NN4 resident Posted February 17, 2013 Share Posted February 17, 2013 Still waiting...... Be patient I haven't forgotten Quote Link to comment Share on other sites More sharing options...
HouseDog Posted February 17, 2013 Author Share Posted February 17, 2013 (edited) http://news.bbc.co.uk/1/shared/spl/hi/in_depth/uk_house_prices/html/34uf.stm#table Northampton house prices reported as down by - 6.0 % in the last quarter. ----- http://www.northamptonchron.co.uk/news/local/signs-of-recovery-in-east-midlands-property-market-1-4776867 Signs of recovery in East Midlands property market The number of housing transactions increased in the Northamptonshire property market during January, a new survey has found! Edited February 17, 2013 by HouseDog Quote Link to comment Share on other sites More sharing options...
NN4 resident Posted February 17, 2013 Share Posted February 17, 2013 That's all very anecdotal. Heard it all before. Post some facts from the land registry database. So this is all based off the Land Registry website I have simply picked a few streets in Hunsbury and Wootton at random 30 Sandhurst Close - Dec 09 £159500 Oct 12 £159000 4 Downsway - Apr 08 £189995 Oct 11 £210000 5 Downsway - Oct 06 £180000 June 08 £192000 61 Downsway - Jan 06 £147500 May 12 £157000 7 Walkers Way - Aug 08 £230000 Nov 11 £248750 33 Walkers Way - May 05 £138000 May 08 £157000 39 Walkers Way - Jan 09 £190000 June 10 £232500 42 Middle Greeve - Nov 05 £311000 July 11 £335000 There will be examples in other streets as well I had a look at Zoopla as well earlier and that would indicate in the last 5 years prices in NN4 are down by about 10%, which is less then the rest of Northants but about what I thought seemed about right Like I said before NN4 is a solid family area with good schools, good transport links and is generally a decent place to live Without doubt low interest rates are helping but it will be years before they rise let alone get anywhere near back to 5% Also, now the developers have moved out (for now at least) prices always have to find there natural level which is dictated by the usual market forces So all in all if you own a property in NN4 I'd be quite happy Quote Link to comment Share on other sites More sharing options...
HouseDog Posted February 17, 2013 Author Share Posted February 17, 2013 So this is all based off the Land Registry website I have simply picked a few streets in Hunsbury and Wootton at random 30 Sandhurst Close - Dec 09 £159500 Oct 12 £159000 4 Downsway - Apr 08 £189995 Oct 11 £210000 5 Downsway - Oct 06 £180000 June 08 £192000 61 Downsway - Jan 06 £147500 May 12 £157000 7 Walkers Way - Aug 08 £230000 Nov 11 £248750 33 Walkers Way - May 05 £138000 May 08 £157000 39 Walkers Way - Jan 09 £190000 June 10 £232500 42 Middle Greeve - Nov 05 £311000 July 11 £335000 There will be examples in other streets as well I had a look at Zoopla as well earlier and that would indicate in the last 5 years prices in NN4 are down by about 10%, which is less then the rest of Northants but about what I thought seemed about right Like I said before NN4 is a solid family area with good schools, good transport links and is generally a decent place to live Without doubt low interest rates are helping but it will be years before they rise let alone get anywhere near back to 5% Also, now the developers have moved out (for now at least) prices always have to find there natural level which is dictated by the usual market forces So all in all if you own a property in NN4 I'd be quite happy Thanks for posing these - NN4 is not an area I follow. However, it's good to see prices in such a well respected area are already down by 10%. What will stop a further 10% price reduction over the next few years? Prices are clearly falling across all areas of Northampton. Oddly, the first property in your list has been sold 7 times since being built in 1999 http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET%5E2338798&searchLocation=Sandhurst+Close Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 17, 2013 Share Posted February 17, 2013 So this is all based off the Land Registry website I have simply picked a few streets in Hunsbury and Wootton at random 30 Sandhurst Close - Dec 09 £159500 Oct 12 £159000 4 Downsway - Apr 08 £189995 Oct 11 £210000 5 Downsway - Oct 06 £180000 June 08 £192000 61 Downsway - Jan 06 £147500 May 12 £157000 7 Walkers Way - Aug 08 £230000 Nov 11 £248750 33 Walkers Way - May 05 £138000 May 08 £157000 39 Walkers Way - Jan 09 £190000 June 10 £232500 42 Middle Greeve - Nov 05 £311000 July 11 £335000 There will be examples in other streets as well I had a look at Zoopla as well earlier and that would indicate in the last 5 years prices in NN4 are down by about 10%, which is less then the rest of Northants but about what I thought seemed about right Like I said before NN4 is a solid family area with good schools, good transport links and is generally a decent place to live Without doubt low interest rates are helping but it will be years before they rise let alone get anywhere near back to 5% Also, now the developers have moved out (for now at least) prices always have to find there natural level which is dictated by the usual market forces So all in all if you own a property in NN4 I'd be quite happy i thought we were talking about your street? i can show you a similar list of drops. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 17, 2013 Share Posted February 17, 2013 Thanks for posing these - NN4 is not an area I follow. However, it's good to see prices in such a well respected area are already down by 10%. What will stop a further 10% price reduction over the next few years? Prices are clearly falling across all areas of Northampton. Oddly, the first property in your list has been sold 7 times since being built in 1999 http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=STREET%5E2338798&searchLocation=Sandhurst+Close how did you get ten percent drop from those figures above? the place you linked too sold in 2009 and 2012 for the same price, so with interest and buying selling fees they might as well have rented. Quote Link to comment Share on other sites More sharing options...
HouseDog Posted February 17, 2013 Author Share Posted February 17, 2013 how did you get ten percent drop from those figures above? the place you linked too sold in 2009 and 2012 for the same price, so with interest and buying selling fees they might as well have rented. I didn't get 10% from the above figures but from Zoopla http://www.zoopla.co.uk/home-values/browse/nn4/?q=NN4&search_source=home-values Quote Link to comment Share on other sites More sharing options...
NorthamptonBear Posted February 18, 2013 Share Posted February 18, 2013 http://news.bbc.co.u.../34uf.stm#table Northampton house prices reported as down by - 6.0 % in the last quarter. ----- http://www.northampt...arket-1-4776867 Signs of recovery in East Midlands property market The number of housing transactions increased in the Northamptonshire property market during January, a new survey has found! Interetsing and a bit confusing! Good news and I hope that's true - but how does that work? None of the different kinds of houses fell by 6% - so how come the All category did? Possibly explained by a major change in the mix of what sold? More terraced and semis sold - less detached? AREA AV PRICE QTR ANNUAL SALES Northampton £131,151 0.3% 4.1% 261 Terraced Northampton £143,162 -3.5% 1.1% 214 Semi Northampton £95,409 -3.7% -6.1% 58 Flats Northampton £234,132 -4.2% -1.9% 170 Detached Northampton £156,761 -6.0% 1.1% 703 All Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 18, 2013 Share Posted February 18, 2013 ok. gotcha. the other chaps point are fair i think. what happens to nn4 if the decent school stops performing? Quote Link to comment Share on other sites More sharing options...
pablopatito Posted February 19, 2013 Share Posted February 19, 2013 I'm new to this forum and was just having a bit of a browse about If prices in NN4 are still below their peaks in 2007 why are houses in my street selling for more then before the banking crisis In fact one house sold recently and a full asking price offer was made followed by a further offer above asking price There probably is a lack of supply in this area but that is partly because they aren't building in Hunsbury, Wootton and Grange Park anymore so the level of supply is going to stabilise after developers have finished. Whenever you buy a house you always think you are paying too much and certainly where I am houses sell pretty quickly I think generally speaking NN4 is a solid area and if you want to wait about thinking prices are going to drop by 30% then good luck - I think you're in for a long wait Erm, I think we're in agreement, as in a later post you say prices are down around 10%? I'd agree that 10% sounds about right. I certainly haven't seen a house that has sold for more than it sold for in 2007, but there will always be the odd house that defies gravity. And for the very rich, buying their half a million pound homes overlooking Collingtree golf course, austerity Britain may as well be on a different planet for all it effects them. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 20, 2013 Share Posted February 20, 2013 500k over looking the golf course..if only...you dont get much change from a million down that way. Quote Link to comment Share on other sites More sharing options...
