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frustratedbuyer

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About frustratedbuyer

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  1. wingate way Amazing that they come back after six months SSTC. Wonder if its noise from the development putting someone off, or people simply being unable to buy. Wasn't someone that posted on this board buying the property?? quote name='mikeymadman' timestamp='1291328790' post='2809192'] Edited: For Trumpington Meadows it's: http://www.scambs.gov.uk/environment/planning/districtplanning/localdevelopmentframework/cambridge_southern_fringe_aap.htm Clay Farm will be the one that would affect you more, and is http://www.clayfarm.co.uk/
  2. Mike, I'm getting to my mid40s and have waited for over two years to find something decent, truth is the mortgage payment will be lower than my rent! I think the house I'm buying is not too bad compared to the rest of the street and they don't come up for sale often. Another house round the corner sold quickly too. Houses with garages and nice gardens near a good school will always be in demand. The surveyor valued it at the price we offered and said that it's a nice house with no horrors to fix, aside renovation and maintenance.
  3. Ah, ah, I'm buying too, I have the same thoughts as I have seen some reductions and I think I'm paying a bit too much considering I need to restore it, but it has everything we need, including a garage while previous houses didn't have that or had less living space and tiny gardens. That said the price is aligned with the street as nothing was ever sold cheaply there, unlike streets like Stretten Avenue were the houses have increased their prices greatly in the past few years (but used to be cheap).
  4. Meanwhile my neighbours, after several months of trying to sell, have taken down their For Sale board (Riverside area), although it's still up on t'net with "offers in the region of". They should be so lucky, lucky lucky lucky... Where is this house? Are they open to offers? I think it's time people saw sense, banks are being very stingy with mortgages (if you even get it)
  5. There must be heaps of frustrated renters in Cambridge! A year on, a few offers down the line and still not a sausage. Yet there are changes from last year: supply is wider with all the 'sold' houses coming back on the market and the new offerings at sky high prices. I am also getting the impression that there are very few buyers. This year we made the only offer on a couple of houses (one at the time) and they were both refused because the owners expected more. Both houses have been up for sale for months! The surprise element is that this time round the agents were quite supportive, while they were very uppity with us last year when we dared to offer less than the asking price and/or ignore bidding wars. Is this a reality check? Looking on houseprices.co.uk, not many sales went through in the last quarter of 2009. I just wonder how agents can survive with so few commissions coming in. I have also noticed that rental prices have gone down and a house we tried to rent last November is up for sale! We walk around a lot and at the moment there are heaps of properties up for rental, while we struggled to find ours last year.
  6. Only real special houses sell for top prices. There are heaps coming back now after 'selling' last year. It's a huge con as estate agents flatter sellers with unrealistic valuations and chains collapse all the time. I was really furious to find out that some really pricey properties (askingpricewise) sold really low last year. Now I now know that if you are looking you should disregard the asking price and offer what you think it's worth. I'm awaiting next batch of sales on houseprices.co.uk. Mill Road has gone down pricewise and you are right, they are not selling for that much. I recently offered on a house there, a realistic offer and it was turned down and house withdrawn from market as mine was the only offer and the owner wanted more. Perhaps I should print out the sold prices, laminate them and flash them past the estate agents when they boast about prices or snigger at my offers. Prices are unrealistic - they have crashed quite badly in London and in many cities. I am fed up of hearing jolly reports - the figures tell another story. I know various people in London stuck in negative equity.
  7. What I meant is that in many locations, the Londoner is seen as the devil who comes along, offers over the odds and ruins the property market for the locals who cannot afford to buy any more. Ironically in my case the 'Londoner' was outbid by local residents for outrageous sums. I also wanted to say that many Londoners have not that much money, even if they work in the City. The City is full of people on average salaries, only a priviledged few earns masses of money. Some Londoners might have increased their buying power by selling their property during the rising market, but since the summer of 2008, prices have been crashing so many Londoners are in negative equity, as many other people living in the UK who bought when the market was rising. Personally we'd love to be near the station as my partner takes the bus to the station, which often gets stuck in the traffic. More than once he got off and walked for long stretches. I'd like to be near the station so I can visit friends and family as I don't drive. Hopefully I will start cycling in the New Year, which might help but my partner has a bad leg so he doesn't do a lot of cycling. So I'd say, it really depends on the individual.... If you need any more pins, feel free to ask, as a crafty person I have a big box in my sewing basket.
