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PerfectStorm

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  1. So how do these guys get away with pension pots that are over the Lifetime Allowance of £1.5 million? Presumably these companies are also picking up the tax charge on this for them too. http://www.hmrc.gov.uk/pensionschemes/understanding-la.htm The lifetime allowance is £1.5 million (2012-13 tax year). This means that most people won't have to pay the lifetime allowance charge. This level of pension saving is broadly equivalent to an annual pension of: £75,000 if you don't take a lump sum £56,000 if you take the 25 per cent maximum tax free lump sum The lifetime allowance applies to any pension saving you have in: a registered pension scheme an overseas pension scheme that qualified for UK tax relief for either you or your employer on or after 5 April 2006 The lifetime allowance still applies even if you're in a pension scheme that you don't make payments into - for example if you're in a workplace pension that only your employer makes payments into.
  2. And now another! 6 Redwood Mount, which is exactly the same as number 4 which sold for £750k, has just came on the market at £795k : http://www.rightmove.co.uk/property-for-sale/property-30381229.html
  3. Well here are the results: http://www.houseprices.co.uk/e.php?q=rh2+9nb Sale Date Price Type Tenure New Build Map Address Current Value Estimate 1 25/03/2011 £750,000 Det. F No Map 4, Redwood Mount, Reigate, Surrey, RH2 9NB See current value of 4, Redwood Mount 2 20/12/2010 £808,000 Det. F No Map 5, Redwood Mount, Reigate, Surrey, RH2 9NB See current value of 5, Redwood Mount 3 20/10/2009 £800,000 Det. F No Map 2, Redwood Mount, Reigate, Surrey, RH2 9NB See current value of 2, Redwood Mount 4 07/12/2007 £635,000 Det. F No Map 3, Redwood Mount, Reigate, Surrey, RH2 9NB See current value of 3, Redwood Mount 5 23/08/2007 £635,000 Det. F No Map 5, Redwood Mount, Reigate, Surrey, RH2 9NB See current value of 5, Redwood Mount 6 20/07/2007 £595,000 Det. F No Map 4, Redwood Mount, Reigate, Surrey, RH2 9NB See current value of 4, Redwood Mount So number 4 bought for £595k in 2007, asked £800k and got £750k And number 5 bought for £635k in 2007, asked £975k and got £808k Makes you wonder if people look at what houses sold at the 2007 peak before they put in offers
  4. And here's another on the same close in Reigate, sold for £595k at peak in summer of 2007, now tarted up and on at £800k Sale Date Price Type Tenure New Build Map Address 1 20/07/2007 £595,000 Det. F No Map 4, Redwood Mount, Reigate, Surrey, RH2 9NB http://www.rightmove.co.uk/property-for-sale/property-26598919.html
  5. This house sold for £635k at the peak in 2007: Sale Date Price Type Tenure New Build Map Address 1 23/08/2007 £635,000 Det. F No Map 5, Redwood Mount, Reigate, Surrey, RH2 9NB Properties for sale near RH2 9NB The new owners to give them their due have put in new bathrooms, kitchen, decorated, etc, but haven't extended it or otherwise increased the square footage. It's now on for £975k. http://www.rightmove.co.uk/property-for-sale/property-26218258.html Be interesting to see if anyone believes the "Reigate bubble" hype that the agents round here spout enough to shell out near a million for a three bedroom seventies house:
  6. Well someone fell for this cheap makeover, it went for £475k! Sale Date Price Type Tenure New Build Map Address 1 30/10/2009 £475,000 Det. F No Map 3, Wrayfield Avenue, Reigate, Surrey, RH2 0NF Properties for sale near RH2 0NF 2 20/04/2009 £363,000 Det. F No Map 3, Wrayfield Avenue, Reigate, Surrey, RH2 0NF Properties for sale near RH2 0NF
  7. This one has now sold for £650k! Sale Date Price Type Tenure New Build Map Address 1 31/07/2009 £650,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX 2 27/07/2007 £700,000 Det. F No Map 10, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX 3 19/03/2007 £440,000 Det. F No Map 2, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX 4 28/04/2006 £560,000 Det. F No Map 3, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX 5 30/09/2005 £540,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Properties for sale near RH2 0DX A fool and their money are easily parted.
  8. This bungalow in Reigate sold back in April this year for £363k: Sale Date Price Type Tenure New Build Map Address 1 20/04/2009 £363,000 Det. F No Map 3, Wrayfield Avenue, Reigate, Surrey, RH2 0NF http://www.houseprices.co.uk/e.php?q=wrayf...enue%2C+reigate Now it's been decorated, the front lawn dug up and replaced with gravel and back on the market at £500k: http://www.rightmove.co.uk/property-for-sa...on%26index%3D70 And they haven't even bothered to paint the faded old gararge doors!
