Ride_on Posted April 23, 2009 Share Posted April 23, 2009 On the bright side i'm mortgaged fixed for the next 5 years (got in before the banking collapse last year). Also my next door neighbour bought in the summer of 2007 for £240,000 . (Lolz) HFS - Don't tell me their rateable value is 80K too? ...Thats 3x , I knew things have gotten out of hand but I didn't think it was that bad. Quote Link to comment Share on other sites More sharing options...
sophia Posted April 26, 2009 Share Posted April 26, 2009 South Belfast 3 bed semi - 197k asking http://www.propertynews.com/brochure.php?r...=1&sort=l2h Rateable value - 210k http://vlistdcv.lpsni.gov.uk/propertydetai...Sandhurst+Drive Quote Link to comment Share on other sites More sharing options...
bobmarksie Posted April 27, 2009 Share Posted April 27, 2009 South Belfast 3 bed semi - 197k askinghttp://www.propertynews.com/brochure.php?r...=1&sort=l2h Rateable value - 210k http://vlistdcv.lpsni.gov.uk/propertydetai...Sandhurst+Drive Its a semi with no drive way in a very busy street, never mind garage ... Nice enough little garden though which is a bonus over terraces on the street. Quote Link to comment Share on other sites More sharing options...
Ride_on Posted April 29, 2009 Share Posted April 29, 2009 I've had 3 near enough at RV in April in my search (within 1 decimal place anyway on adprice/RV scale), Previously none. Latest one Cabin Hill Park,Belfast says needs modernisation, but pictures don't seem to show it. While it is Stormont and a nice street and all that, I think the RVs are a bit high for the space/density. http://www.propertynews.com/brochure.php?p=ECHECH17485 Rv: £220K Ad price: £225K (went on in Oct for £310K) Quote Link to comment Share on other sites More sharing options...
polythene pam Posted April 29, 2009 Share Posted April 29, 2009 Hard to see where it needs modernised. It looks like a developer has been in. That's a really really nice house. I agree that the RV is high - similar things in south Belfast have R.Vs around 180k. Still, it's very hopeful. Quote Link to comment Share on other sites More sharing options...
noc Posted April 29, 2009 Share Posted April 29, 2009 Hard to see where it needs modernised. It looks like a developer has been in. That's a really really nice house. I agree that the RV is high - similar things in south Belfast have R.Vs around 180k. Still, it's very hopeful. I wonder if it was on the market, didnt sell so they've tidied it up new piccies and forgot to change the description? Quote Link to comment Share on other sites More sharing options...
Ride_on Posted April 29, 2009 Share Posted April 29, 2009 I wonder if it was on the market, didnt sell so they've tidied it up new piccies and forgot to change the description? Its empty and white which tends to indicate developers, but the style seems more personal/lived in to me. Also there are a few other indicators of lack of development if you look at the higher res photos. 1. In The second picture there appears to be damp or bare wall+cornice at the top of the wall left hand side 2. In the kitchen there is some exposed electrical conduit below a switch. 3. The photos where taken end last summer and the garden seems to have been untended for some time. 4. Bulb out in living room As I mentioned it went on at £310K in October 08, so not much time for developing, and you would think a developer would take care to get the ad right. Anyway there is no money to be made fixing up properties, there never was unless you are a builder and have no other work or are converting to flats. The added sales value from fixing up was less than its cost usually, its just that in the time it took the property had increased in value anyway. I had thought that most developers have realised this but there are still development programs on TV every day for present day(ish). Quote Link to comment Share on other sites More sharing options...
polythene pam Posted April 29, 2009 Share Posted April 29, 2009 Is it a repo by any chance? Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted April 29, 2009 Share Posted April 29, 2009 (edited) mistake Edited April 29, 2009 by getdoon_weebobby Quote Link to comment Share on other sites More sharing options...
bobmarksie Posted April 30, 2009 Share Posted April 30, 2009 South Belfast 3 bed semi - 197k askinghttp://www.propertynews.com/brochure.php?r...=1&sort=l2h Rateable value - 210k http://vlistdcv.lpsni.gov.uk/propertydetai...Sandhurst+Drive Sale agreed in 4 days! Quote Link to comment Share on other sites More sharing options...
