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gmang

Stoke Newington / N16

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I have been watching N16 for some time and prices have been stagnant for way too long. Now I have seen the first signs of movement, check these out with property bee:

http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=POSTCODE^548131&insId=2&radius=0.0&displayPropertyType=houses&minBedrooms=&maxBedrooms=&minPrice=&maxPrice=&retirement=&partBuyPartRent=&maxDaysSinceAdded=&_includeSSTC=on&x=63&y=14&sortByPriceDescending=false&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false

Basically, an entire "mews" development of houses that were put on the market at £475k each at the end of June 2010. None of them have sold and the prices have all been cut down to £400k. Still way too expensive given the joke of a 3 bed "house" in 660 sq. ft! But, reassuring that none have sold and the price is 16% down in 6 months.

I reckon these might go for the £250k stamp duty threshold by the end of the year.

-G

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I have been watching N16 for some time and prices have been stagnant for way too long. Now I have seen the first signs of movement, check these out with property bee:

http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=POSTCODE^548131&insId=2&radius=0.0&displayPropertyType=houses&minBedrooms=&maxBedrooms=&minPrice=&maxPrice=&retirement=&partBuyPartRent=&maxDaysSinceAdded=&_includeSSTC=on&x=63&y=14&sortByPriceDescending=false&primaryDisplayPropertyType=&secondaryDisplayPropertyType=&oldDisplayPropertyType=&oldPrimaryDisplayPropertyType=&newHome=&auction=false

Basically, an entire "mews" development of houses that were put on the market at £475k each at the end of June 2010. None of them have sold and the prices have all been cut down to £400k. Still way too expensive given the joke of a 3 bed "house" in 660 sq. ft! But, reassuring that none have sold and the price is 16% down in 6 months.

I reckon these might go for the £250k stamp duty threshold by the end of the year.

-G

That's been puzzling me for a while - what is a 'mews' development? Do the houses come with their own stable (or garage?) or something? :)

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Means the building work has been funded through mortgage equity withdrawls...

:lol:

Originally, a mews was a block of stables, i.e. houses for animals. Where sometimes people (e.g. stableman and family) would live above.

Mews seems to have taken on some other meaning.

Edited by Unsafe As Houses

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  • 285 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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