TheCountOfNowhere Posted October 21, 2008 Share Posted October 21, 2008 I counted 1930 propertys for rent within 10 miles of Northampton yesterday. Many drops. I thought I posted before saying how many rentals were available a few months back but I cant find it, can anyone else ? Would be useful to comapre the numbers. Lots of drops in rental asking prices this week. Quote Link to comment Share on other sites More sharing options...
Freeholdchimps Posted October 21, 2008 Share Posted October 21, 2008 Talking of agents that done advertise on rightmove I looked at the whites estate agent website.http://www.whitesestateagents.co.uk/ They only have a total of 21 houses for sale !!! That isnt much !!! I quite liked them as agents. Hi TheCountOfNowhere Glad to hear you like Whites!!! I can assure you that Whites Estate Agents are alive and well!! I am pretty sure most estate agents have low stock levels at the moment. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 21, 2008 Share Posted October 21, 2008 (edited) There does seem to be a lot less property for sale at the moment but I guess the smaller agents will be weathering the storm better than the greedy ones who opened a dozen or so "satellite branches". There are bound to be lots of closures of agents in the coming months though :-| Edited October 21, 2008 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 21, 2008 Author Share Posted October 21, 2008 There does seem to be a lot less property for sale at the moment but I guess the smaller agents will be weathering the storm better than the greedy ones who opened a dozen or so "satellite branches".There are bound to be lots of closures of agents in the coming months though :-| Any agent not on Rightmove must either be suffering or are doing so well they don't need any exposure from the UKs biggest property website. Quote Link to comment Share on other sites More sharing options...
pablopatito Posted October 21, 2008 Share Posted October 21, 2008 A good example of chasing the market down here:http://www.rightmove.co.uk/viewdetails-210...=1&tr_t=buy It was originally on with Connells so I've got the Property Bee history from them as well as the new agent. To summarise: 8 Feb: Initial entry found 18th Feb: Price changed from £525k to £499k 5th Mar: from £499k to £475k 1st May: Changed agents 2nd June: from £475k to £445k That's drops of £25k, £25k and £30k in just over 3 months. A refreshing change to the usual £5k drops that most people go for. If it carries on like this we'll be buying it £240k next February. Edit: I like this bit: "To the rear, the large garden is very attractive and has further scope for a vegetable patch or play area." What the hell are they on about? Now down to £425k. That's a cool ONE HUNDRED THOUSAND POUNDS knocked off the price since it first came. Woo hoo. That's my first 6 figure price drop on property bee. Here's another big drop http://www.rightmove.co.uk/viewdetails-19667179.rsp?tr_t=buy £325k to £255k in a few weeks. Although its 'offers over £255k' Its not a looker and pretty small, but looks like a fair bit of land if you want to expand, and its in a really nice lane. Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 21, 2008 Author Share Posted October 21, 2008 Talking of agents that done advertise on rightmove I looked at the whites estate agent website.http://www.whitesestateagents.co.uk/ They only have a total of 21 houses for sale !!! That isnt much !!! I quite liked them as agents. This is Whites on Rightmove - they have 21 properties listed for sale. http://www.rightmove.co.uk/action/publicsi...bmit_dosearch=1 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 22, 2008 Share Posted October 22, 2008 Now down to £425k. That's a cool ONE HUNDRED THOUSAND POUNDS knocked off the price since it first came. Woo hoo. That's my first 6 figure price drop on property bee.Here's another big drop http://www.rightmove.co.uk/viewdetails-19667179.rsp?tr_t=buy £325k to £255k in a few weeks. Although its 'offers over £255k' Its not a looker and pretty small, but looks like a fair bit of land if you want to expand, and its in a really nice lane. Those bungalows really do seem to have high asking prices, though it's nice to see them dropping Are you more hopefuly of getting an affordable/decent place in Hardingstone sometime next year ? Quote Link to comment Share on other sites More sharing options...