Ride_on Posted April 30, 2009 Share Posted April 30, 2009 Sale agreed in 4 days! Keep an eye out for it going back on after they don't get mortgage. Not that it shouldn't sell, but the RV again seems a bit high for the size, and only E7 heating (RV record central heating is 'assumed'), very old fashioned looking decor and really small rooms. I would say its priced for current market nothing more. Quote Link to comment Share on other sites More sharing options...
sarah1974 Posted May 1, 2009 Share Posted May 1, 2009 Keep an eye out for it going back on after they don't get mortgage. Not that it shouldn't sell, but the RV again seems a bit high for the size, and only E7 heating (RV record central heating is 'assumed'), very old fashioned looking decor and really small rooms. I would say its priced for current market nothing more. I've been bidding on properties recently (and also on a property next door to this one). I had to get a letter from my bank to show that I had the mortgage in principle and that I had a high deposit. I say most Estate agents would demand this now adays. Quote Link to comment Share on other sites More sharing options...
Ride_on Posted May 3, 2009 Share Posted May 3, 2009 I've been bidding on properties recently (and also on a property next door to this one). I had to get a letter from my bank to show that I had the mortgage in principle and that I had a high deposit. I say most Estate agents would demand this now adays. Well you would think wouldn't you, but I know many EAs are only happy to have 'sold' up on their signs/Property News etc even it is only temporary. It would be interesting to know how may other EAs are actually demanding this. There are many reports of numbers of properties going on a sold for a week then back on market again on TDGGTTS. Quote Link to comment Share on other sites More sharing options...
mr slump Posted May 4, 2009 Share Posted May 4, 2009 Well you would think wouldn't you, but I know many EAs are only happy to have 'sold' up on their signs/Property News etc even it is only temporary.It would be interesting to know how may other EAs are actually demanding this. There are many reports of numbers of properties going on a sold for a week then back on market again on TDGGTTS. its not always the case that EAs rush to go sale agreed on mine I had to give evidence of cash which took a few days, give solicitor details etc which is fair enough I reckon but I know of one in bangor that took weeks to go sale agreed when the sale was concrete/ cash why? because the EA had 2 houses of a similar type in the same area that were negotiating at 10-15k above the agreed one if they went sale agreed on it the other buyers might ask what it sold for and drop out of the negotiations on the other two so the later ones actually got marked sale agreed one day and the earlier one shortly after sneaky? Quote Link to comment Share on other sites More sharing options...
mr slump Posted May 6, 2009 Share Posted May 6, 2009 heres one detached in bangor, not very nice, needs a bit of love, especially since it looks like its on a wasteland but good for comuters to belfast £114,950 rv £135,000 http://www.propertynews.com/brochure.php?p=1180HF532084320 not something I'd want personally but got to have an effect in the surounding area Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted May 7, 2009 Share Posted May 7, 2009 http://vlistdcv.lpsni.gov.uk/propertydetai...42876&rn=77 rv 470k http://www.propertynews.com/brochure.php?r...=1&sort=h2l on for 499k guide price shock horror bt9 detached almost at RV Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted May 7, 2009 Share Posted May 7, 2009 http://vlistdcv.lpsni.gov.uk/propertydetai...42876&rn=77rv 470k http://www.propertynews.com/brochure.php?r...=1&sort=h2l on for 499k guide price shock horror bt9 detached almost at RV Interesting that this area is one that seems to be adjusting to RV most rapidly. There are semis and terraces in Ormeau area asking almost as much as this house, but they are up to 100% over RV!! A house like that for 400-450k is value IMO. I think that would probably be a 2003ish level - what do you think this house would have sold for at peak? I would guess something ridiculous like 7-800k. Maybe the rich folk of BT9 are also sensible and pragmatic and know the boom is over and not coming back anytime soon. Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted May 7, 2009 Share Posted May 7, 2009 (edited) Could be a probate house since it needs extensive renovations. could be http://www.propertynews.ie/brochure.php?r=...=1&sort=h2l 900k , same street but 400 m2 and is vey smart! rv 800k so this street seems close to rv on both properties Edited May 7, 2009 by getdoon_weebobby Quote Link to comment Share on other sites More sharing options...
