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I wondered if anyone else is hoping to buy in the Manchester area and fancied sharing information?

I was priced out of Altrincham so have been looking at Sale but am a bit shocked at the price inflation over the last 12 months.  The 3 bed end terrace type houses that were selling for 260-270k this time last year are now going on the market for 325k.  I’ll wait and see what this one actually sold for:

http://www.rightmove.co.uk/property-for-sale/property-70944461.html

If actual sold prices have shot up that much then I’m also priced out of Sale and will be looking at Urmston/Stretford.

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This property went on the market for 290k last March, moved to “under offer” on Rightmove very quickly.  

Back on RM in about July last year at 300k and again moved to “under offer” quickly.

Suddenly on RM again in January 2018 at 325k and is now “under offer” again.

Why would this be happening?  Is there something coming up the survey that has made two buyers pull out, would the mortgage companies be down valuing it?  I don’t know as I’m new to this so I’m hoping a more experienced property watcher can help!

 

http://www.rightmove.co.uk/property-for-sale/property-46768338.html

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I actually viewed a house in the road next along from that one, facing the school, in 2014. They were all asking around 200-220k then, bingo the house in your link sold for 210k in 2014. That asking price is mad if you ask me, most asking prices are mad now and don't represent actual sold prices in Sale or rest of South Manchester. They are clearly deluded to be increasing the asking price every time a sale falls through! Yes probably the survey is coming back with a lower valuation, and most of the houses I viewed in Sale had dodgy roofs or poor maintenance even if the sellers appeared well off or the house had been done up internally.  No doubt they think their 'garden office' creation has added tons of value. 

Bearing in mind this is housepricecrash.co.uk , have you considered that prices may be heading downward soon? Might be better strengthening your position to buy at a time in the future when the masses can't.

I know Urmston quite well if you find yourself looking in that direction ?

Edited by Andy T
Typo

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13 hours ago, Andy T said:

I actually viewed a house in the road next along from that one, facing the school, in 2014. They were all asking around 200-220k then, bingo the house in your link sold for 210k in 2014. That asking price is mad if you ask me, most asking prices are mad now and don't represent actual sold prices in Sale or rest of South Manchester. They are clearly deluded to be increasing the asking price every time a sale falls through! Yes probably the survey is coming back with a lower valuation, and most of the houses I viewed in Sale had dodgy roofs or poor maintenance even if the sellers appeared well off or the house had been done up internally.  No doubt they think their 'garden office' creation has added tons of value. 

Bearing in mind this is housepricecrash.co.uk , have you considered that prices may be heading downward soon? Might be better strengthening your position to buy at a time in the future when the masses can't.

I know Urmston quite well if you find yourself looking in that direction ?

Asking prices have definitely shot up over the last couple of months, whether this translates into sold prices remains to be seen - I’ll keep an eye out for these properties and post when/if they go on to land registry figures.  I’m not desperate to move so I think i’m just going to monitor the market for a few more months and see what happens.  I’m hoping for a house price drop but whether or not it will happen in popular places like Sale, I don’t know.  My fear is that idiots like this will keep houseprices high https://www.mumsnet.com/Talk/property/3149875-Mortgage-value-less-than-offer-price-for-house

 

I’ve been to Urmston a few times recently and like the town centre near Urmston train centre - lots of cafes and independent shops.  What are the good areas to live? I’ve been told to avoid the area of Daveyhulme that’s near the motorway due to the smell from the waste plant.  My budget is about 270k and I’d like a semi with 3 decent sized bedrooms and a garden.  Thanks for your help!

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Number of properties advertised and transactions are on the floor.  Most things that come up for sale are sh!t and/or overpriced.

The vast majority of people live in houses they could no longer afford.  The only ones that are buying can do so because of BOMAD and low interest rates.

In the nicer areas prices have been going up between 5% to 10% for the last 5 years.

