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Posts posted by vroomvroom

  1. What amuses me is that if I had bought a pile of gold in 2007 instead of a house, I could now buy my house, the house across the road, and the houses on either side! Just like some HPCers were saying back in 2007 when I first joined the site. It's easy to be wise after the event... unfortunately I didn't listen at the time.

    This really only applies if you used 100% cash to buy your house, as the amount of gold you could have bought would have been limited to the cash you had (as far as I know you can't get a mortgage on gold purchase...now that is an idea)

  2. I have offered on 3 houses in the 3 months.

    90.5% of recently reduced asking (new build)

    94% of recently reduced asking

    90% of estate agent valuation (after their fees) before even came on the mkt (100% cash offer)

    I was rejected on all three, the first two have been on the mkt for 12 months plus, all be at slightly higher prices.

    Based on my simple man maths, 8 houses sold in the area in the last 12 months at this price or above, there is currently 30 plus for sale, so nearly 4 years of stock.

  3. Quick search of Cheshire planning online suggests it was granted planning to be turned into a contemporary home and marketed (off plan) at £1.7M

    The planning elapsed…and the locals decided the two cottages (it was originally two separate homes) were of historical value and extension to the planning date was subsequently rejected

    As my 8 year says…..you snooze you loose

    detailes when for sale at £1.7m


  4. Forgot to add make sure your commute dosent include travelling on the M6 - the section between j15 & j19 is one of the worst for traffic, closures and accidents I have ever known - quick google search will confirm this.

    I think the problem is down to the hypnotic effect of seeing so many black range rover sports being driven by women with orange skin...or men with two much hair gel - Welcome to Cheshire :D

  5. Are you not looking on the wrong side of the M6 ? the traffic in a morn & eve can be quite mad going east west etc across the M6

    Assuming you new office is east of the M6, I'd be looking in Holmes Chapel, Congleton, Macc etc

    .........You will get less for your money (although your budget will still go a long way) however IMHO the schools are a lot better ...


  6. Don't belive the agents - lots of overpriced stuff in wilmslow but also some more realistic priced items

    STD exec home sold oct 2007 for £550k - sold last sept for £402k (it went to offers over so this was the top bid)


    Also 4 bed house, good area/street but in need of refurb for circa £175k - paxford place

  7. I've been looking to buy in that area for the last 12 months (and Holmes chapel / knutsford prior to that)

    Very little has sold - and I would even less lately unless it is at below 2007 prices.

    Seen a few propities being marked down ion asking price by over 20% during the pas year. Some new builds have been empty and for sale for coming on three years.

    I currently live in wilmslow and rent a 4 bed semi, 2 bathrooms, garden - 5 min walk to the centre etc for £1200 a month - based on the rental yield it should be worth around £300k - it last sold in 2006 for £465k and had been on the Market on and off for the past three years at mid £400's .....

    I love living in the area however you have remember it the capital of bull & spin (& black range rover sports- ha ha )

  8. I'm looking to buy, will buy all 10 assuming location is suitable (I’m based in south east and Manchester area)

    I will pay spot (split between HG buy/sell prices), probably worth a couple hundred extra £ plus no postage/ insurance costs, I can do bank transfer or draw a counter cheque in front of you at the bank/ can provide ID etc

    PM if of interest - cheers

  9. I work within the Tesco group PLC (not bank or retail) the below is all in my humble uneducated opinion.

    I have all my savings with Tesco (I know all eggs in one basket etc) however this article tipped it for me


    Banking Groups (separate Licences) Probability Deposits over £85k are Safe

    National Savings & Investments 99%

    Tesco Bank 80%

    HSBC 75%

    Co-op 75%

    Standard Chartered 65%

    Santander Group 50%

    With recent events imagine the percentages for most have dropped ..as far as I know Tesco Bank as no response to Greek Bonds

  10. How do you find out which banks have the most dangerous exposure to EU debt? I went into a view of my local bank branches yesterday asking about this issue and every time I was met with looks of "this bloke needs to be sectioned under the mental health act perhaps".

    perhaps this will help ??


    Banking Groups (separate Licences) Probability Deposits over £85k are Safe

    National Savings & Investments 99%

    Tesco Bank 80%

    HSBC 75%

    Co-op 75%

    Standard Chartered 65%

    Santander Group 50%

    Barclays 35%

    ING Direct 25%

    Nationwide BS 20%

    CitiGroup 20%

    Lloyds TSB 10%

    HBOS 10%

    Nat West 5%

    RBS 5%

    Allied Irish 1%

  11. Some facts – Sold house - Exchanged, complete next week

    Detached house Herts, bought in Q1 2006, not advertised and not a motivated seller, sold for 13% more than purchase price (less circa 4% we spent in renovation costs)

    So net gain 9% in 5 years

    Original buy and current sell costs (legal, stamp, agent fees etc) halves this number to circa 4.5%

    Compound inflation during the same 5 year period (RPI) is circa 17%

    So net net net ---- 2% loss over 5 years

    **The EA value from peak (2207) to trough (2010) was a spread of 21% - fortunately I didn’t believe him on both accounts...

    Now renting .....looking for part built/ renovation project

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