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

Anecdotals...lets Be Balanced.

Recommended Posts

I posted the thread below to tell of how a friend of mine Had to drop from £240k to sell for £207k. A very similar property had sold on his street for £239k mid 2004, so the original asking price was about right at the time. Took him a year to sell.

http://www.housepricecrash.co.uk/forum/ind...showtopic=17115

We are all in danger of filtering out the bear news and ignoring the upside...I know I do this....reading bearish articles on the blog with glee, whilst skimming over or ignoring the bullish ones.

So I invite anyone here to post their experinces (personal or those of frineds/colleagues) of people who saw similar properties sold mid 2004 and have just sold theirs for more than that in 2005.

Surely as we all talk to our friends from a bear standpoint, if they were able to buck the trend and turn a profit in the last 12 months they would be ramming it down out throats.

I for one dont know of anyone who has sold this year above last years sold prices.

James.

Share this post


Link to post
Share on other sites

I love the anecdotes on HPC. I dont want to spoil the party, but I have a bull anecdote for you.

A house in my street (NW London) sold last summer at 910k. It went back on the market in the summer for 1.1m and sold quickly. The data isnt yet out so I've no idea how close to the asking price they got. They hadnt done any improvements that I noticed.

In the roads around where I live house prices went up very sharply from 95 when average prices were about 350-400k, peaked in late 2001 at about 900k, fell back about 10%, bottoming in late 2003. Since then prices are up 20-25%. Of the three houses that have sold this year all have gone for over 1m with one at 1.2m.

My take is that the city is booming and house prices in parts of London are starting to pick up.

Share this post


Link to post
Share on other sites

I love the anecdotes on HPC. I dont want to spoil the party, but I have a bull anecdote for you.

A house in my street (NW London) sold last summer at 910k. It went back on the market in the summer for 1.1m and sold quickly. The data isnt yet out so I've no idea how close to the asking price they got. They hadnt done any improvements that I noticed.

In the roads around where I live house prices went up very sharply from 95 when average prices were about 350-400k, peaked in late 2001 at about 900k, fell back about 10%, bottoming in late 2003. Since then prices are up 20-25%. Of the three houses that have sold this year all have gone for over 1m with one at 1.2m.

My take is that the city is booming and house prices in parts of London are starting to pick up.

Hi,

Could you provide details of the property addresses and/or links to www.nethouseprices so we can make a track of the pricings?

Share this post


Link to post
Share on other sites

Hi,

Could you provide details of the property addresses and/or links to www.nethouseprices so we can make a track of the pricings?

:o Surely you have something better to do!? :o

Share this post


Link to post
Share on other sites

Property NW London

On market early spring for £800k

Dropped to £750k in the summer

Sold for £700k

This is the way to sell a property in a flat/declining market.

So come on all you tight chuffed sellers start lowering those prices!

Share this post


Link to post
Share on other sites

I love the anecdotes on HPC. I dont want to spoil the party, but I have a bull anecdote for you.

A house in my street (NW London) sold last summer at 910k. It went back on the market in the summer for 1.1m and sold quickly. The data isnt yet out so I've no idea how close to the asking price they got. They hadnt done any improvements that I noticed.

In the roads around where I live house prices went up very sharply from 95 when average prices were about 350-400k, peaked in late 2001 at about 900k, fell back about 10%, bottoming in late 2003. Since then prices are up 20-25%. Of the three houses that have sold this year all have gone for over 1m with one at 1.2m.

My take is that the city is booming and house prices in parts of London are starting to pick up.

Thanks for the anecdote B. This kind of proves my point. Only one reply of a bull story. To be honest, I'm not that worried about movements in the £1M area. These tend to be much more illiquid and there is rarely enough of a sample to spot a trend. A friend of mine lives in a flat in Chelsea valued at about £1.5M. We have discussed at length how prices in his area are largely governed by the success/spending plans of Chelsea FC.

Reductions in prices tend to feed up from the bottom. Most FTB's will not bee looking at £1M places! We are all agreed that it is the impossibility of new buyers to get into the market that kills the secondary market. Under these circumstances chain lengths increase (as we are seeing) and time it takes to sell rises too (as we are seeing).

Anyone know of any property in the £150-£200k range that sold over the summer for more than it sold for last year???

James.

