How far will house prices fall [volume 5]
Discussion
dai1983 said:
We have a 1930s semi as you describe in England but know which type you mean in Cardiff.I love it but if I’m honest I wish we had a bit more living space inside especially the kitchen and pokey 3rd bedroom when we have guests. We could extend and similar houses I’ve seen with this done are amazing. It’d cost us a fair sum though, I’d loose access to the set back garage and come the spring we start living outside in the substantial garden anyway.
Newer houses have pokey gardens but far better indoor living space. Maybe that’s what’s keeping prices of the 1930s houses low?
I'm right with you. This is where me and the wife differ in opinion. What you may gain with original parque flooring and large staircases, you quickly lose in gulley kitchens, damp, and garages you can't actually get a modern car down the side of the house to. The extended properties are rightly much more expensive. Because around here builders want anything from 50-165k for a single storey extension. Newer houses have pokey gardens but far better indoor living space. Maybe that’s what’s keeping prices of the 1930s houses low?
I like the 1930s properties however because the streets are wide and often quiet. They are closer to the city, yet often have a very spacious and neighbourly feel. The fireplaces look great (have you ever seen modern houses with teaditional open fires, just looks rubbish). And right now they are looking like great value.
rufusgti said:
I'm right with you. This is where me and the wife differ in opinion. What you may gain with original parque flooring and large staircases, you quickly lose in gulley kitchens, damp, and garages you can't actually get a modern car down the side of the house to. The extended properties are rightly much more expensive. Because around here builders want anything from 50-165k for a single storey extension.
I like the 1930s properties however because the streets are wide and often quiet. They are closer to the city, yet often have a very spacious and neighbourly feel. The fireplaces look great (have you ever seen modern houses with teaditional open fires, just looks rubbish). And right now they are looking like great value.
One of my friends has a two storey extension on the side and a full length one out the back. That was how they bought it but I wouldn’t like to think how much it cost to do. In a different part of the country so can’t compare and the local council here have refused planning here for similar. I like the 1930s properties however because the streets are wide and often quiet. They are closer to the city, yet often have a very spacious and neighbourly feel. The fireplaces look great (have you ever seen modern houses with teaditional open fires, just looks rubbish). And right now they are looking like great value.
1930s place near Roath Park would be lovely.
HoHoHo said:
HustleRussell said:
What do people think of Brighton and Hove? I thought 2 and 3 bed houses in the Deans and Portslade looked broadly reasonable, but my friend who moved into Bevendean thinks that prices have gone mad since she moved in a year and a bit ago.
Can't comment on B & H but I live in West Chiltington, a village not too far from that part of the world.We've moved last September and in the final three months of 22 months of trying to move the house we wanted was reduced by 15% and then we got a bit more off the asking price.
Since then and looking at Right Move anything that hasn't adjusted the asking price is still on the market and those that have sold are because owners have realised the market is difficult for a 7 figure house and if you want to sell you need to be realistic. The days of Londoners coming down to this part of the world and paying silly money for large houses (and thus creating an artificial price bubble) are currently long gone.
I would imagine the buyers in the Brighton area are slightly different and it's always been a bit pricey. Portslade is a bit cheaper than Brighton simply because of it's location (the Shoreham incinerator tower is a lovely sight I hear on a sunny day
)HustleRussell said:
Does anybody on PH have any feel for properties in the lowly six figure price range? Even within the grasp of the humble unassisted first time buyer?
But where? Do you want Brighton or within commuting distance? Hailsham and Heathfield are fair value (usually) and are expanding rapidly. Here in Uckfield you'll still find older semi's or new build and train links to nowhere that matters.North of here and the London effect comes into play (big time), west of here and it's Gatwick commuters, so east and south are the better searches (but there's square root of FA out there) until you hit Peacehaven/Newhaven/Seaford/Eastbourne.
However, Wealden DC have just had a the local plan dismissed and need to find room for more houses...
HustleRussell said:
Does anybody on PH have any feel for properties in the lowly six figure price range? Even within the grasp of the humble unassisted first time buyer?
Colchester (45 - 60 minutes to Liverpool Street) has a selection of one bed flats from C£110K, and nice two bed and less nice three bed houses at £200 - 250k, in decent parts of the borough. Less for ex local authority stuff. Latest ONS house price data release today
UK average house prices increased by 2.2% over the year to November 2019, up from 1.3% in October 2019.
Average house prices increased over the year in England to £251,000 (1.7%), Wales to £173,000 (7.8%), Scotland to £155,000 (3.5%) and Northern Ireland to £140,000 (4.0%).
The annual increase in England was driven by the West Midlands and North West.
The lowest annual growth rate was in the East of England (negative 0.7%) followed by London (positive 0.2%).
https://www.ons.gov.uk/economy/inflationandpricein...
UK average house prices increased by 2.2% over the year to November 2019, up from 1.3% in October 2019.
Average house prices increased over the year in England to £251,000 (1.7%), Wales to £173,000 (7.8%), Scotland to £155,000 (3.5%) and Northern Ireland to £140,000 (4.0%).
The annual increase in England was driven by the West Midlands and North West.
The lowest annual growth rate was in the East of England (negative 0.7%) followed by London (positive 0.2%).
https://www.ons.gov.uk/economy/inflationandpricein...
John Locke said:
HustleRussell said:
Does anybody on PH have any feel for properties in the lowly six figure price range? Even within the grasp of the humble unassisted first time buyer?
Colchester (45 - 60 minutes to Liverpool Street) has a selection of one bed flats from C£110K, and nice two bed and less nice three bed houses at £200 - 250k, in decent parts of the borough. . Swindon Advertiser had an article about the impact of the rail works.
https://www.swindonadvertiser.co.uk/news/17956020....
