46 Foston Grove, Hull, HU9 5UX Guide Price £15,000 2 bedroom semi-detached
* FREEHOLD
* FULL VACANT POSSESSION
* BY ORDER OF THE MORTGAGEES IN POSSESSION
* OUTSIDE: REAR GARDEN
http://www.rightmove.co.uk/viewdetails-216...=1&tr_t=buy
Seems cheap to me. Even a BTL could make money on this one.
Full Version: £15,000!?! Where Do Prices Go From Here?
For sale buy auction, I guess it'll go for quite a bit more (double-probably treble), then again the market really has frozen for now so might be a good time to pick up a bargain!! Plus it may need alot of work doing inside to bring it up to a habitable standard.
QUOTE (cafu_111 @ Jun 15 2008, 11:35 PM) 
For sale buy auction, I guess it'll go for quite a bit more (double-probably treble), then again the market really has frozen for now so might be a good time to pick up a bargain!! Plus it may need alot of work doing inside to bring it up to a habitable standard.
you're probably right about that, it may well go for 2 or 3 times the guide price. i'd assume money
would have to be spent to refurbish anyway - a lot of properties that wind up at auction are pretty yucky.
it's an unusual precedent though, don't think i've seen anything that low.
QUOTE (darwin @ Jun 14 2008, 07:35 PM)
46 Foston Grove, Hull, HU9 5UX Guide Price £15,000 2 bedroom semi-detached
* FREEHOLD
* FULL VACANT POSSESSION
* BY ORDER OF THE MORTGAGEES IN POSSESSION
* OUTSIDE: REAR GARDEN
http://www.rightmove.co.uk/viewdetails-216...=1&tr_t=buy
Seems cheap to me. Even a BTL could make money on this one.
* FREEHOLD
* FULL VACANT POSSESSION
* BY ORDER OF THE MORTGAGEES IN POSSESSION
* OUTSIDE: REAR GARDEN
http://www.rightmove.co.uk/viewdetails-216...=1&tr_t=buy
Seems cheap to me. Even a BTL could make money on this one.
RESULT :
QUOTE (M21er @ Jun 24 2008, 04:14 PM)
Lot 277 ( Guide Price: 15000 ) From: Barnard Marcus Auction 10:00AM, Tuesday 24 June 2008
Vendor: AMG
Address: 46 Foston Grove, Hull, North Humberside, HU9
The description from the Barnard Marcus website is: Freehold Semi-Detached House Two Floor Three Room(s) Garden Vacant. © Barnard Marcus Auctions
Map: No Map Data for this property
Last Sold Price: No data found for this property - Click here to search
Auction Result: Sold for £28,000
It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.
M21er
Any inaccuracies, errors or suggestions for improvements to the reports, please PM me
View this auction Live
Vendor: AMG
Address: 46 Foston Grove, Hull, North Humberside, HU9
The description from the Barnard Marcus website is: Freehold Semi-Detached House Two Floor Three Room(s) Garden Vacant. © Barnard Marcus Auctions
Map: No Map Data for this property
Last Sold Price: No data found for this property - Click here to search
Auction Result: Sold for £28,000
It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.
M21er
Any inaccuracies, errors or suggestions for improvements to the reports, please PM me
View this auction Live
QUOTE (darwin @ Jun 24 2008, 04:23 PM)
RESULT :
still seems to me very cheap.
This one's turned up again. Looks like they're trying to be property developers: link
I reckon they've missed the boat trying to do up & sell. Price paid was £28,000 - a rental to dss tenants was surely a no-brainer?
46 Foston Grove, Hull, HU9 5UX £54,950 2 bedroom semi-detached
Key features:
Semi detached property
Newly undergone improvements
Situated in east Hull
Entrance hall to lounge
Newly fitted kitchen diner
Two good sized bedrooms
Family bathroom
uPVC double glazing
Front and good size rear gardens
Offered with no chain
Tenure:
Freehold
Full description:
This really affordable home offers the opportunity to step onto the property ladder for the first time buyer or an equally attractive proposition for the buy to let market.
There is a canopy porch to the entrance hall off which is the lounge with double glazed window to the front and a gas fire.
A kitchen diner with a newly fitted range of floor and wall units together with a gas hob and electric oven, great size understair cupboard and final exit door to the side complete the ground floor.
The newly carpeted stairs lead to the first floor landing off which there are two good sized bedrooms and a family bathroom.
To the front is an enclosed garden mainly laid to lawn and there is pedestrian access to the good sized rear garden.