What I'm really asking for

Share this post


Link to post
Share on other sites

House in Brighton belonging to someone I know sold this year quickly - three buyers interested eventually went at asking price (220k - up from 155k 4ish years ago), mind you 2 bedroom flat in Eastbourne dropped by 15k in one year (was 120k - up from 75k 4 years ago).

Share this post


Link to post
Share on other sites

I posted the thread below to tell of how a friend of mine Had to drop from £240k to sell for £207k. A very similar property had sold on his street for £239k mid 2004, so the original asking price was about right at the time. Took him a year to sell.

http://www.housepricecrash.co.uk/forum/ind...showtopic=17115

We are all in danger of filtering out the bear news and ignoring the upside...I know I do this....reading bearish articles on the blog with glee, whilst skimming over or ignoring the bullish ones.

So I invite anyone here to post their experinces (personal or those of frineds/colleagues) of people who saw similar properties sold mid 2004 and have just sold theirs for more than that in 2005.

Surely as we all talk to our friends from a bear standpoint, if they were able to buck the trend and turn a profit in the last 12 months they would be ramming it down out throats.

I for one dont know of anyone who has sold this year above last years sold prices.

James.

We bought in Ealing in January 2004 . Next door has sold last month for £155,000 more.

Share this post


Link to post
Share on other sites

We bought in Ealing in January 2004 . Next door has sold last month for £155,000 more.

£155k more!

So what was the absolute cost? Gotta be up near the seven figure mark again surely???

Share this post


Link to post
Share on other sites

This house apparently has 2 buyers after it (so I've heard it's gone for asking price ie £675,000):

http://www.rightmove.co.uk/viewdetails-932...pa_n=4&tr_t=buy

It was bought in November 2003 for £530,000. We viewed it both times - they've painted it, installed one new bathroom, and the granite in the kitchen, and put down new carpets. It still doesn't have a downstairs loo, and I understand the cellar still floods....

Edited by Bedsprings

Share this post


Link to post
Share on other sites

Thanks for the anecdote B. This kind of proves my point. Only one reply of a bull story. To be honest, I'm not that worried about movements in the £1M area. These tend to be much more illiquid and there is rarely enough of a sample to spot a trend. A friend of mine lives in a flat in Chelsea valued at about £1.5M. We have discussed at length how prices in his area are largely governed by the success/spending plans of Chelsea FC.

Reductions in prices tend to feed up from the bottom. Most FTB's will not bee looking at £1M places! We are all agreed that it is the impossibility of new buyers to get into the market that kills the secondary market. Under these circumstances chain lengths increase (as we are seeing) and time it takes to sell rises too (as we are seeing).

Anyone know of any property in the £150-£200k range that sold over the summer for more than it sold for last year???

James.

What I'm really asking for

To be fair, flats in my area dont seem to be selling. Its odd that in 2000 to 2003 flats ourperformed houses and since then its been the opposite. About half the houses are divided into 3x 2 bed flats while the rest are still 5 bed family homes. Now, the houses are worth more than the sum of the flats. This probably supports your comment that typical flat buyers (FTBs or BTLs) arent buying while people driven by circumstance (growing family etc) are. I think it also shows the shortage of houses in the area versus flats.

Share this post


Link to post
Share on other sites

£155k more!

So what was the absolute cost? Gotta be up near the seven figure mark again surely???

Nowhere near. Just under £500,000. Our house needed work done, but thats all done now. Cost us about £20,000 to do it all.

Share this post


Link to post
Share on other sites

Thanks for the anecdote B. This kind of proves my point. Only one reply of a bull story. To be honest, I'm not that worried about movements in the £1M area. These tend to be much more illiquid and there is rarely enough of a sample to spot a trend. A friend of mine lives in a flat in Chelsea valued at about £1.5M. We have discussed at length how prices in his area are largely governed by the success/spending plans of Chelsea FC.

Reductions in prices tend to feed up from the bottom. Most FTB's will not bee looking at £1M places! We are all agreed that it is the impossibility of new buyers to get into the market that kills the secondary market. Under these circumstances chain lengths increase (as we are seeing) and time it takes to sell rises too (as we are seeing).

Anyone know of any property in the £150-£200k range that sold over the summer for more than it sold for last year???

James.

What I'm really asking for

I found some .

