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howarden

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About howarden

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    Sheffield
  1. howarden

    Altrincham/hale/halebarns

    I have a sort of scale in my head of what you should get for your money in North Altrincham and Timperley, based on not extended, modern fittings and good condition I think...£110k A cheaper 2 bed flat e.g. Budenburg or Townfield Gardens (interesting block as you can't btl here) £140k A mid level 2 bed flat e.g. One of the blocks on Barrington road, a 2 bed terrace around Brunswick Road, 3 bed in Oldfield Brow proper £160k A 3 bed semi in the Heyes Road bit of Timperley or Brunswick Road in Alti, 2 bed Linotype £180k A 3 bed in the bulk of Timperley near the metro or in Alti around Navigation Road, Gladstone Road, etc... and the surrounding bits of Oldfield Brow £200k A 3 bed in the bigger or better looking houses around Hazel Road, a 3 bed Linotype or a bigger 3 bed on the surrounding streets £220k A smaller 3 bed detached around Medway Crescent Then it all gets a bit complex. Hopefully someone disagrees with me or can extend to the areas they know well. These are the numbers at which I would start to see value, so not the bottom of any dip.
  2. howarden

    Altrincham/hale/halebarns

    Thanks, yeah, we decided against it in the end - just don't offer the space we require as a young family. What do you think of this one? - very nearby but very different, masses less character and characterless street but loads more space. http://www.rightmove.co.uk/property-for-sale/property-30537957.html Seems like 250k cannot buy even a traditional 3 bed semi near park road metro in timperley anymore and Altrincham even less so. I know someone who lives in one of those houses on Devonshire Road and saw some workmen a couple of weeks ago chucking a load of stuff into a skip on that house. (I'm doing something through work where I agreed to walk 10,000 steps per day for 10 weeks so have got to know Alti a lot better).Upsides: More space than anywhere comparable and not a bad layout if you can use the bottom room as a second reception rather than a bedroom. Also surprisingly they say the sound insulation between the houses is better than the older houses they've lived in. That house in particular also has full height ceilings in the upstairs rooms. Downsides: No access to the back garden other than through the house, I notice the floor boards squeaking a lot when I visit and they said that when they put their car in the garage there was no room for anything else. I considered buying one when it was up about 18 months ago, but it sold before I got too far. £260k looks a bit ambitious when you compare to what others have recently sold for (same houses around the corner on Princes Road as well).
  3. howarden

    Altrincham/hale/halebarns

    I like the area, the Linotype houses aren't huge and parking must be tight, but they look homely and a lot of the houses and front gardens are very well kept. I think I prefer the feel of the area to the other side of Manchester road e.g. Navigation Road, Gladstone, Hawarden and it's only 5 minutes further walk to town or the Metrolink. That might be down to John Leigh Park which really outshines Navigation Rec and makes the lack of outside space less of a problem. I think the area is going through a bit of a demographic change away from older retired residents to younger, from a recent walk around there were a lot of skips full of old fittings and furnishings.If you value character they're the only real choice at the cheaper end of the Altrincham market. If you don't mind a plainer house then the surrounding streets offer better value. There was a semi on a neighbouring street with a flat roof extension for £220k posted on here a few months ago that I thought looked OK, other posters may disagree. I think if you could get a Linotype house with 3 beds in good modern condition for £200k it wouldn't be the worst buy in Altrincham.
  4. I'm not sure what you expected? The numbers are comparable to how they're measured the rest of the time and the stats openly published, so it's quite a big story. The political spin is because of 'the cost of living crisis' tag line that Ed Milliband has been using is starting to look pretty silly, crisis was always the wrong word for them to use as it has a short-term nature to it's meaning, whereas the real pay squeeze has been a drawn out affair. For the poster suggesting we should not be happy until we recover all the real wage loss since the start of the recession, you've picked a peak real wage to aim for that was mainly achieved by low inflation from imported goods. I can't see a way for a developed economy like the UK to get substantially more productive to achieve wage rises greater than inflation and I don't see a replacement for China pushing down the cost of goods again. Maybe we should aim for 1998 or 2003, not 2007?
  5. howarden

    Altrincham/hale/halebarns

    Edited, I can't get the post layout to work on my tablet with links and photos. I'll try to put more detail, but the flats above the refurnished shops at Stamford House near HSBC are nearly done. There's a conversion of an office building on the corner of Victoria Street and Springfield Road. There's something happening with the 2 decrepit bungalows on Barrington Road. There's a new development completed and moved into next to the Budenburg flats where there used to be a bowling green and a big old industrial building, Woodfield House And the last one I've noticed is the old Linotype building next to the development above is going to be partially demolished to make way for around 130 flats and houses using that land and the land that's currently used for airport parking behind.
  6. howarden

