Decided to start a new thread on high end property in Northumberland as I have heard these types of phrasee too often:
"Remember good quality rare homes will never drop in price"
"sellers of valuable homes will just hold on"
"good houses always sell"
NOT.........
http://www.rightmove.co.uk/viewdetails-995...=1&tr_t=buy
A magnificent five bedroomed stone built period property, dating back to circa 1850, yet updated and modernised to an excellent standard by the current owners. With many original features including original working shutters, deep skirting boards and fireplaces, the property is enhanced by many contemporary features such as a good quality modern kitchen, new bathrooms and such attention to detail as chrome sockets and switches. Hardwood double glazed windows. Offering superbly proportioned family accommodation and with lovely gardens and grounds, Grange House is uniquely situated on the Southern periphery of Morpeth with lovely open views in an extremely private location.This is an extremely rare opportunity to acquire such a magnificent family property in the market town of Morpeth, with its excellent local shopping and leisure facilities and road links to Newcastle city centre, the InteHnational Airport and other surrounding areas. Internal inspection is highly recommended.
History
date event
5th Jun 2008
* Price changed: from '£1,000,000' to '£899,950' - Thats a good 10%
18th Apr 2008
* Initial entry found.
DB
Edited as I forgot you cannot see "my" Property Bee !! (How great is property Bee !!?)
Full Version: Expensive Property (£500k >) In Northumberland
Boo boo: Surely this thread can't exist?
Park Ranger: No, surely not!
Park Ranger: No, surely not!
We're currently looking in the Ponteland area so would be keen to see what people think will happen to properties here that are priced around 450,000 and lower.
QUOTE (scotsgirl @ Jun 7 2008, 01:02 PM) 
We're currently looking in the Ponteland area so would be keen to see what people think will happen to properties here that are priced around 450,000 and lower.
If you wait for a few more months you may get this one for £450,000... I have extrapolated the trend and predict the 2nd tuesday in december it will be £449,995
http://www.propertysnake.co.uk/site/detail/9791551
TALK ABOUT CHASING THE MARKET DOWN !!!
For more details here is Rughtmove info:
get nice history with property snake but you get to see the lovely decor with RM...sadly the history is not so good....cheeky delisting bugeers
http://www.rightmove.co.uk/viewdetails-102...26&tr_t=buy
10th Jun 2008
* Price changed: from '£895,000' to '£795,000'
19th May 2008
* Brief Description changed: Price Reduced - Positioned down a quiet lane leading to three properties is this detached newly built residence, which must be viewed to be fully appreciated
* Price changed: from '£995,000' to '£895,000'
21st Apr 2008
* Initial entry found.
db
I do enjoy the occasional jaunt round Ponteland property pages, though OH's opinion on living in Darras would offend many - including some of our friends! So it's unadulterated window shopping, when I see that you can still get advertisements like:
4-bedroomed bungalow
where they list 550K for a bungalow that they expect you knock down!
"****DEVELOPMENT OPPORTUNITY**** AN OPPORTUNITY HAS ARISEN TO ACQUIRE A RARE TO THE MARKET PLOT WITH THE BENEFIT OF NOT BEING OVERLOOKED TO THE FRONT OR REAR. THE CIRCA 0.39 ACRE MATURE SITE HAS FULL PLANNING PERMISSION AND IS READY TO BUILD. THE EXISTING PROPERTY IS SPACIOUS AND BRIEFLY COMPRISES: ENTRANCE HALLWAY, LOUNGE, KITCHEN, BRIGHT AND SPACIOUS CONSERVATORY, DINING ROOM, TWO BEDROOMS AND A BATHROOM TO THE LOWER FLOOR, WITH A FURTHER TWO BEDROOMS AND BATHROOM TO THE UPPER FLOOR. THIS PROPERTY MUST BE SEEN TO BE APPRECIATED FULLY.
I keep thinking, they mean, "when you have seen this property, you will realise why you will want to build something else."
Apologies for the caps - they are, of course, the EA's. Why are EAs so slow to realise that Caps are difficult to read anywhere, and very difficult to read on the screen? Rather like that thing on the telly where the man SHOUTS all the way through about his wretched cleaning product.
db
4-bedroomed bungalow
where they list 550K for a bungalow that they expect you knock down!
