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reggie

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Everything posted by reggie

  1. Thanks for the replies. The house is a one off - built by builder for himself, so a solid build and doesn't seem to be affected by what is happening to conservatory. Looks like a discussion with EA is on the cards and maybe a chat to a surveyor to see about costs. We suspect the vendors know there was or is an issue, but it just depends how they now react. I suspect not well, sadly as it is a nice property but we will have no funds left to rectify that size of problem.
  2. Had offer of 15% below asking accepted on property, EA informed us that vendors said that was final price, no further reductions. Fast forward couple of days; walking past property and met neighbour. He was happy to answer any questions, then told us about previous problem conservatory. This has now been replaced - about 2 years ago - so we thought fine, but then he proceeded to point out a couple of cracks in lower brick work of the conservatory and the floor coming away from side of property. (There also seems to be a patched up area next to this). The conservatory sides on to his house, so
  3. That is so true. Viewed property last week, been on for couple of months; it is vacant as vendors have already moved. We are renting, so no chain. Property is on for £300k, we were told offers had to be over £290k, they had refused £275k! We will probably wait a bit longer...
  4. It is a busy road. Llandaff North's houses don't seem to be as expensive as those surrounding - Whitchurch and Llandaff both within a stone's throw.
  5. They had a property for sale near us, a couple of years ago - it was a part exchange property - don't know if they just deal with properties that have been part exchanged for new builds though.
  6. reggie

    Cardiff Prices

    As I said - I've given up second guessing! Still, really am stumped as to how this level can be sustained - no answers here, just bewilderment.
  7. reggie

    Cardiff Prices

    Quick answer - No! Will anyone pay that for it? You'd hope the answer would be the same - No; but I've given up second guessing people around Cardiff and now am no longer certain of anything regarding houses and their value.! There is a 2 bed bungalow near us, which has been on the market for a couple of years - starting at £350k, is now £290k - the day that sells is the day I throw the towel in.
  8. reggie

    Cardiff Prices

    It looks like this has now been sold again - can't say I'm surprised; things are not slowing in CF15 just yet.
  9. reggie

    Cardiff Prices

    I also spoke to an agent on saturday who told me they were taking lots on but buyers who were proceedable were few and far between... they were actively reviewing the property on their books to see if they could get sellers to drop the prices and strongly advising sellers to take a resonable proceedable offer ..!!! Which agent was this? I spoke to one agent a few weeks ago who said they were 'oh so busy...' and gave the line that times were good - I'm hoping that was the end of the blip.! One of the properties we looked at, which sold a couple of months ago, is now back on the market - we had
  10. reggie

    Cardiff Prices

    I noticed that - don't really understand people's logic when there's a 4 bed around the corner for the same sort of money! I do think when prices drop it will be the estate type houses which will drop the furthest; the individual ones in non estate positions will lose less I think.
  11. reggie

    Cardiff Prices

    I would say the one that went last September didn't need that much spent on it - about £10k max, these look better decoratated - certainly not worth this much more imo. There are small 4 beds on same estate at the same sort of price; It will be interesting to watch and see what happens with these. the one that went last September took quite some time to sell, but then it did start at £239k!
  12. reggie

    Cardiff Prices

    Another update! New property on the market, same road as the £239k one, but it looks like this might have a small conservetory....so it's on at £249k - only £60k more than the one that went for £190k in Sept 2009 ; I'm not surprised by anything any more
  13. reggie

    Cardiff Prices

    Good for you - I would rather be in your shoes than watching this market from here. I'd happily go for a doer upper, but the ones we've seen would require buiding work and with children that's not so easy.....so we watch and wait.
  14. reggie

    Cardiff Prices

    Yes, those are the ones I'm talking about. I know what you mean about the high hallway - waste of space and heat loser. Have you since bought? I can't see the latest selling at that price, but I've been proved wrong before! However, there are 4 beds at a similar price so I don't think someone would opt for a bedroom less for a difference of £5k. Who knows? We came close to buying a couple of months ago, but again felt the amount of work needed was too much for the price being asked; it has since sold. I think we may become bystanders until after the election when I do honestly think things wil
  15. reggie