Houses that sold for £177K a few years back:
http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=63471448&sale=73859466&country=england

are now being advertised at £289K (a 62% increase)
http://www.rightmove.co.uk/property-for-sale/property-63472699.html

There's a long way for things to fall if prices reverse.

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On ‎02‎/‎02‎/‎2018 at 11:28 AM, Mancunian284 said:

Asking prices have definitely shot up over the last couple of months, whether this translates into sold prices remains to be seen - I’ll keep an eye out for these properties and post when/if they go on to land registry figures.  I’m not desperate to move so I think i’m just going to monitor the market for a few more months and see what happens.  I’m hoping for a house price drop but whether or not it will happen in popular places like Sale, I don’t know.  My fear is that idiots like this will keep houseprices high https://www.mumsnet.com/Talk/property/3149875-Mortgage-value-less-than-offer-price-for-house

 

I’ve been to Urmston a few times recently and like the town centre near Urmston train centre - lots of cafes and independent shops.  What are the good areas to live? I’ve been told to avoid the area of Daveyhulme that’s near the motorway due to the smell from the waste plant.  My budget is about 270k and I’d like a semi with 3 decent sized bedrooms and a garden.  Thanks for your help!

Yeah there has been a bit of an explosion in new cafes/restaurants/bars recently, places like carpet shops/motor stores/post office/repairs shops have been replaced. Are Schools a consideration?

The good places are probably around Church Road/Westmorland Rd/Grangethorpe Rd (close to the Meadows), most parts around the town centre, East Davyhulme around Canterbury Rd,  Stretford Road (which becomes Urmston Lane in Stretford, nice period houses), around Trafford General Hospital/Davyhulme Rd/Cornhill Rd (but pricey) Flixton in general (Whitelake Ave area/Trevor Road pretty nice, but be aware of plans to build on some of the golf course/fields there)

West Davyhulme Ullswater/Thirlmere Road quite nice but closer to the waste plant, but in saying that a friend lives pretty close to that plant, and I've only noticed the smell a couple of times- they are upgrading the plant with enclosed processes so might be worth doing a bit of research, smells may or may not be a problem in the future.

The only bits to avoid maybe are the Northern bit (Kingsway park/Iona way area) and the part at the back of Woodsend Park closest to the ship canal/Irlam locks.

 

 

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Still stupid around SK8, SK8 and to a lesser extent SK6 & SK2.

I'm helping a family member search/buy.  They have to move (later in life) and they can afford it, but I'm astounded by some of the asking prices I'm seeing. 

30%/40% jumps on 2013 prices.  So little for sale and so much kite flying.  There's the odd one here and there a bit more inline with expectations.  But for every one that's like that, there's 8 others that are record sale for the road + 10%.

Can see it turning with this interest rate rise & section 24 biting, it's well overdue.

FWIW I refused to get involved, moving would've cost the best part of £100K.  Have extended and added 40% more floor space downstairs for £30K.

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On 01/02/2018 at 13:00, Mancunian284 said:

This property went on the market for 290k last March, moved to “under offer” on Rightmove very quickly.  

Back on RM in about July last year at 300k and again moved to “under offer” quickly.

Suddenly on RM again in January 2018 at 325k and is now “under offer” again.

Why would this be happening?  Is there something coming up the survey that has made two buyers pull out, would the mortgage companies be down valuing it?  I don’t know as I’m new to this so I’m hoping a more experienced property watcher can help!

 

http://www.rightmove.co.uk/property-for-sale/property-46768338.html

Sold for a bargain £345K, jeesh.

https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=46768338&sale=6934717&country=england

 

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15 hours ago, sisyphal said:

Ridiculous isn’t it.  I spent most of last year and the beginning of this year thinking these ridiculous prices would drop, but people seem to be paying them.  Can’t see it changing until access to large mortgages is restricted.

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I'm intrigued into the profile of people who are buying these properties. I don't believe its investors - the yield would be shockingly low.

What jobs are these people doing and how much are BoMaD putting in?