pablopatito Posted October 22, 2008 Share Posted October 22, 2008 Are you more hopefuly of getting an affordable/decent place in Hardingstone sometime next year ? No, we're settled in Wootton now. Probably buy somewhere in Wootton in a year or two's time. Trouble is, renting is so easy and buying is a pain in the **** - its going to take a lot of motivation to do something! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 22, 2008 Share Posted October 22, 2008 No, we're settled in Wootton now. Probably buy somewhere in Wootton in a year or two's time. Trouble is, renting is so easy and buying is a pain in the **** - its going to take a lot of motivation to do something! Half price houses could be that motivation !!!! I'm with you on that, having rented for a year Im happy with that situation. if I loose my job tomorrow (which is possible ) im not tied to one area and can even go abroad if need be. Anyway, one more sale bites the dust: http://www.rightmove.co.uk/viewdetails-107...57&tr_t=buy 22nd Oct 2008 * Status changed: from 'Sold STC' to 'Available' * Subtitle changed: from '4 bedroom detached' to '£249,500 (Fixed Price)' 20th Oct 2008 * Status changed: from 'Available' to 'Sold STC' 23rd Jul 2008 * Initial entry found. Got a funny feeling next month will be the month we see a lot of this !!! Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 22, 2008 Author Share Posted October 22, 2008 (edited) Half price houses could be that motivation !!!!I'm with you on that, having rented for a year Im happy with that situation. if I loose my job tomorrow (which is possible ) im not tied to one area and can even go abroad if need be. Anyway, one more sale bites the dust: http://www.rightmove.co.uk/viewdetails-107...57&tr_t=buy 22nd Oct 2008 * Status changed: from 'Sold STC' to 'Available' * Subtitle changed: from '4 bedroom detached' to '£249,500 (Fixed Price)' 20th Oct 2008 * Status changed: from 'Available' to 'Sold STC' 23rd Jul 2008 * Initial entry found. Got a funny feeling next month will be the month we see a lot of this !!! Fixed Price - that's an interesting one! Edited October 22, 2008 by HouseDog Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2008 Share Posted October 23, 2008 http://www.northamptonchron.co.uk/news/135...-for.4620713.jp "13,500 new homes proposed for Northampton suburb". "The 850-hectare site would fall between Great Houghton, Grange Park and the eastern side of Northampton as well as taking in the villages of Preston Deanery and Quinton" Nice, they'll be building round some of the nicest villages around Northampton, bringin the whole place down. I al so glad I dont live round that way. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2008 Share Posted October 23, 2008 (edited) It gets better today: http://www.northamptonchron.co.uk/news/Maj...-hit.4620710.jp Major Northampton housing development hit by credit crunch "One of the biggest housing developments planned for the centre of Northampton has hit "difficulties" because of the credit collapse. As long ago as 2004, developers were planning to build 1,250 houses on the site of the former power station in Nunn Mills Road, close to Becket's Park." "The Conservative MP for Northampton South, Brian Binley, also expressed concern about the town's housing market. He said: "House building has fallen off a cliff and house prices in Northampton are falling rapidly." From what I heard they were going to put loads of flats up there !!! Maybe we'll get some decent houses now. I think I'll vote for Mr Binley, I like his honesty!!! Edited October 23, 2008 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2008 Share Posted October 23, 2008 (edited) Idiot developer of the day: Have a look at this: http://www.rightmove.co.uk/viewdetails-179...48&tr_t=buy 4th Aug 2008 * Price changed: from 'Guide Price £275,000' to 'Guide Price £249,99 23rd Oct 2008 * Price changed: from 'Guide Price £249,995' to 'Guide Price £259,995' 29th May 2008 * Initial entry found. ...obiously been developed. Been on the market a long time !!! so, it's not selling so Put the price up !!!! They are probably fed up with the 175K offers and wants people to offer 250K !!!! Talk about stupid, should be down at 200K looking to get 175K these days. It's right in the town center and has no parking. You can get a nice terrace in a better location in abington for £160K. These places: http://www.rightmove.co.uk/viewdetails-108...66&tr_t=buy used to be on about 275K, and are down to 225K, theres a whole block of them available in abington avenue, I think i'd prefer one of them especially when they get to 175K The developer of these must be running out of time too.... Edited October 23, 2008 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
pablopatito Posted October 23, 2008 Share Posted October 23, 2008 You always pay a premium for Victorian though. This is my carp property of the day: http://www.rightmove.co.uk/viewdetails-236...p;mam_disp=true I'd have thought brand new houses would be more keenly priced. But you can just about get a 4-bed detached repo in Wootton for £200k at the moment, so why consider a 3-bed terraced shoe box for similar money? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 23, 2008 Share Posted October 23, 2008 You always pay a premium for Victorian though.This is my carp property of the day: http://www.rightmove.co.uk/viewdetails-236...p;mam_disp=true I'd have thought brand new houses would be more keenly priced. But you can just about get a 4-bed detached repo in Wootton for £200k at the moment, so why consider a 3-bed terraced shoe box for similar money? I agree, you would buy one of the 3/4 bed detached places for less money I guess some people have to achieve a certain price to sell because of the mortgage, otherwise they are stuck or will be repo'd/post the keys back. The houses that get me at the moment are the 400K+ places, none of them have dropped. Below that though they are tumbling. I think this must be to do with the fact the top enders dont necessarily have to sell and are still hoping to cash in...thats okay till someone dies/gets divorced then you set a new ceiling. Its all very interesting. Quote Link to comment Share on other sites More sharing options...
