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House Price Crash Forum


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About howarden

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  1. 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 Navigati
  2. 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.
  3. 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 wal
  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
  5. 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 buil
  6. 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. 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. 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. 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
  10. I can share now. Our offer was 225,000 cash or 242,500 mortgaged.
  11. 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 i
  12. 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 chatt
  13. Which country will they move the manufacturing Ghia to?
  14. 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
  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
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