"****DEVELOPMENT OPPORTUNITY**** AN OPPORTUNITY HAS ARISEN TO ACQUIRE A RARE TO THE MARKET PLOT WITH THE BENEFIT OF NOT BEING OVERLOOKED TO THE FRONT OR REAR. THE CIRCA 0.39 ACRE MATURE SITE HAS FULL PLANNING PERMISSION AND IS READY TO BUILD. THE EXISTING PROPERTY IS SPACIOUS AND BRIEFLY COMPRISES: ENTRANCE HALLWAY, LOUNGE, KITCHEN, BRIGHT AND SPACIOUS CONSERVATORY, DINING ROOM, TWO BEDROOMS AND A BATHROOM TO THE LOWER FLOOR, WITH A FURTHER TWO BEDROOMS AND BATHROOM TO THE UPPER FLOOR. THIS PROPERTY MUST BE SEEN TO BE APPRECIATED FULLY.
I keep thinking, they mean, "when you have seen this property, you will realise why you will want to build something else."
Apologies for the caps - they are, of course, the EA's. Why are EAs so slow to realise that Caps are difficult to read anywhere, and very difficult to read on the screen? Rather like that thing on the telly where the man SHOUTS all the way through about his wretched cleaning product.
db
I post occasionally on here & would probably be described as 'property developing scum' having developed over 20 houses in Darras Hall over the last 6 or 7 years, my last being sold in Feb this year. During the time I have got to know all the estate agents and the market fairly well. Darras is a real mix from those who have bought property in cash (we are talking in excess of £2m in one case) to those whos personal gearing has been absolutely ludicrous, but a large proportion are small to medium business owners.
With regards to purchasing around the £450k mark, I would not be shy to offer what you may think as stupid offers. With liquidity being at such a low level, it is the top of the market that I now believe will see some of the biggest falls (along with the over supply of rabbit hutches in the city centre). One example is at the bottom of the Darras market, BE have just had accepted an offer of £220k on a 3 bed 1/4 acre property on Whinfell Rd, this was marketed at £450k just a couple on months ago. Another below £300k is a 4 bed 3 bath on Edge Hill that Pattinsons have in the auction, however the information I am getting is that £250k will be nearer the mark.
With the slide in sterling (all those goodies from the Far East are now 30% more expensive) I can only see the situation getting worse. I would hang on a bit longer before jumping into property again if you can, at least until the unemployment levels have risen by a million or two. You often hear people moan 'how much £200k! it might as well be £2m' in the next year or so it might be '£2m it might as well e £200k'
But if youve got to live somewhere & buy now, I cant think of anywhere much better than Darras, just dont be afraid to offer really low.
With regards to purchasing around the £450k mark, I would not be shy to offer what you may think as stupid offers. With liquidity being at such a low level, it is the top of the market that I now believe will see some of the biggest falls (along with the over supply of rabbit hutches in the city centre). One example is at the bottom of the Darras market, BE have just had accepted an offer of £220k on a 3 bed 1/4 acre property on Whinfell Rd, this was marketed at £450k just a couple on months ago. Another below £300k is a 4 bed 3 bath on Edge Hill that Pattinsons have in the auction, however the information I am getting is that £250k will be nearer the mark.
With the slide in sterling (all those goodies from the Far East are now 30% more expensive) I can only see the situation getting worse. I would hang on a bit longer before jumping into property again if you can, at least until the unemployment levels have risen by a million or two. You often hear people moan 'how much £200k! it might as well be £2m' in the next year or so it might be '£2m it might as well e £200k'
But if youve got to live somewhere & buy now, I cant think of anywhere much better than Darras, just dont be afraid to offer really low.
QUOTE (deeplyblue @ Oct 29 2008, 02:40 AM)
I do enjoy the occasional jaunt round Ponteland property pages, though OH's opinion on living in Darras would offend many - including some of our friends! So it's unadulterated window shopping, when I see that you can still get advertisements like:
4-bedroomed bungalow
where they list 550K for a bungalow that they expect you knock down!