pablopatito Posted February 20, 2013 Share Posted February 20, 2013 True. There are some crazy prices at the moment: http://www.rightmove.co.uk/property-for-sale/property-37625017.html That's basically a 2 bed semi with an attic conversion for £220k. Last sold in 2007 for £210k. No dining room and tiny kitchen. Where exactly are you supposed to eat (apart from on the sofa in front of the telly)? Calling the 14 square foot lounge a "lounge/dining room" is a con. Where do you keep your hoover/ironing board? Yet they still squeeze in an en-suite, why? The vendor basically wants/needs his money back. For that money, you could get a nice 4 bed detached with a utility room, downstairs loo, dining room and decent garden in Grange Park a couple of years ago (you possibly still can if your look carefully...) Quote Link to comment Share on other sites More sharing options...
NN4 resident Posted February 20, 2013 Share Posted February 20, 2013 Erm, I think we're in agreement, as in a later post you say prices are down around 10%? I'd agree that 10% sounds about right. I certainly haven't seen a house that has sold for more than it sold for in 2007, but there will always be the odd house that defies gravity. And for the very rich, buying their half a million pound homes overlooking Collingtree golf course, austerity Britain may as well be on a different planet for all it effects them. Some streets round here have performed better then others and that will probably always be the way For instance where I live a 3 Bed detached last year was selling for £216k they know sell for £230k and like I mentioned earlier an over asking price offer was made on a house last year So prices haven't dropped hugely (30%) and they arent likely too as they are at most 10% from what they were back at the peek. You might think asking prices round here are ridiculous (some are), but it is pointless thinking that the owners of a house that is on the market for £300k will accept an offer of £210k What happens if the good schools stop performing - well that is pretty unlikey - I don't know but I doubt it will have too much impact Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 21, 2013 Share Posted February 21, 2013 (edited) Some streets round here have performed better then others and that will probably always be the way For instance where I live a 3 Bed detached last year was selling for £216k they know sell for £230k and like I mentioned earlier an over asking price offer was made on a house last year So prices haven't dropped hugely (30%) and they arent likely too as they are at most 10% from what they were back at the peek. You might think asking prices round here are ridiculous (some are), but it is pointless thinking that the owners of a house that is on the market for £300k will accept an offer of £210k What happens if the good schools stop performing - well that is pretty unlikey - I don't know but I doubt it will have too much impact please enlighten us to why prices won't fall? the only thing stopping them at the moment is bank forebearance and crazy government intervention....either of which could stop any time. wages not going up...houses still affordable and overpriced. today we see reports than people have stopped buying bonds..when that have blows the UK will be in a right mess. in real terms..not the nominal terms u talk about...prices are down nearly thirty% but there was no wage inflation to make them affordable so we have inflation eroding peoples spare cash ultimately making houses even more affordable and due an even bigger correction..a correction they are trying to stop but can't a correction that will destroy the finances of many. have you looked at the sales volumes on the advertiser...install time lows and that is with historical low interest rates# doesn't that tell you something? the mantra of its different here is bull.s.hit. an area nay be more or less desirable...that is all. Edited February 21, 2013 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
HouseDog Posted February 21, 2013 Author Share Posted February 21, 2013 (edited) Some streets round here have performed better then others and that will probably always be the way For instance where I live a 3 Bed detached last year was selling for £216k they know sell for £230k and like I mentioned earlier an over asking price offer was made on a house last year So prices haven't dropped hugely (30%) and they arent likely too as they are at most 10% from what they were back at the peek. You might think asking prices round here are ridiculous (some are), but it is pointless thinking that the owners of a house that is on the market for £300k will accept an offer of £210k What happens if the good schools stop performing - well that is pretty unlikey - I don't know but I doubt it will have too much impact Sounds like your convincing yourself that property in your street will not fall in value. Oddly enough your idea is not that uncommon. However, history shows that all properties tend to move with the market regardless of the street - both up and down. Edited February 21, 2013 by HouseDog Quote Link to comment Share on other sites More sharing options...
