How far will house prices fall [volume 4]

[spikeyhead]

anonymous said:

[redacted]

Tell me more about these badly behaved MILFs

[p1stonhead]

Tidy profit in this one near me for someone. Probably a £50k spend max on the refurb and rear tiny extension (I think the loft conversion was already done when they bought it). Cheap looking laminate, cheap looking carpet, cheap looking bathroom. Plus in general room sizes are just absolutely tiny. Mental.



http://www.rightmove.co.uk/house-prices/detailMatc...

Edited by p1stonhead on Monday 27th November 08:20

[ClaphamGT3]

Cheap house done cheaply shocker....

I particularly loved that no one bothered to go to the epic effort of screwing the bedroom light rose in place for the estate agent pics

In other news, we put our place on the market 10 days ago and had seven viewings and three offers, one procedable and only £10k under asking within three days.

No begins the joys of concluding a deal with the three siblings who have inherited the one we want to buy. As I keep saying to Mrs C, who is prone to get worked up by these things, the crocodile doesn't fight the antelope to the death; the crocodile merely holds it in its grip and lets the antelope exhaust itself before administering the coup de grace

[kingston12]

ClaphamGT3 said:

Cheap house done cheaply shocker....

I would imagine that is actually quite expensive for that area where the energy in the market is probably aimed at big detached houses.

That is a massive profit for a cheap refurb job though. I wonder how much of it is just the underlying price going up as those areas seemed to have forged ahead in ths past couple of years whilst London has stalled a bit.

[p1stonhead]

kingston12 said:

ClaphamGT3 said:

Cheap house done cheaply shocker....

I would imagine that is actually quite expensive for that area where the energy in the market is probably aimed at big detached houses.

That is a massive profit for a cheap refurb job though. I wonder how much of it is just the underlying price going up as those areas seemed to have forged ahead in ths past couple of years whilst London has stalled a bit.

It’s certainly expensive for the size but is on one of ‘the’ roads to be on according to some and is close to town but that exact road is a busy main road with very limited parking. Others just off it are much nicer and quieter.

Nice detached in the area are generally £800k+ though.

Edited by p1stonhead on Monday 27th November 09:30

[kingston12]

p1stonhead said:

kingston12 said:

ClaphamGT3 said:

Cheap house done cheaply shocker....

I would imagine that is actually quite expensive for that area where the energy in the market is probably aimed at big detached houses.

That is a massive profit for a cheap refurb job though. I wonder how much of it is just the underlying price going up as those areas seemed to have forged ahead in ths past couple of years whilst London has stalled a bit.

It’s certainly expensive for the size but is on one of ‘the’ roads to be on.

It's not massively out of whack with what I'd expect, to be honest, it just struck me that it probably wouldn't be classed as a cheap house locally.

Do you find that it is this part of the market that is seeing the biggest growth in Reigate?

I have always seen it as one of those areas driven by the big, detached, commuter-type houses with smaller houses and flats being far less popular, but I guess this could have flipped with the increase in people moving out of London earlier?

[p1stonhead]

kingston12 said:

p1stonhead said:

kingston12 said:

ClaphamGT3 said:

Cheap house done cheaply shocker....

I would imagine that is actually quite expensive for that area where the energy in the market is probably aimed at big detached houses.

That is a massive profit for a cheap refurb job though. I wonder how much of it is just the underlying price going up as those areas seemed to have forged ahead in ths past couple of years whilst London has stalled a bit.

It’s certainly expensive for the size but is on one of ‘the’ roads to be on.

It's not massively out of whack with what I'd expect, to be honest, it just struck me that it probably wouldn't be classed as a cheap house locally.

Do you find that it is this part of the market that is seeing the biggest growth in Reigate?

I have always seen it as one of those areas driven by the big, detached, commuter-type houses with smaller houses and flats being far less popular, but I guess this could have flipped with the increase in people moving out of London earlier?

Things have definitely quietened down this year but in the last three years, the smaller (3-4 bed) family homes are the ones that went mental. Although to be honest (for the obviously reason of not being able to afford them) I haven’t monitored the high end as much so perhaps they did go up too.

It’s the ‘normal’ homes which very much took off over the past few years. Boring bland 3 beds are generally over £400k now which is probably £100k up on say 3 years ago.

[gibbon]

anonymous said:

[redacted]

English Heritage I dont believe will have anything to do with it, your local conservation officer is the person you want to get on with, look at local similar properties if there are any, you may very well be surprised whats been allowed / whats possible.

[ClaphamGT3]

gibbon said:

anonymous said:

[redacted]

English Heritage I dont believe will have anything to do with it, your local conservation officer is the person you want to get on with, look at local similar properties if there are any, you may very well be surprised whats been allowed / whats possible.

This is correct. Historic England now looks after listings at a national level and they will only engage in high profile, contentious applications.

For something like you describe, you're in the hands of your local conservation officer and these people have both a lot of power and a lot of leeway in how to use it.

A good one can be a real asset; enthusiastic, supportive and genuinely engaged in what you are trying to do from a sincere professional passion. A bad one is a slayer of all hope and ambition & makes the whole exercise feel like you are trying to reach a middle eastern peace settlement.

