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ianbeale

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Posts posted by ianbeale

  1. Seriously other props that rent for 1150 sell for 300k plus here (exeter) so 250 seems like bargain teritory to me. I can only think that the repo stigma has put others off. The offer goes in tomorrow.......the worry is that I dont really like it and am just taking a punt to spruce it up and sell it on before the cheap cash drys up after the next election. Also band f council tax which is a bit steep but would back up a 300k valuation

  2. Hi

    I have been away a few years but need some advice as tomorrow is d day

    I have come across a luxury town house with sea views that someone paid 400k for in 2006 and with 4 other identical units going for between 350 and 400 at or around the same time this looks like solid data and one sold for 330 k in 2011 .the one I am looking at has subsequently been repossessed and I have it on good authority that 250k will do it. They rent at about 1150 pcm. What do you guys think. Seems to good to be true or is it a gift horse.

  3. check this out

    http://www.thisisplymouth.co.uk/news/Prope...il/article.html

    A PLYMOUTH developer has told The Herald he has identified 10 'serial speculators' who he plans to sue for failing to pay up for apartments at the new £25 million Zero 4 building.

    Mike Hockin, London and Westcountry Estates Limited boss, claimed last month a number of potential buyers were reneging on deals because they have got 'cold feet' as the credit crunch bites.

    He has now told The Herald he has singled out 10 of those 'serial speculators' who he believes are planning to auction off their flats – thus, he said, breaking their contracts.

    here they are at auction - zero 4 evelopment

    auction listing

  4. Hi IB. sorry I cant oblige with a linky as I dont remember the source, The Herald would have covered this and it was mentioned on the HPC home page at the time as well as low down on national tv news. Also I dont know how to do linky.

    I so think Plymouth is toast as wages are not up to par with most places, and if the dockyard downsizes further demoralisation will spread. Any idea of Langage providing 2000 jobs seems fancifull also.

    http://www.housepricecrash.co.uk/forum/ind...showtopic=84865

  5. check this out

    http://www.thisisplymouth.co.uk/news/Prope...il/article.html

    A PLYMOUTH developer has told The Herald he has identified 10 'serial speculators' who he plans to sue for failing to pay up for apartments at the new £25 million Zero 4 building.

    Mike Hockin, London and Westcountry Estates Limited boss, claimed last month a number of potential buyers were reneging on deals because they have got 'cold feet' as the credit crunch bites.

    He has now told The Herald he has singled out 10 of those 'serial speculators' who he believes are planning to auction off their flats – thus, he said, breaking their contracts.

  6. Central Plymouth. Noticed the ZONE 2 development. Delightlfully situated twixt Englands second largest pub and Millbay Docks red light quarter, and a mere beer bottles throw from Union St, one of Britains most leery and violent addresses.

    For sale 1 and 2 bed apartments from 169000 This is the development where the developer hit the headlines when he threatened to sue the contracted buyers who have pulled out in large numbers. :lol::lol::lol: You couldent make it up.

    hi BM

    IB from plymouth - this development made me laugh when I saw the prices advertised on them - a lot have sold though - the buyers are toast. I see falls of 20-30% over the next year - flats maybe 40%. My observation is down 10% in the last 6 months and speeding up - have you got a link to the developer sueing story??

    IB

    East Chavsville (plymstock)

  7. 12.5% down yoy next month with just a modest fall of 1.5%.

    Because August 07 was the Halifax peak, it'll be harder to get the yoy falls to be a lot higher.

    But then anything's possible because 'it's different this time'.

    should be interesting when the +1.4 from dec 07 drops out but after that YOY falls which should show around feb 09 - should suck back from the 20% "mega crash" promised land very quickly after that

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