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Sub £100,000 Norwich Terrace Almost Here

138 posts in this topic

[quote name='DementedTuna' post='1735828' date='Mar 12 2009, 07:45 PM']This one's neat, 3 bedrooms golden triangle with £65k guide price, will be interesting to see what it goes for at auction.

[url="http://www.rightmove.co.uk/property-for-sale/property-24984065.html?locationIdentifier=REGION^1018&sortByPriceDescending=false&minBedrooms=3&maxBedrooms=3&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E1018%26sortByPriceDescending%3Dfalse%26minBedrooms%3D3%26maxBedrooms%3D3"]http://www.rightmove.co.uk/property-for-sa...maxBedrooms%3D3[/url][/quote]

Spotted that one earlier today. Lowest Guide Price for a house in the Golden Triangle I've seen for many years.

Looks OK on the outside but I bet it still needs a lot of work doing to it.

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[quote name='DementedTuna' post='1735828' date='Mar 12 2009, 07:45 PM']This one's neat, 3 bedrooms golden triangle with £65k guide price, will be interesting to see what it goes for at auction.

[url="http://www.rightmove.co.uk/property-for-sale/property-24984065.html?locationIdentifier=REGION^1018&sortByPriceDescending=false&minBedrooms=3&maxBedrooms=3&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E1018%26sortByPriceDescending%3Dfalse%26minBedrooms%3D3%26maxBedrooms%3D3"]http://www.rightmove.co.uk/property-for-sa...maxBedrooms%3D3[/url][/quote]

Sweet - guide price is £65,000 to £85,000 which seems a bit low for a property in the GT at this point in the crash, so I think it will easily go for £100k. Probably the low guide is to stir up some interest and get as many people to the auction as possible to bid up the price - anyone know which aution house is selling this and when?

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£100,000 bay window terrace just on the egde of the golden triangle - I don't think it will be long before we see prices like this [u]within[/u] the GT.

[url="http://www.rightmove.co.uk/property-for-sale/property-24954707.html?locationIdentifier=REGION%5E1018&minBedrooms=2&maxPrice=110000&displayPropertyType=houses&oldDisplayPropertyType=houses&pageNumber=3&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E1018%26minBedrooms%3D2%26maxPrice%3D110000%26displayPropertyType%3Dhouses%26oldDisplayPropertyType%3Dhouses%26index%3D20"]http://www.rightmove.co.uk/property-for-sa...es%26index%3D20[/url]

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Not sure what's going on with this one, it was for sale several weeks back, on the market for a few days then 'sold', but back on last week at the same price and now 'sold stc' on RM and 'under offer' on Abbotts site.

[url="http://alandemaid.co.uk/content/006_Results/002_Property/property-sales-abnrps-NUN080123-1238415554"]http://alandemaid.co.uk/content/006_Result...0123-1238415554[/url]

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[quote name='dispossessed' post='1779489' date='Mar 31 2009, 12:57 PM']Not sure what's going on with this one, it was for sale several weeks back, on the market for a few days then 'sold', but back on last week at the same price and now 'sold stc' on RM and 'under offer' on Abbotts site.

[url="http://alandemaid.co.uk/content/006_Results/002_Property/property-sales-abnrps-NUN080123-1238415554"]http://alandemaid.co.uk/content/006_Result...0123-1238415554[/url][/quote]

Still showing as £105,000 and under offer - good price for the GT, but what will properties like this be going for in 2010 and 2011 I wonder. Every reason to sit tight a little longer as the supply of property at realistic prices gets bigger.

Does this sound cheap?

[url="http://www.rightmove.co.uk/property-for-sale/property-22051030.html?locationIdentifier=REGION%5E1018&minBedrooms=2&maxPrice=100000&displayPropertyType=houses&oldDisplayPropertyType=houses&pageNumber=2&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E1018%26minBedrooms%3D2%26maxPrice%3D100000%26displayPropertyType%3Dhouses%26oldDisplayPropertyType%3Dhouses%26index%3D10"]http://www.rightmove.co.uk/property-for-sa...es%26index%3D10[/url]

OK, it's another auction property needing complete refurbishment but the point is that seeing these kinds of prices now makes me feel more optimistic about the next few years despite how crap the economy is likely to get. Having seen the bubble highs of 2007 where £100k got you a studio slave box sh*thole, £100k today is likely to get you something you can call a home including a garden - a place where you could entertain friends and family, have space for all your collected junk, a private place to sit outside and enjoy the birds singing or have a cigarette, a place where you could have a cat or a dog if you wanted.

The nightmare of being priced out of home is coming to an end - psychologically that is good.

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The Stacey Rd property seems temptingly affordable but I fear at that guide price, it will need about £20-30k spending on it to get it habitable. Even the EA's description hints at a sense of 'buyer beware'.

There's another auction property close by. IIRC, its 87 Rosebery Rd (St Clements Hill end) with a guide price of £85k.