    Altrincham/hale/halebarns

    Glad you're struggling with this question. My own opinion is that much of the housing stock is flawed, but I still love the area. I think it's a side effect of being a popular well connected area, there's much more pressure on housing density. The Elmlea house posted actually looked decent value to me as well as being a nice house; location ideal for town, schools & parks, great layout on the ground floor, good decorative order and probably in decent condition. I'll do some separate posts, but I've noticed that building activity has picked up again recently.
  7. howarden

    Altrincham/hale/halebarns

    I've not visited for a while, I think I posted about my offer on a house near Navigation Road station that was sold by sealed bid. It sold for £250k in the end, so our upper offer of £242k (iirc) wasn't too far away. http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=24449715&sale=48697616&country=england Anyway, a challenge, can anyone post a link to a regular home they actually like, asking price no object? (No mega mansions, just regular homes for regular joes).
  8. howarden

    Altrincham/hale/halebarns

    Agree, I think the value to the vendor depends massively on their position. It's probably worth most to those short on time, maybe to hold a chain together when the bottom buyer buyer backs out, or someone selling up to move abroad. Also worth a bit to those that have a high cost of capital and gain no value from holding the asset, like a builder taking somewhere in part exchange.
  9. howarden

    Altrincham/hale/halebarns

    Cash removes all the uncertainty and delay that a mortgage introduces. In most cases you cannot get a bank to pre-approve you for a mortgage, so at offer stage there is still a reasonable chance that the bank will either fully turn down the application, or disagree with the offer value. A cash deal can get to exchange in a couple of weeks, mortgage offers take more like a couple of months to get all the paperwork in order and in front of the underwriter. In this instance our cash offer was maybe at too big a discount look like good value compared to the mortgage offer, but that was because it was literally all the cash we have.
  10. howarden

    Altrincham/hale/halebarns

    I can share now. Our offer was 225,000 cash or 242,500 mortgaged.
  11. howarden

    Terraced Buy To Lets

    I don't have any experience, this is just anecdotal, but, ignoring the opinions on market direction... At this end of the market I think the most important thing is to be the type of person that your potential tenants will not take advantage of and to be actively involved in managing the tenancy yourself. For example, someone I know who operates successfully in this level of the market in the midlands is a builder, his appearance and accent make it clear he's not from a privileged background and he drives an old Bentley at the weekends which gives him a certain air. The margins look great in percentage terms, but actual cash values are not as big so you have to nip any potential problems in the bud as quickly as possible.
  12. howarden

    Altrincham/hale/halebarns

    Yes, I'll be willing to share when the sale goes through. It was all done very quickly, builder took it in part exchange, advertised on Thursday 11th, open house on Sunday 14th, second viewings the next week and best and final offers by midday on Monday 22nd. They told us 30 minutes after the deadline that our bid wasn't successful, so we must have been quite a way off, will be interesting to see the land registry entry. I had a feeling I was competing with morons early on when I called the agent to get details of the leasehold and agreement for maintenance of the private road, we got chatting and she said they'd already had 4 offers, but I was the first to ask for those details! The agent seemed to find it as amusing as I did that people would offer without checking basic information.
  13. howarden

    Ford To Close Southampton Plant.

    Which country will they move the manufacturing Ghia to?
  14. howarden

    Altrincham/hale/halebarns

    I realise that this may be a bit of a personal question, but are there actually any houses in the area that you would be happy living in regardless of price? In 18 months of looking (not very seriously) I've made one offer and that was on this house on Monday (offer rejected as someone offered 'significantly' higher). http://www.rightmove...y-24449715.html I didn't even particularly like that house; ugly, too close to Navigation Road station, next to industrial premises, not the best primary school, small garden with the wrong aspect, needs significant decoration and updating, kitchen a bit too small, responsibility for a private road, etc... I appear to be able to find a flaw in every single house, has the HPC website turned me into someone who over analyses everything to do with housing and will ultimately make me disappointed with anything that isn't a self-build in acres of quiet green space, within 2 minutes walk of the best schools and a train station (i.e. an impossible ideal)? According to my view 99% of people in Greater Manchester live in areas or houses that I wouldn't even consider, surely I must be wrong? Oddly, I love the rental flat I'm living in, but I'd never even consider buying it I think that says it all.
  15. I can't see how you think 995 fee to book this product is extorionate, it takes the deal to a shade under 2.5% over the two years on a 100k mortgage, I certainly don't know of any fee free fix that is less than that. I also disagre with your assessment of the average house that would be typical for this mortgage deal. While the average house price of a buyer using a mortgage from Halifax or Nationwide is 160k, there are plenty of other indices that place the average house price much higher. Haliwide do not get the pick of the clients like Tesco will on this deal. I'm sure if HSBC published an index the average price would be into the 3% stamp duty area.
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