SarahBell Posted October 30, 2010 Share Posted October 30, 2010 http://ryderanddutton.wordpress.com/ This immediately precludes the disappointment this couple will have felt when told they could not afford a first home at the value of £175,000 having set their hearts on a property, which realistically most would consider as a second-purchase. Perhaps they're ignoring the 2010 budget helps first-time buyers with stamp duty dropped on homes under £250,000... Quote Link to comment Share on other sites More sharing options...
rantnrave Posted October 30, 2010 Share Posted October 30, 2010 By the third article, they even resort to quoting Obama to encourage people to dabble in the housing market. Desperate or what . Quote Link to comment Share on other sites More sharing options...
corevalue Posted October 30, 2010 Share Posted October 30, 2010 It is more than feasible to see in the market at the moment a selection of modernised and attractive terraced homes costing in the region of £80,000. Not around here mate. More like triple that, with some of the more desirable ones going for 5 or 6 times as much. Example, yours for a fraction under£600 grand, a real bargain: Terrace in Cambridge. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted October 30, 2010 Share Posted October 30, 2010 3) The Finance Factor Particularly this year, it is worth considering getting your property on the market in advance of the New Year due to the VAT increase the UK is facing, with rates rising from 17.5% to 20%. What that rise means for you is additional costs in solicitors, surveys and estate agency fees, as well as the ripple effect on the economy a VAT increase creates. Essentially increasing the VAT rates means that living costs in general will rise, isn’t it worth saving that 2.5% in the few months leading up to 2011, so that you have that little bit extra to help you cope with the rise in costs next year? So they think that despite living costs rising people will still be able to spend more on houses not that prices might fall as a result? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted October 30, 2010 Share Posted October 30, 2010 Not around here mate. More like triple that, with some of the more desirable ones going for 5 or 6 times as much. Example, yours for a fraction under£600 grand, a real bargain: Terrace in Cambridge. Good god that house is dreadful for £595k. It 's number 37 and last sold in August 2006 for £170k http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=HARDWICK+STREET&locality=CAMBRIDGE&town=CAMBRIDGE&cCode=EW&year=All&house_style=All&house_age=All&search_radius=15&outcode=CB3&incode=9JA&eastingToSearch=54420&northingToSearch=25730 Quote Link to comment Share on other sites More sharing options...
corevalue Posted October 30, 2010 Share Posted October 30, 2010 Good god that house is dreadful for £595k. It 's number 37 and last sold in August 2006 for £170k http://www.nethousep...gToSearch=25730 And to think a recent report said that house prices might fall in Cambridge, a lot The cheapest property at the same EA is a one-bed flat for £169,950 (SSTC), in a rather crowded area near the railway line, and let's not discuss service charges or lease terms. How many times the average wage is that? Quote Link to comment Share on other sites More sharing options...
the flying pig Posted October 31, 2010 Share Posted October 31, 2010 (edited) Good god that house is dreadful for £595k. It 's number 37 and last sold in August 2006 for £170k http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=HARDWICK+STREET&locality=CAMBRIDGE&town=CAMBRIDGE&cCode=EW&year=All&house_style=All&house_age=All&search_radius=15&outcode=CB3&incode=9JA&eastingToSearch=54420&northingToSearch=25730 that seems to odd too be true even in our miserable land of the cult of pwoperdee. Edited October 31, 2010 by the flying pig Quote Link to comment Share on other sites More sharing options...
Fool's Gold Posted October 31, 2010 Share Posted October 31, 2010 Not around here mate. More like triple that, with some of the more desirable ones going for 5 or 6 times as much. Example, yours for a fraction under£600 grand, a real bargain: Terrace in Cambridge. Good grief! Quote Link to comment Share on other sites More sharing options...
Cinzano Bianco Posted October 31, 2010 Share Posted October 31, 2010 Good god that house is dreadful for £595k. It 's number 37 and last sold in August 2006 for £170k http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=HARDWICK+STREET&locality=CAMBRIDGE&town=CAMBRIDGE&cCode=EW&year=All&house_style=All&house_age=All&search_radius=15&outcode=CB3&incode=9JA&eastingToSearch=54420&northingToSearch=25730 Weird. 37 Hardwick Street Notice in 2002 it sold for £295K. With regards to the current asking price - words fail me. I should think around the £150K mark would be more realistic. Quote Link to comment Share on other sites More sharing options...
corevalue Posted October 31, 2010 Share Posted October 31, 2010 Weird. 37 Hardwick Street Notice in 2002 it sold for £295K. With regards to the current asking price - words fail me. I should think around the £150K mark would be more realistic. Well, I did say it was one of the better ones around here. Here's an example of a not so good one. In need of "modernisation", and it's still more than twice the price of the EA blog's claim, and 50% more than 150K. This isn't London, this is a provincial town with lots of public sector employees. It's barking mad, when is it going to end? Yours for a mere £220,000, in HOPE Street (they didn't build a Despair Row): Dear at half the price Quote Link to comment Share on other sites More sharing options...
Cinzano Bianco Posted October 31, 2010 Share Posted October 31, 2010 Well, I did say it was one of the better ones around here. Here's an example of a not so good one. In need of "modernisation", and it's still more than twice the price of the EA blog's claim, and 50% more than 150K. This isn't London, this is a provincial town with lots of public sector employees. It's barking mad, when is it going to end? Yours for a mere £220,000, in HOPE Street (they didn't build a Despair Row): Dear at half the price Shit the bed, utterly insane... if (when?) it does hit the fan, it really will be a long way down. I think we are staring down the barrel of a Japan style lost decade - or more... Quote Link to comment Share on other sites More sharing options...
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