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sim

Jesmond Vale

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Hi I am moving to newcastle from birmingham for work reasons. I have fallen in love with jesmond vale. I simply cannot believe the glut of properties for sale in jesmond itself.

A tyneside flat in jesmond vale is £140,000 on the market. It seems ridiculously overpriced. Why are so many houses being sold in the area - do they know something I dont?

Why arent they shifting - surely if prices are relative to what people are going on to buy in the chain.

I am a first time buyer and find the rent ridiculous in newcastle - having lived in sheffield also.

Also all the properties I have seen have been on the market for 6/7months -

Any advice.....

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Please check out and post your questions on the Newcastle upon Tyne thread, I think you shall find there many of the answers that you are looking for, Jesmond has been and continues to be discussed at length.

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Your right Sim, its a great area, also right about it being stupidly overpriced. It was abit slower on the take off the boom than down south and equally will be abit slower on the re-adjustment or impending crash.

I work in Jesmond but live in Whickham, a nice place south of the river. A couple of years ago, and i mean 2, you wouldnt see a For Sale sign around here, it would be sold before it got that far, now every street has more and more signs every day, none of them shifting.

I havent got the right advice for you, im in the same boat. Its just going to take time before people realise they havent won the lottery just cause they happened to buy a house a couple of years ago.

Ive lived in a few spots aroung UK though and do believe Newcastle to be te best though Sim, keep looking.

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Well Tyneside flats in Jesmond were going for £55,000 or so back in 1993 so I wouldn't say that they are insanely overpriced compared to other areas (such as Durham say).

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Hi I am moving to newcastle from birmingham for work reasons. I have fallen in love with jesmond vale. I simply cannot believe the glut of properties for sale in jesmond itself.

A tyneside flat in jesmond vale is £140,000 on the market. It seems ridiculously overpriced. Why are so many houses being sold in the area - do they know something I dont?

Why arent they shifting - surely if prices are relative to what people are going on to buy in the chain.

I am a first time buyer and find the rent ridiculous in newcastle - having lived in sheffield also.

Also all the properties I have seen have been on the market for 6/7months -

Any advice.....

Jesmond was/is popular with the buy to let (BTL) squad. More and more of them are getting worried about depreciation and are trying to cash in before it's to late.

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"Well Tyneside flats in Jesmond were going for £55,000 or so back in 1993"

very nice upper ones maybe. I bought a downstairs one in 1999 for little more than that and a friend payed around 40K in '96. (After living there for a few years i would say always go for an upstairs one if you can)

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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