Mr 0.01% Posted October 10, 2010 Share Posted October 10, 2010 I'm not interested in flats, new-build or ex-council houses price reductions. They're just the crappy low end of the housing market. Will be interested to see if proper houses see any price reductions at all If the bottom end of the market doesn't fall to pieces then the mid-upper range will remain equally as stagnant (Excluding the v high end)? The market is only as strong as its weakest link etc...? Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 17, 2010 Share Posted October 17, 2010 Just came across this, looks like it's had a good **** wiping and over £70k added to the price. Here's the before pic. Seems it's number 34 bought for £120k at the end of February. I'll be keeping an eye on it Quote Link to comment Share on other sites More sharing options...
jaynewcastle Posted October 18, 2010 Share Posted October 18, 2010 Will be interesting to see what it sells for. Have to admit I don't like that area of W Bay at all. The streets & majority of houses just seem so cramped & close together Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 18, 2010 Share Posted October 18, 2010 Another amateur developer alert, sold for £136k at auction in July now for sale not quite finished for £225k This was available on the open market earlier in the year for £140k, my missus went to have a look at it, I didn't bother - we had an argument about it. It wasn't the work needed to bring the place up to snuff I objected to it was the fact it was next door to a Chinese take away and across the road from a chippy. Quote Link to comment Share on other sites More sharing options...
jaynewcastle Posted October 18, 2010 Share Posted October 18, 2010 The location of this one is terrible. A really busy fish'n'chip takeaway just across the road, a busy pub within 50 yds as well & a busy majoy road as well. Hardly a peaceful location. Who'd want to live here ? The asking price is crazy Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 18, 2010 Share Posted October 18, 2010 Who'd want to live here ? It's a good chippy so some one who likes chips perhaps? From what the misses said from her look around, collapsed drain out the back, new kitchen / bathroom / rewire / central heating / windows required and the scaffolding outside to presumably fix the dodgy looking roof, I reckon you could burn through £40k doing it up no bother. The interesting thing about this listing is that the developer has been spooked into marketing it before it's finished. Quote Link to comment Share on other sites More sharing options...
ruthyk Posted November 26, 2010 Share Posted November 26, 2010 Starting to see one or two reasonable drops. This one http://www.rightmove.co.uk/property-for-sale/property-30384734.html Was originally on at £210,000 with a different agent, reduced to £199,00, back up to £205,000 and now down to £160,000. It needs work, but nice location, reasonable size house and the one next door on the market for £229,000 more to follow soon? Quote Link to comment Share on other sites More sharing options...
PhoneyMcRingRing Posted November 28, 2010 Share Posted November 28, 2010 (edited) more to follow soon? I hope so! That's a good reduction, but the asking price seems way too high to me. There have been a few drops here and there as far as I can see, but nothing of any real consequence. I'm a bit down in the dumps about it again. The stand off has legs :-( P Edited November 28, 2010 by PhoneyMcRingRing Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted November 28, 2010 Share Posted November 28, 2010 Just came across this, looks like it's had a good **** wiping and over £70k added to the price. Here's the before pic. Seems it's number 34 bought for £120k at the end of February. I'll be keeping an eye on it And under offer it goes. Who ever these numpties are they are going to need a stonking deposit for the mortgage survey to go through. Quote Link to comment Share on other sites More sharing options...
PhoneyMcRingRing Posted November 28, 2010 Share Posted November 28, 2010 And under offer it goes. :angry: Not surprised though. Just enough ticking over to keep the whole pyramid going. Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted December 15, 2010 Share Posted December 15, 2010 This just popped up in my inbox. It's not the stonking £375k asking price for a 3 bed semi that's interesting or the pathetic 2.5% drop since June it's this bit at the end of the description: KEITH PATTINSON'S WOULD LIKE TO ADVISE ALL PROSPECTIVE PURCHASERS THAT THE VENDOR IS AN EMPLOYEE OF KEITH PATTINSON ESTATE AGENTS. If they can't sell their own houses how are they going to sell anyone elses? Quote Link to comment Share on other sites More sharing options...