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[quote name='DementedTuna' post='1669650' date='Feb 16 2009, 12:41 AM']Not bad.. just wondering.. what does everyone think of Lakenham as an area? From what I've heard it's alright as long you're north of the cricket ground, but I've never had a reason to check the place out in person.[/quote]

When you posted this, I started to reply, decided I was probably talking out of my behind, and not saying anything useful (no change there...) and so didn't bother...

I'm wondering the same thing. There are more and more properties that I find myself clicking on to have a look at that seem to be Grove Rd/Walk/Ave, Brian/Trafford Rd, and others in the area boundaried by Hall Rd, Queens Rd, and Ipwsich/Newmarket Rd. I think I'd always considered Lakenham as what is officially kown as Tuckswood - the area bound by Ipswich Rd/Hall Road and Daniels Rd, and I don't have much knowledge of actual Lakenham per se - apart from the fact that there's a little place that makes ice cream in there somewhere...

DT, have you done any more research, and come to any conclusions? Does anyone else have insider knowledge of the area that they could share?

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[quote name='waitingandsaving' post='2034643' date='Jul 26 2009, 03:06 PM']I'm wondering the same thing. There are more and more properties that I find myself clicking on to have a look at that seem to be Grove Rd/Walk/Ave, Brian/Trafford Rd, and others in the area boundaried by Hall Rd, Queens Rd, and Ipwsich/Newmarket Rd. I think I'd always considered Lakenham as what is officially kown as Tuckswood - the area bound by Ipswich Rd/Hall Road and Daniels Rd, and I don't have much knowledge of actual Lakenham per se - apart from the fact that there's a little place that makes ice cream in there somewhere...

DT, have you done any more research, and come to any conclusions? Does anyone else have insider knowledge of the area that they could share?[/quote]

Yes, the Trafford Rd/Grove Walk/Cecil Rd area is OK in my opinion. Lots of 1930s art deco style houses and flats. Properties in this patch rarely seem to come onto the market and when they do, they command a premium. Almost feels like the suburbs but just outside of the city centre. :)

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[quote name='MattW' post='2034981' date='Jul 26 2009, 07:13 PM']Yes, the Trafford Rd/Grove Walk/Cecil Rd area is OK in my opinion. Lots of 1930s art deco style houses and flats. Properties in this patch rarely seem to come onto the market and when they do, they command a premium. Almost feels like the suburbs but just outside of the city centre. :)[/quote]

Yes, it's a very nice area. I know someone who lives there and he loves it. Very quiet and with decent neighbours. Also, the Trafford Arms is nearby. Has been voted the top pub in Norwich several times IIRC.

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[quote name='MattW' post='1668517' date='Feb 15 2009, 03:42 PM']Looks like a nice little road to live on. B) It seems relatively hidden away from City Rd - very pleasant. :)
I see from the Virtual Earth' pics that there are some garages there for some of the houses - otherwise parking is certainly an issue for those of us who own horseless carriages.[/quote]

My brother lived there. Very nice area, far enough away from any potential problems in the rest of Lakenham. They could be redeveloping the cricket ground which some of the houses back onto, so if they are all social housing... :rolleyes:

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Renovated terraced house for sale:

[url="http://www.rightmove.co.uk/property-for-sale/property-17342331.html"]Bull Close Rd, Guide Price £99,995 - £109,995[/url]
[img]http://media.rightmove.co.uk/69k/68086/17342331/68086_4756456456456456_IMG_07_0000_max_620x414.jpg[/img]

Nice little house, was on for c.£115k. Recently. I think this house, and the one next door, were previously council houses but due to the cost to Norwich City Council to bring them up to standard, they were sold in auction. I believe that the two houses sold for around £75k.

Can't see any propective buyer wanting to pay more than £99,995 for it though. The lack of parking outside puts me off.

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That one looks alright, I used to live a few doors down from it. Nice enough place as long as you understand "if it gets left in your garden, it's getting nicked".

My landlord was a slimy maths teacher that lost his job about a year ago for having sex with a few too many 16 year olds. Got a couple of them pregnant too.

Now, not saying that *all* landlords are bad... but you gotta admit, that's a pretty killer anecdotal. :P

He owned a few terraces on that road, if I recall. Wonder if he owns that one, too... Edited by DementedTuna

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Not a terraced house per se but this 'doer upper' in North Norwich caught my eye. Not in a great area tbh but it is a fairly large 4 bedroomed house with a massive back garden for a five figure sum. (GP: £85 - 100k)

I think this 4 bedroomed house is perhaps leasehold or maybe flying freehold as the upstairs extends above the property immediately to the right. In fact, the property to the right is a ground floor flat. Bit of an unusual design.

[img]http://media.rightmove.co.uk/12k/11412/34848374/11412_0185_HRT018505404_IMG_11_0000_max_620x414.JPG[/img]

[url="http://www.rightmove.co.uk/property-for-sale/property-34848374.html"]4 bed ex-LA house GP £85-100k[/url]

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