  9. Yes Hairy, I take your point on the condition, but I remember seeing this one on Rightmove and the 1970's kitchen and bathroom had all been replaced, it definitely wasn't a wreak. If you look at the price history on this road prices don't deviate from the trend much. So I think this is confirmation of how prices have collapsed in Redhill for bog standard properties
  10. Been watching this road because all the houses are exactly the same, 1970's terraced, with very small sloping gardens to the rear offering no scope for extensions. Therefore, they should be reasonably comparable: 09/04/2009 £197,500 Ter. F No Map 28, Furze Close, Redhill, Surrey, RH1 1DN 28/09/2007 £265,000 Ter. F No Map 36, Furze Close, Redhill, Surrey, RH1 1DN 29/08/2007 £267,000 Ter. F No Map 4, Furze Close, Redhill, Surrey, RH1 1DN 30/05/2007 £250,000 Ter. F No Map 10, Furze Close, Redhill, Surrey, RH1 1DN 30/06/2006 £245,000 Ter. F No Map 42, Furze Close, Redhill, Surrey, RH1 1DN 03/03/2006 £225,000 Ter. F No Map 12, Furze Close, Redhill, Surrey, RH1 1DN 14/12/2004 £245,000 Ter. F No Map 42, Furze Close, Redhill, Surrey, RH1 1DN 16/07/2004 £240,000 Ter. F No Map 18, Furze Close, Redhill, Surrey, RH1 1DN 11/06/2004 £230,000 Ter. F No Map 20, Furze Close, Redhill, Surrey, RH1 1DN 16/01/2004 £239,000 Ter. F No Map 31, Furze Close, Redhill, Surrey, RH1 1DN 24/10/2003 £228,000 Ter. F No Map 30, Furze Close, Redhill, Surrey, RH1 1DN 29/08/2003 £230,000 Ter. F No Map 6, Furze Close, Redhill, Surrey, RH1 1DN 23/05/2003 £221,000 Ter. F No Map 10, Furze Close, Redhill, Surrey, RH1 1DN 16/12/2002 £207,000 Ter. F No Map 18, Furze Close, Redhill, Surrey, RH1 1DN 26/01/2002 £180,000 Ter. F No Map 26, Furze Close, Redhill, Surrey, RH1 1DN 16/03/2001 £164,500 Ter. F No Map 18, Furze Close, Redhill, Surrey, RH1 1DN 19/01/2001 £163,950 Ter. F No Map 20, Furze Close, Redhill, Surrey, RH1 1DN 20/12/2000 £159,000 Ter. F No Map 31, Furze Close, Redhill, Surrey, RH1 1DN 15/12/2000 £165,000 Ter. F No Map 42, Furze Close, Redhill, Surrey, RH1 1DN 24/08/2000 £169,000 Ter. F No Map 22, Furze Close, Redhill, Surrey, RH1 1DN 16/06/2000 £156,000 Ter. F No Map 10, Furze Close, Redhill, Surrey, RH1 1DN As you can see the latest to sell in April this year is down at a price level not seen since 2002.
  11. The Agents in Reigate have got the measure of Property Snake and take properties off and then relist them to avoid Property Snake tracking them: This one in Huntersfield Close came on in April 08 at £850k http://www.rightmove.co.uk/property-for-sa...y-20394014.html relisted in July 08 at £795k and then dropped to £750k in August http://www.rightmove.co.uk/property-for-sa...y-22066484.html Then relisted again in September 08 at £695k http://www.rightmove.co.uk/property-for-sa...on%26index%3D40 Given that an identicial house with more land sold for £540k in September 05: 30/09/2005 £540,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX About £500k -£525k would be more realistic!
  12. But on the other hand not everyone in Reigate (RH2) has got the message. This house sold in 2005 for £540k 30/09/2005 £540,000 Det. F No Map 8, Huntersfield Close, Reigate, Surrey, RH2 0DX Same house come back on the market last week, price? £695k! http://www.savills.co.uk/residentialSearch...aspx?pID=241712
  13. Sorry for giving the wrong link, this is the link to the price in 2004: http://www.houseprices.co.uk/e.php?q=1+ridgeway+road+redhill
  14. This house in Redhill sold for £333k in 2004: http://www.housepricecrash.co.uk/forum/ind...w_post&f=23 Has just been put on the market for £695k: http://www.houseprices.co.uk/e.php?q=1+rid...road%2C+redhill Will be interesting to see how long it takes before they start dropping the price - given the location I think they'd be lucky to get £450k
  15. So how far does Sterling have to fall before the Bank of England is forced to raise interest rates to shore it up?
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