ruthyk Posted January 31, 2011 Share Posted January 31, 2011 Actually, i think ive discovered the reason that prices in NE26/ NE25 stay shockingly high. Its low turnover and vulturistic EAs. I was bored this afternoon and trawled through houseprices.com. My street which consists of 109 abodes, shows 63 sales in 11 years. Our 84 year old next door neighbour bought his house in 1959... as did most of the street! Looking at the whole of NE25, turnover is tiny!! It equates to approx 20 sales/month over the last 5 years, which is 1200 homes out of erm....say 10,000? i suspect it's more Most people dont need to sell, and wont need to sell, however bad things get, as at least 90% of those bought in times gone, and if people who bought/sold are anything like us, we downsized massively. And we have another 3 estate agents opening shop, all trying to pitch prices higher. No wonder Whitley Bay has the longest selling time for houses. Average 21 months! Quote Link to comment Share on other sites More sharing options...
aussieboy Posted February 4, 2011 Share Posted February 4, 2011 Actually, i think ive discovered the reason that prices in NE26/ NE25 stay shockingly high. Its low turnover and vulturistic EAs. I was bored this afternoon and trawled through houseprices.com. My street which consists of 109 abodes, shows 63 sales in 11 years. Our 84 year old next door neighbour bought his house in 1959... as did most of the street! Looking at the whole of NE25, turnover is tiny!! It equates to approx 20 sales/month over the last 5 years, which is 1200 homes out of erm....say 10,000? i suspect it's more Most people dont need to sell, and wont need to sell, however bad things get, as at least 90% of those bought in times gone, and if people who bought/sold are anything like us, we downsized massively. And we have another 3 estate agents opening shop, all trying to pitch prices higher. No wonder Whitley Bay has the longest selling time for houses. Average 21 months! Most people move every 10 -15 years so churn of 6-8% would be normal, IIRC. Your street is (63/11) pa = 5 ish pa, 109 houses, 5ish% is low but not extraordinary. Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted March 30, 2011 Share Posted March 30, 2011 Just came across this on the land registry website: We are now at the 2004 level of 220, where will it end up? The bubble life cycle graph would put it back down to take off levels in 2000 at the 100 mark. Quote Link to comment Share on other sites More sharing options...
wired01 Posted April 1, 2011 Share Posted April 1, 2011 Actually, i think ive discovered the reason that prices in NE26/ NE25 stay shockingly high. Its low turnover and vulturistic EAs. I was bored this afternoon and trawled through houseprices.com. My street which consists of 109 abodes, shows 63 sales in 11 years. Our 84 year old next door neighbour bought his house in 1959... as did most of the street! Looking at the whole of NE25, turnover is tiny!! It equates to approx 20 sales/month over the last 5 years, which is 1200 homes out of erm....say 10,000? i suspect it's more Most people dont need to sell, and wont need to sell, however bad things get, as at least 90% of those bought in times gone, and if people who bought/sold are anything like us, we downsized massively. And we have another 3 estate agents opening shop, all trying to pitch prices higher. No wonder Whitley Bay has the longest selling time for houses. Average 21 months! . Quote Link to comment Share on other sites More sharing options...
wired01 Posted April 1, 2011 Share Posted April 1, 2011 . Quote Link to comment Share on other sites More sharing options...
speak2deb Posted May 8, 2011 Share Posted May 8, 2011 . Don't know if one of the newbie estate agents was a place called embleys but my friends just gone with them. He rates them because they didn't try to price match their competitors. They just told him straight what he'd be likely to get in the current market. It was a lower (not lowest) quote, but he thought it was the most honest. Lots of viewings so far! I'll keep you posted. Quote Link to comment Share on other sites More sharing options...
