I've been coming to the forum for about a year now. I've learnt and read so much from many, so thank you all for that. I'm 24, and currently renting a flat with my fiancé in Middlesbrough. (Yep, officially the worst place to live (I know which parts to avoid!!)
Lived on Teesside all my life, but worked and travelled around the UK. We would both like to settle here for now as this is our home. Where our friends an family are. We have been renting for a year now and both of us are on average salaries for our age. We've been sensible with money and have no debts, any student loans paid off, and we have managed to save over £15k towards a deposit.
I'm a big believer that the bigger HPC is on it's way (or currently underway) and getting pressured by fiance and family to buy. I'd love out own place to put our own mark on however, personally would like to wait another 9-12 months to see what happens the housing Market. Saying that, whilst the over inflation in prices is completely different in the south compared to the north.
We've started looking at property in the area. Found a 3 bed semi which seems cheap for it's type and location. It's up for OIEO £99950, advertised as a lower price for a quick sale. Were going to view this week and if we like it may be tempted to put an offer in of around 90-95k. Not sure they would take it considering the other property sold on the road and area in recent months (110-140k) - similar property.
Looking back on right move data, the property was last sold in 1999 Q3, for £52k. Going by the average house price adjusted to inflation
chart, i'd say it was relatively close??
Any advise would be great! Thank you.