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#1 Olivier

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Posted 08 October 2008 - 01:09 PM

Just found out on rightm*ve that the terraced house in front of us has been put on the market.

West Reading, nice and quiet mews estate built in 2006, 3 bedrooms with a decent garden.

Sell price in Jan-07 - £272k
Ask price in Sep-08 - £268k

According to my "rent vs buy" excel worksheet, if they manage to get the asked price, they will be £18k worse than if they had rented (90% mortgage assumption) or £19k worse than if they had rented (100% mortgage assumption).

I reckon it might sell around £210k. (in that case, they would be about £80k worse than having rented the same property)

I think I'll keep on renting for one more year...
A house is not an investment, it's a place to live in.

#2 ReadingRabbit

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Posted 16 October 2008 - 01:46 PM

For 268K you can buy a 4 bed detached house in earley/lower earley/winnersh area. I hope you have property-bee installed?

Just found out on rightm*ve that the terraced house in front of us has been put on the market.

West Reading, nice and quiet mews estate built in 2006, 3 bedrooms with a decent garden.

Sell price in Jan-07 - £272k
Ask price in Sep-08 - £268k

According to my "rent vs buy" excel worksheet, if they manage to get the asked price, they will be £18k worse than if they had rented (90% mortgage assumption) or £19k worse than if they had rented (100% mortgage assumption).

I reckon it might sell around £210k. (in that case, they would be about £80k worse than having rented the same property)

I think I'll keep on renting for one more year...



#3 Popette

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Posted 19 October 2008 - 03:43 PM

We've just sold (fingers crossed everything fine, completing in a few days) a 2 bedroom terrace in a street in south reading full of noisy students and dead mice for 210K, asking price in April 215K.

I reckon we've been lucky.

#4 jonb

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Posted 31 October 2008 - 01:57 PM

http://www.auction.c...e...amp;S=L&O=A
Or if the link doesn't work, go to lot 198.

Three bedroom + cellar terraced house in Mount Pleasant, very close to the town centre, went for £100,000. My target price for an average terraced house in Reading is £91k. This is getting quite close now.

#5 JonoP

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Posted 31 October 2008 - 02:17 PM

http://www.auction.c...e...amp;S=L&O=A
Or if the link doesn't work, go to lot 198.

Three bedroom + cellar terraced house in Mount Pleasant, very close to the town centre, went for £100,000. My target price for an average terraced house in Reading is £91k. This is getting quite close now.


Yikes, in July 2007 I talked my GFs mate out of buying a house on Mount Pleasent. The slimey spiv EA (Atlantis) reckoned that it was a steal at £199K.........

#6 jonb

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Posted 31 October 2008 - 02:24 PM

Yikes, in July 2007 I talked my GFs mate out of buying a house on Mount Pleasent. The slimey spiv EA (Atlantis) reckoned that it was a steal at £199K.........


These people bought it in 2003 for £107k. I guess that means a lot of people in -ve equity now if the last 5 years of price increases have been reversed.

#7 Dead Spider

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Posted 01 November 2008 - 01:10 PM

Did you notice that penthouse flat near to Tesco's sold at the same auction .

Lot 31 / 141 Luscinia View, Napier Road, Berkshire RG1 8AF , sold for £292,500
http://www.auction.c...e...amp;S=L&O=A

Last sold 28/04/06 for £550,000
http://www.housepric...L...1 8AF&n=100

Only a £257,500 loss !!!!

#8 jonb

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Posted 01 November 2008 - 07:10 PM

Did you notice that penthouse flat near to Tesco's sold at the same auction .

Lot 31 / 141 Luscinia View, Napier Road, Berkshire RG1 8AF , sold for £292,500
http://www.auction.c...e...amp;S=L&O=A

Last sold 28/04/06 for £550,000
http://www.housepric...L...1 8AF&n=100

Only a £257,500 loss !!!!


I saw that one. I thought it was still too expensive. Given the choice between that and the house in Mount Pleasant at the same price, I'd go for the Mount Pleasant house. I certainly wouldn't pay an extra £192,500 to be next door to Tesco.

I hadn't realised it had gone down in price so much though. £550k is just silly money.

#9 Dead Spider

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Posted 09 November 2008 - 12:58 PM

I saw that one. I thought it was still too expensive. Given the choice between that and the house in Mount Pleasant at the same price, I'd go for the Mount Pleasant house. I certainly wouldn't pay an extra £192,500 to be next door to Tesco.

I hadn't realised it had gone down in price so much though. £550k is just silly money.



