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Anyone else seeing an upturn in 'extreme kite-flying'?


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HOLA441
On 29/10/2016 at 2:07 PM, Si1 said:

Kite flying in a repainted terrace in a Leeds estate

 

Quarter of a mill

 

http://www.whitegates.co.uk/property/for-sale/276833

 

Hilarious. I remember looking at place for under half that one street away from there.  Admittedly, this is the "posh" bit of Bramley, but you are surrounded by distinctly average - even dodgy - streets.

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HOLA442
On 29/10/2016 at 2:07 PM, Si1 said:

Kite flying in a repainted terrace in a Leeds estate

 

Quarter of a mill

 

http://www.whitegates.co.uk/property/for-sale/276833

 

Hilarious. I remember looking at place for under half that one street away from there.  Admittedly, this is the "posh" bit of Bramley, but you are surrounded by distinctly average - even dodgy - streets.

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  • 2 weeks later...
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HOLA446
5 hours ago, nome said:

Increased 25% in value in just 18 months, not one penny spent on it since it last sold in 2014 for £233k...

 

http://www.rightmove.co.uk/property-for-sale/property-62476145.html?onetime_savedPropertyId=62476145#summary62476145

You mean 'increased in asking price' ;)

No idea what the market is like there however, just watch it go for more...

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HOLA447
15 hours ago, btd1981 said:

You mean 'increased in asking price' ;)

No idea what the market is like there however, just watch it go for more...

Unfortunately I'll almost certainly be proved wrong by describing the price as kite flying... some mug will come along and pay it, completely oblivious or unconcerned about  the fact that it's 25% higher than 18 months ago.

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27 minutes ago, btd1981 said:

"It's the monthly payments, innit..."

And.... ''just look it's gone up 25% in the last 18 months! That means it's going to keep going up by 25% every 18 months for ever and ever, quick lets snap it up right now'' 

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But....but....I've just seen the opposite....lots of lovely reductions.  Every week (on Saturday) for the past few years I've looked at all the properties added in the past 7 days on RM in various places along the M4 and this year for the first time I've found 50% reductions in Cardiff!!    81/164 (allowing for double entries).  I thought the HPC would start in London and then spread outwards but it looks like it's leapfrogged as nowhere else I monitor has this many reductions.

Maybe Ros has put her property empire on the market and it ain't selling:D

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This is a place in Tideslea Path, West Thamesmead.

http://www.primelocation.com/for-sale/details/42605542?utm_source=Trovit&utm_medium=CPC&utm_campaign=sale-2017#GXQwy9WvTbhTbfYd.97

It has just been listed and the EA may have had finger trouble when compiling the listing, as it is priced around £200K higher than the asking price of similar flats!  The front facing 2 bed 2 bath flats sell for £260-295K and only penthouses normally achieve over £300K!

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On 17/12/2016 at 5:30 AM, StainlessSteelCat said:

Hilarious. I remember looking at place for under half that one street away from there.  Admittedly, this is the "posh" bit of Bramley, but you are surrounded by distinctly average - even dodgy - streets.

Still for sale, price dropped from £250 to £195k...

http://www.whitegates.co.uk/property/for-sale/276833

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Hi I'm new. Yes I have noticed this...very much so in South London where we were looking to buying in 2014/15. Once flats were going up what seemed to be about £5k a month and being sold for 10% over the asking price, we gave up. Below is an example of a 1 bed flat in Forest Hill on Zoopla - you can see that they were really trying it on a few months back with an asking price of £450k...but they've since loped £80k back off it! This is still a little higher than the sort of prices were seeing in 2015 but not much.

http://www.zoopla.co.uk/for-sale/details/40245137?search_identifier=bf5c16a8a909a00309b3c3451a092e0c#ZTgM3sC58Hfqjh3L.97

 

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HOLA4420
11 hours ago, Forever_Renter said:

You can see that they were really trying it on a few months back with an asking price of £450k...but they've since loped £80k back off it! This is still a little higher than the sort of prices were seeing in 2015 but not much.

http://www.rightmove.co.uk/overseas-property/property-61445069.html

With a few £1000 change left from £80k.

Well done for not buying and bailing out some ass**** with your earned money. I'm guessing your job is location dependant?

Edited by Arpeggio
Speling eror
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Wow that really puts the sums of money into perspective! 

Unfortunately my wife's job leaves us very much tied to London.

i'm glad we didn't buy at the time but we are limbo now really. If we continue to rent, we will continue to spend £15k/year+; but if we buy, even our decent sized deposit could be eaten up within a year if there's a crash/correction. 

I suppose we are in the same boat as many and with everyone around us telling us to "get on the ladder". 

 

 

 

 

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