    Cardiff Prices

    Despair continues - property has just come on the market in CF15; 3 bed on at £239k, estate type house....the kicker is an identical one (with garage converted but not such good internal condition) sold for £190k last September! Had chat with EA who said the market was far better now and price was justified - we'll see; it is one I shall watch with interest but would be totally disheartening to see it sell at £50k more than previous one.
  16. Which part of Cardiff was she talking about? Or just Cardiff in general? We're in the CF15 market - not much seems to be coming on the market and anything resembling fairish value goes. We looked at a property recently that needed new everything, we made an offer based on what a simlilar property had gone for in 2007 and was told we'd need to add another 20k - we didn't but it has now sold.....It makes us wonder when and if drops will happen in this area...
  17. reggie

    Cardiff Prices

    I would say I am comparing like with like - we live on the outskirts of Cardiff, CF15 - we lived about 20 mins from Guildford heading towards hampshire, a nice enough area - like for like prices are priced at a similar level; like for like salaries aren't.
  18. reggie

    Cardiff Prices

    Having moved from SE - outer, closer to Guildford, to just outside Cardiff, I see the price difference as negligible - it seems unsustainable as the salaries that can be accessed from SE are far greater than those that can be accessed from Cardiff and the surrounding areas. Where I lived, there was a small train station which would get me to London in 45 minutes. It doesn't seem to make sense that house prices there are on a par with house prices here...when salaries are not.
  19. reggie

    Cardiff Prices

    We moved the other way three years ago and are renting - the house we sold in Surrey is only marginally higher than a similar one in the area of Cardiff we're looking. Like you say - it seems totally disproportionate to wages and can't help but wonder how long it can be sustained.
  20. reggie

    Cardiff Prices

    We're in a similar position - we've looked at a couple of properties, both about 1960's. One in Cf15 and the other Llandaff - both would need total do up - central heating, guttering, windows, kitchen, bathroom etc - not derelict but 'very tired' - to use an estate agent phrase. Yet still they are priced at a level that suggests no work needs doing. One has, apparently, had a couple of offers 10% below asking, which have been rejected! The sad thing is we were tempted by that one, mainly due to lack of other properties and tired of renting, but the amount of work and money needed for it has l
  21. We've looked at a couple of properties in the past few weeks - both we would class as overpriced. The first was on at £350k, having dropped £25k - is now on with another agent for another £20k less - still pricey, needs minimum of £30k spending on it for things like plumbing, windows, fencing, etc and one down the road went for under £300k at peak...The other one was immaculate, but it was similar to another on the market at the height for £300k, so instead of any drops they are assuming a rise of 10% since 2007/2008. Wouldn't surprise me if both sell - especially the first, which is not on an
  22. Good Luck to you - if we could get one at 2003 prices we'd probably go for it. Did you end up buying in Radyr or one of the niehgbouring villages? I agree with you regarding bargains in this area - they seem few and far between.
  23. We viewed a 2 bed bungalow in a village near Radyr - part of an estate - has been on for the best part of a year - you could almost say it needs demolishing or total gutting and extension. The word 'potential' was mentioned time and again; but they want £250k for it (after originally putting it on at £300k) and they do not seem to be budging from that figure. Like you I've given up wondering how long this can go on, it just seems to be defying all logic.
  24. We viewed a house last week in similar area- on for 350k, needs lots of work; realistically should be going for 270k max. Tempted to put in an offer - mentioning that an identical one went for 280k in 2007 (bit baffled by that as it didn't come on open market and at that price would have had a lot clamouring for it), plus the amount of work needed. However, like you I can guess the response.
  25. Wouldn't happen to begin with m and end with a y by chance? They do seem to have the monopoly round here. I'm seeing the same as you - it's pretty depressing. There is very little coming on the market and that which does around CF15 seems overpriced and often needing considerable work. I've given up trying to fathom out why this little part of Cardiff appears immune from any drops.
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