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Executive Sadman

Beginning Of Developer Firesales? (Northants)

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OK, its Corby.

Well, not quite 'firesale' - id think £100-125k is nearer a fair price - but with a bit of Haggling, who knows.

Noticed a few of these Appearing...

Barratt new build - £159k - reduced from £200k

http://www.rightmove.co.uk/property-for-sale/property-26317882.html

Another one - This time a Bellway box for £150k

http://www.rightmove.co.uk/property-for-sale/new-homes/property-15864654.html

They are being priced at the bottom end of the market, at least.

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OK, its Corby.

Well, not quite 'firesale' - id think £100-125k is nearer a fair price - but with a bit of Haggling, who knows.

Noticed a few of these Appearing...

Barratt new build - £159k - reduced from £200k

http://www.rightmove...y-26317882.html

Another one - This time a Bellway box for £150k

http://www.rightmove...y-15864654.html

They are being priced at the bottom end of the market, at least.

Without abundant credit the "bottom end" is nearer 50k IMO, but this is a start, and as they just sit there, and reduce in price, the sheeple get the message IT IS OVER.

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Without abundant credit the "bottom end" is nearer 50k IMO, but this is a start, and as they just sit there, and reduce in price, the sheeple get the message IT IS OVER.

There does seem to be a an element of mass supply in Northants that isnt present in most of the rest of the country though - The Milton Keynes - Corby 'sub region' was where much of John Prescotts forced housing ended up - Despite already having built lots of new urban extensions over the past 15 years or so i think there is planning permission for tens of thousands more, explanding northampton north south and west, and almost making Wellingborough, Kettering, Corby and Rushden one big conurbation.

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There does seem to be a an element of mass supply in Northants that isnt present in most of the rest of the country though - The Milton Keynes - Corby 'sub region' was where much of John Prescotts forced housing ended up - Despite already having built lots of new urban extensions over the past 15 years or so i think there is planning permission for tens of thousands more, explanding northampton north south and west, and almost making Wellingborough, Kettering, Corby and Rushden one big conurbation.

Probably being shelved as we speak? seeing as how endless HPI hasn`t quite worked out?

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Probably being shelved as we speak? seeing as how endless HPI hasn`t quite worked out?

Dont they usually buy options on land or something before building on it, rather than the land itself, at least for big housing projects in the hundreds or thousands?

Maybe they'll be able to renegotiate a fair market price for the land (like under £10k a plot!)

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OK, its Corby.

The fact that there are houses in Corby at over 6 figs sums up how utterly bonkers it all was.

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Dont they usually buy options on land or something before building on it, rather than the land itself, at least for big housing projects in the hundreds or thousands?

Maybe they'll be able to renegotiate a fair market price for the land (like under £10k a plot!)

Or maybe Prince Charles can intervene to try and f*uck up the deal? "One doesn`t need any more `ouses building right now thank you"

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The fact that there are houses in Corby at over 6 figs sums up how utterly bonkers it all was.

Look on the bright side, you could get lucky, hit the one in a zillion jackpot of beneficial mutations and become ....

toxic_avenger_movie_poster.jpg

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OK, its Corby.

Well, not quite 'firesale' - id think £100-125k is nearer a fair price - but with a bit of Haggling, who knows.

Noticed a few of these Appearing...

Barratt new build - £159k - reduced from £200k

http://www.rightmove.co.uk/property-for-sale/property-26317882.html

Another one - This time a Bellway box for £150k

http://www.rightmove.co.uk/property-for-sale/new-homes/property-15864654.html

They are being priced at the bottom end of the market, at least.

Very good news. Thanks for posting them.

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The fact that there are houses in Corby at over 6 figs sums up how utterly bonkers it all was.

Agreed and Corby doesn't even have its own main line railway station. Need Kettering or Market Harborough for that.

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Without abundant credit the "bottom end" is nearer 50k IMO, but this is a start, and as they just sit there, and reduce in price, the sheeple get the message IT IS OVER.

Yes Sheeple. Please do not attempt to buy or finger burnies.

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OK, its Corby.

Well, not quite 'firesale' - id think £100-125k is nearer a fair price - but with a bit of Haggling, who knows.

Noticed a few of these Appearing...

Barratt new build - £159k - reduced from £200k

http://www.rightmove.co.uk/property-for-sale/property-26317882.html

Another one - This time a Bellway box for £150k

http://www.rightmove.co.uk/property-for-sale/new-homes/property-15864654.html

They are being priced at the bottom end of the market, at least.

No no, this is all wrong, it costs 200k minimum just to build a house like this.... :rolleyes:

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This is very good news.

I remember some up in Stafford selling at knock-down prices in about 1995. 4 bed - your choice of wood for the cupboards and granite worktops, etc. Your choice of carpets, etc, etc - all ready fitted.

They were selling for about 72K in 1995. Here's one now:

http://www.fish4.co.uk/ls/triicchsonl/homes/advert?adId=26601831&sid=0B3936233562522&pos=6&src=search&tot=7&Area=212255

275K. I knew someone who bought one on an Engineers wage (18K) and must be absolutely minted now.

Amazing to see 4 beds selling for about 2 * 72K now. I'd say you won't see much more off of 4-bed new builds, although if it's a rough area...

Just have to wait for people with old 4 beds to catch up now.

Edited to add: It was the Castlefields estate (clearly built and completed late - we were well into the trough by 1995).

Edited again to add: These are more like the ones that sold for 72K in 1995:

http://www.staffordpropertygazette.co.uk/for-sale/details/8163fea434444162adee31a70b49228e

and:

http://www.staffordpropertygazette.co.uk/for-sale/details/d35a4aae9dac424a9db3d9c87a8f6d42

Edited by AvidFan

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Remember houses being built like those in essex at about that time , they were about 100k , today 300k

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OK, its Corby.

Well, not quite 'firesale' - id think £100-125k is nearer a fair price - but with a bit of Haggling, who knows.

Noticed a few of these Appearing...

Barratt new build - £159k - reduced from £200k

http://www.rightmove.co.uk/property-for-sale/property-26317882.html

Another one - This time a Bellway box for £150k

http://www.rightmove.co.uk/property-for-sale/new-homes/property-15864654.html

They are being priced at the bottom end of the market, at least.

WTF is up with the windows? Are they optional extras in Corby, or is this some sort of scheme to make the houses "environmentally friendly" by having arrow slits instead of windows?

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  • 140 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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