There's an auction tomorrow at http://www.barnardma...nt_Auction.html .
Look at lot 194 , 214 Gosbrook Road, Caversham, Reading, Berkshire, RG4 estimated £120,000 .

This is a repo which last sold for £220,000 on 02/02/06 .
http://www.housepric.....ad, Caversham

Should be interesting .

#10 jonb

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Posted 09 November 2008 - 02:58 PM

There's an auction tomorrow at http://www.barnardma...nt_Auction.html .
Look at lot 194 , 214 Gosbrook Road, Caversham, Reading, Berkshire, RG4 estimated £120,000 .

This is a repo which last sold for £220,000 on 02/02/06 .
http://www.housepric.....ad, Caversham

Should be interesting .


The Property Bee history for this one is quite interesting
http://www.rightmove...p;mam_disp=true

Tue Nov 4 08:56:23 2008

* Status changed: from 'Sold STC' to 'Available' [Found by readingrabbit]

Thu Oct 30 19:58:59 2008

* Brief Description changed: A spacious character terrace home situated in this popular residential location within good access of Reading town centre and mainline station. Available for sale by Auction via Barnard Marcus (Auctioneers), Commercial House 64/66 Glenthorne Road, Hammersmith W6 0LR. On Monday 10th November [Found by whowhatme]
* Price changed: from '£190,000' to 'Guide Price £120,000' [Found by whowhatme]

Sun Oct 19 16:49:31 2008

* Status changed: from 'Available' to 'Sold STC' [Found by whowhatme]

Fri Jun 6 17:32:38 2008

* Price changed: from '£199,000' to '£190,000' [Found by Frank Mason]

Thu May 22 08:09:54 2008

* Price changed: from '£209,950' to '£199,000' [Found by bpotter]

Thu Apr 24 11:14:10 2008

* Initial entry found. [Found by whowhatme]

#11 Dead Spider

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Posted 09 November 2008 - 03:24 PM

The Property Bee history for this one is quite interesting


Must be some worried people around there .

Look at this one which is close by .

Guide price at auction £140,000
http://www.rightmove...p;mam_disp=true

Nextdoor trying to sell for £199,950
http://www.rightmove...p;mam_disp=true




Just noticed .
Have a look at the two EPC graphs at the bottom of each page .
How can one house be so different from it's neighbour ?

#12 TeddyBear

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Posted 09 November 2008 - 03:32 PM

Just noticed .
Have a look at the two EPC graphs at the bottom of each page .
How can one house be so different from it's neighbour ?


More modern, more efficient boiler?
Double glazing?
Loft insulation?

just guesses...
LONDON, April 5, 2004 – The Rt Hon Gordon Brown, MP, Chancellor of the Exchequer, today officially opened Lehman Brothers’ new European headquarters building at 25 Bank Street, Canary Wharf, London.

Commenting on the event, the Rt Hon Gordon Brown, MP, Chancellor of the Exchequer, said: “I would like to pay tribute to the contribution you and your company make to the prosperity of Britain. During its one hundred and fifty year history, Lehman Brothers has always been an innovator, financing new ideas and inventions before many others even began to realise their potential. And it is part of the greatness not just of Lehman Brothers but of the City of London, that as the world economy has opened up, you have succeeded not by sheltering your share of a small protected national market but always by striving for a greater and greater share of the growing global market.”

#13 jonb

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Posted 09 November 2008 - 03:33 PM

Must be some worried people around there .

Look at this one which is close by .

Guide price at auction £140,000
http://www.rightmove...p;mam_disp=true

Nextdoor trying to sell for £199,950
http://www.rightmove...p;mam_disp=true




Just noticed .
Have a look at the two EPC graphs at the bottom of each page .
How can one house be so different from it's neighbour ?


The neighbour has double glazing. I guess that must make a big difference to the EPC rating.

#14 Dead Spider

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Posted 09 November 2008 - 03:47 PM

The neighbour has double glazing. I guess that must make a big difference to the EPC rating.


I didn't realise dglazing made such a huge difference , never having lived in a house with dglazing .
I always used heavy curtains :-)

Strange how the "potential" for both houses are different yet they are both living up to their best individual potential's .

Probably just an EA mishktake .

#15 jonb

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Posted 09 November 2008 - 04:04 PM

I didn't realise dglazing made such a huge difference , never having lived in a house with dglazing .
I always used heavy curtains :-)

Strange how the "potential" for both houses are different yet they are both living up to their best individual potential's .

Probably just an EA mishktake .


Believe me, it does. I moved from a place without double glazing to a similar place nearby with double glazing, and my heating bill fell from £400 per year to about £12.




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