  8. I'm not a Londoner, I just worked there for a while, then lived in Warwickshire, then moved here for work reasons. Ironically it was local people who outbid us twice, paying crazy prices to secure the properties. In one instance we were pushed to offer asking price by local bidders, only for these locals to offer 50K more than us, making that house the most expensive ever in that street. The other house was a wreck, yet a local person paid over 25K the asking price. These houses were quite far from the centre and not flashy. I wouldn't worry about an influx of Londoners. Many Londoners will stay put as prices have been crashing since 2008, I know people who are in negative equity, while in Cambridge prices have soared and soared despite the economic downturn. Ironically it's cheaper to buy in many London areas now than in Cambridge's desirable areas. The situation in Cambridge is complex as prices vary so much. I have viewed affordable houses to the north and east, but they are not so desirable to locals who don't rate the schools or don't want to live near students. Streets near the centre are really pricey but there are occasional 'bargains', like the house in Hale Street, which at 245 asking price is keenly priced compared to other houses in the street (going for 500). It's small but perfect for individual or couple with small baby. I now rent here and volunteer for children charities, so I can see what is going on with young families. Many go to live in villages as they cannot afford living in town. They are concerned about the schools so certain areas of the city are not desirable. So I'd say it depends on your situation, if you have kids, you might be worried about schools, living on a big road, not having a decent size garden, not having proper sized bedrooms, not having a garage as you need so much space for children's stuff. If you are an individual, then you can be more flexible on certain things and it's probably easier to find something. It was certainly easier for us when we were childless.
  9. Why do students need to be near the station? Wouldn't it best to build family homes in that area? I find there is a shortage of those and as many people commute to other towns and cities, being near the station would help them. When I was living in Warwickshire, they had great development plans for 2-3 bed small houses with tiny gardens, which remained unsold as people wanted 3-4 beds with decent gardens. Actually they are still unsold, so they tried to rent them but many are still empty.
  10. We're moving into rental in Cambridge, unless something reasonably priced comes up, I am not buying. Just checked rightmove and nearly choked in my cup of tea http://www.rightmove.co.uk/property-for-sale/property-27756308.html?utm_source=rmrssfeed&utm_medium=rss&utm_campaign=buying This really takes the biscuit, you are basically paying for the view and some land, as the 'house' is so wrecked it cannot be mortgaged. And to add insult to injury, cash buyers only... If I had that kind of cash, I'd flash it somewhere else.
  11. I'm talking about right now. Asking prices were higher in spring/summer. I have been viewing houses since the beginning of the year, got outbid in Oxford and Cambridge during the warm season and recently put an offer on a three bed detached in Cambridge but because of its lower stock, there is competition, which makes unlikely that my offer will succeed as I am not going to pay over the odds. So I'm looking in Oxford where asking prices have been reduced for several properties. North Oxford is not good value for money, but there are bargains if one keeps looking (such as a semi for 325 in Summertown, when next door sold for nearly 500K the year before). I don't mind buying a wreck as I renovated houses before but there is a scarcity of them as developers snapped them up quickly. That said one of the renovated houses up for sale is being sold close to the price the developer bought it for, so I guess he/she must be in need of cash to flog it for such a low price as he/she won't be able to recover much of the dosh he put in the renovation. Looking at the prices in the land registry, I don't see such a bonanza, sure some houses sold for quite a bit but they were exceptional houses, the dogs (ex rentals, wreck, etc) are still unsold or are not getting the full asking price. There was a house in Summertown, a terrace with the absurd asking price of 400K, I was quite surprised to find out that it sold for under 250. So somebody got a bargain there.
  12. I think the prices have gone down in Oxford. I was looking in Cambridge where they have rocketed and I'm now back in Oxford as it has become cheaper. Saw a few 'reasonably priced' properties in Jericho, which would have bigger asking prices a few months ago, but as somebody has rightly remarked they are too small and the lack of parking is an issue. I just wonder if the fall in prices is due to the market being flooded with properties, in Cambridge supply is low and demand is high so people are fighting for anything decent coming onto the market, while in Oxford a lot of houses have been for sale for months. Property Bee tells me another story.
  13. One was a private landlord and requested references as he was not sure he was going to rent to another family, we did provide, viewed but he decided to go with the other family. One was through an agent: the landlord found another family, bypassed the agent and we got bumped off, luckily the agent gave us back the fee we paid without fuss. We live a long drive away so we cannot rush there at any time. It seems that anything around 1000 pounds per month is snatched away quickly...
  14. Amazing, the 279 house looks like a jazzed up council house.
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