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Southerners moving up North?  at my son's nursery (North Trafford area) vast majority of the parents now appear not be local and have London/middle England accents. Definite change seen in the last 2-3 years.

I am seeing lots of price reductions though on the Rightmove search alerts, does feel as though there's very few buyers about.

To the rescue comes Phil & Krustie with a LLL Greater Manchester special (my wife made me sit through it)  usual nonsense phrases like 'fast moving Manchester market' - it did highlight the extremes though (Bolton - avg. price £130k,  Sale M33 - avg. price £300k!) the Bolton couple in their 60's were said to be 'downsizing' which turned out not really to be the case at all as they had sold their old house for 100k, and were spending up to 200k on the new one :blink:

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On 01/02/2018 at 12:06, Mancunian284 said:

I wondered if anyone else is hoping to buy in the Manchester area and fancied sharing information?

I was priced out of Altrincham so have been looking at Sale but am a bit shocked at the price inflation over the last 12 months.  The 3 bed end terrace type houses that were selling for 260-270k this time last year are now going on the market for 325k.  I’ll wait and see what this one actually sold for:

http://www.rightmove.co.uk/property-for-sale/property-70944461.html

If actual sold prices have shot up that much then I’m also priced out of Sale and will be looking at Urmston/Stretford.

Well just this Feb/March I was in Moss Side looking to buy and saw a house that was decent enough but the vendor was being a "connard" as we say. Wanted 150 for a 2 bed. Anyway I had enough of dealing with him so moved on and havent looked at rightmove sine then. So made me both laugh and be shocked that prices now for a 2 bed in Moss side are £170k!. Since when?

Oh thats right, since our dear friends JP Brimelow decided to pluck figures out the air and smash an area. Gentrification by stealth sadly.

Now, we're looking more North Manchester now, still reasonably priced. However what with Brexit on its way and her being french, do we wait until March and save or take the plunge (at a sensible price)

Crazy Moss side prices

https://www.rightmove.co.uk/property-for-sale/property-54865086.html

https://www.rightmove.co.uk/property-for-sale/property-56238543.html

 

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10 hours ago, frye said:

Well just this Feb/March I was in Moss Side looking to buy and saw a house that was decent enough but the vendor was being a "connard" as we say. Wanted 150 for a 2 bed. Anyway I had enough of dealing with him so moved on and havent looked at rightmove sine then. So made me both laugh and be shocked that prices now for a 2 bed in Moss side are £170k!. Since when?

Oh thats right, since our dear friends JP Brimelow decided to pluck figures out the air and smash an area. Gentrification by stealth sadly.

Now, we're looking more North Manchester now, still reasonably priced. However what with Brexit on its way and her being french, do we wait until March and save or take the plunge (at a sensible price)

Crazy Moss side prices

https://www.rightmove.co.uk/property-for-sale/property-54865086.html

https://www.rightmove.co.uk/property-for-sale/property-56238543.html

 

I’ve been in Manchester for a long time.  Moss Side is better than it was but it still has a bad rep to shake off.  Those prices are ridiculous.

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On 30/08/2018 at 10:08, Andy T said:

Southerners moving up North?  at my son's nursery (North Trafford area) vast majority of the parents now appear not be local and have London/middle England accents. Definite change seen in the last 2-3 years.

I am seeing lots of price reductions though on the Rightmove search alerts, does feel as though there's very few buyers about.

To the rescue comes Phil & Krustie with a LLL Greater Manchester special (my wife made me sit through it)  usual nonsense phrases like 'fast moving Manchester market' - it did highlight the extremes though (Bolton - avg. price £130k,  Sale M33 - avg. price £300k!) the Bolton couple in their 60's were said to be 'downsizing' which turned out not really to be the case at all as they had sold their old house for 100k, and were spending up to 200k on the new one :blink:

That’s all we need, a LLL M/cr special.

 

Think you could be right on the southern money moving north though.

 

Edited by Mancunian284

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22 hours ago, Mancunian284 said:

I’ve been in Manchester for a long time.  Moss Side is better than it was but it still has a bad rep to shake off.  Those prices are ridiculous.

