BarkingBoy Posted July 23, 2006 Share Posted July 23, 2006 Looking to move from Barking to Seaford (East Sussex) and start a verrrrrry long daily commute back up to the big smoke. My property (2 bed flat, 1997 build) was previously marketed in October 2004, when a number of agents suggested an asking price of £147.5k - £150k. After a few weeks at £150k with little interest, I reduced to £145k, before a period of hospitalisation forced me to withdraw. I am now being advised to ask £145k ish, and expect to sell for £137k ish, possibly £135k, which is about £10k less than the peak of the market. 2-bedders here rent for £750 pcm, so that equates to a 6.6% gross yield. It will almost certainly be bought by an investor - plentiful supply of recent migrants around these parts. In Seaford, I have been following prices for a while. The market seems livelier than Barking, but nevertheless prices aren't going anywhere fast. I'm looking in the £250k - £350k price range, and whilst bungalows in decent condition are going for fairly strong prices, houses are 'sticking' unless they are priced to sell. Will update as the transaction proceeds. Quote Link to comment Share on other sites More sharing options...
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