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Author Discussion

tonker

43,762 posts

117 months

[news] 
Monday 18th June 2012 quote quote all
princeperch said:
tonker said:
I've put my own edifice to 1970's mock Georgian naffness up here.... but I am not trying to get more for it than is realistic (or even on this planet).
selling so soon after the extension?
No, not for sale - windows and doors go in stage one Wednesday (sodding rain has cost us ages) I have looked at moving, but can't find anything at what I think is fair value that offers much more than we have for less than double the price .... which just isn't worth moving - I keep my eyes open obviously, but I've not seen that nugget yet...

smack

8,277 posts

60 months

[news] 
Monday 18th June 2012 quote quote all
NoelWatson said:
Good to see you back Noel! Still got that nice Honda? smile

princeperch

4,521 posts

116 months

[news] 
Monday 18th June 2012 quote quote all
tonker said:
princeperch said:
tonker said:
I've put my own edifice to 1970's mock Georgian naffness up here.... but I am not trying to get more for it than is realistic (or even on this planet).
selling so soon after the extension?
No, not for sale - windows and doors go in stage one Wednesday (sodding rain has cost us ages) I have looked at moving, but can't find anything at what I think is fair value that offers much more than we have for less than double the price .... which just isn't worth moving - I keep my eyes open obviously, but I've not seen that nugget yet...
update your thread then!

groak

3,254 posts

48 months

[news] 
Monday 18th June 2012 quote quote all
smack said:
NoelWatson said:
Good to see you back Noel! Still got that nice Honda? smile
Hi Noel! Welcome back! Finally got the 458 (well it's getting built (I hope) as I write). smile

Chicken Chaser

3,335 posts

93 months

[news] 
Monday 18th June 2012 quote quote all
Mine goes up this week, just under stamp duty threshold so we'll see what happens with it.
Advertisement

NoelWatson

11,671 posts

111 months

[news] 
Tuesday 19th June 2012 quote quote all
smack said:
NoelWatson said:
Good to see you back Noel! Still got that nice Honda? smile
I have indeed - unfortunately not getting used as much as it should do but I have got sign off to keep it for the time being.

NoelWatson

11,671 posts

111 months

[news] 
Tuesday 19th June 2012 quote quote all
groak said:
smack said:
NoelWatson said:
Good to see you back Noel! Still got that nice Honda? smile
Hi Noel! Welcome back! Finally got the 458 (well it's getting built (I hope) as I write). smile
Very nice - way ahead of the McLaren in my view! Are you reactions going to be up to it? I went to a Palmersport day at the weekend and after spinning an Atom several times concluded that I am never going to be a driving god.

groak

3,254 posts

48 months

[news] 
Tuesday 19th June 2012 quote quote all
NoelWatson said:
Very nice - way ahead of the McLaren in my view! Are you reactions going to be up to it? I went to a Palmersport day at the weekend and after spinning an Atom several times concluded that I am never going to be a driving god.
'course not, but there are worse ways to croak laugh

Ari

7,197 posts

84 months

[news] 
Tuesday 19th June 2012 quote quote all
Next door neighbour been trying to sell for a while. Dropping and dropping the price as they really want to get it gone (was it something I said..?)

Finally got an offer of £4K under their asking price. Neighbour on the other side (all pretty much identical houses) commented that that's about what she paid for hers in 2004.

Only one house I know, but thought it was an interesting perspective on where the market is at the mo.

jonny70

619 posts

27 months

[news] 
Tuesday 19th June 2012 quote quote all
Ari said:
Next door neighbour been trying to sell for a while. Dropping and dropping the price as they really want to get it gone (was it something I said..?)

Finally got an offer of £4K under their asking price. Neighbour on the other side (all pretty much identical houses) commented that that's about what she paid for hers in 2004.

Only one house I know, but thought it was an interesting perspective on where the market is at the mo.
How much did they drop it by? (over what period of time and how much)

Ari

7,197 posts

84 months

[news] 
Tuesday 19th June 2012 quote quote all
About 20% over the course of a year. And their starting price would have been considered very reasonable a few years ago, I've no doubt it would have been snapped up (judging by what similar properties have been sold for at the time) so its not as though they were simply hopelessly optimistic and dropped to realistic.

Times they are a changing.

tonker

43,762 posts

117 months

[news] 
Tuesday 19th June 2012 quote quote all
are you up North ? Or outside of the SE at least - prices peaked in 2004, nothing has really sold since then (other than for very exceptional properties).... so they've just sat there at daft asking prices....

princeperch

4,521 posts

116 months

[news] 
Sunday 24th June 2012 quote quote all
the london agents seem to keep assuring the BTL's of decent yields

these flats in finsbury park were 200k off plan for a 1 bed and 245k off plan for a 2 bed (they have yet to complete but should do in the next 4 weeks)

http://www.findaproperty.com/to-rent/property-1198...

even if this bloke gets 300/wk for this one thats a nice return.

the problem is that these flats were cheap because they were one of these new fangled social projects where potential scumbags live side by side with DINKYS who work in the city.

