[goatlegs]

Hi!

I curious if anyone on this board had experience with the housing market in Horsham.

Has there been a correct amount of reduction in the asking prices from the Estate Agents there or are they still dreaming?

Are the houses selling within the asking prices?

Would you buy there now?

[CviewUK]

Allsop auction 26/5/2011

Horsham properties.

1 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £197,500
Purchased 31/7/2002 £209,000

6 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £210,000
Purchased 31/7/2002 £227,000


8 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £212,000
Purchased 31/7/2002 £209,000

14 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £200,000
Purchased 30/9/2002 £209,000


http://www.auction.c...sults.asp?A=711

[D179]

CviewUK, on 27 May 2011 - 10:05 AM, said:

Allsop auction 26/5/2011

Horsham properties.

1 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £197,500
Purchased 31/7/2002 £209,000

6 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £210,000
Purchased 31/7/2002 £227,000


8 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £212,000
Purchased 31/7/2002 £209,000

14 Trinity Square
Victoria Street
West Sussex
RH13 5DQ

Sold 26/5/2011 £200,000
Purchased 30/9/2002 £209,000


http://www.auction.c...sults.asp?A=711

This development is not indicative of the woder Horsham market. It has seen some flls recently, i was looking at places there early in the year and prices have slipped since then but it depends on which part you are looking at. I have noticed some of the larger exec houses are slipping too, but IMO the mid level well finished period or decent semis may hold up up slightly better. Nice place Horsham with countryside on your doorstep.

[rentforlife]

Horsham is a very expensive town to buy in. It needs serious development to affect property prices. I rent in Horsham & there is very little available to rent - the demand oustrips supply & house purchases are of similar trait.

That Trinity Square is a poky little development the wrong side of the train tracks to the town centre - you have to go significantly round the houses to get to the town. been monitoring prices since last year & theres not been any reductions in prices. Good property sells for full asking, the bad stuff doesnt until reduced...

[jaggolf]

I know this development quite well as was specifically looking at this area. It's actually very quick into town as you could walk to Carfax in 10 minutes and to the train station in less.
Trinity Square is a quiet cul-de-sac with undercover allocated parking and the houses are 3 bed with seperate dining room and en-suite to main bedroom. A very safe environment off the main road.
The prices quoted above are unrealistic as the properties were repossessions from a greedy landlord who kept borrowing on the equity. They are worth a lot more. They're just in excess of 1,000 sq. feet over 3 floors. Rightmove have these repossessions up for rent at £1150 p/m.

In fact, I'm still looking at this development but want one on the South side. If it came up under £300k then we may be tempted. Good value by comparison in Horsham. £280 per sq. foot is realistic, IMO.