RandomWalk Posted March 5, 2006 Share Posted March 5, 2006 More from Connells.... Someone on the Fool PMT was seeing price increases in Herts. Anyone else seeing this? Connells_House_Prices.zip Connells_House_Prices.zip Quote Link to comment Share on other sites More sharing options...
FaTB Posted March 20, 2006 Share Posted March 20, 2006 Just anecdotal but things do seem to have picked up a little around St. Albans recently. I have three freinds who have all recently sold their places, very close to asking price, one on the first veiwing, and the other to the next door neihbours, who were renting and have decided to buy. Also reading the local property rag asking prices in the area seem to be as ridiculous as ever ! :angry: :angry: Will the madness ever end ??? I'm begining to wonder !!! :angry: :angry: Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted March 23, 2006 Share Posted March 23, 2006 (edited) Tedious isn't it? :angry: Edited March 23, 2006 by mjdazeley Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted March 29, 2006 Share Posted March 29, 2006 Now they're not having problems off-loading Minerva Heights are they? Shared ownership now available to any local FTB, not just key workers http://www.rightmove.co.uk/property/6503980 Quote Link to comment Share on other sites More sharing options...
a j Posted March 29, 2006 Share Posted March 29, 2006 Now they're not having problems off-loading Minerva Heights are they? Shared ownership now available to any local FTB, not just key workers http://www.rightmove.co.uk/property/6503980 I may make a trip on Saturday to see what the deal is. Strikes me that they are trying to sell these as flats in a primary location which is not really the case. Interesting that they haven't all been bought by BTL's. Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted April 1, 2006 Share Posted April 1, 2006 More Connells numbers. Units for sale is flatlining at 200. No major action. :angry: Connells_House_Prices.zip Connells_House_Prices.zip Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted April 6, 2006 Share Posted April 6, 2006 :angry: :angry: :angry: :angry: http://www.nationwide.co.uk/hpi/historical/Q1_OM.pdf :angry: :angry: :angry: :angry: Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted April 8, 2006 Share Posted April 8, 2006 Bump. I may make a trip on Saturday to see what the deal is. Strikes me that they are trying to sell these as flats in a primary location which is not really the case. Interesting that they haven't all been bought by BTL's. a_j, did you get to see Minerva Heights last week? mjd Quote Link to comment Share on other sites More sharing options...
a j Posted April 9, 2006 Share Posted April 9, 2006 Bump. a_j, did you get to see Minerva Heights last week? mjd Yes, quite interesting. I'm waiting for the EA to call me back with answers to a couple of queries. I'll post some comments in the next couple of days. Quote Link to comment Share on other sites More sharing options...
FaTB Posted April 12, 2006 Share Posted April 12, 2006 Might be worth keeping an eye on this on a monthly basis. http://www.home.co.uk/guides/house_prices....ation=st_albans Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted April 17, 2006 Share Posted April 17, 2006 a_j Have those useless EAs not got back to you? Quote Link to comment Share on other sites More sharing options...
a j Posted April 17, 2006 Share Posted April 17, 2006 a_j Have those useless EAs not got back to you? No - I've left my number twice. Is this a bad sign? Are they too busy selling things, or do I look too poor to afford one of their 'luxury' apartments? Quote Link to comment Share on other sites More sharing options...
a j Posted April 23, 2006 Share Posted April 23, 2006 Still no reply from Martins Treasure. Are they snowed under with viewings, or are they they only estate agent not to flood you with leaflets when you've expressed an interest and given contact details? Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted April 27, 2006 Share Posted April 27, 2006 Bump. More Connells numbers. Connells_House_Prices.zip Connells_House_Prices.zip Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted April 28, 2006 Share Posted April 28, 2006 (edited) Anyone seen page 8 of the Nationwide quarterly report? http://www.nationwide.co.uk/hpi/historical/Q1_2006_full.pdf :angry: :angry: :angry: Edited April 28, 2006 by mjdazeley Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted May 7, 2006 Share Posted May 7, 2006 Darwoods are marketing some 'investment property', quoting rent and property valuations http://www.rightmove.co.uk/viewdetails-576...a_n=4&tr_t=rent http://www.rightmove.co.uk/viewdetails-576...a_n=4&tr_t=rent http://www.rightmove.co.uk/viewdetails-576...a_n=4&tr_t=rent That'll be a 3.9% yield after service charges, but before voids and other costs. Tempted? Quote Link to comment Share on other sites More sharing options...
msgin Posted May 8, 2006 Share Posted May 8, 2006 (edited) Darwoods are marketing some 'investment property', quoting rent and property valuations http://www.rightmove.co.uk/viewdetails-576...a_n=4&tr_t=rent http://www.rightmove.co.uk/viewdetails-576...a_n=4&tr_t=rent http://www.rightmove.co.uk/viewdetails-576...a_n=4&tr_t=rent That'll be a 3.9% yield after service charges, but before voids and other costs. Tempted? I am almost certain that we used to rent in that development when it was initially built 7 years ago. We paid £995 pcm (to Darwoods) for a standard 2 bedroom flat so rents appear to have fallen. Not only that but I am sure that they have appreciated by only 5% (if it sells at full price not including stamp duty and inflation etc.) in 7 years as I think our landlord paid around the £200,000 mark. Edited May 8, 2006 by msgin Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted May 8, 2006 Share Posted May 8, 2006 I am almost certain that we used to rent in that development when it was initially built 7 years ago. We paid £995 pcm (to Darwoods) for a standard 2 bedroom flat so rents appear to have fallen. Not only that but I am sure that they have appreciated by only 5% (if it sells at full price not including stamp duty and inflation etc.) in 7 years as I think our landlord paid around the £200,000 mark. msgin I know the flats you mean, but I think that these are the building that used to be the auction house that has recently been converted. mjd Quote Link to comment Share on other sites More sharing options...