pablopatito Posted October 23, 2008 Share Posted October 23, 2008 (edited) True. Edited October 23, 2008 by pablopatito Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 25, 2008 Author Share Posted October 25, 2008 Figures reveal most burgled Northampton streets http://www.northamptonchron.co.uk/news/Fig...pton.4629303.jp [25 Oct 08] The Police have provided some where not to live stats! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 25, 2008 Share Posted October 25, 2008 (edited) What must they be thinking .... http://www.rightmove.co.uk/viewdetails-231...12&tr_t=buy 25th Oct 2008 * Price changed: from '£459,995' to '£439,995' From the land registry: 18 Dec 2006 12 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £430,000 price new: 25 Jun 2001 12 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached (New build) Freehold £335,000 So, if they sold at full asking price (no chance) then with stamp duty on purchase, agents fees and 5-6% interest on 430K for 2 years they must have spent 50K in 2 years to live there, make that 150K by the time they get a buyer at 350K, You could have renting this place for less http://www.rightmove.co.uk/viewdetails-187...p;mam_disp=true Who in their right mind would buy a house on a housing estate for 400K + !!! According to rightmove...quite a few, including one in august this year !!! 08 Aug 2008 21 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £436,000 03 Apr 2008 6 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £430,000 03 Sep 2007 4 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £424,750 18 Dec 2006 12 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £430,000 30 Mar 2006 7 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £360,000 10 Aug 2004 9 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £400,000 30 Apr 2004 18 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Detached Freehold £399,950 02 Apr 2004 21 Martlet Close, Wootton, Northampton,Northamptonshire NN4 6EX Stupid buggas. Edited October 25, 2008 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 25, 2008 Author Share Posted October 25, 2008 (edited) http://www.northamptonchron.co.uk/news/Anx...apse.4629082.jp [25 Oct 08] Anxiety rockets as credit collapse bites Expert financial advisors have revealed serious debt problems are on the rise across Northamptonshire as the effect of the credit crunch on ordinary people starts to become apparent. The number of people seeking legal advice over serious debt at Northampton Citizens' Advice Bureau (CAB) is double that of the same period last year and home repossession court cases across the county are up 30 per cent on last year. And as the economic downturn takes hold, debtors are becoming more agitated by the prospect of becoming homeless. Martin Lord, manager of Northampton CAB, said: "The doubling of secure loan and mortgage arrears problems has been the glaring difference between last year and this year and that is absolutely a symptom of the credit crunch. "Basically people are coming to us with more serious debt problems. "We are a service which is no stranger to people with high levels of stress and anxiety and even anger sometimes and that had definitely got worse." More people seeking advice are unable to pay their mortgage because of rising interest rates and secured loans – often consolidated loans made up of several small debts, which can ultimately end with a home being seized – are being chased harder by creditors. Mr Lord admitted staff were working to capacity and Northampton CAB was being forced to prioritise serious debt problems and give less attention to neighbourhood disputes and consumer issues. They have also been given specialist legal help to deal with debtors. Welfare Rights Advice Northampton is also bearing the brunt as creditors threaten to take more and more people to court. Steve Thomas, a debt and housing manager at the centre in Hazelwood Road, said appointments to see their team from people frightened by creditors' letters, with an average of between six and 14 debts, are now booked up weeks in advance. They have also resorted to handing out shorter 10-minute appointments to assess people most at risk of losing their homes. Repossession cases at Northampton County Court so far this year have increased by about a third on the same period last year. And all kinds of bankruptcies, the last resort to save your home, are at about 1,600 already this year. The possible end result is stark. Mr Thomas said that of eight recent cases, seven people had ended up losing their homes, a fact which prejudices their case if they then apply for local authority housing. ------------------------------------ Its not sounding good if the CAB is already running at capacity and handing out shorter 10 minute appointments. Local estate agents might as well shut up shop Edited October 25, 2008 by HouseDog Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted October 25, 2008 Share Posted October 25, 2008 As long ago as 2004, developers were planning to build 1,250 houses on the site of the former power station in Nunn Mills Road, close to Becket's Park." Probably for the best, its quite suseptable to flooding that area IIRC. Should be turned into floodplain imo. Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted October 25, 2008 Share Posted October 25, 2008 http://www.northamptonchron.co.uk/news/135...-for.4620713.jp"13,500 new homes proposed for Northampton suburb". "The 850-hectare site would fall between Great Houghton, Grange Park and the eastern side of Northampton as well as taking in the villages of Preston Deanery and Quinton" Nice, they'll be building round some of the nicest villages around Northampton, bringin the whole place down. I al so glad I dont live round that way. First time i read that i thought 850 acres. 850 HECTARES is huge. Compare Northampton house prices to nearby Bedford or Milton Keynes and i think if any more of these huge developments get the go ahead Northampton could have a lot of oversupply of homes. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 28, 2008 Share Posted October 28, 2008 (edited) I flagged this one up a few days ago when it went from STC to Available...: http://www.rightmove.co.uk/viewdetails-107...68&tr_t=buy 28th Oct 2008 * Price changed: from '£249,500 (Fixed Price)' to '£225,000 (Fixed Price)' * Subtitle changed: from '4 bedroom detached' to '£225,000 (Fixed Price)' 22nd Oct 2008 * Status changed: from 'Sold STC' to 'Available Would appear the price isnt that "Fixed" P.S. Is anyone going to the Northampton Auction on the 30th ? Edited October 28, 2008 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
HouseDog Posted October 28, 2008 Author Share Posted October 28, 2008 I flagged this one up a few days ago when it went from STC to Available...:http://www.rightmove.co.uk/viewdetails-107...68&tr_t=buy 28th Oct 2008 * Price changed: from '£249,500 (Fixed Price)' to '£225,000 (Fixed Price)' * Subtitle changed: from '4 bedroom detached' to '£225,000 (Fixed Price)' 22nd Oct 2008 * Status changed: from 'Sold STC' to 'Available Would appear the price isnt that "Fixed" P.S. Is anyone going to the Northampton Auction on the 30th ? Fixed Price I'm not in Northampton at the moment so won't be able to make the auction. However, its flagged as an online auction: http://www.eigroup.co.uk/onlineauctions/ so hopefully I'll be attending via the internet - at 6pm. The Chron should be covering it? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 28, 2008 Share Posted October 28, 2008 Just done a search for places within 10 miles of NN1 on rightmove....if you discounted all the new build part ownsership schemes then you used to be able to count the number returned on 1 finger !!! The picture is very different, lots of places prices around 100K now, approx. 690 houses/flats/etc for sale on rightmove !!!!! No BTL idiots with 100% mortgages there to buy them anymore so im guessing they will never sell as not one has a 25K deposit to put down to buy them !!! Lots of HUGE drops in asking prices, e.g.: http://www.rightmove.co.uk/viewdetails-101...12&tr_t=buy 20th Oct 2008 * Price changed: from 'Offers in Region of £110,000' to 'Offers in Region of £98,995' 15th Apr 2008 * Price changed: from '£139,995' to '£129,950' 20th Mar 2008 * Initial entry found. that's about a 30% drop in asking price !!! These things really are gonna drop 50% in value !!! If they drop 50% in value, so will the middle priced places and the top end will collapse !!!! http://www.rightmove.co.uk/viewdetails-190...69&tr_t=buy 28th Oct 2008 * Price changed: from '£20,000' to '£10,000' 3rd Mar 2008 * Initial entry found. That's 50% !!!!!! Its carnage at the bottom end of the market !!!! This upcoming auction in Northampton could be very funny, I wish I could make it !!! I think that one signle event will destroy the northampton housing market, I hope they sell < 10%. Cheapest habitable house/flat in Northamptonshire on the open market at the moment ( that's not a shared ownership or auciton property) goes to: http://www.rightmove.co.uk/viewdetails-169...62&tr_t=buy "Nest Farm Crescent, Wellingborough, Northamptonshire £44,995 1 bedroom flat" Quote Link to comment Share on other sites More sharing options...
gasket37 Posted October 28, 2008 Share Posted October 28, 2008 Cheapest habitable house/flat in Northamptonshire on the open market at the moment ( that's not a shared ownership or auciton property) goes to:http://www.rightmove.co.uk/viewdetails-169...62&tr_t=buy "Nest Farm Crescent, Wellingborough, Northamptonshire £44,995 1 bedroom flat" interesting - according to my propertybee that was for on for £57,995 in March 2008, not that i'm interested in living in wellingboghorror. Quote Link to comment Share on other sites More sharing options...
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