"****DEVELOPMENT OPPORTUNITY**** AN OPPORTUNITY HAS ARISEN TO ACQUIRE A RARE TO THE MARKET PLOT WITH THE BENEFIT OF NOT BEING OVERLOOKED TO THE FRONT OR REAR. THE CIRCA 0.39 ACRE MATURE SITE HAS FULL PLANNING PERMISSION AND IS READY TO BUILD. THE EXISTING PROPERTY IS SPACIOUS AND BRIEFLY COMPRISES: ENTRANCE HALLWAY, LOUNGE, KITCHEN, BRIGHT AND SPACIOUS CONSERVATORY, DINING ROOM, TWO BEDROOMS AND A BATHROOM TO THE LOWER FLOOR, WITH A FURTHER TWO BEDROOMS AND BATHROOM TO THE UPPER FLOOR. THIS PROPERTY MUST BE SEEN TO BE APPRECIATED FULLY.
I keep thinking, they mean, "when you have seen this property, you will realise why you will want to build something else."
Apologies for the caps - they are, of course, the EA's. Why are EAs so slow to realise that Caps are difficult to read anywhere, and very difficult to read on the screen? Rather like that thing on the telly where the man SHOUTS all the way through about his wretched cleaning product.
db
4-bedroomed bungalow
where they list 550K for a bungalow that they expect you knock down!
"****DEVELOPMENT OPPORTUNITY**** AN OPPORTUNITY HAS ARISEN TO ACQUIRE A RARE TO THE MARKET PLOT WITH THE BENEFIT OF NOT BEING OVERLOOKED TO THE FRONT OR REAR. THE CIRCA 0.39 ACRE MATURE SITE HAS FULL PLANNING PERMISSION AND IS READY TO BUILD. THE EXISTING PROPERTY IS SPACIOUS AND BRIEFLY COMPRISES: ENTRANCE HALLWAY, LOUNGE, KITCHEN, BRIGHT AND SPACIOUS CONSERVATORY, DINING ROOM, TWO BEDROOMS AND A BATHROOM TO THE LOWER FLOOR, WITH A FURTHER TWO BEDROOMS AND BATHROOM TO THE UPPER FLOOR. THIS PROPERTY MUST BE SEEN TO BE APPRECIATED FULLY.
I keep thinking, they mean, "when you have seen this property, you will realise why you will want to build something else."
Apologies for the caps - they are, of course, the EA's. Why are EAs so slow to realise that Caps are difficult to read anywhere, and very difficult to read on the screen? Rather like that thing on the telly where the man SHOUTS all the way through about his wretched cleaning product.
db
For the last few years at least 75% of properties on larger darras sites (0.4 acre & over ) have been worth -£5k (now thats a proper price fall!), it is simply the land that has a value. This has been true of virtually all property over 10 years old. The vast majority of these houses never even had a viewing.
QUOTE (cerbera @ Oct 31 2008, 01:43 PM)
For the last few years at least 75% of properties on larger darras sites (0.4 acre & over ) have been worth -£5k (now thats a proper price fall!), it is simply the land that has a value. This has been true of virtually all property over 10 years old. The vast majority of these houses never even had a viewing.
Do you really mean 5K and not 500K?
Okay, this is just pure curiosity, how much does it cost, once you've acquired one of these plots of land to build a real Darras Hall house- say 3 recep, 4 bed, 3 bathroom and a nice big kitchen?
db
QUOTE (deeplyblue @ Nov 2 2008, 06:32 AM)
Do you really mean 5K and not 500K?
Okay, this is just pure curiosity, how much does it cost, once you've acquired one of these plots of land to build a real Darras Hall house- say 3 recep, 4 bed, 3 bathroom and a nice big kitchen?
db
Okay, this is just pure curiosity, how much does it cost, once you've acquired one of these plots of land to build a real Darras Hall house- say 3 recep, 4 bed, 3 bathroom and a nice big kitchen?
db
I mean minus £5k (this is the cost of removing the current house!). Really difficult to cost without plans & of course depends on contacts & quantity/regularity of material/labour. I take it this would be a house that you would live in & you have no connections to building trade or ability to self build - allow yourself at least £200k for the build. However one persons idea of a nice big kitchen is £10k another persons is £60k. This could all change in the next few months, weakness of sterling materials soar, lack of work labour costs fall.......who knows!
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