nigooner

What’s your point other than stating the obvious?

Still doesn’t change what I said? Also there’s an apartment in Malone square on for £465k.

£400k apartments in BT9 are nothing new. Bladon and harberton have more expensive ones than this.

Montgomery street is under construction...

Nobody has bought it...drove past it the other day and it’s no longer Sale Agreed, back up for sale!

Not defending estate agents, but they can only go on what the buyer discloses. They generally have zero knowledge of structural issues (unless they’re obvious!), legal issues or even info on management companies! It would be far better if they had to use a home Buyers report when listing a property that covers all this where the vendor has to disclose everything

I viewed a ground floor flat in this block years ago- was riddled with damp, communal area was horrific and the block had no management company. Don’t know if these issues have been resolved.

Makes more sense! Thanks

Do the mortgage lenders know that the houses they’ve lent on have been demolished?

Wtf is that?! Reminds me of this belter of equally rubbish production...

What state is it in when it was bought for £190k though

I don’t think it’s a repo. Normally all soft furnishings and furniture are removed by the asset management company and stickers put on the radiators once the system has been drained. I think the owners of the flat have just had a cleaning company in and they’ve put the wrapping round the toilet seat to show it’s been cleaned like a hotel!

This is bound to get some love on this forum... http://www.simonbrien.com/properties/buying/ECS47766/47a-knightsbridge-park-bt9-5eh-ecs47766

Very good, another worthwhile contribution.

I didn’t say I drive past it numerous times during daytime, I drive past it numerous times every day- daytime and night time- and I’m not convinced it was ever rented.

I wasn’t aware it was rented either. I drive past it numerous times every day and never noticed so much as a light on since the renovation was completed.

It was listed at that, but it was then moved to Colliers and bought and refurbished and then re listed. Didn’t sell, taken off the market, and now reappeared!

See this has been relisted https://www.propertynews.com/4rzkh dont know how to find out what it was listed at before

It also quotes one bed flats in the bakery for £265k when you can now get a 2 bed flat in the bakery for £199k...

Can you share links to ones that are 2007 back to prices, would be keen to see.

just google the house address for the listing and the title of the article

Now this is something I can agree that is boom prices! Albeit I doubt the agent valued it at that price. I’d say this is a case of the vendor listing it at what they need rather than what it’s worth. £172k for a one bed city centre flat is madness. Especially given the dimensions of the rooms.

Didn’t realise I had to answer every question, even if I would prefer not to. In that case, what are your credit card details and CCV numbers? I offered up the loan details as an example of what is available out there, as a quick google search can show the market rates. You can chose to believe it or not, that’s up to you. However I’m not prepared to disclose the specific lenders that have entered in to NI. If you want to know, you can go knock on lots of doors like I’ve had to. The article is a good insight into the main challenger banks that are plugging the gaps in the markets that the main banks are choosing not to lend on that was provided as an alternative to me disclosing the results of my own work. I could easily just name one of the banks from the article and you’d be none the wiser. Much like I’ll never know that HSBC is actually your mortgage lender that you randomly declared to the forum. if you’re going to claim that those apartments are at bubble prices, then provide evidence that supports it. This should be easily proved given the amount of hard statistics out there regarding historic house prices, earnings, income multiples etc. An opinion on the location and quality of accommodation is subjective. However Claiming ‘bubble prices’ is quantifiable and can be supported by evidence.

I didn’t ask about your mortgage, but if you’d like to ring round some challenger banks for commercial loan terms feel free, that article would be a good place to start. Thats hardly a similar comparable given your gripes about the original being a converted house and your comparable being a new build. If the original is the last street in bt9, I don’t know how something the far side of Boucher playing fields beside the motorway is better- if anything comparing the location adds more value to the original. Also I would expect the management charge and ground rent on that new build to be considerably higher than the original, adding to all those costs you’re concerned about. but righto.

But ask for an explanation as to why £100k a unit for a flat in bt9 is big bubble territory... just out of interest, what would the average price of these units should be if it wasn’t currently in this big bubble?