, each at £400,000 to £750,000 and then knock them down, clear all their gardens, then build blocks of flats three storeys tall and much, much deeper than the houses ever were – turning what was garden into carpark.
Six houses turn into 30+ flats, which sell for £200,000 to £300,000 each. There’s then a property management company to charge a service charge to all the flat owners for the communal grounds. Kerching!
There’s no funny dog bag pun or punchline, just a boring block of flats with a fence, a short wall, and nothing interesting to sniff – so there’s hardly any point even walking past anyway.