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rantnrave

New To The Market At 2005 Price

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Just spotted this on Rightmove. New to the market today and it's on for the exact sold price in 2005. I'm not saying it's a bargain, but here's a vendor who has straight away accepted that he/she has made no nominal profit on their house over the last six years. They are also accepting a loss in real terms. Finally, they will get less than asking price round these parts, so they are going to end up with a haircut anyway despite their realism.

£149,950

11, Poplar Close, St Martins, Oswestry, SY11

Last available sold price: £149,950 15 Apr 2005

Edited by rantnrave

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Just spotted this on Rightmove. New to the market today and it's on for the exact sold price in 2005. I'm not saying it's a bargain, but here's a vendor who has straight away accepted that he/she has made no nominal profit on their house over the last six years. They are also accepting a loss in real terms. Finally, they will get less than asking price round these parts, so they are going to end up with a haircut anyway despite their realism.

£149,950

11, Poplar Close, St Martins, Oswestry, SY11

Last available sold price: £149,950 15 Apr 2005

Need to consider how much rent would have been in 6 years and the buy/sell/maintenance costs to see if they actually made a loss.

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Just spotted this on Rightmove. New to the market today and it's on for the exact sold price in 2005. I'm not saying it's a bargain, but here's a vendor who has straight away accepted that he/she has made no nominal profit on their house over the last six years. They are also accepting a loss in real terms. Finally, they will get less than asking price round these parts, so they are going to end up with a haircut anyway despite their realism.

£149,950

11, Poplar Close, St Martins, Oswestry, SY11

Last available sold price: £149,950 15 Apr 2005

It's been on the market since 24/05/10. Starting price was £162,950.

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There were a lot of people in 2005 (me included) who often thought prices THEN were a big bubble, now it seems buyers pray for 2005 prices and in some cases even for 'peak' 2007 prices. No end to the nightmare so far

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There were a lot of people in 2005 (me included) who often thought prices THEN were a big bubble, now it seems buyers pray for 2005 prices and in some cases even for 'peak' 2007 prices. No end to the nightmare so far

2001 for me. :lol:

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Just spotted this on Rightmove. New to the market today and it's on for the exact sold price in 2005. I'm not saying it's a bargain, but here's a vendor who has straight away accepted that he/she has made no nominal profit on their house over the last six years. They are also accepting a loss in real terms. Finally, they will get less than asking price round these parts, so they are going to end up with a haircut anyway despite their realism.

£149,950

11, Poplar Close, St Martins, Oswestry, SY11

Last available sold price: £149,950 15 Apr 2005

Shame it's in St Martins. Avoid. :ph34r:

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2001 for me. :lol:

They've been high in the UK for ages, I'll coin a term for it, British Inflated Property Phenomenon, I can't really remember when UK property wasn't expensive, and it's not unique to Britain, where I am abroad now the prices are ridiculous in the cities and the suburbs, and that's with interest rates at 5%

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Christ!

I didn't know they made places that small! :o

I think this must depend on your perspective - looks an OK house to me. Certainly bigger than the one my grandma has lived in for 80 years and in which my Mum grew up.

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There were a lot of people in 2005 (me included) who often thought prices THEN were a big bubble, now it seems buyers pray for 2005 prices and in some cases even for 'peak' 2007 prices. No end to the nightmare so far

It's crazy isn't it, and the thing is if I could get a decent house for it's 2005 value in my desired area I'd seriously consider it. All I've seen at the level so far have been the odd repossessed flat.

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  • 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% +
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