Early viewing is to be encouraged to avoid disappointment.
Measurements:
Entrance hall
Lounge: 13' 9" x 11' 10"
Kitchen/diner: 15' 3" x 8' 10"
Bedroom 1: 12' 11" x 12'
Bedroom 2: 9' 9" x 9' 4"
Bathroom
AUCTION RESULT :
I reckon they've missed the boat trying to do up & sell. Price paid was £28,000 - a rental to dss tenants was surely a no-brainer?
QUOTE
46 Foston Grove, Hull, HU9 5UX £54,950 2 bedroom semi-detached
Key features:
Semi detached property
Newly undergone improvements
Situated in east Hull
Entrance hall to lounge
Newly fitted kitchen diner
Two good sized bedrooms
Family bathroom
uPVC double glazing
Front and good size rear gardens
Offered with no chain
Tenure:
Freehold
Full description:
This really affordable home offers the opportunity to step onto the property ladder for the first time buyer or an equally attractive proposition for the buy to let market.
There is a canopy porch to the entrance hall off which is the lounge with double glazed window to the front and a gas fire.
A kitchen diner with a newly fitted range of floor and wall units together with a gas hob and electric oven, great size understair cupboard and final exit door to the side complete the ground floor.
The newly carpeted stairs lead to the first floor landing off which there are two good sized bedrooms and a family bathroom.
To the front is an enclosed garden mainly laid to lawn and there is pedestrian access to the good sized rear garden.
Early viewing is to be encouraged to avoid disappointment.
Measurements:
Entrance hall
Lounge: 13' 9" x 11' 10"
Kitchen/diner: 15' 3" x 8' 10"
Bedroom 1: 12' 11" x 12'
Bedroom 2: 9' 9" x 9' 4"
Bathroom
AUCTION RESULT :
QUOTE (M21er @ Jun 24 2008, 04:14 PM)
Lot 277 ( Guide Price: 15000 ) From: Barnard Marcus Auction 10:00AM, Tuesday 24 June 2008
Vendor: AMG
Address: 46 Foston Grove, Hull, North Humberside, HU9
The description from the Barnard Marcus website is: Freehold Semi-Detached House Two Floor Three Room(s) Garden Vacant. © Barnard Marcus Auctions
Map: No Map Data for this property
Last Sold Price: No data found for this property - Click here to search
Auction Result: Sold for £28,000
It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.
M21er
Any inaccuracies, errors or suggestions for improvements to the reports, please PM me
View this auction Live
Vendor: AMG
Address: 46 Foston Grove, Hull, North Humberside, HU9
The description from the Barnard Marcus website is: Freehold Semi-Detached House Two Floor Three Room(s) Garden Vacant. © Barnard Marcus Auctions
Map: No Map Data for this property
Last Sold Price: No data found for this property - Click here to search
Auction Result: Sold for £28,000
It is not possible to calculate the profit / loss upon sale as Last Sale Price is unknown.
M21er
Any inaccuracies, errors or suggestions for improvements to the reports, please PM me
View this auction Live
QUOTE (darwin @ Jun 14 2008, 07:35 PM)
46 Foston Grove, Hull, HU9 5UX Guide Price £15,000 2 bedroom semi-detached
* FREEHOLD
* FULL VACANT POSSESSION
* BY ORDER OF THE MORTGAGEES IN POSSESSION
* OUTSIDE: REAR GARDEN
http://www.rightmove.co.uk/viewdetails-216...=1&tr_t=buy
Seems cheap to me. Even a BTL could make money on this one.
* FREEHOLD
* FULL VACANT POSSESSION
* BY ORDER OF THE MORTGAGEES IN POSSESSION
* OUTSIDE: REAR GARDEN
http://www.rightmove.co.uk/viewdetails-216...=1&tr_t=buy
Seems cheap to me. Even a BTL could make money on this one.
QUOTE (darwin @ Sep 24 2008, 04:08 PM)
This one's turned up again. Looks like they're trying to be property developers: link
I reckon they've missed the boat trying to do up & sell. Price paid was £28,000 - a rental to dss tenants was surely a no-brainer?
AUCTION RESULT :
I reckon they've missed the boat trying to do up & sell. Price paid was £28,000 - a rental to dss tenants was surely a no-brainer?