St Johns Road, Caversham, Reading, RG4 5AL

Sold 06/08/2004 £160,000

Sold 17/06/2005 £192,500

Coldicutt Street, Caversham, Reading, RG4 8DU

Sold 22/04/2005 £186,000

Sold 24/06/2005 £195,000

Piggotts Road, Caversham, Reading, RG4 8EN

30/04/2004 £168,000

20/07/2005 £177,000

Star Road, Caversham, Reading, RG4 5BE

14/07/2004 £116,700

13/05/2005 £164,000

Share this post


Link to post
Share on other sites

All of these from one area in Derby, tried to compare this years results with last years only. As going back further than this, it would have been to many results.

01/08/2005 £173,000 Semi F/H 18, Princes Drive, Littleover, Derby, City Of Derby, DE23 6DW

10/09/2004 £105,000 Semi F/H 18, Princes Drive, Littleover, Derby, City Of Derby, DE23 6DW

14/01/2005 £145,000 Det. F/H 74, Brayfield Road, Littleover, Derby, City Of Derby, DE23 6GT

16/03/2004 £115,000 Det. F/H 74, Brayfield Road, Littleover, Derby, City Of Derby, DE23 6GT

29/03/2005 £109,950 Semi F/H 71, Oaklands Avenue, Littleover, Derby, City Of Derby, DE23 2QH

30/07/2004 £97,500 Semi F/H 71, Oaklands Avenue, Littleover, Derby, City Of Derby, DE23 2QH

5/1/2005 £204,000 Det. F/H 6, Fairford Gardens, Littleover, Derby, City Of Derby, DE23 3TJ

06/01/04 £185,000 Det. F/H 6, Fairford Gardens, Littleover, Derby, City Of Derby, DE23 3TJ

08/07/05 £196,000 Ter. F/H 55, Havenbaulk Avenue, Littleover, Derby, City Of Derby, DE23 4BL

3/9/2004 £160,000 Ter. F/H 55, Havenbaulk Avenue, Littleover, Derby, City Of Derby, DE23 4BL

17/06/2005 £97,000 Semi F/H 5, Malcolm Grove, Littleover, Derby, City Of Derby, DE23 4RU

12/03/04 £85,000 Semi F/H 5, Malcolm Grove, Littleover, Derby, City Of Derby, DE23 4RU

8/4/2005 £120,000 Det. F/H 49, Pendleside Way, Littleover, Derby, City Of Derby, DE23 4HQ

12/03/04 £50,000 Det. F/H 49, Pendleside Way, Littleover, Derby, City Of Derby, DE23 4HQ

10/3/2005 £380,000 Det. F/H 4, Shireoaks Close, Littleover, Derby, City Of Derby, DE23 1TP

14/11/2003 £337,000 Det. F/H 4, Shireoaks Close, Littleover, Derby, City Of Derby, DE23 1TP

17/09/2004 £292,500 Det. F/H 4, Hedgevale Close, Littleover, Derby, City Of Derby, DE23 3WP

26/03/2004 £280,000 Det. F/H 4, Hedgevale Close, Littleover, Derby, City Of Derby, DE23 3WP

10/05/05 £435,000 Det. F/H 39, Rowley Lane, Littleover, Derby, City Of Derby, DE23 1FT

12/12/03 £224,500 Det. F/H 39, Rowley Lane, Littleover, Derby, City Of Derby, DE23 1FT

4/3/2005 £118,125 Semi F/H 34, Oaklands Avenue, Littleover, Derby, City Of Derby, DE23 2QH

23/12/2003 £91,500 Semi F/H 34, Oaklands Avenue, Littleover, Derby, City Of Derby, DE23 2QH

4/3/2005 £195,000 Det. F/H 3, Ambervale Close, Littleover, Derby, City Of Derby, DE23 3YB

10/12/03 £188,500 Det. F/H 3, Ambervale Close, Littleover, Derby, City Of Derby, DE23 3YB

04/07/05 £131,500 Semi F/H 25, Carlisle Avenue, Littleover, Derby, City Of Derby, DE23 3ES

25/11/2003 £119,500 Semi F/H 25, Carlisle Avenue, Littleover, Derby, City Of Derby, DE23 3ES

15/04/2005 £125,000 Semi F/H 24, Austen Avenue, Littleover, Derby, City Of Derby, DE23 3EY

27/02/2004 £83,250 Semi F/H 24, Austen Avenue, Littleover, Derby, City Of Derby, DE23 3EY

01/08/05 £173,000 Semi F/H 18, Princes Drive, Littleover, Derby, City Of Derby, DE23 6DW

10/9/2004 £105,000 Semi F/H 18, Princes Drive, Littleover, Derby, City Of Derby, DE23 6DW

27/05/2005 £118,000 Semi F/H 16, Pendleside Way, Littleover, Derby, City Of Derby, DE23 4HQ

27/02/2004 £106,000 Semi F/H 16, Pendleside Way, Littleover, Derby, City Of Derby, DE23 4HQ

07/07/05 £117,000 Semi F/H 16, Eliot Road, Littleover, Derby, City Of Derby, DE23 3FB

7/5/2004 £105,950 Semi F/H 16, Eliot Road, Littleover, Derby, City Of Derby, DE23 3FB

24/06/2005 £108,000 Ter. F/H 14, Rodsley Crescent, Littleover, Derby, City Of Derby, DE23 2NY

11/03/04 £90,000 Ter. F/H 14, Rodsley Crescent, Littleover, Derby, City Of Derby, DE23 2NY

30/03/2005 £220,000 Det. F/H 14, Lime Walk, Littleover, Derby, City Of Derby, DE23 6BD

10/11/2004 £212,500 Det. F/H 14, Lime Walk, Littleover, Derby, City Of Derby, DE23 6BD

25/02/2005 £112,500 Ter. F/H 12, Bretby Square, Littleover, Derby, City Of Derby, DE23 2PF

23/04/2004 £84,950 Ter. F/H 12, Bretby Square, Littleover, Derby, City Of Derby, DE23 2PF

Share this post


Link to post
Share on other sites
Guest muttley

Here in the north west,house prices continued to rise in 2004.(Was this the same for Derby,dave?)

We became accidental STRs in Dec 2003.I am sure that today I could get 10% more for the property we sold,even in this market.

Also,it is difficult to say how many of these properties have increased in value due to some Beeney inspired flipping.I'm not suggesting they all are.

Share this post


Link to post
Share on other sites

In nottingham it is a similar story, looking at Derby and Nottingham, the market does appear to be very strong this year. All the talk of a slowdown or crash and there appears to be some serious cash being made. Have a look at the West Bridgeford sample, again I am comparing 2005 with 2004. Have posted all the good ones and the bad. I reckon I can find samples like these anywhere int he country.

Before anyone mentions it, I know 10 avon gardens look wierd, but that is how it is recorded on houseprices.co.uk

