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TwentyOneEleven

West Wiltshire

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Hi All

I've recently been keeping the property supplements from one of the free local rags that gets pushed through our letterbox every week and there's some substantial drops in prices in just the last two weeks!

Example One (Not the same house, but pretty much identical properties within yards of each other!)

1 HAWKINGE CLOSE, BOWERHILL, MELKSHAM, WILTS, SN12 6QS - April 27th 2006 - £229,950

54 BELVEDERE ROAD, BOWERHILL, MELKSHAM, WILTS, SN12 6AJ - May 11th 2006 - £199,950

Difference in price: -£30,000 (-13%!!!)

Example Two - 6 PARSONAGE ROAD, HILPERTON, TROWBRIDGE, WILTS, BA14 7TL

April 27th 2006 - £214,950

May 11th 2006 - £209,950

Difference in price: -£5,000 (-2.5%)

Example Three - 8 HARGREAVES ROAD, TROWBRIDGE, WILTS, BA14 7UP

April 27th 2006 - £239,950

May 11th 2006 - £237,950

Difference in price: -£2,000 (-1%)

Will be interesting to look again in a couple more weeks to see if there's any more movement!

Also found a three bedroom property in Melksham, Wiltshire that was obviously so desperate to sell that they'd gone to another EA ... but the photo still shows the other (old?) EAs board outside! :ph34r:

(Edited for HTML ****-ups ... sorry!)

Edited by TwentyOneEleven

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These areas have been ramped up by unaffordable prices in Bath. Seeing as Bath isn't exactly a property hotspot these days - it stands to reason that property prices are going to struggle. Plus there are hundreds of new builds in Corsham... If I'd bought in Melksham/Trowbridge a couple of years back having been priced out of Bath I'd be selling up and moving back sharpish...

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Yep, asking prices are coming down slowly but surely. :)

I've been looking (on and off) around since I moved to the area 18 months ago (I rent Dilton Marsh (Westbury) and work in Trowbridge) and recently things coming on to the market are at lower prices than those that have been sat around for ages (some appear to have been on the market well over a year.

Some things ar even looking attractive for the price - but I think that's just because I'm becoming immune to numbers as I've been lookng at the Wiltshire Times for too long.

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I've been looking in Swindon. Two bedroom terraces have risen in asking price to the £130K mark, though I've just seen my old house advertised for £127K which is a decent place - though I only paid 72K for it at the end of 1999. Number of properties has also increased, mostly flats, with most hanging around.

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Another week, another supplement ... and the number of "New Price/Reduced" labels are starting to increase rapidly! Here's another 10 for you ... drops of up to 3% in just a few weeks!!!

5 bed Detached located in Melksham

27 April 2006: £325,000

18 May 2006: £315,000

Difference in price: -£10,000 (-3%)

4 bed Semi-Detached located in Melksham

27 April 2006: £195,000

18 May 2006: £189,950

Difference in price: -£5,050 (-2.6%)

Queens Crescent, Chippenham

04 May 2006: £168,950

18 May 2006: £164,950

Difference in price: -£4,000 (-2.4%)

6 PARSONAGE ROAD, HILPERTON, TROWBRIDGE, WILTS, BA14 7TL

27 April 2006: £214,950

18 May 2006: £209.950

Difference in price: -£5,000 (-2.3%)

3 bed Semi-Detached located in Melksham

04 May 2006: £183,500

18 May 2006: £179,950

Difference in price: -£3,550 (-2%)

4 bed Detached located in Melksham

04 May 2006: £280,000

18 May 2006: £274,950

Difference in price: -£5,050 (-1.8%)

59 LOCKING CLOSE, BOWERHILL, MELKSHAM, WILTS, SN12 6XS

27 April 2006: £179,500

18 May 2006: £176,500

Difference in price: -£3,000 (-1.7%)

TROWBRIDGE, Wiltshire, BA14 7TL

11 May 2006: £187,950

18 May 2006: £185,000

Difference in price: -£2,950 (-1.6%)

TROWBRIDGE, Wiltshire, BA14 0PE

04 May 2006: £137,950

18 May 2006: £135,950

Difference in price: -£2,000 (-1.5%)

5 THE AVENUE, DILTON MARSH, WESTBURY, WILTS, BA13 4BX

04 May 2006: £145,000

18 May 2006: £143,995

Difference in price: -£1,005 (-0.7%)

House in Hiperton, nr. Trowbridge (no link available!)

27 April 2006: £269,950

18 May 2006: £269,950 (Stamp Duty Paid!)

Saving of £8098.50 (-3% if considered against total cost of house incl. Stamp Duty!)

In the interests of fairness I did also look for any price "increases" ... but strangely couldn't find any! :blink:

More next week! :ph34r:

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QUOTE(TwentyOneEleven @ May 11 2006, 07:52 PM)

Example Three - 8 HARGREAVES ROAD, TROWBRIDGE, WILTS, BA14 7UP

April 27th 2006 - £239,950

May 11th 2006 - £237,950

Difference in price: -£2,000 (-1%)

...and now down to just £232,000!!! Reduced by £7,950 (3.3%) in less than a month!!!

And currently still on the market at £229,950.

TwentyOneEleven - have you continued watching prices? What's the latest developments?

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Hi, How have things been going over the last 2 years?

Things around Trowbridge / Melksham have been pretty flat for 18 months. However, the last 6 months have seen approx 5% drops and a lot of unsold stock. The rents have not been going up much either which is all good news for those of us hoping to hold out for another couple of years and buy at half price.

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Hi, How have things been going over the last 2 years?

Things around Trowbridge / Melksham have been pretty flat for 18 months. However, the last 6 months have seen approx 5% drops and a lot of unsold stock. The rents have not been going up much either which is all good news for those of us hoping to hold out for another couple of years and buy at half price.

Hi, I am a newbie here, but am thinking of moving back to the Uk (presently in Malta) to take advantage of the property slide.

Trowbridge, Hilperton, Westbury are the areas I am looking at moving to (originally came from north Hampshire)

I see you have been tracking the market. Could you let me know what the areas (as above) are like to live in? I have a 4 year old and another on the way!

Great to hear some one on here from West Wilts.

Thanks

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Trowbridge, Hilperton, Westbury and Melksham are all standard working towns. Nothing special but there are no major issues. I know youth workers who have moved to the area and say that crime tends to be petty but comes with plenty of attitude (same as rest of the UK). You should expect to get a 2 bed flat for £120-150K, 3 bed ter @ £180, 4 bed semi @ £250K. The surounding areas are a bit nicer (Semington, Broughton Gifford, Seend etc) but expect to pay 30% extra. Employment is fairly stable and average saleries would be about £20K. There is rarely a job for > £35K in the local paper / agencies.

As I said in the last post, prices are just starting to head south, but not in any huge way yet. However, it has definitely started and most properties have been on the market for at least 3 months. The 2 bed flat above me has been on the market for 18 months, and we haven't noticed a viewing in over 6. The price has gone from £200K to less than £150K and still no takers. However, this is an exceptional case.

I hope this gives you a rough idea of the current state of play.

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