House prices in Kent!

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Discussion

croyde

Original Poster:

22,986 posts

231 months

Saturday 27th April
quotequote all
Was looking at a new build 3 bed near Staplehurst for a friend.

Guide price £400,000.

It was originally purchased when brand new in 2020 for £350,000.

Does that seem like a usual uptick in price in what I thought was a depressed market?

Seems like a good quick profit to me and all the best to them if they get it.

Just wondered if anyone on here had a good idea about the market in the area? Ta

MYOB

4,807 posts

139 months

Saturday 27th April
quotequote all
Staplehurst is surrounded by Cranbrook, Gouldhurst, Biddenden, Marden and Headcorn. All are aspirational places to live in and prices reflect that. There’s nothing special about Staplehurst itself but is situated in a lovely rural area and you do pay a little extra for the privilege.


Chrisgr31

13,491 posts

256 months

Saturday 27th April
quotequote all
Sounds like quite a big increase and I guess theres a big of room for negotiation but have a look at sold prices on Zoopla

konark

1,116 posts

120 months

Saturday 27th April
quotequote all
MYOB said:
Staplehurst is surrounded by Cranbrook, Gouldhurst, Biddenden, Marden and Headcorn. All are aspirational places to live in and prices reflect that. There’s nothing special about Staplehurst itself but is situated in a lovely rural area and you do pay a little extra for the privilege.
I'm sure the builders knew that four years ago when they sold it.

Ken_Code

539 posts

3 months

Saturday 27th April
quotequote all
You can’t know what the original deal included or was based on.

It could have been the last deal a salesman needed to hit a target, or a sale to the developer’s daughter.

What matters is how it compares to the price of similar properties now.

cayman-black

12,663 posts

217 months

Saturday 27th April
quotequote all
Sounds right to me prices are up from 2020 .

ARHarh

3,782 posts

108 months

Sunday 28th April
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But unless it has sold for £400k it hasn't made a profit yet.If it get chipped down 5%, then it only makes £30k. After taxes that's probably about inflation.

croyde

Original Poster:

22,986 posts

231 months

Sunday 28th April
quotequote all
She's made a few offers starting from £370,000, all refused.

Now offered £400k but no word back. Guess they are confident of getting more.

Simpo Two

85,599 posts

266 months

Sunday 28th April
quotequote all
That's twice in two days I've seen the word 'uptick' on PH irked

Ham_and_Jam

2,245 posts

98 months

Sunday 28th April
quotequote all
Simpo Two said:
That's twice in two days I've seen the word 'uptick' on PH irked
I’m sure the OP can reach out to the vendor…

MYOB

4,807 posts

139 months

Sunday 28th April
quotequote all
croyde said:
She's made a few offers starting from £370,000, all refused.

Now offered £400k but no word back. Guess they are confident of getting more.
It will have no trouble selling and I wouldn’t be surprised if someone offered over the asking price.

croyde

Original Poster:

22,986 posts

231 months

Sunday 28th April
quotequote all
MYOB said:
croyde said:
She's made a few offers starting from £370,000, all refused.

Now offered £400k but no word back. Guess they are confident of getting more.
It will have no trouble selling and I wouldn’t be surprised if someone offered over the asking price.
After having a good look around online that is my thinking too but.....

They want to move out to rented accommodation as they want the process of selling, over asap and my friend is a cash buyer.

Ken_Code

539 posts

3 months

Sunday 28th April
quotequote all
croyde said:
After having a good look around online that is my thinking too but.....

They want to move out to rented accommodation as they want the process of selling, over asap and my friend is a cash buyer.
Actual cash, as in cleared funds sitting in his account, or what some people mean by the term nowadays which means using a mortgage but not having a house to sell?

Simpo Two

85,599 posts

266 months

Sunday 28th April
quotequote all
Ham_and_Jam said:
Simpo Two said:
That's twice in two days I've seen the word 'uptick' on PH irked
I’m sure the OP can reach out to the vendor…
And hit him with a downspike, hopefully!

croyde

Original Poster:

22,986 posts

231 months

Sunday 28th April
quotequote all
Ken_Code said:
Actual cash, as in cleared funds sitting in his account, or what some people mean by the term nowadays which means using a mortgage but not having a house to sell?
Yep! cash after sale of their home.

I didn't know that cash could mean anything else, but I'm old biggrin

Actually! what am I talking about.

Couple made an offer on the house I'm selling back in November. Claimed they were cash buyers and wanted to be in by January.

We said no problem, can move out anytime.

It's now end of April and hopefully exchanging next week, but I'll believe that once it actually happens.

Turns out that they didn't even have a mortgage in agreement. Their first provider turned them down after months due to them being self employed. Second provider have just agreed and they also need to sell a flat but problems with the leasehold.

So the solicitors, estate agents and buyers all lied to us.

And now breath.....

So cash doesn't mean cash, you were correct smile


Edited by croyde on Sunday 28th April 11:48

Boleros

183 posts

7 months

Sunday 28th April
quotequote all
Simpo Two said:
That's twice in two days I've seen the word 'uptick' on PH irked


Weird isn’t it? Whenever I see it I immediately think ‘increase.’

croyde

Original Poster:

22,986 posts

231 months

Sunday 28th April
quotequote all
Boleros said:
Simpo Two said:
That's twice in two days I've seen the word 'uptick' on PH irked


Weird isn’t it? Whenever I see it I immediately think ‘increase.’
Funny as it's the first time I've ever used that word laugh

Boleros

183 posts

7 months

Sunday 28th April
quotequote all
biggrin

CloudStuff

3,702 posts

105 months

Sunday 28th April
quotequote all
Ham_and_Jam said:
Simpo Two said:
That's twice in two days I've seen the word 'uptick' on PH irked
I’m sure the OP can reach out to the vendor…
Out of an abundance of caution, going forward.

MYOB

4,807 posts

139 months

Sunday 28th April
quotequote all
croyde said:
MYOB said:
croyde said:
She's made a few offers starting from £370,000, all refused.

Now offered £400k but no word back. Guess they are confident of getting more.
It will have no trouble selling and I wouldn’t be surprised if someone offered over the asking price.
After having a good look around online that is my thinking too but.....

They want to move out to rented accommodation as they want the process of selling, over asap and my friend is a cash buyer.
I believe the demand in this area is quite strong. As I mentioned, the whole region around this area is very desirable. I think the further south or east she is prepared to go, the cheaper it will be. It will depend on whether she needs easy access to London.