I will leave you to speculate on the ratio between the two groups and give you the advice I give to anyone thinking of buying a listed building; don't even think about it until you have met the conservation officer and formed a view on whether you can work with them or not

[Mrr T]

anonymous said:

[redacted]

A few more tips. (I maybe out of date since its 10 years since I renovated). A local surveyor is fine but better go to the horse’s mouth. Most conservation officers will meet you, at the office not at the house, and you will quickly gauge their attitude.

This is bad but do find out if they have ever seen inside the house. Now it would clearly be wrong to make changes inside without consent but it’s difficult to police!!!!

Also contact local builders/roofers and reclamation yards, since you will often need traditional products, tiles for example, good to find sources and prices.

As for windows, humm, that can be a big problem and is very dependent on local conservation policy. I had a friend who brought a listed thatched cottage. Windows where metal Crittical Winows fitted we guessed in the 1920’s. They were badly warped and looked horrible. They could not be repaired, and even painting was a pain. The local conservation officer loved them no chance of replacement. They could only fit internal double glazing.

[ClaphamGT3]

anonymous said:

[redacted]

Given your area, I would be tempted to talk to Tom Grillo in Godalming.

The barn will potentially fall into listing under the "within the curtliage of a Listed Building' rule so, unless it has its own LR title, assume that it is listed. When you meet your conservation officer, get their view on so-called 'group value' i.e. The extent to which alterations to a subservient building like a barn enhance or detract from the dominant building irrespective of the intrinsic historic and architectural merit of the subservient building. Some don't really give a toss, others will be obsessive about retaining the integrity of the *insert period* of the range of buildings.

Windows are often a flash-point with COs albeit on a Grade II listing, you should get some leeway as long as you replace either like for like or make a case for taking the property back to what it might originally have had in each area. I have fought and lost a lot of battles for expensive, custom made windows with double glazed panes. COs tend to prefer secondary double glazing as it is more 'truthful' to the building's heritage.

Finally, remember thatbthe whole building is listed, not just parts of it, albeit certain features may have been specifically referenced of particular merit in the original listing.

Also, in amongst some generally excellent advice from Mrr T, be very wary of undertaking any work without LBC - a few years ago I managed a £9m project re-instating the original interior in a residential property in Central London where an owner thoughtbthey could get away with it.

Edited by ClaphamGT3 on Monday 27th November 12:31

[gibbon]

anonymous said:

[redacted]

I bet the barn is, its the full curtilage of the site that is listed, not specific parts of the building, site or even decor.

Windows and staircase can be an issue to move, however, restoring and renovating not an issue at all. I would think good quality replica slim double glazed windows will more than likely be possible, they will have to be made from the same materials and very much in keeping though.

If the building is in a conservation area then get a copy of the conservation area statement, it will give you a good indication of the specific areas / features / history that have constituted the listing, and thus what they will be keen for you to leave largely unchanged.

[rah1888]

anonymous said:

[redacted]

Or his son - James at KF perhaps?

Edited by rah1888 on Monday 27th November 17:36

[drainbrain]

anonymous said:

[redacted]

In Scotland a grade 2 listed (or even a conservation area) would require replacement windows to be of original "appearance, material, and function". No exceptions. A local MP here was forced to remove non-conforming replacements and restore conforming ones.

So if you've got multi-pane wooden sash and case coming out it'll be multi-pane wooden sash and case (albeit DG) going back in.

The good news is that there will be specialist suppliers who can enact this extremely satisfactorily.

The even better news is that they will be 'better' and last far longer than any UPVC of any quality.

The bad news is that it will (probably) cost a fortune if done by a craftsman.

[AstonZagato]

It is worth remembering that altering a listed building without consent is a criminal offence.

I do know someone with a Grade 1 listed pile. He has NEVER let anyone from listed buildings or English Heritage inside. So there is no-one that can say what is genuine or not. High risk strategy IMHO. That said, he has no money to make any big changes and the last thing he wants to do is damage the place.

[TheLordJohn]

AstonZagato said:

He has NEVER let anyone from listed buildings or English Heritage inside.

Seems a sensible policy.

[Croutons]

Or get there before anything is listed like these cheeky fkers did.

http://www.telegraph.co.uk/news/2017/09/01/histori...

[Matt p]

https://www.leaseholdknowledge.com/views-tory-mp-c...

Nice little speech from Mr Blunt.

Wonder what that would do to house prices should it come into force one day.

[Sa Calobra]

When/if a property crash does come I hope the landlord industry is vastly reduced(pulled lending etc) and/or landlords mortgage rates sky rocket so poor people can afford rent and houses to buy again. I.e. there'll be houses available to buy and affordably again. The rent around my way is going through the ceiling. How people can claim 'im only asking market rate' when they are a big part of what drives the prices..

Sorry for the rant but alot of property locally is being snapped up by landlords.

[kingston12]

Matt p said:

https://www.leaseholdknowledge.com/views-tory-mp-c...

Nice little speech from Mr Blunt.

Wonder what that would do to house prices should it come into force one day.

It might increase the value of flats relative to houses a bit, but I doubt it would have a big impact in the second-hand market.

For new houses/flats, it might make developers a little less keen to develop less profitable sites if they lose some of their murky extra profit schemes.