I know quite a few people who have purchased there. Its going to be interesting to see how it pans out and whether they will be knocking on their neighbours door to borrow some sugar, or whether there neighbours will be breaking down their door, when they are at work..

Ari

7,197 posts

84 months

[news] 
Sunday 24th June 2012 quote quote all
tonker said:
are you up North ? Or outside of the SE at least - prices peaked in 2004, nothing has really sold since then (other than for very exceptional properties).... so they've just sat there at daft asking prices....
Sorry, forgot to respond. South west.

princeperch

4,521 posts

116 months

[news] 
Tuesday 3rd July 2012 quote quote all
I cant see this client is going to be over the moon with his agent

http://www.rightmove.co.uk/property-for-sale/prope...

the only thing he has left out is his missus's vital stats

Jobbo

7,227 posts

133 months

[news] 
Tuesday 3rd July 2012 quote quote all
princeperch said:
I cant see this client is going to be over the moon with his agent

http://www.rightmove.co.uk/property-for-sale/prope...

the only thing he has left out is his missus's vital stats
Bought for £75k, has a £94k mortgage despite owning it for 8 years. Whoops.

richardxjr

3,307 posts

79 months

[news] 
Tuesday 3rd July 2012 quote quote all
Ari said:
tonker said:
are you up North ? Or outside of the SE at least - prices peaked in 2004, nothing has really sold since then (other than for very exceptional properties).... so they've just sat there at daft asking prices....
Sorry, forgot to respond. South west.
This is happening in my part of the SE too (Sussex Coast)
Nearby house, bought for 190 in 02, went up at 225, my guess sold at 208
(no work done at all in that 10yrs though)
Another, up for 405 2 years ago, divorce, now "sold" (for now) at 305 which is also about 03/04 value imo.

Had to laugh when front page news of the local paper property section is a house actually being sold hehe

http://edition.pagesuite-professional.co.uk/Launch...

turbobloke

55,474 posts

129 months

[news] 
Tuesday 3rd July 2012 quote quote all
richardxjr said:
Ari said:
tonker said:
are you up North ? Or outside of the SE at least - prices peaked in 2004, nothing has really sold since then (other than for very exceptional properties).... so they've just sat there at daft asking prices....
Sorry, forgot to respond. South west.
This is happening in my part of the SE too (Sussex Coast)
Nearby house, bought for 190 in 02, went up at 225, my guess sold at 208
(no work done at all in that 10yrs though)
Another, up for 405 2 years ago, divorce, now "sold" (for now) at 305 which is also about 03/04 value imo.

Had to laugh when front page news of the local paper property section is a house actually being sold hehe

http://edition.pagesuite-professional.co.uk/Launch...
Regions may offer too broad a brushstroke, also the type of property and value range need to be taken into account. In parts of the SW the average price of decent 3-bed family terraced houses is still 15% to 20% up on 2003/04. Recently, anything detached and well presented £400k to £800k approx seems to be doing OK after a shaky spell.

tonker

43,762 posts

117 months

[news] 
Tuesday 3rd July 2012 quote quote all
I am watching the house opposite relative's one at the moment - they sold up for £340K in 2003. Identical house in give or take identical condition is now up at £350K. (4 bed exec detached, pampas grass and a 5 series sort of thing). NW. Another relative's house in the next street (we turned these places into ghettoes...) also up, about a third smaller, they're asking £350K as well (still 4 bed, pampas grass but more of a 318Msport street) - market's struggling.... and evidence it has done for a long, long time...

richardxjr

3,307 posts

79 months

[news] 
Tuesday 3rd July 2012 quote quote all
turbobloke said:
15% to 20% up on 2003/04.
I think that's about right over here for small family houses what with inflation over that time (and outside of London commuter land).

Seeing a (very) few more sensible priced houses now. I last bought in 2002, was looking up to £200k. One house we looked at for £180k (60s 3bed det, nice corner plot) back then has since been extended (nicely), 2 storey, easily £50-60k's worth - rest of house needs updating - it's vacant so I suspect repo - advertised at £249,950.

Rentals have gone mental though. We rented for a year whilst looking, family house rents have gone up a good 50% in that 10yrs and there is ever increasing demand.

Lots of people I know are talking about BTL, so here we go again...





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