LondonToManchester Posted April 21, 2009 Share Posted April 21, 2009 How much do you think the property will have fallen by? I bought 04/07 for 160k in Didsbury Manchester 2 bed flat. How much do you think it will be worth now? Quote Link to comment Share on other sites More sharing options...
16bit Posted April 21, 2009 Share Posted April 21, 2009 How much do you think the property will have fallen by?I bought 04/07 for 160k in Didsbury Manchester 2 bed flat. How much do you think it will be worth now? Worth today? Flat you say? Hmm, £100K? This time next year.... £45K? Quote Link to comment Share on other sites More sharing options...
lurker07 Posted April 21, 2009 Share Posted April 21, 2009 Roughly £131713 and falling fast. Quote Link to comment Share on other sites More sharing options...
24gray24 Posted April 21, 2009 Share Posted April 21, 2009 Asking £130,000 today. Asking £100,000 in one year Asking £70,000 in 2 years. If it's a new build, I wouldn't put it past a desperate developer to "sell" one flat to a relative for 2007 prices in order to ramp up the index (and give him a chance, by deceit, to offload the rest). Quote Link to comment Share on other sites More sharing options...
bobed Posted April 21, 2009 Share Posted April 21, 2009 How much do you think the property will have fallen by?I bought 04/07 for 160k in Didsbury Manchester 2 bed flat. How much do you think it will be worth now? Why ask here? Ask an estate agent. Quote Link to comment Share on other sites More sharing options...
LondonToManchester Posted April 21, 2009 Author Share Posted April 21, 2009 Why ask here? Ask an estate agent. It's going to be valued by my new mortgage company I'm switching. Quote Link to comment Share on other sites More sharing options...
buytoilet Posted April 21, 2009 Share Posted April 21, 2009 finger in the air take off 20% but a flat you say, could be more This may help http://www.houseprices.co.uk/ As a broker if you haver less than 60% ltv it will be cheaper to go on SVR Quote Link to comment Share on other sites More sharing options...
sooperlids Posted April 21, 2009 Share Posted April 21, 2009 How much do you think the property will have fallen by?I bought 04/07 for 160k in Didsbury Manchester 2 bed flat. How much do you think it will be worth now? Good luck! hope you put a big deposit down. Quote Link to comment Share on other sites More sharing options...
LondonToManchester Posted April 21, 2009 Author Share Posted April 21, 2009 finger in the air take off 20% but a flat you say, could be moreThis may help http://www.houseprices.co.uk/ As a broker if you haver less than 60% ltv it will be cheaper to go on SVR Thanks for the link it basically says that there hasn't been a drop in prices. I'm going for a fix because i think interest rates will rise(IMO), but thanks for the advice. Quote Link to comment Share on other sites More sharing options...
Godley Posted April 21, 2009 Share Posted April 21, 2009 It's going to be valued by my new mortgage company I'm switching. Let us know what they value it at, it will be of great interest. Quote Link to comment Share on other sites More sharing options...
LondonToManchester Posted April 21, 2009 Author Share Posted April 21, 2009 Let us know what they value it at, it will be of great interest. I intend to. I'm switching the mortgage from standard life to a different provider. Quote Link to comment Share on other sites More sharing options...
TylerDurden Posted April 21, 2009 Share Posted April 21, 2009 no idea about manchester, but if it was Cardiff, And it was a new build flat in 07 your probably looking between -40% I'm going to put my guess in at 100k. will be interesting to find out the outcome, good look with it, i hope you dont need to move, if not, try not to let it get to you as their are very very few options. Quote Link to comment Share on other sites More sharing options...
detached Posted April 21, 2009 Share Posted April 21, 2009 How much do you think the property will have fallen by?I bought 04/07 for 160k in Didsbury Manchester 2 bed flat. How much do you think it will be worth now? If I were a cash investor looking to invest in property to rent out to the DSS for repossessed tenants, I would estimate your flat to be worth £84,000, (my required 5% gross yield based on a DSS monthly rent of £350). I hope this helps Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted April 21, 2009 Share Posted April 21, 2009 It will be valued at £275,000. Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted April 21, 2009 Share Posted April 21, 2009 How much do you think the property will have fallen by?I bought 04/07 for 160k in Didsbury Manchester 2 bed flat. How much do you think it will be worth now? Depends if it was new build or not. An old flat, £130k, a new build, about £110k Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted April 21, 2009 Share Posted April 21, 2009 I'm going for a fix because i think interest rates will rise(IMO), but thanks for the advice. The lenders win 80% of those fixed vs variable decisions. That means (on average), you should carefully decide what to do, then do the opposite. VMR. Quote Link to comment Share on other sites More sharing options...
Godley Posted April 21, 2009 Share Posted April 21, 2009 Did you have a large deposit? Quote Link to comment Share on other sites More sharing options...
LondonToManchester Posted April 21, 2009 Author Share Posted April 21, 2009 Sorry just to clarify it's not a new build! Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted April 21, 2009 Share Posted April 21, 2009 £132,297 on the nationwide calculator. Give Zoopla a try. VMR. Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted April 21, 2009 Share Posted April 21, 2009 On that note I revise my estimate upto £300,000. Quote Link to comment Share on other sites More sharing options...
LondonToManchester Posted April 21, 2009 Author Share Posted April 21, 2009 Did you have a large deposit? around 25% so 116k mortgage Quote Link to comment Share on other sites More sharing options...
Bearback Mountain Posted April 21, 2009 Share Posted April 21, 2009 Rather you than me. Quote Link to comment Share on other sites More sharing options...
Son of Taeper Posted April 21, 2009 Share Posted April 21, 2009 Doesn't matter what we think, what your lender thinks is important Quote Link to comment Share on other sites More sharing options...
LondonToManchester Posted April 21, 2009 Author Share Posted April 21, 2009 Doesn't matter what we think, what your lender thinks is important True but want to compare what people on here think to whats happening in reality! Quote Link to comment Share on other sites More sharing options...
NewBuildBuyer Posted April 21, 2009 Share Posted April 21, 2009 True but want to compare what people on here think to whats happening in reality! 16k. (by the time the market bottoms) Sell up, take whatever you can get for it now! Quote Link to comment Share on other sites More sharing options...
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