jersey1501 Posted July 14, 2009 Share Posted July 14, 2009 I am thinking of buying a two bed flat in Birmingham City Centre to use as a base for trade shows at the NEC. As I won't be using it as a permanent home I need something secure and near to New St station if possible. The price swings do look alarming, does anyone have an idea of a specific block or price range I should be paying? I have looked at price sites extensively but there does seem to be some conflicting information! Many Thanks to all in advance for their help! Quote Link to comment Share on other sites More sharing options...
SurgeonGeneral Posted July 19, 2009 Share Posted July 19, 2009 (edited) I am thinking of buying a two bed flat in Birmingham City Centre to use as a base for trade shows at the NEC. As I won't be using it as a permanent home I need something secure and near to New St station if possible. The price swings do look alarming, does anyone have an idea of a specific block or price range I should be paying? I have looked at price sites extensively but there does seem to be some conflicting information!Many Thanks to all in advance for their help! Mate, the level of oversupply is horrific. Prices will halve so you are looking at a 50-100k loss. What is it about renting- and rolling it over on a monthly basis you don't fancy? No risk, and if things get really bad-walk away with all your hard earned cash intact. Please don't do this to yourself and your family. Whole blocks are empty. Offer 500 a month. Nick Edited July 19, 2009 by SurgeonGeneral Quote Link to comment Share on other sites More sharing options...
AteMoose Posted July 20, 2009 Share Posted July 20, 2009 (edited) Median price for a flat in brum is 90k a trough of 60->70k for an average flat? (blue line is median flat prices) http://www.home.co.uk/guides/house_prices_...ngham&all=1 Edited July 20, 2009 by moosetea Quote Link to comment Share on other sites More sharing options...
SurgeonGeneral Posted July 23, 2009 Share Posted July 23, 2009 Median price for a flat in brum is 90k a trough of 60->70k for an average flat? (blue line is median flat prices) http://www.home.co.uk/guides/house_prices_...ngham&all=1 Could be, but it could be lower. I don't think there has ever been such oversupply. Certainly, prices won't recover for 10 to 30 years either. Nick Quote Link to comment Share on other sites More sharing options...
BlueRat Posted August 4, 2009 Share Posted August 4, 2009 Recent Allsop auction: Lot 310 Vacant Flat A Leasehold Self-Contained Purpose Built First Floor Flat Apartment 8, Ludgate Court, 191 Lakes Road, Birmingham, West Midlands B23 7UH Guide Price: £40,000 - £50,000 Result: £52,000 Houseprices.co.uk says: 26/01/2007 £119,500 Flat L Yes Map Apartment 8, 191, Lakes Road, Birmingham, West Midlands, B23 7UH Rest of the results here. Quote Link to comment Share on other sites More sharing options...
SurgeonGeneral Posted November 13, 2009 Share Posted November 13, 2009 Recent Allsop auction: Lot 310 Vacant Flat A Leasehold Self-Contained Purpose Built First Floor Flat Apartment 8, Ludgate Court, 191 Lakes Road, Birmingham, West Midlands B23 7UH Guide Price: £40,000 - £50,000 Result: £52,000 Houseprices.co.uk says: 26/01/2007 £119,500 Flat L Yes Map Apartment 8, 191, Lakes Road, Birmingham, West Midlands, B23 7UH Rest of the results here. Cheers. I'll claim my free prize. What happened to the OP? NIck Quote Link to comment Share on other sites More sharing options...
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