In true thread junkie style... Just one more thread, you know I'm good for it!

A while ago, Catflap put a few links to what the average buyer should be able to get in Norwich - I think it was based on local average wages at a sensible multiple,and houses to match people in those jobs as it were.

With that in mind, I propose a thread with links to properties that we know the address for, or are going to be pretty easy to find the sold price of once they have finally sold.

Then we can all take a shot at how much we think it will finally sell for, and/or how much we'd value the property at in our own world!

Either the thread will sit languishing at the bottom of the list waiting for houses to be sold, or it'll be interesting to see people's perceptions of a fair price for property in the area...

First up, this 4th floor in Normandie Tower, Rouen Road currently on for £99,995 according to NHPs
the last one in the block sold in November 2007 for £90,000. (note: There is also a top floor Normandie tower flat also on sale at the moment, current asking price of £112,950)

I reckon it'll sell for over £80k (I hope it doesn't though!).

How much it should be though is another matter. It's 2 bedrooms, and I think someone on £14kish on their own (a mid to low level office worker), or a couple on about £10k each should be able to afford it. At conventional multiples (3.5 single, or 2.5 double) that makes it £50k+10% deposit = £55,000. I still think that's a bit too much, as there aren't going to be many people that choose to live on Rouen Rd I guess, but that's where I'm looking at things ending up. I suspect I'm being overly ambitious though.

There's a couple on Mornington Road that might be worth keeping track of, and I'll make a note of the open houses in Thursday's property section, and put links to them - it's a bit of a challenge to find properties with definable locations that will be easy to look up in several months time.

Interesting!

My late uncle lived in one of the flats on the 13th floor. Whenever I went with my parents to visit him, I used to be transfixed by the views. However, this was a few years before Riverside was ever developed, so there was a good view of the Boulton & Paul works and the Whitlingham Lane dry ski slope!

The flat on the 15th floor will be nearly impossible (and expensive) to mortgage, so no matter how better the views are or how nice it is inside, it will be hard to sell.

Mornington Road...don't the houses there go for £150k+ being in the Golden Triangle?

I'll have a go with a Victorian terrace in North City (NR3) but its sometimes hard to get what house number they are from the picture.

This studio flat on Woodcock Road has been on the market for absolutely ages! Think it went on for £85k, then £82,495 and now £79,950. Seems like the seller is starting to get desperate, despite the slight reductions in the asking price.

Here's another one - I've put this one up, as it's similar to one Catflap posted a while ago (Probably in spring last year, a house on Lindford Drive)when we had a discussion about what prices should be based on salary multiples.
It's 54 Abinger Way, out in Eaton, and it sold for £149,950 in May 2004

I think it's fairly recent to the market, so we can see how long it takes to sell, and what it goes for in the end.

Edit to say it's currently on for £175k - but it's with Arnolds, and as per posts elsewhere, it's believed that they are a bit toppy when it comes to valuations....

£175k!!! Crikey, only 2 bedrooms! If that was slap bang in Norwich City Centre then it might be worth it but not in Eaton. Sorry! Well I certainly wouldn't buy it at that price £135k is more realistic.

I think £135 would be a fair price for that too - it's a good area, but it's overlooking the golf course directly, with a pathway in between (I had a snoop as I went down Marston Lane) The Father In Law always mutters something about Pigs, Pathways and something else beginning with P when talking about house location, so I guess it should have points knocked off for the pathway too... didn't investigate enough to see where the garage was though - but it's not right next to it like some of the others on the street. (Although maybe there's access through the back garden)

The Normadie Tower, and the Woodcock Road flats are both currently off the market, so we'll have to wait and see - Abinger way is still on, with no reduction - but I guess it's only been a month or so...

Some more were listed in tonights rag, with addresses, as they have open house days, I guess (although some don't - so I'm not sure why they were quite so explicit in their details).

1, St Edmunds Wharf (2 bed appt), current asking price of £239,950 (but Property Bee says it was reduced on 22nd April from £249,950 Linky It last sold for £200k, on 31/01/2003.

6 Grove Dale, Newton Flotman, current asking price of £160,000 OIEO 2 bed bungalow It was only bought in August 2007 - for £170,000, so they're looking at a £10k loss in less than a year.

1 Duverlin Close, Norwich, Current asking price of £219,950 (PB says it was reduced 30/04 from £229,950) 3 bed house It last sold for £193,000 on 14/08/06 - I wouldn't be surprised if it went for about that price again, if someone offered, and they were sensible... (It would only be another 13 ish% off the current asking to be at 2006 price again)

The Old Coach House, Bracondale Millgate (NR1 2EQ) 5 bed detached Current asking price of £375,000, last sold for £335,000 in November 2006. It looks lovely, if a little sparse in a way... But when you think of it's location, and the asking prices of nearby "luxury apartments" it's a bit of a bargain...

It's just a waiting game to see how much they go for - but! What would you pay for them? I reckon 2003 prices for St Edmundsbury is probably fair (although I wonder if they'll get it - things just aren't shifting - but it does have river views), I don't know Newton Flotman well enough to know, but if they get £150k they should probably be delighted (it depends on the availability of bungalows out there- some places they are highly prized...) And Bracondale Millgate, well, my eyes are mistied by the asking prices of the new build flats in the area, but £345k for a central 5 bedder could be a good price, but in a few months it might seem way OTT.