Jump to content
House Price Crash Forum
Sign in to follow this  
Mick_Jagger

Sensible New Build Prices

Recommended Posts

Some have unfairly berated house builders as greedy, profit driven monsters. But you cannot argue that these are sensible prices aimed at a specific market. With the increase in availability of FTB mortgages and sensible prices like these, the new build market could well be on the road to recovery!

http://www.barratthomes.co.uk/Find-a-Home/New-Developments/H4993-Pennine-View/?mode=2

Share this post


Link to post
Share on other sites

Some have unfairly berated house builders as greedy, profit driven monsters. But you cannot argue that these are sensible prices aimed at a specific market. With the increase in availability of FTB mortgages and sensible prices like these, the new build market could well be on the road to recovery!

http://www.barrattho...ne-View/?mode=2

The sink estate that is Hattersley, home to renowned folks like Myra Hindley and Harold Shipmen (technically Mottram but close enough).

I'd have to look very carefully at where this development was planned to decide whether these prices are vastly over priced or merely delusional.

Edited by GBdamo

Share this post


Link to post
Share on other sites

Some have unfairly berated house builders as greedy, profit driven monsters. But you cannot argue that these are sensible prices aimed at a specific market. With the increase in availability of FTB mortgages and sensible prices like these, the new build market could well be on the road to recovery!

http://www.barratthomes.co.uk/Find-a-Home/New-Developments/H4993-Pennine-View/?mode=2

Handy for the M67.

Share this post


Link to post
Share on other sites

It's five miles from Stockport.

The post code comes up as 47 in the ACORN classifications "low rise terraced estates of poorly off workers". Well, when they say workers... According to the ONS, in the LSOA which includes this postcode 34% of the population are on JSA or IB. And according to a local health needs assessment, the four LSOAs which form the Hattersley area fall into the 5% most deprived areas in the country.

£82,500 gets you a terraced house in the area 150 metres from the postcode according to nethouseprices.

Share this post


Link to post
Share on other sites

The sink estate that is Hattersley, home to renowned folks like Myra Hindley and Harold Shipmen (technically Mottram but close enough).

I'd have to look very carefully at where this development was planned to decide whether these prices are vastly over priced or merely delusional.

In what way are they overpriced and what, in your opinion is a reasonable price??

Nope

Share this post


Link to post
Share on other sites

In what way are they overpriced and what, in your opinion is a reasonable price??

Nope

Welcome to Hattersley,

2 Bed - £66,000

3 Bed - £75,000

3 Bed - £90,000

These are all on the market today. Now look at the link below.

5 Underwood Rd

What has happened in that area to warrant this rise in value? Short of nuking the place, I'd argue, nothing.

Now Hattersley is a dump that is smack in the middle of some nicer, and some very nice, areas. So as I said -

I'd have to look very carefully at where this development was planned to decide whether these prices are vastly over priced or merely delusional."

Now the development you linked to in you OP is just round the corner from Underwood road, the lower end of Hattersley and still on the main estate, so I would say they are roughly 40-50% overpriced for that area.

Just because you're properties are less stupidly overpriced that others does not make them good value - better value maybe, but not good value.

Edited to correct links

Edited by GBdamo

Share this post


Link to post
Share on other sites

Some have unfairly berated house builders as greedy, profit driven monsters. But you cannot argue that these are sensible prices aimed at a specific market. With the increase in availability of FTB mortgages and sensible prices like these, the new build market could well be on the road to recovery!

1559606_340_1116081430036-spam.jpg

Share this post


Link to post
Share on other sites

If you want to see where it is, go to Google maps, put in the post code, then on Streetview go along Hattersley Road West away from Mottram Road until you get to the Hare Hill Tavern on the left. The site is the piece of open ground on the right, opposite Underwood Road, sloping lightly down, between Hattersley Road West and Hare Hill Road.

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...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 293 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.