passedit Posted May 14, 2009 Share Posted May 14, 2009 Nearly there 1 Knockmore Pk Bangor 435 RV 425 Dropping like a stone 13 May 2009 * Price changed: from '£ 465,000' to '£ 435,000' [Found by n/a] * Status changed: from 'Sale Agreed' to 'For Sale' [Found by n/a] 03 April 2009 * Status changed: from 'For Sale' to 'Sale Agreed' [Found by n/a] 16 February 2009 * Price changed: from '£ 525,000' to '£ 465,000' [Found by n/a] 03 October 2008 * Price changed: from '£595,000' to '£ 525,000' [Found by blazer] 09 July 2008 * Price changed: from '£695,000' to '£ 595,000' [Found by gordlorn] 12 April 2008 * Initial entry found. [Found by property_exile] I smell a distressed seller Quote Link to comment Share on other sites More sharing options...
getdoon_weebobby Posted May 14, 2009 Share Posted May 14, 2009 (edited) even a good few detached houses in bt9 are coming within 10-15% of rv. altho for each one at 10-15% theres loads at 100-150% . madness Edited May 14, 2009 by getdoon_weebobby Quote Link to comment Share on other sites More sharing options...
sophia Posted July 2, 2009 Share Posted July 2, 2009 http://www.propertynews.com/brochure.php?r...=1&sort=l2h House at rateable value - 3 bed semi, nice garden, not bad for E. Belfast £150k Quote Link to comment Share on other sites More sharing options...
JoeDavola Posted July 4, 2009 Author Share Posted July 4, 2009 http://www.propertynews.com/brochure.php?r...=1&sort=l2hHouse at rateable value - 3 bed semi, nice garden, not bad for E. Belfast £150k And to think that 3 years ago this probably would have been listed at almost double it's current price. The funny thing is, it's still overpriced at £150K. But at least we're heading in the right direction. Quote Link to comment Share on other sites More sharing options...
sneeze Posted July 17, 2009 Share Posted July 17, 2009 hello again guys, Im totally confused about rateable value i checked out the LPSNI website and i checked out a few RV's and was very shocked at how low they are. i began to then check out propertys that i know, for example my parents own a detached bungalow with garden, farm and outbuildings (approx 15 out buildings both single and two storey), the holding has approx 1 acre of land. the bungalow is three bed approx 100sq metres and the RV is £90k..... is this for real. is RV for the house only or do they count all out buildings and land??????? im confused the house i own is a mid terrace two storey 100sq metres also, small garden and no out building/garage and its RV is £75k???? Quote Link to comment Share on other sites More sharing options...
Ricky_FTB Posted July 17, 2009 Share Posted July 17, 2009 hello again guys,Im totally confused about rateable value i checked out the LPSNI website and i checked out a few RV's and was very shocked at how low they are. i began to then check out propertys that i know, for example my parents own a detached bungalow with garden, farm and outbuildings (approx 15 out buildings both single and two storey), the holding has approx 1 acre of land. the bungalow is three bed approx 100sq metres and the RV is £90k..... is this for real. is RV for the house only or do they count all out buildings and land??????? im confused the house i own is a mid terrace two storey 100sq metres also, small garden and no out building/garage and its RV is £75k???? Hi sneeze. The LPSNI website should say "house outbuildings" beside the search result if the outbuildings are included. As for your parents house - it will be classified as 'agricultural' ie a farmhouse which makes the rates lower. I dont know why, but it seems to be the case for other similar properties i have seen. Quote Link to comment Share on other sites More sharing options...
sneeze Posted July 18, 2009 Share Posted July 18, 2009 Hi sneeze. The LPSNI website should say "house outbuildings" beside the search result if the outbuildings are included. As for your parents house - it will be classified as 'agricultural' ie a farmhouse which makes the rates lower. I dont know why, but it seems to be the case for other similar properties i have seen. o ok thank you. I know a lot of rural areas where there are houses at x square metres on the RV but in reality the houses are bigger and some garages are noted as an 'outbuilding' as i have noticed the addition of a garage seems to raise the RV....... talk about a NI black market??? in saying this am i correct that the RV 's are based on 2005 prices and some areas (banbridge in particular i looked at) are sitting at RV's of £62,500 and in Jan 2005 these propertys i am looking at sold for £85k (and today some of these houses ae asking prices of £167k!!!!!!!!!).. i wonder will we go right the way back to that kind of selling price at £62,500 or below or will people stay put rather than make the loss?????...... ..................but in the words of my father ' theres no such thing as a house being worth x amount, a house is only ever worth what someone is willing to pay for it' and the whole world is in a recession .... so i guess them sellers asking £167k may take the 1 off the front of that figure. Quote Link to comment Share on other sites More sharing options...
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