tennaval
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Posts posted by tennaval
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Another irresistible beauty with sea views (if you cross the road)........dont delay to avoid disappointment.....its a bargain at just under 400 k
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http://www.rightmove...y-27666181.html
Bit more like it. Just knocked £50k off. I'd seriously consider this if I didn't want to be within walking distance of Penzance
That's a handsome house (although quite close to a caravan site - the garden of the one above with the dodgy conservatory actually borders a caravan site, not ideal ). Why walking distance PZ? Dont want a car? or just like the connected feel? Bone valley maybe????
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Hi Bob, hope you find time to update us on your impressions of Cornwall ......very interesting to know how it compares to Canada and whether its living up to your expectations or possibly a disappointment?
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Notice the term " Hayle Borders " hasnt yet caught on in estate agent lexicon.....mmm cant think why not!
Yes there should be a separate thread for hideous conservatories......the penwith classic seems to be the perspex shed/porch combination stuck onto the front of an otherwise sweet vernacular granite farmhouse.....classy. Prime example popped up yesterday. (nb.theres better value in that hinterland north of A 394 than West of st ives....
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Owners obviously think it is worth an extra £200k because it has a glimpse of what is essentially mud 50% of the time.
Notice the term " Hayle Borders " hasnt yet caught on in estate agent lexicon.....mmm cant think why not!
Yes there should be a separate thread for hideous conservatories......the penwith classic seems to be the perspex shed/porch combination stuck onto a sweet vernacular granite farmhouse.....classy. Prime example popped up yesterday (you get far more for your money in that hinterland north of A 394 than West of st ives)
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Neighbouring Lelant is a pretty close second.
Talk of the devil ....up pops another classic Lelant bungalow .
Is it me or does that looked grossly overpriced? I would have thought it really hard to find a buyer at £300,000 let alone just under half a million?????
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What is it about Carbis Bay?! It must have more houses for sale per sq Km than anywhere in the UK!
Neighbouring Lelant is a pretty close second.
I guess together with Lelant Its a surpisingly big sprawl and attracts an older demographic....and life expectancy being what it is in such a damp climate.......produces a natural err turnover of supply.
I am surprised at the speedy turnover of country property as well, take decent quiet areas like Newmill, Bodrifty, Mulfra, Morvah etc its incredible the number of people that dont stick around for long perhaps not being able to hack the weather and general lack of diversity......
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Can't remember the last time any new properties appeared in my preferred search. There were quite a few being added around 2-3 months back but it all seems to have ground to a halt. All I'm seeing now is the same old crap put on repeatedly and often at more or less the same price.
Even if I wanted to buy right now there isn't anything I would. (well, within £300k of my max budget - and then there's only one)
yes you're right, apart from the usual suspects changing agents in pendeen, st just, trewellard etc its pretentious lifestyle flats in st ives, and the usual churn in carbis bay, very quiet. Properties that match our criteria are very rare anyway. Whether our expectations will ultimately be compromised I dont know, as our budget is modest, there is something we are considering but only with a hefty reduction, but quite happy to play a long game patience will be rewarded for sure.
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regular as clockwork, circa 1.20 ish against the euro is the trigger for another cuckoo to spring out of the BOE to devalue by threatening QE.......its all so embarassingly transparent and amateurish......
http://www.telegraph.co.uk/finance/economics/8134134/Banks-Weale-Economy-may-need-more-stimulus.html
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4% sounds good to me at present. Who is that with, please? I found a property in LISKEARD this week that I loved but my wife did not? It happens that there are 7 identicals in a row. drop from 2007 peak is LR£368k down to £270k Asking. I would not have offered more than £250k. I have now found one in Saltash that we both like the look of but the vendors are asking 10% more than 2007 when the press says SE Cornwall has dropped 17% from peak. We are looking at a few properties but also hedging our bets by also looking at renting. Probably a winter let, and if we do not find anything in the winter to buy a motor home and extend the length of our search. In the meantime we have to put our house sale away as safe as possible.
Its a 2 yr bond taken last Dec @4% with Santander with full access. They are currently offering 2 yr @3.5% and 15 month @3% (with no access) Chose Santander because they are one of the best capitalised banks in the world (didnt want to split the money up).
Good luck with your hunt. I think everyone here is agreed that the market in Cornwall will slump further, patience will be rewarded.
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Thanks. I think we got lucky.
We bought in '95, made some improvements over time but the house remained a 4 bed. Don't really know what the peak (2007 ?) price would have been but I feel we sold close to it. But, we had about three serious viewings in the four months before it went under offer. Two of those we never heard from again. We accepted the first offer we had after a little negotiation.
