Jump to content
House Price Crash Forum
Hopeful FTB

Brighton Into The Realms Of Insanity

Recommended Posts

Last sold for £275k a year ago.

Share this post


Link to post
Share on other sites

Last sold for £275k a year ago.

Proper.P*ss.Take. :lol:

I have the misfortune to rent in an adjacent street at the moment and the area is really dirty, lots of students so noisy at all hours, rubbish in the streets and teeny tiny dolls houses that sell for crazy amounts.

The world has gone insane and after 11 years of living in Brighton, being priced out and feeling like a kid with their nose pressed up against the sweet shop window unable to buy anything, I am getting out. soon. can't take it anymore. :blink:

Share this post


Link to post
Share on other sites

Bath and Brighton are very equally shafted

I'll see your ridiculously overpriced colourful terrace http://www.rightmove.co.uk/property-for-sale/property-29530120.html

And raise you a completely average 3 bed semi in need of intense modernisation for £375 http://www.rightmove.co.uk/property-for-sale/property-18850767.html

A "charming" 2 bed terrace for £400k http://www.rightmove.co.uk/property-for-sale/property-30111385.html

How about a 2 bed bungalow with a couple of extra slant roofed "rooms" where the only storage space used to be for £390k, next to the industrial estate on a flood plain (hence it's elevated aspect). http://www.rightmove.co.uk/property-for-sale/property-29781688.html

This is the norm in Bath now where prices seem to have jumped about £100k over the last year for no apparent reason. There are now no average semi's in Bath for under 350k. I phoned the EA of the last bungalow to see if he was on crack, i mentioned that no house in that road had ever sold for more than £260k and his reply was "ahh that's the trouble with the internet it doesn't give you a real picture of the market" and then proceeded to tell me about ONE sale recently of a similarly over priced property.

Share this post


Link to post
Share on other sites

Here's some insanity in Richmond, in the twee little 'Alberts'.

57 sq m for £525K. Just look at the room sizes - fairly typical for similar in the area.

http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=7261908

As someone said recently, when I remarked how minute they were for the money, 'Ah, well, you see, you're buying into a lifestyle.'

Silly me.

Share this post


Link to post
Share on other sites

This is the norm in Bath now where prices seem to have jumped about £100k over the last year for no apparent reason.

Similar thing in Swansea. For some reason words like conspiracy, cartel, completely barking mad and other such terms spring to mind.

At this rate within a few years a decent 3 bed semi will be about a million quid.

If you buy one of these now on a mortgage, if any bank would be stupid enough to lend on one, when IRs do eventually rise I daren't even calculate what the monthly payments will be - probably more than the average local monthly gross salary.

Share this post


Link to post
Share on other sites

Here's some insanity in Richmond, in the twee little 'Alberts'.

57 sq m for £525K. Just look at the room sizes - fairly typical for similar in the area.

http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=7261908

As someone said recently, when I remarked how minute they were for the money, 'Ah, well, you see, you're buying into a lifestyle.'

Silly me.

Imagine how much it would bring if they added a cottage style bay window like the adjoining TERRACE house.

The Alice In Wonderland economy.

Share this post


Link to post
Share on other sites

Bath and Brighton are very equally shafted

I'll see your ridiculously overpriced colourful terrace http://www.rightmove.co.uk/property-for-sale/property-29530120.html

And raise you a completely average 3 bed semi in need of intense modernisation for £375 http://www.rightmove.co.uk/property-for-sale/property-18850767.html

A "charming" 2 bed terrace for £400k http://www.rightmove.co.uk/property-for-sale/property-30111385.html

How about a 2 bed bungalow with a couple of extra slant roofed "rooms" where the only storage space used to be for £390k, next to the industrial estate on a flood plain (hence it's elevated aspect). http://www.rightmove.co.uk/property-for-sale/property-29781688.html

This is the norm in Bath now where prices seem to have jumped about £100k over the last year for no apparent reason. There are now no average semi's in Bath for under 350k. I phoned the EA of the last bungalow to see if he was on crack, i mentioned that no house in that road had ever sold for more than £260k and his reply was "ahh that's the trouble with the internet it doesn't give you a real picture of the market" and then proceeded to tell me about ONE sale recently of a similarly over priced property.

Ridiculous prices for a smorgasbord of crapholes !

With the impending closure of 3 MOD sites in the city the prices can't be being driven by the locals. As with Brighton, it must be the toxic effect of Londoners fleeing to more 'civilised' environs.

Time for some ronto rate rises to depress the London/SE market methinks, to put an end to this nonsense. Either that or tripple the London rail tickets. :lol:

Share this post


Link to post
Share on other sites

Similar thing in Swansea. For some reason words like conspiracy, cartel, completely barking mad and other such terms spring to mind.

At this rate within a few years a decent 3 bed semi will be about a million quid.

If you buy one of these now on a mortgage, if any bank would be stupid enough to lend on one, when IRs do eventually rise I daren't even calculate what the monthly payments will be - probably more than the average local monthly gross salary.

Yes and the point must be that no one is buying on mortgages in Bath any more and the few cash buyers around can be asked for any crazy amount as long as everything else on the market is similarly crazy. The houses i've linked i expect are not meant to sell but only to make the other places appear reasonably priced.

Most appropriately named estate agent award goes to www.wildandlye.com

Edited by athom

Share this post


Link to post
Share on other sites

Ridiculous prices for a smorgasbord of crapholes !

With the impending closure of 3 MOD sites in the city the prices can't be being driven by the locals. As with Brighton, it must be the toxic effect of Londoners fleeing to more 'civilised' environs.

Time for some ronto rate rises to depress the London/SE market methinks, to put an end to this nonsense. Either that or tripple the London rail tickets. :lol:

It's a big university town as well relative to the overall population, i've seen one student house come up for sale already renovated back into a family home. Something like 35,000 households and losing 3,500 jobs from the MOD though many will be handsomely pensioned off i expect.

Share this post


Link to post
Share on other sites

It's a big university town as well relative to the overall population, i've seen one student house come up for sale already renovated back into a family home. Something like 35,000 households and losing 3,500 jobs from the MOD though many will be handsomely pensioned off i expect.

Total insanity. 20 years ago you could get a better place than those for less than £50k.

Share this post


Link to post
Share on other sites

Proper.P*ss.Take. :lol:

I have the misfortune to rent in an adjacent street at the moment and the area is really dirty, lots of students so noisy at all hours, rubbish in the streets and teeny tiny dolls houses that sell for crazy amounts.

The world has gone insane and after 11 years of living in Brighton, being priced out and feeling like a kid with their nose pressed up against the sweet shop window unable to buy anything, I am getting out. soon. can't take it anymore. :blink:

you and me both ........................

Edited by i wanna house

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 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%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.