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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!
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#2
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Posted 19 July 2009 - 08:37 PM
jersey1501, on Jul 14 2009, 01:38 AM, said:
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!
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
This post has been edited by SurgeonGeneral: 19 July 2009 - 08:38 PM
#3
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Posted 20 July 2009 - 11:18 PM
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
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
This post has been edited by moosetea: 20 July 2009 - 11:22 PM
I have bought a newish (5 years) house in November 2006. I talked the vendor down 30% off peak 2004 price am am paying less than the 2002 price. I feel prices will continue to drop down to the 2001 price but saving for 5 years hopefully means i wont be stung. The price i am paying isn't much above the price the vendor paid for the place when it was new in 2000. However some idiot is trying to flog an identical house on my road for 55k above the price i paid, one month later!?!?! The housing market is frothy, no-one ever knows what the value of a house is, the value is what someone is willing to pay, make sure you pay alot less than the asking price.
Free to collect, like ebay but you dont pay, you just have to collect
QUOTE (sledgehead)If you make a living from something, you are a professional something: it is your profession. You could bake dog turds and flog them as ornaments. If that's how you make your living, you ARE a professional dog-turd baker. Period
QUOTE (Rolling Stone 13th July 2000)The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
QUOTE (Soon Not a Chain Retailer @ Aug 30 2009, 01:03 AM) Society should provide trampolines not safety nets.
QUOTE (GordonBrown Jan 27 2008 (warning about the coming inflation?))if you don't get the skills you wont get a job
if you get the skills you will earn ALOT of money
Free to collect, like ebay but you dont pay, you just have to collect
QUOTE (sledgehead)If you make a living from something, you are a professional something: it is your profession. You could bake dog turds and flog them as ornaments. If that's how you make your living, you ARE a professional dog-turd baker. Period
QUOTE (Rolling Stone 13th July 2000)The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.
QUOTE (Soon Not a Chain Retailer @ Aug 30 2009, 01:03 AM) Society should provide trampolines not safety nets.
QUOTE (GordonBrown Jan 27 2008 (warning about the coming inflation?))if you don't get the skills you wont get a job
if you get the skills you will earn ALOT of money
#4
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Posted 23 July 2009 - 09:37 PM
moosetea, on Jul 21 2009, 12:18 AM, said:
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
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
#5
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Posted 04 August 2009 - 02:58 PM
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.
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.
#6
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Posted 13 November 2009 - 01:10 AM
BlueRat, on 04 August 2009 - 02:58 PM, said:
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.
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
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