ruthyk Posted June 22, 2011 Share Posted June 22, 2011 How's THIS for "capital growth".. Just come on the market at £425,000 http://www.rightmove.co.uk/property-for-sale/property-30497749.html Last sold price ....£45,000..in 2004 http://www.houseprices.co.uk/e.php?q=the+cottage%2C+st+marys+island&n=10 Admittedly sold price in 2004 seems low, seem to recall it needed renovating..........but erm Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 2, 2011 Share Posted October 2, 2011 Just having a look through rightmove and noticed a load of properties from Cooke and Co have gone under offer today. Don't know if it's a porperty bee glitch or they are planning a double page spead in the local rag with 'Sold - similar properties required' splashed across it but here they are anyway : http://www.rightmove.co.uk/property-for-sale/property-35153042.html http://www.rightmove.co.uk/property-for-sale/property-30769417.html http://www.rightmove.co.uk/property-for-sale/property-34791872.html http://www.rightmove.co.uk/property-for-sale/property-18821064.html?premiumA=true http://www.rightmove.co.uk/property-for-sale/property-19782507.html http://www.rightmove.co.uk/property-for-sale/property-30753085.html?premiumA=true http://www.rightmove.co.uk/property-for-sale/property-18700855.html http://www.rightmove.co.uk/property-for-sale/property-30338209.html http://www.rightmove.co.uk/property-for-sale/property-19819857.html http://www.rightmove.co.uk/property-for-sale/property-29857675.html http://www.rightmove.co.uk/property-for-sale/property-30389032.html http://www.rightmove.co.uk/property-for-sale/property-32793422.html http://www.rightmove.co.uk/property-for-sale/property-27901051.html http://www.rightmove.co.uk/property-for-sale/property-33135887.html http://www.rightmove.co.uk/property-for-sale/property-34589768.html http://www.rightmove.co.uk/property-for-sale/property-19819860.html http://www.rightmove.co.uk/property-for-sale/property-35139350.html http://www.rightmove.co.uk/property-for-sale/property-29028598.html http://www.rightmove.co.uk/property-for-sale/property-19957410.html http://www.rightmove.co.uk/property-for-sale/property-19011840.html http://www.rightmove.co.uk/property-for-sale/property-19835697.html http://www.rightmove.co.uk/property-for-sale/property-34568147.html http://www.rightmove.co.uk/property-for-sale/property-17874927.html http://www.rightmove.co.uk/property-for-sale/property-33399158.html http://www.rightmove.co.uk/property-for-sale/property-30038578.html http://www.rightmove.co.uk/property-for-sale/property-20009884.html http://www.rightmove.co.uk/property-for-sale/property-29857684.html http://www.rightmove.co.uk/property-for-sale/property-34295786.html http://www.rightmove.co.uk/property-for-sale/property-32378750.html http://www.rightmove.co.uk/property-for-sale/property-29991058.html Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 2, 2011 Share Posted October 2, 2011 Just came across this, looks like it's had a good **** wiping and over £70k added to the price. Here's the before pic. Seems it's number 34 bought for £120k at the end of February. I'll be keeping an eye on it Eeek.... sold for £186500 a year later, nearly setting a new ceiling for the street. Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 2, 2011 Share Posted October 2, 2011 Just came across this on the land registry website: We are now at the 2004 level of 220, where will it end up? The bubble life cycle graph would put it back down to take off levels in 2000 at the 100 mark. Looks like it's leveling off round here : Rents are rising, when to jump in and buy? And where is all the money coming from anyway, was the north east not supposed to take a pasting with the great public sector cull that never seemed to materialise? Quote Link to comment Share on other sites More sharing options...
dieseldriven Posted October 9, 2011 Share Posted October 9, 2011 Starting to see one or two reasonable drops. This one http://www.rightmove.co.uk/property-for-sale/property-30384734.html Was originally on at £210,000 with a different agent, reduced to £199,00, back up to £205,000 and now down to £160,000. It needs work, but nice location, reasonable size house and the one next door on the market for £229,000 more to follow soon? And it's back with a cool £77'000 added to the price. Quote Link to comment Share on other sites More sharing options...
ruthyk Posted November 26, 2011 Share Posted November 26, 2011 And it's back with a cool £77'000 added to the price. Try £87k- houseprice.com reveals it sold for £150k......... and it's under offer! *faint* Quote Link to comment Share on other sites More sharing options...
jaynewcastle Posted November 26, 2011 Share Posted November 26, 2011 Not really a surprise, as prices in Monkseaton have held their value in most cases, because its a good location. The only cheaper properties are those that require work, & once its done, they go for good prices Quote Link to comment Share on other sites More sharing options...
Ponomis Posted October 22, 2012 Share Posted October 22, 2012 AAAAAAAAAAAARRRRRRRRRRRRGGGGGGGGHHHHHHH! While I realise now is probably not the best time to buy, it makes sense for my family and I. It's so frustrating trying to find somewhere, sellers seem happy to just let their properties sit on the market forever rather than accept anything other than the asking price, even those who claim to have found somewhere they would like to buy. I'm talking specifically the monkseaton area. The rental market isn't much better. I could have sworn when we were renting 3 years ago there was plenty of choice, but not anymore it seems. Quote Link to comment Share on other sites More sharing options...
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