AUCTION RESULT :
Yeah surely splash of paint for a quick double of investment days are gone for the remainder of our life times. I hope so anyway. This ones still for sale
Brace of Hull flats sold at last Eddisons auction for £23k
http://www.eddisons.com/pages/home_page/pr...n=29&Page=4
http://www.eddisons.com/pages/home_page/pr...n=29&Page=4
So the City powerhouse forgot to tell Gordon that by MEWing to everyone and anybody anywhere, they created a unsustainable "spend-style" that was particularly going to decimate the barren wastelands/homelands of traditional Labour when the party ended.
So they have now had all their wealth lifted and it's back to 10-15-20K housing- JHC
I cannot imagine what next year is going to be like-
Ok I'll take a stab
Gordon's Nuclear Spring
Gordon's Nuclear Summer
Gordon's Nuclear Autumn
Gordon's Nuclear Winter
So they have now had all their wealth lifted and it's back to 10-15-20K housing- JHC
I cannot imagine what next year is going to be like-
Ok I'll take a stab
Gordon's Nuclear Spring
Gordon's Nuclear Summer
Gordon's Nuclear Autumn
Gordon's Nuclear Winter
QUOTE (2112 @ Dec 22 2008, 06:02 PM)
Brace of Hull flats sold at last Eddisons auction for £23k
http://www.eddisons.com/pages/home_page/pr...n=29&Page=4
http://www.eddisons.com/pages/home_page/pr...n=29&Page=4
Well, we're well past the illusion stage and now this is the reality. You know, even £23k might be too much? But then I suppose whoever picked up these places will let them to DSS tenants, which means their investment will be protected. Looks like one of them (lot 072) has squatters:
QUOTE
Addendum: The flat is occupied by a person unknown. No tenancy agreement is available. Note: Lots 71-75 - Service Charge £293.75 per quarter. Arrears of service charge are outstanding.
Here's another flat that sold at Allsop's for £20k:
http://www.auction.co.uk/residential/LotDe...amp;S=L&O=A
Only 4-5 years ago it was possible to buy terraced property up around Halifax and outlying for 10K
There is no reason to assume prices won't fall back to those levels.
There is no reason to assume prices won't fall back to those levels.
QUOTE (KingCharles1st @ Dec 22 2008, 06:09 PM)
So the City powerhouse forgot to tell Gordon that by MEWing to everyone and anybody anywhere, they created a unsustainable "spend-style" that was particularly going to decimate the barren wastelands/homelands of traditional Labour when the party ended.
So they have now had all their wealth lifted and it's back to 10-15-20K housing- JHC
I cannot imagine what next year is going to be like-
Ok I'll take a stab
Gordon's Nuclear Spring
Gordon's Nuclear Summer
Gordon's Nuclear Autumn
Gordon's Nuclear Winter
So they have now had all their wealth lifted and it's back to 10-15-20K housing- JHC
I cannot imagine what next year is going to be like-
Ok I'll take a stab
Gordon's Nuclear Spring
Gordon's Nuclear Summer
Gordon's Nuclear Autumn
Gordon's Nuclear Winter
You're right on the nail with that forecast.
Alrighty then! The saga continues for 46 Foston Grove, Hull, HU9 5UX.
I posted previously about this one, but to recap, the story so far:
* 46 Foston Grove went to auction 24 June 2008 with a guide price of £15,000. Sold for £28,000.
* Seemingly bought by 'developers', who tidied it up and put it back on the market, initially for £54,950, then dropped their price to £49,950.
* Looks like they managed to get it rented @ £375pcm. £375 x 12 = £4500 per annum. Actually a very respectable yield on the £28,000 it was bought for.
In the next episode:
Oh, hell no! On 26 February 2009 it will be going back to auction! Check it out here. It has a guide price of £49,000 and according to the auctioneers that's a "realistic auction reserve". Oh really, you think?
Good luck with that.
I posted previously about this one, but to recap, the story so far:
* 46 Foston Grove went to auction 24 June 2008 with a guide price of £15,000. Sold for £28,000.
* Seemingly bought by 'developers', who tidied it up and put it back on the market, initially for £54,950, then dropped their price to £49,950.
* Looks like they managed to get it rented @ £375pcm. £375 x 12 = £4500 per annum. Actually a very respectable yield on the £28,000 it was bought for.
In the next episode:
Oh, hell no! On 26 February 2009 it will be going back to auction! Check it out here. It has a guide price of £49,000 and according to the auctioneers that's a "realistic auction reserve". Oh really, you think?
Good luck with that.
Prices sound realistic. This is what we need to get to UK wide.
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