Incomer, I've read your comments on living in Cornwall and pretty much agree with all. It's impossible, long term, to earn your wage in the SE, live in Cornwall and commute/work from home. It is also mighty tough to succeed in new business ventures in Cornwall, whether one is trying to earn out of the Cornish economy or one's customers are elsewhere. Also, the holiday cottage letting business is also rubbish as the availability of accommodation exploded over the last 15 years. Occupancy rates collapsed for all but a few select cottages. The returns are awful as is often the summertime weather.
With the government cutbacks, Cornwall is facing a very difficult period ahead.
It is not all doom and gloom as there are pockets of very real wealth, especially in the Truro, Falmouth, Helford areas. But these are generally wealthy, families with established multi generational businesses. But these people are a very tight knit group with welded up wallets.
Congratulations on your excellent timing! Are you going to bide your time and wait for an opportunity to buy in again? I am monitoring the market in West Penwith but am going to wait, confusingly my heart is telling me to buy abroad but euro exchange rate really not a pretty sight......you will have the same problem as the rest of us STRs, ie where best to store your ill gotten gains, mine is on deposit @4% for another 14 months with access, its not much but in current climate feel relatively lucky.
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The cuts aren't the issue, they're expected and welcomed.
The increasing talks of QE2, with King + Posen talking in the last 24 hours about it.. That's what's pissing on the markets chips.
Exactly. Its been very obvious, although scantly reported, that the BOE (KIng in particular) has been using the media to depress the £ since the crisis took hold.
QE is now his favoured threat for this.
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There's a difference between news and opinion. It's just a forecast guys .......
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roseflower: Buyers (this month we have only had FTB) seem to be getting more and more unrealistic in what they expect for their money around here.
Outrageous, how dare those naughty buyers have such unrealistic expectations, especially round there ......
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Funny, I never really thought there would be competition when I decided to buy a house. However, it does seem that regardless of price everything for sale round here is crap in one way or another.
If I see anything I think is perfect I might put in an offer and see what happens. I'm banking on this happening after 20% further falls though
Actually we have a smaller budget than you circa £350 but agree best to wait for sentiment to truly nosedive, not there yet, next spring should be interesting! (nice websites).
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Anyone got any tips on inflation proof shares that offer a dividend and aren't burdened by things like pension blackholes? I was thinking tesco as it seems to be popular but I never shop there, I wouldn't put their petrol in my car and wouldn't buy their food, perhaps booze is one thing I buy there sometimes.
I hold Tesco for precisely this reason. Where you shop is irrelevant. Where the koreans, chinese and californians shop is what matters as it is these regions that they are targeting aggressively funded by uk cash flows and property deals and it is what will drive tescos future growth. Its a defensive share with 3% divi and huge growth prospects, very rare.
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I work in news. I was not surprised that the package shown 8 mins in on the 6pm was later pulled for the 10 pm news this often happens through time constarint apart from anything else, but I was staggered it wasnt mentioned at all from the autocue. Particularly as much of the stuff towards the end was inconsequential fluff. Strange, because as far as I know the 6pm and 10pm has the same editor (James Stephenson) ........
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Problem is I'm very specific about where I want to be, plus at the prices I'm looking at the place would have to be perfect, where as most of these places are a bit ropey.
sounds like we may be competing for the same property should it ever materialise:rolleyes: ...........although as each day passes i am becoming more convinced to buy abroad rather than for the third time in Cornwall.
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was this story even mentioned on the BBC?
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Goodness me. That's harsh.
We're "30 somethings" (well, just) with over 900k to splash either in cornwall or devon. 700k is cash. No I'm not dumb. No its not inherited. And I am in fact a farmer's daughter from Cornwall, although we made our money over the course of 15-20 yrs working in the City of London, buying, doing up and selling houses; started off with a 66k flat in 1995 with a 6k deposit; and now I want to try to move back home. There's a fair few people just like me, but maybe not quite the same financial levels; or maybe more, who knows. Lots of 30 and 40 somethings who left Cornwall/Devon after Uni and now want to go home. Jobs? Yes. I was offered a job in Cornwall about a yr ago for not that far off 100k. Had to take another one further up the peninsula though because of other half's job constraints; he's more specialist. In my line of work (business / professional), I meet a surprising number of other people just like us.
I'm not trying to show off. I'm just trying to demonstrate that the cornwall / devon property market for over 500k homes is not driven by a bunch of OAPs. Certainly where we ARE currently looking (unfortunately not Cornwall right now), a heck of alot is going on at that level of the market. I think it has something to do with mortgage rates, if you can get one of course.