HouseDog Posted February 21, 2013 Author Share Posted February 21, 2013 (edited) Double post Edited February 21, 2013 by HouseDog Quote Link to comment Share on other sites More sharing options...
Hecto Posted February 22, 2013 Share Posted February 22, 2013 Bovis have a planning application for 1000+ houses next to Collingtree. Details at : http:www.northamptonsouthsue.com Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 22, 2013 Share Posted February 22, 2013 Bovis have a planning application for 1000+ houses next to Collingtree. Details at : http:www.northamptonsouthsue.com They're planning to build over half the golf course?? Quote Link to comment Share on other sites More sharing options...
Hecto Posted February 22, 2013 Share Posted February 22, 2013 http://www.northamptonsouthsue.com Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 22, 2013 Share Posted February 22, 2013 http://www.northamptonsouthsue.com No wonder the people who own this place want to sell up - http://www.rightmove.co.uk/property-for-sale/property-37586836.html Quote Link to comment Share on other sites More sharing options...
Hecto Posted February 22, 2013 Share Posted February 22, 2013 Looks to me as if they are looking to build all over the golf course and potentially may expand in the future to the west not currently outlined. Oh dear, those large collingtree park houses may lose their golf course views. Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 22, 2013 Share Posted February 22, 2013 1000 new homes here... 'Sustainable Urban Extension' Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 22, 2013 Share Posted February 22, 2013 nice...that explains all the attempted house sales in collingtree park. Quote Link to comment Share on other sites More sharing options...
NN4 resident Posted February 22, 2013 Share Posted February 22, 2013 please enlighten us to why prices won't fall? the only thing stopping them at the moment is bank forebearance and crazy government intervention....either of which could stop any time. wages not going up...houses still affordable and overpriced. today we see reports than people have stopped buying bonds..when that have blows the UK will be in a right mess. in real terms..not the nominal terms u talk about...prices are down nearly thirty% but there was no wage inflation to make them affordable so we have inflation eroding peoples spare cash ultimately making houses even more affordable and due an even bigger correction..a correction they are trying to stop but can't a correction that will destroy the finances of many. have you looked at the sales volumes on the advertiser...install time lows and that is with historical low interest rates# doesn't that tell you something? the mantra of its different here is bull.s.hit. an area nay be more or less desirable...that is all. If prices haven't "crashed" in the last 5 years then they are unlikely to now The economy is poor but nowhere near the Armageddon we faced a few years ago For sure the low interest rate is helping most people but when are rates likely to go up again - currently the markets reckon some point in 2017 before they get to 0.75% and about 2020 before they get to 1.5% so it will be a very very slow rise Yep people have moved out of Bonds but that is because the yield is low so they moved into the Stock Market which has had a cracking start to the year It's partly about perception as well, if inflation is 3% and you get a 3% pay rise then you are no better off but if you have bought a house then at least you are paying it back. As for the Bovis thing well that started off about 7 years ago as 2200 homes and lets not forget anyone who lives round here has a fairly new house all of which were built on green fields, there is nothing wrong with new developments as long as it is done properly Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 22, 2013 Share Posted February 22, 2013 (edited) nice...that explains all the attempted house sales in collingtree park. I just found this plan from the last time the proposal was made. It looks like the golf course will just be reconfigured and the new houses will be the other side of it. Only the current driving range would be built on. Edited February 22, 2013 by thecrashingisles Quote Link to comment Share on other sites More sharing options...
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