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House Price Crash forum > House Prices > Anecdotals
SarahBell
There's 3 officially up for sale.
Another is for sale - old lady gone into home and her son who owns house is trying to sell it for 125k (average for sale price I think on the street at the moment) but it needs new windows, new roof, electrics, heating system, summer room extension is coming away from back of house - so he wants way too much for it.
Another will go on the market fairly soon as someone's died recently

So for sale - 3 bed semi 128k (strange wood burning heating system)
3 bed mid terrace £119 950 (Had bad tenants who trashed the place, been empty for at least 8 months now and they've had to redo it all)
3 bed mid terrace £124,995 (this has converted loft space and looks looked after)

I'm interested as to see who buys them - as the last 8 gone on sale have all been landlord purchases.

I'll report back if and when any are sold and then put house prices on too.
buytoilet
QUOTE (SarahBell @ Feb 6 2008, 07:49 PM) *
There's 3 officially up for sale.
Another is for sale - old lady gone into home and her son who owns house is trying to sell it for 125k (average for sale price I think on the street at the moment) but it needs new windows, new roof, electrics, heating system, summer room extension is coming away from back of house - so he wants way too much for it.
Another will go on the market fairly soon as someone's died recently

So for sale - 3 bed semi 128k (strange wood burning heating system)
3 bed mid terrace £119 950 (Had bad tenants who trashed the place, been empty for at least 8 months now and they've had to redo it all)
3 bed mid terrace £124,995 (this has converted loft space and looks looked after)

I'm interested as to see who buys them - as the last 8 gone on sale have all been landlord purchases.

I'll report back if and when any are sold and then put house prices on too.


2 in our road both over 500,000. 1 has been on since last August
RajD
2 for sale - on sale since last November
3 to let - all been vacant since last December laugh.gif
Byron
Five, brand new 4 bedroom houses built to top spec, on sale for £650,000 and unsold for over a year in Upper Killay, SWANSEA. developer knocked down one large house and crammed all 5 onto the one site. Absolutely clueless!
gilf
We have had two for sale on our street in the last 6 months, both sold within a week. However both needed some serious work to bring up to scratch and therefore both were 20-30% less than the general average for the area.

To date the one which is directly next door to us is still empty and the other they have only just started to work on.

However other roads nearby with similar houses for sale are having real trouble selling, I walk past an EA on the way to and from work so keep tabs on whats going on, plenty of reductions and houses staying in the windows for months.
house.mc
2 for sale in about 30 houses.
1 has been on the market for over 6 months. With modest reduction in asking price.
1 new to the market.

Local estate agent websites the prices seem static.
pokissimo
One out of 30 available on my street - came to market in the new year:

Asking ~35% more than they paid for the house in 2003 (overpaid then) - no significant work done.
Diet Cola Addict
I live in Milton Keynes, renting in a street with about twenty FTB properties that are all BTL owned. mad.gif

A year ago, speculators were hoovering up such properties at or above asking price within a few days. Such properties were never advertised to the public - they were simply shown to investors who had registered their interest with estate agents and rapidly sold. Now there are a glut of for sale signs (many there since December) on my street, all being ignored despite 5% drops in price (133k from 140k).

Whats worth posting is that MK was named by The Times as 4th in their list of fail-safe property investment towns.

Times article

If things do not change soon with Spring, I think that the bottom rung of the housing ladder has collapsed in the 4th most fail-safe town.
Colin
QUOTE (Byron @ Feb 7 2008, 10:16 PM) *
Five, brand new 4 bedroom houses built to top spec, on sale for £650,000 and unsold for over a year in Upper Killay, SWANSEA. developer knocked down one large house and crammed all 5 onto the one site. Absolutely clueless!


OMG! £650,000 for a 4 bed hutch in Swansea!

No wonder all the youngsters are topping themselves round there.....
mitchbux
On our road there were 6 for sale between May and September last year including ours. Two came off the market soon after that. One just taken off, the other rented out. One completed their sale just before Xmas and the others have had varying reductions.

This year one more has gone up for sale - bought at £210 early last year and asking £235 laugh.gif
The remaining three all made small reductions in Jan and we have accepted an offer this week.

2007 May onwards - 6 (then down to 3)
2008 - 4 (hopefully soon to be 3) so far...

80-90 properties in total on the road.
DblEntry
3 in my road (apparently 1 is sold, 1 is 'sale agreed').

Only 1 flat sold in the entire of 2007 according to the Land Registry.
up2late
Too many properties to count (see my avatar)

Next door was for sale or to let when we moved in August. The sign has said "Under offer" since then and there are cobwebs on the front door.
the reaper
QUOTE (Byron @ Feb 7 2008, 10:16 PM) *
Five, brand new 4 bedroom houses built to top spec, on sale for £650,000 and unsold for over a year in Upper Killay, SWANSEA. developer knocked down one large house and crammed all 5 onto the one site. Absolutely clueless!

any chance of a link sounds like a disaster
Megablastic
In a sleepy small village in Wiltshire I counted 10 houses up for sale on the high street. A bit further up the road there are 4 houses, ex council non reema with large gardens. 3 out of the 4 are up for sale.

It's crazy, the sold sign for a house I was thinking of buying £214k before I came to my senses and found this site....still has the sold sign up after 4 months.
dissident junk
Five to buy and six to rent on my street alone.

There's also a block of 12 just about to go on the market.

In our village (circa 7K people), there are 50 properties for sale and over 30 to rent -- I have never seen the market like this before.

There are over 260 for sale in my prefix postcode, an area that covers two small villages, and 43 to rent.

It is ludicrous. This oversupply has to eventually bring prices down, but people aren't budging by more than 6%/7% so far. Houses are being relisted from 'for sale' to 'for let' every six months.

I doubt some of the new properties are ever going to be inhabited in the next two to three years.


chichi
QUOTE (SarahBell @ Feb 6 2008, 07:49 PM) *
So for sale - 3 bed semi 128k (strange wood burning heating system)



They've had an offer of 115 that they've knocked back apparently.
SarahBell
QUOTE (SarahBell @ Feb 6 2008, 08:49 PM) *
So for sale - 3 bed semi 128k (strange wood burning heating system)
3 bed mid terrace £119 950 (Had bad tenants who trashed the place, been empty for at least 8 months now and they've had to redo it all)
3 bed mid terrace £124,995 (this has converted loft space and looks looked after)



Another one up for sale and the old lady house is going privately to the son's nephew apparently, but they had the EA do a valuation...

the
3 bed mid terrace £119 950 (Had bad tenants who trashed the place, been empty for at least 8 months now and they've had to redo it all)
is now Offers in Region of £114,950

So it's been empty 9-10 months now and they've reduced it by 5k.

And the 128k ones have rejected an offer of 110k.

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