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Jitters

House Prices For The Se19 Postcode - Crystal Palace

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I am a FTB who just tried to purchase a house that needed complete overhaul but the vendor wouldn't reduce the price after surveys and the sale fell through (we walked away). Right so now I've got over the decision not to buy and deciding it wise to hold one a while longer but am still looking closely at what is on the market.

I am looking in the Crystal Palace area, or SE19 postcode. Most property I look at I can't help but feel that they just aren't worth the money.

My questions are to people on this site who watch this area are the following;

1. Are the prices severely overpriced? Have they risen much as I thought it all slowed down last year, in fact places were being reduced

2. Now that there isn't a "Tube" line going to CP but a TFL franchise is the expected rises in the area due to the improved transport links still hold true, as a tube line is not the same as a frachcised NR line.

For some reason one EA in particular is doing very well in the area, but I think they are ramping up prices too.

What are peoples opinions about this area. I only ask as I haven't seen it listed.

Edited by Jitters

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Can't comment too much on the pricing. But boy do you have some fugly properties around Crystal Palace. Look at this one:

http://www.rightmove.co.uk/viewdetails-676...pa_n=1&tr_t=buy

I'm really won over by those dead looking trees in the foreground. And what about this one:

http://www.rightmove.co.uk/viewdetails-114...pa_n=1&tr_t=buy

Billy Shears

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I would love to say you have picked a fair reprsentation of the CP housing stock but you haven't. There is a quite a bit of ex council stuff for sale, that is what you picked.

There is a lot of victorian terraces, mansion blocks, modern townhouse, moderns builds in fact it has about very type of housing stock going.

But even still it all seems overpriced but maybe I've lived around here too long (since about 1981), alas as many others I couldn't afford to but until I had paid back all debts, got a promotion I don't really want but pays very well and lived like a hermit for a few years to save money. I missed the boat around here when it wasn't such a desirable area but it's changing and with it the house prices!!!

Edited by Jitters

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You see this is what I mean!!!!

Look at this very nicely done house, which is on the market for £295,000

http://www.findaproperty.com/agent.aspx?ag...prop&pid=127462

This sold for £245,000 on the 29/04/05....... :blink:

Everything round here seems to be going sky high!!! Or is it in lines with recent trends in London. Someone please educate me.

I'm wondering if being such a skin flint over the past few years to save has made me lose touch about real values, I seem to feel everything is more exspensive these days and I wonder if I am being REALLY tight. No one else seems to have that problem around me. I'm always picking up items and putting them down thinkig do I really need this? I haven't even bought clothes for ages (unless from Tesco or the likes)!!

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Looks like house prices are sliding here...

http://www.home.co.uk/guides/house_prices_...se19&lastyear=1

so no rush... ;)

Well it does look on a slide on the graph but over the past 3 months or so it just doesn't feel like it's got any cheaper or the market has slowed down. In fact the race seems on since Christmas.

But hopefuly all the reports are true and it is a temporary spike in London and it will all slow down. Otherwise I won't make my target of getting out of my Mum's home before I'm 30. :(

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I'd be very careful about making decisions based on that sort of data.

If you look here: http://www.upmystreet.com/property/prices/...hed/l/SE19.html

You'll see that the data for the last quarter from the land registry is based on a sample size of 4 houses. Therefore you will get massive swings in the average price due to the "mix" of houses sold.

You would be better off looking at a selection of properties that interest you over a period of time and seeing what they individually go for.

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I'd be very careful about making decisions based on that sort of data.

If you look here: http://www.upmystreet.com/property/prices/...hed/l/SE19.html

You'll see that the data for the last quarter from the land registry is based on a sample size of 4 houses. Therefore you will get massive swings in the average price due to the "mix" of houses sold.

You would be better off looking at a selection of properties that interest you over a period of time and seeing what they individually go for.

Thanks for the link. To be honest this seems to reflect more how I see the market around here. I've been watching the prices go up for over two years now and they only briefly reduced when interest rates were raised and then stagnated for a while.

Just viewed another very nice but hugely over inflated house. You can't even get a decent sofa in the living area. :rolleyes:

Edited by Jitters

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Just to add the latest about what I am seeing around here, recently I have had several "new property alerts" for houses in this postcode, [/u] all are houses already on the market now selling with other agents.

Most are in the £285,000 - 300,000 bracket, the lower affordable housing just doesn't exist anymore unless you want ex council. e.g. http://www.findaproperty.com/agent.aspx?ag...prop&pid=135021

Seems things are beginning to slow down a little - hopefully it will last.

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Are you all on 60k down there? Or no room left?

No not by far, though am shy of £50,000. I just put an alert between certain ranges the highest being £300,000 as they mostly change in mulitples of £25,000.

Depressing thing is that the "affordable housing" is utter shite and the decent stuff is out of our price range (£285,000 - 300,000), but I still like to look at what's happening in the market.

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Perhaps this should go in the anecdotal section but as I have said before, I am a FTB who walked away from a sale due to the repairs needed on the property where the vendors wouldn't drop the price.

Well today I got an email from another EA who have had this property put on the books. The vendor has done some but not all of the work to the property that we had issues with. They have valued it at £15,000 more than the original asking price (if they've done £2,000 worth of work I'd be surprised as I viewed it again). Admittedly they have gone with a more prestigious EA but even still.

I look forward to seeing if it flies off the shelves, and it probably will. :blink:

The sad thing about this area now is that everywhere seem to be going under offer, I just can't understand it, the prices are over inflated but it seems that people are buying, and supply is drying up as very few new properties are coming on the market in comparison to January time. :angry:

Edited by Jitters

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Might be something might not be but both of these properties have dropped another £5,000.

I just hope it continues!

http://www.rightmove.co.uk/viewdetails-687...pa_n=1&tr_t=buy

Original asking price was £445,000 when it went on the market. :D

http://www.rightmove.co.uk/viewdetails-112...pa_n=5&tr_t=buy

Dropped by £5,000.

This was originally £310,000

http://www.rightmove.co.uk/viewdetails-967...pa_n=4&tr_t=buy

Now £295,000 and still not selling been in the market for well over 6 weeks.

I appreciate these are large expensive house and it does seem that "affordable" housing does disappear very quickly.

But I hope it a sign of things to come.

Edited by Jitters

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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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