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TheCountOfNowhere

£500K off in Northampton

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image.png.1a6dcf861942eb3650b1d7aec3cb76cb.png

 

http://www.rightmove.co.uk/property-for-sale/property-52819416.html

 

 

The smell of shit from the sewerage works probably doesnt help.

 

If agents are over valuing by this much then anyone buying at anywhere near IAP is a mug.

 

That's still a whopping £213  per sq foot, a price eclipsing 2007 levels for big houses, has to be nearer £150, making a fairer price of around £900K.

 

 

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ONS figures for property prices per square metre (for Northampton) are £2045. If that's true or representative, a more realistic price for this place would be about £1.1m

Still, it's got some way south to go..

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20 minutes ago, shavedchimp said:

ONS figures for property prices per square metre (for Northampton) are £2045. If that's true or representative, a more realistic price for this place would be about £1.1m

Still, it's got some way south to go..

That's mega bubble insane low IR magicked up cash prices.

Realistic is not the word I would use at that price.

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When will we start to see those sorts of reductions in the £300K to £400K bracket in Hampshire...?  These mansions for millionaires are only remotely relevant to price of housing for the masses...

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15 minutes ago, Wayward said:

When will we start to see those sorts of reductions in the £300K to £400K bracket in Hampshire...?  These mansions for millionaires are only remotely relevant to price of housing for the masses...

Look at it this way....the people who could pay £1M for a crap house can now pay £1M for a good house......which means the crap houses will need to drop too.....rinse and repeat.

 

When you get to the bottom and the BTLers arent there to prop up the prices....there is no bottom

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3 minutes ago, Bankside said:
2007 £1,225,000

Ouch!

 

 

Had it not been for Brown et all, that number would be £600K + inflation, so maybe £750K.

 

Long way to go still.

 

They'll tell people...we broke even...conveniently forgetting the £400K in lost interest.

 

 

Edited by TheCountOfNowhere

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  • 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%



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