Lee Harvey Oswald Posted February 16, 2008 Share Posted February 16, 2008 Not an area that I know much about, but I came across a number of houses down one street that are up for auction with guide prices of £75k. http://www.globrix.com/buy/ng7%204bj?ns=tr...&qt=ng7+4bj http://www.rightmove.co.uk/viewdetails-169...=4&tr_t=buy http://www.rightmove.co.uk/viewdetails-169...=4&tr_t=buy Admittedly these may be artificially low, in order to tempt potential buyers, but a search on Rightmove etc shows similar for sale with prices of not much more (around the 90k mark) Nethouseprices gives the previous sale prices for this street (including the two Rightmove properties from above) all at £250k (Oct/Nov 2005): http://www.nethouseprices.com/index.php?co...mp;pcsaCode=NG7 Fascinating stuff. Quote Link to comment Share on other sites More sharing options...
enrieb Posted February 16, 2008 Share Posted February 16, 2008 (edited) That also a new build. 6 bedrooms, 2 bathrooms, 2 receptions, GATED SECURE ENTRY and its very close to Nottingham Islamia school. Others on the street say 'A great investment and letting opportunity. It comes to the market with no upward chain' The whole street looks empty, I wonder what will become of it in the next few years, housing association? Six bedroomed gated housing seems purpose built for the current generation of council house tenants. A good duel use property by the building firm in a boom its perfect for a buy to let empire and then when the bust comes along the housing associations can take over and fill the street full of chavs. Good find Lee Harvey Edited February 16, 2008 by enrieb Quote Link to comment Share on other sites More sharing options...
Biffo the Bear Posted February 16, 2008 Share Posted February 16, 2008 NG7 is in Radford, and bar the more expensive properties in your first link, all the sub £100k ones are in an area where even an SAS soldier wouldn't like to live! Quote Link to comment Share on other sites More sharing options...
Mrliberty Posted February 16, 2008 Share Posted February 16, 2008 (edited) If a property like that is potentially going to go for anything even close to that amount in Nottingham, it's over. I think all of us who said this sort of property would become social housing were right. The crap new build flats that are all over Nottingham (and are not exactly full to the brim with tennants) are going to be changing hands at circa <20k a pop, if anyone other than local authorities would consider buying them - which is highly unlikely. **Edit** Yes, I know it's Radford but property in the Meadows and Clifton has been over 100k k for some time now, so Radford must have been the same? Edited February 16, 2008 by Mrliberty Quote Link to comment Share on other sites More sharing options...
tahoma Posted February 16, 2008 Share Posted February 16, 2008 After living there for less than a year (inc 6 months in The Park, darling) I can confirm it will be the epicentre of the crash. I have never been in a city with such a staggeringly inflated opinion of itself. Where else could the city centre square be redeveloped at massive expense and over a ludicrous timescale to be a big concrete slab? On the plus side, it has a Flannels for all the cockatiel haired dandies to adorn themselves at great personal expense debt. Quote Link to comment Share on other sites More sharing options...
thirdwave Posted February 16, 2008 Share Posted February 16, 2008 £74,950 Gadd street, nottingham, NG7. 6 bedrooms. Near to Nottingham Railway Station (1.3 miles) and Nottingham Islamia School (0.1 miles) With the sort of exciting multicultural outfits in the vicinity, its no surprise that the house is going for a massive discount. And with the Pakistani birthrate running at over 5 compared to the British average of 1.8, the house is about the right size for a small Moslem family.. Quote Link to comment Share on other sites More sharing options...
mfp123 Posted February 16, 2008 Share Posted February 16, 2008 (edited) Not an area that I know much about, but I came across a number of houses down one street that are up for auction with guide prices of £75k. http://www.globrix.com/buy/ng7%204bj?ns=tr...&qt=ng7+4bj http://www.rightmove.co.uk/viewdetails-169...=4&tr_t=buy http://www.rightmove.co.uk/viewdetails-169...=4&tr_t=buy Admittedly these may be artificially low, in order to tempt potential buyers, but a search on Rightmove etc shows similar for sale with prices of not much more (around the 90k mark) Nethouseprices gives the previous sale prices for this street (including the two Rightmove properties from above) all at £250k (Oct/Nov 2005): http://www.nethouseprices.com/index.php?co...mp;pcsaCode=NG7 Fascinating stuff. these were the flats that were shown on bbc's panorama. basically theyre student properties and are kitted out for student living. there was some kind of underhand dealing with the management company whereby they gave a cashback deal so that the buyer didnt need a deposit. as a result they ended up paying inflated prices for the properties and the management company did a runner. theyre all repossessed now and theres about 15 empty 6-bed houses all in the same complex. Edited February 16, 2008 by mfp123 Quote Link to comment Share on other sites More sharing options...