FaTB Posted June 4, 2006 Share Posted June 4, 2006 Don't really know what to make of this, I was under the impression that things had been really moving again just recently, seems not. http://www.home.co.uk/guides/house_prices_...bans&lastyear=1 Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted June 4, 2006 Share Posted June 4, 2006 Don't really know what to make of this, I was under the impression that things had been really moving again just recently, seems not. http://www.home.co.uk/guides/house_prices_...bans&lastyear=1 FaTB Interesting trends - small samples though.... Try plugging in Jan05 to Jan06 - a very different story :angry: I think that we're getting some very mixed signals at the moment in St Albans, probably due to the smallish samples in the surveys, and the lumpiness of top-end transactions that could be skewing some of the data. The Nationwide report showed (IIRC) 18% growth (which sounded suspicious) - http://www.nationwide.co.uk/hpi/historical/Q1_2006_full.pdf Then (IIRC) the Halifax showed 0% growth. I'll upload a Connells update soon. I've also been running the Rightmove Hoover (posted on another thread) for AL1 since the end of last October - now could be the time for some initial analysis. mjd Quote Link to comment Share on other sites More sharing options...
RandomWalk Posted June 25, 2006 Share Posted June 25, 2006 Bump. More Connells numbers. The number of properties on the books has dropped significantly to c150. A sign of a fast-moving market, or of owners sitting tight? mjd Connells_House_Prices.zip Quote Link to comment Share on other sites More sharing options...
pim Posted June 27, 2006 Share Posted June 27, 2006 Thanks for re-directing me to this thread. It's interesting reading. I think there is a real shortage of properties, that is houses to buy in St.Albans at the moment, which has pushed the prices up. I know this is not the case everywhere in England. Also that the ones on the market are ones that are difficult to sell. There seems to be a fair few landlords selling up. We are in rented at the moment as when we moved we wanted to get to know the area before buying. Last year prices were being reduced and friends, who were selling were struggling to sell and getting very few viewings. Unfortunately I didn't have the time to look properly. Now I have time to do so and it's crazy here. Let me give a couple of examples. In 2 houses that I would have considered buying it was set up that there was a bidding war. The first had an open morning one Saturday and it was packed with people viewing. On Tuesday the agent phoned to say 6 people had made offers, did I want to. I had doubts about the house so I said 'no'. Time will tell how much it did sell for as it needed so much work doing to it. The second house we both liked. It was advertised 2 weeks prior to viewings being allowed, but bookings were made. In one week the house maybe had 40-50 viewings, I'm guessing from the owner telling me that on the first night she said she had 18 viewings. Then the following week I did put an offer in and was told that it had already got offers off, 36K, 34K, 30K and 25K above the asking price. The agent hinted if we put in a certain offer we were likely to get it as we were in a good position. I then declined to increase ours as the whole thing made me very nervous. What i don't understand is if the house had been purposefully undervalued to get interest. I would have always questioned if we had over-payed. We are not deperate to move but it would be good for us and especially the kids to have a place of our own. Now there is no new properties to look at. The decent ones have sold last month and that's it. Quote Link to comment Share on other sites More sharing options...
thunderbird900 Posted July 9, 2006 Share Posted July 9, 2006 Game for a laugh! http://www.rightmove.co.uk/viewdetails-124...=3&tr_t=buy I rented near St. Albans (Tyttenhanger) until last year. I gave up on purchasing in St. Albans years ago and looked for a long time in London Colney. When ex council semis started hitting £280,000 there I looked further afield. Ended up in Hemel. Get this! I bought a five bedroom detached with garage, en-suite, three reception rooms, fitted kitchen for under £300,000. Lovely location and approx 13 minutes from St. Albans. Apologies for sounding like a smart a**e, but it can be done. I don't think prices will ever seriously drop in places like St. Albans or Harpenden. They are really nice places, and unfortunately that is reflected in the prices, which I still consider insane. Quote Link to comment Share on other sites More sharing options...
a j Posted July 9, 2006 Share Posted July 9, 2006 Game for a laugh! http://www.rightmove.co.uk/viewdetails-124...=3&tr_t=buy Apologies for sounding like a smart a**e, but it can be done. I don't think prices will ever seriously drop in places like St. Albans or Harpenden. They are really nice places, and unfortunately that is reflected in the prices, which I still consider insane. I think that St Albans prices have to be judged in comparison with reasonable areas of North London with some adjustment for the price of a season ticket to London. To compare with the areas around doesn't reflect the fact that many/ most? of the people buying now are city workers or solicitors earning high London wages who need a fast connection. In comparison you get a lot more for your money in Berkhamsted - but an extra half an hour on the journey to work. Quote Link to comment Share on other sites More sharing options...
Goat Posted July 11, 2006 Share Posted July 11, 2006 I think that St Albans prices have to be judged in comparison with reasonable areas of North London with some adjustment for the price of a season ticket to London. To compare with the areas around doesn't reflect the fact that many/ most? of the people buying now are city workers or solicitors earning high London wages who need a fast connection. In comparison you get a lot more for your money in Berkhamsted - but an extra half an hour on the journey to work. http://www.rightmove.co.uk/viewdetails-125...=1&tr_t=buy Bit more value for your £600,000 but still damn pricey. Back in 1997 these were going for closer to £200,000. From memory train to Euston takes just over 40 mins, not sure how long from St Albans. That said I'm not sure what the reputation of the local schools is like. Quote Link to comment Share on other sites More sharing options...
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