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MEtallic

Loughborough Price Reductions

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This in an area I know well and is at the bottom end of the L'boro housing market.

49 Burder St.

25/11/2005 £115,000

12/04/2007 £94,000

£21K LOSS

55 Burder St

04/10/2005 £106,500

18/05/2007 £103,000

£3.5K LOSS

This is despite improvements to the area in recent years.

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This in an area I know well and is at the bottom end of the L'boro housing market.

49 Burder St.

25/11/2005 £115,000

12/04/2007 £94,000

£21K LOSS

55 Burder St

04/10/2005 £106,500

18/05/2007 £103,000

£3.5K LOSS

This is despite improvements to the area in recent years.

And no doubt despite massive upgrades on both Burder St. houses by naive owners.Buying a house in the East Midlands is one big money pit at present.I wish I had got out of it in 2004 before the meltdown.Forget the indicies this is the reality.

Edited by crashmonitor

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The Loughborough apartment market does seem to be falling.There are 9 x 2 bed apartments for sale in Coach House Court .They were newly built 3-4 years ago and the majority were bought as BTL. They range in price from 1 at £138k and the other 8 at £148k.None of them are selling though.They sold new for about £135-145k so very little profit once agents selling fees have been taken into account.

They rent for about £525pm so unlikely to cover the mortgage repayments.Silly prices with a poor yield and no certainty of any capital gain.

Too late to sell now !

http://www.rightmove.co.uk/viewdetails-170...=1&tr_t=buy

Edited by Legal_Landlord

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