In West Cornwall the +£500 k bracket is definitely driven in the main by retirees. How many £100 k wages do you think there are? Its a bucket and spade economy. With the average wage at £329.30 (thats one hundred pounds less than the National average) I can assure you the number of £100 k wages west of Truro are virtually non existent. In fact wages over 50 k are very exceptional, save senior teachers, council workers, NHS workers. The vast majority of buyers have like you made their dosh and sold a pile up country and now looking to kick back. Then after a couple of winters start to wonder if its fulfilling expectations. Which might explain why there is a "heck of a lot going on" as people realise the market is about to fall and try to get out quick to escape the rain, mist, rain, squall, damp, drizzle, drudge, rain, darkness, more rain etc etc.
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I took the view earlier in the year that staying risk averse was no longer the best option. Given up with cash. Now use isa allowance to accumulate a mix of income funds, (as long as the divi rolls in who cares about what the ftse is doing?), bonds, and emerging markets for growth. I also converted money from a cash ISA at beginning of year into a small collection of shares also in an isa which i trade frequently. I havent made a fortune but its been fun learning and significant improvement on paltry interest and its kept ahead of inflation.
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One of my biggest annoyances. Cornwall is expensive, it's expensive because it is unique and beautiful. Yet, a proportion of both born 'n' bred and incomers seem to want to make it more mainstream and arbitrary. It'd save everyone's time and money if they just did in fact move to Berkshire!
For various reasons I'm looking at around this price range and whilst I appreciate in some parts of Cornwall this may represent fashionable second homes / teleworking a la BT adverts, in my manor these are mostly very dull houses with 90's decor and hideous conservatories. I suppose there is a knock on effect within a certain radius.
Anyway, at the moment I'm seeing 10% drops in lots of properties and they still aren't selling. Maybe I've answered my own question, i.e. no one! Then on the other hand, like I said most of the places are 80s/90s throwbacks in areas that were fashionable then. I expect granite, features, at least 1 acre and possibly a view for that kind of money
The lands end peninsular has changed markedly over the last 20 years. Much much busier. Due to Improvements to the A30 shortening the journey and the Tate st ives drawing middles class visitors to the area, which on its day is as stunning as anywhere. It has increased awareness and changed the demographic from what was once a sleepy, agricultural / fishing community mixed with an alternative crowd of hobos, misfits, musicians + artists. Beginning of the 90's I sold a pretty double fronted listed granite cottage on the North coast just west of zennor, it was on the market for 18 months. I cant imagine that lingering now, whatever the market, because the steady stream of retirees, teachers, public sector and the rest will always be there. Like you I am waiting for the right opportunity to buy back in. For the moment quite happy to roll the interest on STR fund because the one thing that prices will not do is go up....how far they drop in this category remains to be seen.....imagine it will be down to supply and above all sentiment.....not down there at the moment so your posts are always very interesting to read from someone on the ground.
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Since we're on the subject of earnings, housing stats for Scotland were released last week, updated for Q1 2010. One of the tables shows the actual recorded income for mortgage completions (which of course needn't be a single income). In 2000 it was £26,877, and it's now risen above £50,000.
(Note - I'm not making a statement about average earnings growth here - far from it.)
Bear in mind transaction numbers will be down and the FTB percentage has dropped from 50% to 33%......so not surprising the average income has risen statistically with FTBs squeezed out
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I live in a west end mansion block we all extended lease a while back for £5000 and the freeholder voluntarily offered 999yrs, when 99yrs would have been acceptable, the ground rent was also zeroed. We didnt want the responsibility of the freehold. The service charges are divided by square footage. Ours is typically £600 pa, (which included insurance, cleaning, managing agents etc) with a refurb every 7 yrs. Its a good and happy arrangement. I moved here from a freehold house, and i actually much prefer it. But you do have to be careful, as someone above states lifts concierge etc really bump up costs as do buildings which need constant exterior maintenance, masonry work etc. My brother in law owns a penthouse in kensington, service charges alone are £14000 pa. Lease extensions start to get progressively pricey once they fall below 70yrs approx.
Academagictrix: Houses Hit 2 Year High
in House prices and the economy
Posted
You just know anyone calling themselves Academetrics has got to be a recently retired old buffer bigging up his credentials in a last ditch attempt at gaining credibility and paying for his fursty ferret. The client list on what is a very amatuerish website says it all about his target paymasters: Abbey (he hasnt even got the coffers to change it to Santander), C and G, Northern Crock, Barclays, HBOS, Nationwide, Standard Life etc etc zzzzzzzzzzzz