Guest mattsta1964 Posted February 16, 2008 Share Posted February 16, 2008 these were the flats that were shown on bbc's panorama. basically theyre student properties and are kitted out for student living.there was some kind of underhand dealing with the management company whereby they gave a cashback deal so that the buyer didnt need a deposit. as a result they ended up paying inflated prices for the properties and the management company did a runner. theyre all repossessed now and theres about 15 empty 6-bed houses all in the same complex. All I can say is Bloody hell!!! Quote Link to comment Share on other sites More sharing options...
mfp123 Posted February 16, 2008 Share Posted February 16, 2008 All I can say isBloody hell!!! lots of them bought without even looking at the properties. even now at these prices you would have second thoughts at £90k, never mind 200 odd thousand. the people that still own all the other flats that paid full price must be kicking themselves right now. just goes to show how mad the frenzy was at the peak of the housing boom. when house prices drop people will look back and think "what the hell was i doing paying all this money" when in their heart of hearts they knew better. Quote Link to comment Share on other sites More sharing options...
nutsohazelnuts Posted February 16, 2008 Share Posted February 16, 2008 (edited) dryrot and thirdwave - i take it your racist bllx has some relevance to the property debate that I am incapable of understanding, not being a member of the master race you two obviously belong to. Kn0bheads, the pair of you. Edited February 16, 2008 by nutsohazelnuts Quote Link to comment Share on other sites More sharing options...
Guest mattsta1964 Posted February 16, 2008 Share Posted February 16, 2008 dryrot and thirdwave - i take it your racist bllx has some relevance to the property debate that I am incapable of understanding, not being a member of the master race you two obviously belong to. Kn0bheads, the pair of you. No matter how much I hate this country's immigration policy, rascism is the ultimate manifestation of ignorance. Quote Link to comment Share on other sites More sharing options...
Once in a lifetime Posted February 16, 2008 Share Posted February 16, 2008 lots of them bought without even looking at the properties. even now at these prices you would have second thoughts at £90k, never mind 200 odd thousand. the people that still own all the other flats that paid full price must be kicking themselves right now. Maybe we should leaflet them ? Quote Link to comment Share on other sites More sharing options...
dryrot Posted February 16, 2008 Share Posted February 16, 2008 No matter how much I hate this country's immigration policy, rascism is the ultimate manifestation of ignorance. I've read this a few times, and am still confused. OK, my comment about "suicide bomber secondary" was a bit puerile - but can you expand on your "hatred" of "this country's immigration policy", omitting any terrifying shadow of "rascism" [sic]? Quote Link to comment Share on other sites More sharing options...
Limpet Posted February 16, 2008 Share Posted February 16, 2008 dryrot and thirdwave - i take it your racist bllx has some relevance to the property debate that I am incapable of understanding, not being a member of the master race you two obviously belong to. Kn0bheads, the pair of you. Religion of any description ( read superstitious nonsense ) deserves all the ridicule we can possibly aim at it. Remember we`ve supposedly left the dark ages behind. As for being racist, don`t be ridiculous. Religion is only an idea, and a crap one at that, nothing more or less. After all if you can convert from one to another how can religion possibly be racial. Quote Link to comment Share on other sites More sharing options...
bearORbullENIGMA Posted February 17, 2008 Share Posted February 17, 2008 After all if you can convert from one to another how can religion possibly be racial. That's like saying; "Since it's possible to have a sex change, how can anything be sexist?" Quote Link to comment Share on other sites More sharing options...
The XYY Man Posted February 17, 2008 Share Posted February 17, 2008 That's like saying; "Since it's possible to have a sex change, how can anything be sexist?" But it isn't possible to have a sex change. What is possible is a revolting set of medical "procedures" carried out by greedy doctors misusing their training to create a pathetic imitation of the real thing. Two plastic tits doesn't make a real woman out of anyone, just as pointing out hypocrisy doesn't make someone a racist. Quote Link to comment Share on other sites More sharing options...
Guest Steve Cook Posted February 17, 2008 Share Posted February 17, 2008 But it isn't possible to have a sex change.What is possible is a revolting set of medical "procedures" carried out by greedy doctors misusing their training to create a pathetic imitation of the real thing. Two plastic tits doesn't make a real woman out of anyone, just as pointing out hypocrisy doesn't make someone a racist. Excellent..... Steve Quote Link to comment Share on other sites More sharing options...
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