JPJPJP said:
Latest ONS house price data release today
UK average house prices increased by 2.2% over the year to November 2019, up from 1.3% in October 2019.
Average house prices increased over the year in England to £251,000 (1.7%), Wales to £173,000 (7.8%), Scotland to £155,000 (3.5%) and Northern Ireland to £140,000 (4.0%).
The annual increase in England was driven by the West Midlands and North West.
The lowest annual growth rate was in the East of England (negative 0.7%) followed by London (positive 0.2%).
https://www.ons.gov.uk/economy/inflationandpricein...
I think this demonstrates that more are trying to cash in and move further away from ‘commuter belt’ therefore very top end properties are struggling. UK average house prices increased by 2.2% over the year to November 2019, up from 1.3% in October 2019.
Average house prices increased over the year in England to £251,000 (1.7%), Wales to £173,000 (7.8%), Scotland to £155,000 (3.5%) and Northern Ireland to £140,000 (4.0%).
The annual increase in England was driven by the West Midlands and North West.
The lowest annual growth rate was in the East of England (negative 0.7%) followed by London (positive 0.2%).
https://www.ons.gov.uk/economy/inflationandpricein...
I think we are in for a long slow period not a crash as such
FocusRS3 said:
I think this demonstrates that more are trying to cash in and move further away from ‘commuter belt’ therefore very top end properties are struggling.
I think we are in for a long slow period not a crash as such
More reason for the government to improve transport links so that travel times are reduced. The train frequency where I am in Zone 4 is shockingly bad - yet all the stupid council seems to want (via dodgy developers) is more one-bedroom flats instead of pushing for better infrastructure which would give commuters a better choice of towns to live in.I think we are in for a long slow period not a crash as such
John Locke said:
Colchester (45 - 60 minutes to Liverpool Street) has a selection of one bed flats from C£110K, and nice two bed and less nice three bed houses at £200 - 250k, in decent parts of the borough. Less for ex local authority stuff.
Get a nice period dooer-upper for under 200£k surely!https://www.rightmove.co.uk/property-for-sale/prop...
fido said:
More reason for the government to improve transport links so that travel times are reduced. The train frequency where I am in Zone 4 is shockingly bad - yet all the stupid council seems to want (via dodgy developers) is more one-bedroom flats instead of pushing for better infrastructure which would give commuters a better choice of towns to live in.
Replace 'Zone 4' with 'Zone 6' and your comment summarises exactly what is happening in my area as well. I'm sure it is a problem all over outer London, but it does seem that some councils are more developer-friendly than others, despite knowing the problems they are storing up.Even moving people out to more distant towns won't sort the problems out in the South East though, as long as the majority of well paid jobs are in London. On my line, you could build more housing in Woking or Basingstoke, but they are still served by the same trains that run through Surbiton and Clapham Junction. A certain percentage would find local jobs, but a lot would still be using the same trains every day.
As you say, we need more infrastructure, but at the moment it seems to expensive just to maintain what we've got.
Bullet-Proof_Biscuit said:
John Locke said:
Colchester (45 - 60 minutes to Liverpool Street) has a selection of one bed flats from C£110K, and nice two bed and less nice three bed houses at £200 - 250k, in decent parts of the borough. Less for ex local authority stuff.
Get a nice period dooer-upper for under 200£k surely!https://www.rightmove.co.uk/property-for-sale/prop...
The Don of Croy said:
HustleRussell said:
Does anybody on PH have any feel for properties in the lowly six figure price range? Even within the grasp of the humble unassisted first time buyer?
But where? Do you want Brighton or within commuting distance? Hailsham and Heathfield are fair value (usually) and are expanding rapidly. Here in Uckfield you'll still find older semi's or new build and train links to nowhere that matters.North of here and the London effect comes into play (big time), west of here and it's Gatwick commuters, so east and south are the better searches (but there's square root of FA out there) until you hit Peacehaven/Newhaven/Seaford/Eastbourne.
However, Wealden DC have just had a the local plan dismissed and need to find room for more houses...
JagLover said:
John Locke said:
Colchester (45 - 60 minutes to Liverpool Street) has a selection of one bed flats from C£110K, and nice two bed and less nice three bed houses at £200 - 250k, in decent parts of the borough. .
Swindon should be 50 minutes to Paddington after electrification and prices are similar in the nicer areas for those starter homes.Swindon Advertiser had an article about the impact of the rail works.
https://www.swindonadvertiser.co.uk/news/17956020....
HustleRussell said:
Thanks all, I've got friends in Bevendean and Hangleton, I'm trying to be somewhere in between. It'd be nice to be walkable to Portslade station as I can jump on the mainline train there. As is always the case, I can probably muster £310k but what I like looks to be £50k more (Semi with 2 / 2.5 bedrooms, off-street parking and ideally a garage)
Even if you have a garage it wont usually be wide enough for the average car. Mine contains a few items of gardening equipment. Bullet-Proof_Biscuit said:
John Locke said:
That's not in a decent part of the borough. You really wouldn't want to live there.
Ah fair! Where's the good bit? I assumed near the main line for London access, or near the uni for rental yield..https://www.rightmove.co.uk/property-for-sale/prop...
is typical, almost all have off road parking for at least one car. Other decent areas in ascending price order, are Stanway, St John's, Prettygate, Lexden, Welshwood Park. Most of the borough, away from the town centre is ok, even the former Council estates such as Greenstead and White City aren't too bad these days.
The Hythe area is probably best for rental yields; as you say near the university, although it's a bit industral and has a fair share of resident junkies.
Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff