2015 House prices ?
Discussion
Just south of J11 of the M4 and stuff is moving within 2-3 days and generally at asking price or above. Our old place has certainly gained around 15% in 12 months.
Current place we're in had our offer accepted on the day it went on sale in April and the neighbour sold identical house (but smaller plot) for 30k more in June.
From what I can see, it's a rush as mortgages are freeing up a bit in terms of lending strictness, rates are low so lots of people have access to more than they might have got 10yrs ago, coupled with slight undersupply.
The agents I have dealt with don't seem too concerned in the short/medium term as prices in their eyes are mainly returning to where they would have been had there been no recession and the market had just seen a steady but stable increase. That's true in our case but there are some total s
tholes for sale for mega money here which seems to be people now cashing in on the rush. 4bed ex council places for over 600k when they were 400k a few years ago.
What I have noticed is that the 450k-600k is seeing a massive jump so you now have the situation where 600k gets you a sthole and 675k can get you somewhere which looks amazing!
Current place we're in had our offer accepted on the day it went on sale in April and the neighbour sold identical house (but smaller plot) for 30k more in June.
From what I can see, it's a rush as mortgages are freeing up a bit in terms of lending strictness, rates are low so lots of people have access to more than they might have got 10yrs ago, coupled with slight undersupply.
The agents I have dealt with don't seem too concerned in the short/medium term as prices in their eyes are mainly returning to where they would have been had there been no recession and the market had just seen a steady but stable increase. That's true in our case but there are some total s
tholes for sale for mega money here which seems to be people now cashing in on the rush. 4bed ex council places for over 600k when they were 400k a few years ago.What I have noticed is that the 450k-600k is seeing a massive jump so you now have the situation where 600k gets you a s
thole and 675k can get you somewhere which looks amazing! Spencer's wood ( used to live there) or shinField?
Very odd area. This house below has only gained 200k but nearly doubled in value ( mine was next door to the right) in the last 11-12 years. Yes a lot but surprised not more. Think we sold for 250-300 ish.
Mike
Very odd area. This house below has only gained 200k but nearly doubled in value ( mine was next door to the right) in the last 11-12 years. Yes a lot but surprised not more. Think we sold for 250-300 ish.
Mike
Edited by mikees on Saturday 17th October 20:14
We've moved from Shinfield.... To spencers wood.. All of 2 roads away!
With the amount of new development coming (circa 3000homes then another 3500 a mile south in arborfield) I'm not quite sure what prices will do but I suspect they'll be dictated somewhat by whatever the developers are charging.
We've kept our old place in Shinfield and rented it out in the end but it's certainly difficult to predict whether we'd be better off cutting and running before the main developments start.
With the amount of new development coming (circa 3000homes then another 3500 a mile south in arborfield) I'm not quite sure what prices will do but I suspect they'll be dictated somewhat by whatever the developers are charging.
We've kept our old place in Shinfield and rented it out in the end but it's certainly difficult to predict whether we'd be better off cutting and running before the main developments start.
We bought our link detached 3 bed (south coast) for £242k about 2.5 years ago and now the closest I can find in the same estate at the moment (no en-suite and a smaller back garden) is showing sold with an asking price of £310k.
Granted the removal of the stamp duty glass ceiling has probably 'helped' but nearly 30% is pretty good going.
Agents are constantly sticking stuff through the letterboxes in our street asking if people want to sell. Maybe it's bs or maybe they can't satisfy the demand... Either way I can't see prices going down for a while.
Granted the removal of the stamp duty glass ceiling has probably 'helped' but nearly 30% is pretty good going.
Agents are constantly sticking stuff through the letterboxes in our street asking if people want to sell. Maybe it's bs or maybe they can't satisfy the demand... Either way I can't see prices going down for a while.
The flat I'm currently buying was on the market for less than a week. (Surrey, 4 Trains/hour into Central London in 35mins) You'd think this time of years it would be slowing slightly. What drove the price was the "Auction" nature that Estate Agents now employ. Open day on Saturday final offers in by Monday 12pm.
It grates, but it's commonplace.
My first offer was rejected. I'd come down 1%! Eventually settled paying 0.5% just under list!
Talking about the market in general round here. Flat I looked at before was short lease, needed every window replacing, and a lot of tidying. On a main road etc. IMO was Overpriced and the EA was lacking in a lot of the details which annoyed. But it still went SSTC the Weds after the viewing day. There's obviously properties that hang around but I always think that's more about Location than price.
It grates, but it's commonplace.
My first offer was rejected. I'd come down 1%! Eventually settled paying 0.5% just under list!
Talking about the market in general round here. Flat I looked at before was short lease, needed every window replacing, and a lot of tidying. On a main road etc. IMO was Overpriced and the EA was lacking in a lot of the details which annoyed. But it still went SSTC the Weds after the viewing day. There's obviously properties that hang around but I always think that's more about Location than price.
Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff