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Best I can do is this one: http://www.rightmove...country=england

Add a conservatory and a lick of paint and you get an asking price 50% above a 2006 sold price.

That asking price. :lol:

That kitchen area to open conservatory. :lol:

Can't imagine it's easy or cheap to keep warm for much of the year, especially if the conservatory has polycarbonate roof. Then all the noise when it rains. Weird gutter/drain off as well, in my opinion. Yet super-big TV in there.

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  • 4 weeks later...

Spotted this little beauty in the window when I was walking through Cheadle at the weekend. Perhaps the most ambitious asking price I've ever seen in Cheadle.

http://www.mkiea.co....daylesford-road

:lol:

It's on Rightmove and has been reduced a little.. just a little. Man up to the price, for it has fancy LEDs or something.

Listings like this just make me give up on idea of ever owning. Sellers in command, holding market hostage to ever higher prices, and 'victim' buyers meeting them along the way. Where we should have crash, we have house price hyperinflation instead.

http://www.rightmove.co.uk/property-for-sale/property-42052768.html?premiumA=true

http://www.rightmove.co.uk/property-for-sale/property-44640467.html?premiumA=true

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:lol:

It's on Rightmove and has been reduced a little.. just a little. Man up to the price, for it has fancy LEDs or something.

Listings like this just make me give up on idea of ever owning. Sellers in command, holding market hostage to ever higher prices, and 'victim' buyers meeting them along the way. Where we should have crash, we have house price hyperinflation instead.

http://www.rightmove.co.uk/property-for-sale/property-42052768.html?premiumA=true

http://www.rightmove.co.uk/property-for-sale/property-44640467.html?premiumA=true

Last sold in 2007 for £285,000. Extension on the back, poncey bathrooms and a bit of naff lighting. Easy to see where the vendor has got their £400,000 premium from.

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Last sold in 2007 for £285,000. Extension on the back, poncey bathrooms and a bit of naff lighting. Easy to see where the vendor has got their £400,000 premium from.

Really... I didn't check sold prices, but will accept what you say.

Something seems very wrong...

This one doesn't top yours, but still knocks me out.

Heaton Moor... http://www.rightmove.co.uk/property-for-sale/property-29418396.html

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Really... I didn't check sold prices, but will accept what you say.

http://www.zoopla.co.uk/property/46-daylesford-road/cheadle/sk8-1lf/21517459

Zoopla Estimate £265,789 :rolleyes:

Again not in the same league, but I found this interesting:

http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=42386605&sale=50675819&country=england

Looks like a BTL bought at £170K to rent out for £695 per month.

4.9% yield at most. That's ignoring the purchase costs, voids and the rest. Boomer with nowhere better to put their money?

To compete with that as a buyer would cost you £1000 a month (Using HTB @ 5.49%, 25 years with a 8.5K deposit).

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http://www.zoopla.co...k8-1lf/21517459

Zoopla Estimate £265,789 :rolleyes:

Again not in the same league, but I found this interesting:

http://www.rightmove...country=england

Looks like a BTL bought at £170K to rent out for £695 per month.

4.9% yield at most. That's ignoring the purchase costs, voids and the rest. Boomer with nowhere better to put their money?

To compete with that as a buyer would cost you £1000 a month (Using HTB @ 5.49%, 25 years with a 8.5K deposit).

I like they way you think.

Other sales in same postcode: http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=POSTCODE^777991&searchLocation=SK6+4PE&referrer=landingPage

I'm coming to the conclusion we're doomed though. More probability it will drag out like Japan for decades, which means the landlord above may have made the right decision with the malinvestment on "it's not earning anything in the bank."

Main reason... the forum has too many people forming a cretinous shield around 'innocent younger buyers' with millions of excuses why they're victims, protecting the position of older outright and equity rich owners, BTLer 'investors' (even those who've been gobbling up houses for years for their portfolios). And just about every other property investor including foreign funny money outright buyers. No stomach for a crash here, which doesn't bode well, if even those at HPC can't get their act together.

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I like they way you think.

Other sales in same postcode: http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=POSTCODE^777991&searchLocation=SK6+4PE&referrer=landingPage

I'm coming to the conclusion we're doomed though. More probability it will drag out like Japan for decades, which means the landlord above may have made the right decision with the malinvestment on "it's not earning anything in the bank."

Main reason... the forum has too many people forming a cretinous shield around 'innocent younger buyers' with millions of excuses why they're victims, protecting the position of older outright and equity rich owners, BTLer 'investors' (even those who've been gobbling up houses for years for their portfolios). And just about every other property investor including foreign funny money outright buyers. No stomach for a crash here, which doesn't bode well, if even those at HPC can't get their act together.

The trick is to create your own personal crash. I sat it out for years but finally bought last year after identifying an opportunity. Paid a 2003 price which you may still think is too much but in real times I feel it was reasonable value. The house is on a decent road in Cheadle Hulme but was the ugly duckling on the street and needed work. I suspect this put boomer btl wannabes off as it was not a ready made rental for them. I am happy to do the work needed over the long term while I actually live in it.

Having watched the vendor drop the price using property bee I identified them as a motivated seller and eventually agreed at 25% off the original asking price. I suppose what I'm trying to say is that in spite of the stubborness of the wider market it is still possible to secure a property for a reasonable price.

I would have much preferred to have been at a house buying age during a period of sensible prices, so that my wife and I could have perused the market at our leisure and selected our dream house, but ultimately you just have to play the hand life deals you.

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2 bedroom house round the corner from us has just gone SSTC after about 2 weeks on the market for 20k more than the asking prices last year.... seeing price inflation and it's just frankly depressing.

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The trick is to create your own personal crash. I sat it out for years but finally bought last year after identifying an opportunity. Paid a 2003 price which you may still think is too much but in real times I feel it was reasonable value. The house is on a decent road in Cheadle Hulme but was the ugly duckling on the street and needed work. I suspect this put boomer btl wannabes off as it was not a ready made rental for them. I am happy to do the work needed over the long term while I actually live in it.

Having watched the vendor drop the price using property bee I identified them as a motivated seller and eventually agreed at 25% off the original asking price. I suppose what I'm trying to say is that in spite of the stubborness of the wider market it is still possible to secure a property for a reasonable price.

I would have much preferred to have been at a house buying age during a period of sensible prices, so that my wife and I could have perused the market at our leisure and selected our dream house, but ultimately you just have to play the hand life deals you.

I totally agree with you. It's just that such opportunities are not very common.

I've had one opportunity to buy at a 2003 price in recent times, but stupidly I was influenced by loved ones who weren't that keen on it. Needed work, small and dingy... but in a really nice pocket of an area. Home and happiness is what you make it, I think. Small is good enough for me, if fairish value in nice area. Where I've got some chance of surviving changes in economy / rate rises vs jumbo mortgage.

Let me congratulate you. I know it can be done, but it's just so rare. Also Cheadle Hulme rates quite highly in my areas for buying (in my top 4). It sounds like you've made a good choice at an opportune moment.

I now recall we both held an interest on that house that went to auction, just off Hulme Hall Road. Both of us surprised what it ended up selling for.

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I totally agree with you. It's just that such opportunities are not very common.

I've had one opportunity to buy at a 2003 price in recent times, but stupidly I was influenced by loved ones who weren't that keen on it. Needed work, small and dingy... but in a really nice pocket of an area. Home and happiness is what you make it, I think. Small is good enough for me, if fairish value in nice area. Where I've got some chance of surviving changes in economy / rate rises vs jumbo mortgage.

Let me congratulate you. I know it can be done, but it's just so rare. Also Cheadle Hulme rates quite highly in my areas for buying (in my top 4). It sounds like you've made a good choice at an opportune moment.

I now recall we both held an interest on that house that went to auction, just off Hulme Hall Road. Both of us surprised what it ended up selling for.

Well remembered, that Hulme Hall Ave property went for daft money and needed quite a bit of work.

Thanks for the good wishes. Hope you have a good opportunity come along sooner rather than later.

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Well remembered, that Hulme Hall Ave property went for daft money and needed quite a bit of work.

Thanks for the good wishes. Hope you have a good opportunity come along sooner rather than later.

Yes; it shocked me what it sold for. And thanks Sharpey.

Looks like someone had some issues along the way with this house. Looks like some sort of new extension built to the side. Streetview, doing a 360 from where it originally places you, shows a caravan at the front, and a speedboat at the rear.

http://www.rightmove.co.uk/property-for-sale/property-43269838.html?premiumA=true

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Just wondering if anyone had any experience of living in Levenshulme?

We're looking at buying a house in the West Point/Rushford Park conservation area. It wasn't an area I'd considered before and we were looking in the Heatons but having seen how much more house we can get for the money (3/4 bed Victorian house full of period features for around £300/320k) we're tempted by Levenshulme! I also know a few friends of friends who have moved there recently and keep hearing that it's going to be the new Chorlton! There are a couple of nice trendy cafes and a popular market so I think it would't be such a bad place to live and the conservation area is beautiful.

Slightly concerned about buying at the top of levenshulmes market though. Any thoughts?

Thanks

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Just wondering if anyone had any experience of living in Levenshulme?

We're looking at buying a house in the West Point/Rushford Park conservation area. It wasn't an area I'd considered before and we were looking in the Heatons but having seen how much more house we can get for the money (3/4 bed Victorian house full of period features for around £300/320k) we're tempted by Levenshulme! I also know a few friends of friends who have moved there recently and keep hearing that it's going to be the new Chorlton! There are a couple of nice trendy cafes and a popular market so I think it would't be such a bad place to live and the conservation area is beautiful.

Slightly concerned about buying at the top of levenshulmes market though. Any thoughts?

Thanks

I slept over a few times at a friend's rented place back in the mid-90s.. just off Broom Lane, which they said was Levenshulme to me, although I'm not so sure if it is. That's no help to you at all though. I wasn't aware of any Conservation area of Levenshulme.

Ah I've just had a nosey at the conservation area. It seems more up on the Kingsway side... Dropped the streetview man there somewhere random, and a lovely leafy road with very nice housing. Just done a search on Rightmove too... a few very fine looking houses. I can see some advantages to that location (short commute), but the price-range you're talking makes me feel a bit uneasy.

If there is a pullback in the market, maybe there will be more opportunity for value in that area, if not as many potential buyers yet know it/recognise it/see it as a good location to live? It's no surprise your friends are talking up the area, and they may be happy there and right to do so. Do many others though, yet, say vs the more established and larger Heaton Moor primer areas? Good luck though.

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  • 2 weeks later...

http://www.rightmove...country=england

SK8 madness confirmed. Somebody paid nearly half a million to live in Heald Green.

Nice big house, but still, you don't pay that to live round there. They must like planes.

When it comes to the housing market it feels like I'm in a multi-year constant struggle with a Dexter-strength (non-code) big knife wielding psychopath.

And with that above today it's 2 blows to my stomach, wrist flipped Aikido style to the floor, heavily winded. Pinned down heavily with weight on my chest and arms, knife coming down.

Then I recall there was this in same area a few weeks ago - very near the station - giving me strength to feint my head and avoid the fatal blow, then slip free.

http://www.rightmove.co.uk/property-for-sale/property-38568862.html

Sold when it got reduced, and finance is pretty tight for self-build, in my view of the market. Going the right way, just too many land hoarders not under any pressure to sell for what they think it's worth.

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I didn't think that could be topped, but I have a contender.

<Drumroll> ... a half million pound bungalow in Offerton:

http://www.rightmove...y-43523866.html

Yours tops mine, but it makes me feel weak and helpless, seeing such asking prices. Maybe they're hoping to get a super-expensive-house downsizer to overpay for bungalow in Stockport area. Being marketed for sale by Express EA.

Bought for £250K in 2007: http://www.rightmove...country=england

Same postcode, this also sold in 2007, but they took a £65K loss on it when selling in 2012. (or at least it appears that way)

http://www.rightmove...country=england

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I didn't think that could be topped, but I have a contender.

<Drumroll> ... a half million pound bungalow in Offerton:

http://www.rightmove.co.uk/property-for-sale/property-43523866.html

that HAS to be a typo.

Surely its not even worth that if you demolished and built 2 houses on the plot - which would be a squeeze.

Edited by 7 Year Itch
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  • 3 weeks later...

Which thread to put this in... busy day for me yesterday. Was on the M60, flicked through the radio and heard BBC Manchester discussing housing market.

At some point there was a woman in her 80s saying how she first bought a house, and had to save for deposit, then upsized to a big family home (again impression this was decades ago), and had to do without (ect ect ect). Not sure of her location in Greater Manchester but possibly North Manchester. Now wants to downsize but buyers can't get a mortgage. Her kids long gone.

Said if she had her time again she'd think very carefully whether she would have bought the big family home, over a smaller house (costs ect running it now). Summary, wants to downsize, but buyers not sacrificing enough for her. Then goes into a rant how if she'd been feckless she'd get free care when she needs it in future, rather than gov coming for the house. Presenter says that even if she downsizes they'd come for the smaller home, and any cash she had left from sale. He made out he'd spend up in that situation, to get free care.

Then there was this (I didn't catch what this 'breaking point' release was all about, earlier in the show - and I've not listened to earlier part on iplayer either. Although rest of the show was all making out the breaking point was flawed, reassuring each other prices nice and fine and good):

Mike.S (from 9am) below beginning at 46mins, 57 secs

http://www.bbc.co.uk/programmes/p01wrglq (6 days left to listen)

Rough transcript.

Now the National Housing Federation - a bit of an apocryphal release from them saying Greater Manchester housing market is reaching breaking point... Kate Faulkner a property expert who was with us earlier saying 'not necessarily' -... you cut your cloth.. - and someone texted in saying you can buy a house for £40,000 in parts of Bolton.
~Roger Dean is with Roger Dean Estate Agents based in Timperley (Roger speaking to him from holiday in Palma.. saying he was about to put a T-shirt on because it was hotting up)
I'm in South Trafford basically.. buying your first house has never been a cheap exercise, its always been a pretty stiff affair. Well it was particular hard up to the government changing their policy on you know, this guaranteeing 15% of the loan. Prior to that between 07 and that coming in the first time buyer market virtually came to a standstill because we were asking people for £20,000 to £25,000 deposit - which is a huge sum. When it used to be around £5,000.
~What would your solution be to that Roger?
Well we've got the solution in that the Government has come up with this scheme of guaranteeing the first 15% of the loan, so the lender still lends all the money, its just that the government gives a guarantee. And if the house is 100K then they guarantee 15K of it if the loan goes wrong. Now at the moment the chances of the loan going wrong are less than they were some time ago because the market is rising, and if someone is struggling with their mortgage well okay they sell the house at a small profit or at least they get out with no loss. Now when the market was struggling you've got an area where people were saying you know we've lost our deposit, there's nothing in it for us here, we'll walk away. And you know that's no good for anyone.
~ What's your thoughts on the housing market at the moment; are we in a bubble, or is this just a natural gradual rise slightly that will level off?
No it's rising because there is a lot more confidence about - you know we've noticed since probably September last year.. it's just infinitely better. Virtually I would say everything that's realistically priced is selling, at very close if not the asking price.
~ Am I right in thinking that if I wanted to live in Timperley but couldn't afford that £100K minimum, if I moved 2 or 3 miles out from Timperley in certain directions I would find something at less than 100 grand?
Oh yeah.
~ So what you've got to be is realistic.
Well in actual fact in Timperley the figure of 100 thousand er is too low. It's probably around 130 but if you move over the border into the Manchester zoning, Baguley, those areas, you certainly will get fixed up. It'll be an ex-council house, but you know, great house nonetheless.
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Which thread to put this in... busy day for me yesterday. Was on the M60, flicked through the radio and heard BBC Manchester discussing housing market.

At some point there was a woman in her 80s saying how she first bought a house, and had to save for deposit, then upsized to a big family home (again impression this was decades ago), and had to do without (ect ect ect). Not sure of her location in Greater Manchester but possibly North Manchester. Now wants to downsize but buyers can't get a mortgage. Her kids long gone.

Said if she had her time again she'd think very carefully whether she would have bought the big family home, over a smaller house (costs ect running it now). Summary, wants to downsize, but buyers not sacrificing enough for her. Then goes into a rant how if she'd been feckless she'd get free care when she needs it in future, rather than gov coming for the house. Presenter says that even if she downsizes they'd come for the smaller home, and any cash she had left from sale. He made out he'd spend up in that situation, to get free care.

Then there was this (I didn't catch what this 'breaking point' release was all about, earlier in the show - and I've not listened to earlier part on iplayer either. Although rest of the show was all making out the breaking point was flawed, reassuring each other prices nice and fine and good):

Mike.S (from 9am) below beginning at 46mins, 57 secs

http://www.bbc.co.uk/programmes/p01wrglq (6 days left to listen)

Rough transcript.

Tragic.
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Well in actual fact in Timperley the figure of 100 thousand er is too low. It's probably around 130 but if you move over the border into the Manchester zoning, Baguley, those areas, you certainly will get fixed up. It'll be an ex-council house, but you know, great house nonetheless

Living the dream.

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