Well that last link from when I saw it on Saturday to today has now gone STC. Hmm really, at 160k+.

I looked on land registry for that house, it was bought for 112k in 2015 and god knows how much they've offered now. The maximum for that street is 131,500 in 2016. Mental

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On 03/09/2018 at 22:48, frye said:

Well that last link from when I saw it on Saturday to today has now gone STC. Hmm really, at 160k+.

I looked on land registry for that house, it was bought for 112k in 2015 and god knows how much they've offered now. The maximum for that street is 131,500 in 2016. Mental

These flats in gentrified Hulme, down the road, sell for 150-160k.  I used to live in Hulme, it had got a lot better but a lot of the Homeless from the city centre had started hanging around the park - looks like they’re getting into the flats too.  Mostly btl land in Hulme so guess the owners won’t care that much.

https://www.manchestereveningnews.co.uk/news/greater-manchester-news/bishops-corner-hulme-drugs-homeless-15210377

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I think Sale has just gone tbh, a lot of the area is not that desirable (including where I live) and the prices are just completely unjustifiable. Looking at 3 beds and the results are just total nonsense. 

Minging 3 bed (ex council?) semi, no where near the tram, OIEO 300k please! 

https://www.rightmove.co.uk/property-for-sale/property-65201062.html

 

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On ‎27‎/‎10‎/‎2018 at 16:57, cbathpc said:

Another great one, in Wigan certainly added £125k to it with a few new carpets and a luck of paint. 

https://www.rightmove.co.uk/property-for-sale/property-57483390.html 

300k hahaha. Statement wall(paper) and vertical radiator from screwfix. Some big silver letters mounted on the wall. 

 Max for that road is 250k.  The most recent property to sell on that road (2017, detached) went for the princely sum of £120k!

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On ‎15‎/‎10‎/‎2018 at 12:53, cbathpc said:

I think Sale has just gone tbh, a lot of the area is not that desirable (including where I live) and the prices are just completely unjustifiable. Looking at 3 beds and the results are just total nonsense. 

Minging 3 bed (ex council?) semi, no where near the tram, OIEO 300k please! 

https://www.rightmove.co.uk/property-for-sale/property-65201062.html

 

I remember from looking around there in 2014, it's on the wrong side of Brooklands Road, the rough bit edging towards Wythenshawe, and nowhere near the catchment of the Sale schools that people want in that area.

Unfortunately someone unfamiliar with the area might be daft enough to pay that 300k.

Look at Framingham Road near Brooklands Primary, really eye watering prices.

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On 07/11/2018 at 10:20, Andy T said:

300k hahaha. Statement wall(paper) and vertical radiator from screwfix. Some big silver letters mounted on the wall. 

 Max for that road is 250k.  The most recent property to sell on that road (2017, detached) went for the princely sum of £120k!

10k knocked off already. Colour me surprised. 

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Looks like this one has been on the market for a while, and will do for a while longer I expect

https://www.rightmove.co.uk/property-for-sale/property-77523767.html

Doesn't exactly help when your neighbour has been on the market for 9 months and already knocked £40k off the asking price!

https://www.rightmove.co.uk/property-for-sale/property-64993009.html

WTF are these people thinking, even in Sale these prices are utter madness. These are on a main road, next to a loony bin and Northern Moor! 

 

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On 01/02/2019 at 09:20, cbathpc said:

Looks like this one has been on the market for a while, and will do for a while longer I expect

https://www.rightmove.co.uk/property-for-sale/property-77523767.html

Doesn't exactly help when your neighbour has been on the market for 9 months and already knocked £40k off the asking price!

https://www.rightmove.co.uk/property-for-sale/property-64993009.html

WTF are these people thinking, even in Sale these prices are utter madness. These are on a main road, next to a loony bin and Northern Moor! 

 

Looks like the 2nd property mentioned has gone STC!

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  • 224 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%



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