02/09/2004 249,000 Det. F/H 1, Seatoller Close, West Bridg

26/04/2005 249,995 Det. F/H 1, Seatoller Close, West Bridg 995

25/05/2005 82,225 Ter. F/H 10, Avon Gardens, West Bridgfo

25/05/2005 164,950 Ter. F/H 10, Avon Gardens, West Bridgfo 82725

03/03/2004 250,000 Semi F/H 104, Loughborough Road, West B

22/07/2005 305,000 Semi F/H 104, Loughborough Road, West B 55000

06/07/2004 205,000 Det. F/H 12, Harrow Road, West Bridgfor

16/12/2004 250,000 Det. F/H 12, Harrow Road, West Bridgfor 45000

04/02/2004 148,000 Semi F/H 12, Lutterell Way, West Bridgf

28/02/2005 166,000 Semi F/H 12, Lutterell Way, West Bridgf 18000

18/02/2004 180,000 Semi F/H 136, Trent Boulevard, West Bri

20/08/2004 165,000 Semi F/H 136, Trent Boulevard, West Bri -15000

20/08/2004 110,000 Semi F/H 153, Exchange Road, West Bridg

22/04/2005 166,000 Semi F/H 153, Exchange Road, West Bridg 56000

04/05/2005 205,975 Semi F/H 16, Cambridge Road, West Bridg

26/07/2005 195,000 Semi F/H 16, Cambridge Road, West Bridg -10975

03/05/2004 117,000 Semi F/H 163, Eltham Road, West Bridgfo

27/09/2004 179,995 Semi F/H 163, Eltham Road, West Bridgfo 62995

04/01/2004 140,000 Flat L/H 17, Marlborough Court, West Br

17/10/2004 160,000 Flat L/H 17, Marlborough Court, West Br 20000

25/06/2004 197,000 Ter. F/H 20, Julian Road, West Bridgfor

21/07/2005 212,500 Ter. F/H 20, Julian Road, West Bridgfor 15500

09/01/2004 219,950 Semi F/H 21, Chatsworth Road, West Brid

02/04/2004 155,000 Semi F/H 21, Chatsworth Road, West Brid -64950

12/01/2004 181,795 Flat L/H 21, Stokesay Walk, West Bridgf

30/11/2004 154,526 Flat L/H 21, Stokesay Walk, West Bridgf -27269

15/10/2004 165,000 Semi F/H 22, Leahurst Gardens, West Bri

18/03/2005 160,000 Semi F/H 22, Leahurst Gardens, West Bri -5000

26/03/2004 272,000 Ter. F/H 23, Wenlock Drive, West Bridgf

31/05/2005 281,000 Ter. F/H 23, Wenlock Drive, West Bridgf 9000

20/08/2004 165,000 Det. F/H 25, Stanhome Square, West Brid

15/04/2005 180,000 Det. F/H 25, Stanhome Square, West Brid 15000

15/04/2005 150,000 Ter. F/H 37, Northwold Avenue, West Bri

20/05/2005 153,000 Ter. F/H 37, Northwold Avenue, West Bri 3000

10/12/2004 147,645 Flat L/H 41, Wenlock Drive, West Bridgf

10/12/2004 179,600 Flat L/H 41, Wenlock Drive, West Bridgf 31955

07/09/2004 210,000 Det. F/H 42, Cranberry Close, West Brid

25/02/2005 230,000 Det. F/H 42, Cranberry Close, West Brid 20000

03/09/2004 140,000 Ter. F/H 42, Manvers Road, West Bridgfo

03/10/2005 188,000 Ter. F/H 42, Manvers Road, West Bridgfo 48000

10/07/2004 110,000 Det. F/H 48, South Road, West Bridgford

03/02/2005 151,000 Det. F/H 48, South Road, West Bridgford 41000

24/05/2004 190,100 Det. F/H 49, Stanhome Drive, West Bridg

20/06/2005 249,000 Det. F/H 49, Stanhome Drive, West Bridg 58900

15/12/2004 112,500 Flat L/H 5, Wordsworth Road, West Bridg

15/12/2004 112,500 Flat L/H 5, Wordsworth Road, West Bridg 0

15/12/2004 190,000 Det. F/H 5, Wordsworth Road, West Bridg 77500

23/01/2004 182,000 Det. F/H 55, Green Leys, West Bridgford

28/01/2005 240,000 Det. F/H 55, Green Leys, West Bridgford 58000

27/02/2004 135,000 Ter. L/H 6, Gardens Court, West Bridgfo

27/02/2004 135,000 Ter. L/H 6, Gardens Court, West Bridgfo 0

12/10/2004 145,000 Ter. L/H 6, Kingfishers Court, West Bri

24/06/2005 154,000 Ter. L/H 6, Kingfishers Court, West Bri 9000

01/08/2004 325,000 Det. F/H 71, Musters Road, West Bridgfo

15/07/2005 500,000 Det. F/H 71, Musters Road, West Bridgfo 175000

30/01/2004 147,500 Semi F/H 74, Blake Road, West Bridgford

27/08/2004 182,000 Semi F/H 74, Blake Road, West Bridgford 34500

22/07/2004 116,000 Flat L/H 74, Rivermead, West Bridgford,

02/11/2005 119,000 Flat L/H 74, Rivermead, West Bridgford, 3000

23/03/2004 177,000 Det. F/H 77, South Road, West Bridgford

01/07/2005 265,000 Det. F/H 77, South Road, West Bridgford 88000

09/08/2004 193,000 Semi F/H 8, Glebe Road, West Bridgford,

24/06/2005 238,000 Semi F/H 8, Glebe Road, West Bridgford, 45000

28/06/2004 153,995 Flat L/H 89, Wenlock Drive, West Bridgf

07/05/2005 152,500 Flat L/H 89, Wenlock Drive, West Bridgf -1495

09/07/2004 135,000 Ter. F/H 9, Edwinstowe Avenue, West Bri

21/01/2005 140,000 Ter. F/H 9, Edwinstowe Avenue, West Bri 5000

28/01/2005 240,000 Semi F/H 91, Mona Road, West Bridgford,

04/08/2005 245,000 Semi F/H 91, Mona Road, West Bridgford, 5000

06/04/2004 100,000 Flat L/H Willow Court, 9, Stowe Avenue,

13/05/2005 120,000 Flat L/H Willow Court, 9, Stowe Avenue, 20000

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.

  • 301 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.