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Wilmslow Quick Flip....

6 posts in this topic

...........or a developer in trouble?

http://www.homesandproperty.co.uk/sales/855431

Click 'more' and you'll see 'Apartment 25 is located on the top floor of the block and is in need of full refurbishment throughout.'

http://www.houseprices.co.uk/e.php?q=25+pownall+court%2C+wilmslow&n=10

I live just outside. I've thought for some time that Wilmslow was an HPC happen. It got so close not long back but has been hanging on. For my mind, it's a classic example of 'fur coat no knickers'. As a town, there is nothing special about it whatsoever.

If I'd have bought on the Summerfields estate in the last 3 years, I'd be very worried.

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This was in today's property section of the Wilmslow Express.

http://www.rightmove.co.uk/property-for-sale/property-35889866.html

It's not a style of house for me and it needs work, but I like what it implies; lower values and pricing right down to sell.

http://www.rightmove.co.uk/property-for-sale/property-35889866.html

houseprices

http://www.houseprices.co.uk/e.php?q=SK9+7LU

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100k for that seems like a lot, given that a furbished one last sold for 164k in 2008. Must be 155k now? Surely, it would cost more than 55k to do it up to be nice?

How much does it cost to do up a house that is in need of full modernisation? roughly

Magnolia paint, laminate flooring, cheapest B&Q kitchen and bathroom, cheap unreliable undersized CH boiler, 15 mm of loft insulation, avoid as much of the wiring as possible.

Should get change out of 10 grand.

A sweet little old lady I know has recently passed away, her house will be the typical 'in need of modernisation' advert - not even got central heating. Given that a very similar house has sold recently in ok state I'll be watching to see what sort of difference it makes. Sitting this one out as it feels bad when my wife and I were so fond of her - and of course we'll get blown out the water by others anyway.

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100k for that seems like a lot, given that a furbished one last sold for 164k in 2008. Must be 155k now? Surely, it would cost more than 55k to do it up to be nice?

How much does it cost to do up a house that is in need of full modernisation? roughly

It does seem a lot. £155K probably on paper. Not helped by the fact on Rightmove there are only seven houses for sale in Alderley Edge asking below £200,000.

That 3-bed house went to market at Offers In Region of £100,000 on 23rd November. I was pleased to see the price might have influenced the seller of this 2-bed house, only a few steps away, to cut their asking price a big chunk. On 8th December it was cut from £175,000 to £140,000.

http://www.rightmove.co.uk/property-for-sale/property-32026594.html

http://www.rightmove.co.uk/property-for-sale/property-20692107.html

My guess is someone inherited it, and has spent bare minimum doing it up to try and get a toppy price from the market. Less than your £10K. Dumped a cheap new kitchen in there. Spooked by the £100,000 Guide Price of the other house to reducing in order to get rid, else see it remain empty for many more months or years at their old £175,000 asking price. More than £55K to do it up nice for that house? I'd say £22K maximum to a standard I'd be happy with, whilst trying to work within a budget of £14K-£16K. I'm including a quality kitchen in that. I've got ever more sources for some really mean deals for the trades and many materials. Just don't have a house to set them to work on.

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New homes bid ‘crowded’

Karen Britton

February 09, 2012

http://menmedia.co.uk/wilmslowexpress/news/s/1481898_new-homes-bid-crowded

It's nice for Coun Joan McCance to impose her own personal standards on housing, perhaps for those looking to buy their first home, saying “1It’s rather overcrowded, I wouldn’t like to live there”.

The Parish Council elections candidate profiles from earlier this year: Joan McCance – Conservative 23 Ashford Road, Wilmslow. "I have lived all my life in the Greater Manchester and Cheshire areas. "I have had a varied and happy life and feel it is time to give something back to the community in return."

http://menmedia.co.uk/wilmslowexpress/news/politics/local_elections/s/1419171_parish-council-elections---candidate-profiles

Meaning she bought her big detached house in a very desirable area of Wilmslow at what would have been a stupid price at a huge peak, if not for interest rates being slashed and hundreds of billions of QE propping up prices. Zoopla estimates her home has still fallen in value since she bought it despite all that. She can now keep sneering at small developments of homes.

Property type: Detached | Tenure: Freehold | Last sale: £405,000 | Sale date: 15th Nov 2006

I just found out today Argos in Wilmslow has closed down.

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