In true thread junkie style... Just one more thread, you know I'm good for it!
A while ago, Catflap put a few links to what the average buyer should be able to get in Norwich - I think it was based on local average wages at a sensible multiple,and houses to match people in those jobs as it were.
With that in mind, I propose a thread with links to properties that we know the address for, or are going to be pretty easy to find the sold price of once they have finally sold.
Then we can all take a shot at how much we think it will finally sell for, and/or how much we'd value the property at in our own world!
Either the thread will sit languishing at the bottom of the list waiting for houses to be sold, or it'll be interesting to see people's perceptions of a fair price for property in the area...
First up, this 4th floor in Normandie Tower, Rouen Road currently on for £99,995 according to NHPs
the last one in the block sold in November 2007 for £90,000. (note: There is also a top floor Normandie tower flat also on sale at the moment, current asking price of £112,950)
I reckon it'll sell for over £80k (I hope it doesn't though!).
How much it should be though is another matter. It's 2 bedrooms, and I think someone on £14kish on their own (a mid to low level office worker), or a couple on about £10k each should be able to afford it. At conventional multiples (3.5 single, or 2.5 double) that makes it £50k+10% deposit = £55,000. I still think that's a bit too much, as there aren't going to be many people that choose to live on Rouen Rd I guess, but that's where I'm looking at things ending up. I suspect I'm being overly ambitious though.
There's a couple on Mornington Road that might be worth keeping track of, and I'll make a note of the open houses in Thursday's property section, and put links to them - it's a bit of a challenge to find properties with definable locations that will be easy to look up in several months time.