dave Posted August 6, 2008 Share Posted August 6, 2008 (edited) Nottingham auction results showed some very interesting falls in reference to flats. Flats located on Maids Marion Way which is TOWN CENTRE. These used to go for 150k, RESULTS IN RED TAKEN FROM THE ALLSOP AUCTION WEBSITE Results Nottingham First Floor Flat, 1 Loxley Court, Maid Marion Way, Nottinghamshire NG1 6FE ALLSOP AUCTION RESULT 70K bought for 23/01/2003 £120,000 Fetch Flat L No Map Loxley Court, 1 Apartment, St James's Street, Nottingham, City Of Nottingham, NG1 6FE 50K LOSS First Floor Flat, 2 Loxley Court, Maid Marion Way, Nottinghamshire NG1 6FE 65K bought for 14/02/2003 £110,000 Fetch Flat L No Map Loxley Court, 2 Apartment, St James's Street, Nottingham, City Of Nottingham, NG1 6FE 45K Loss Nottingham First Floor Flat, 4 Loxley Court, Maid Marion Way, Nottinghamshire NG1 6FE 61K bought for 03/02/2003 £105,000 Fetch Flat L Yes Map Loxley Court, 4 Apartment, St James's Street, Nottingham, City Of Nottingham, NG1 6FE Get FREE, instant value estimate 44K Loss The last 2 flats sold for over 150K according to houseprices.co.uk So in comparitive terms these are as much as 60% Falls. Sorry for posting this twice, but I am rather proud of my research. Edited August 6, 2008 by dave Quote Link to comment Share on other sites More sharing options...
dave Posted August 6, 2008 Author Share Posted August 6, 2008 (edited) 06/09/2005 £77,000 Fetch Ter. F No Map 9, Cotswold Road, Nottingham, City Of Nottingham, NG8 6LE sold for only 39K Wish I went to the auction I would have bought 2 for that price. Edited August 6, 2008 by dave Quote Link to comment Share on other sites More sharing options...
Robot Piston Posted August 6, 2008 Share Posted August 6, 2008 I think from this that we can infer Nottingham is now worth 50% less than before Quote Link to comment Share on other sites More sharing options...
1929crash Posted August 6, 2008 Share Posted August 6, 2008 I think from this that we can infer Nottingham is now worth 50% less than before Quick! Send for the Sheriff. Quote Link to comment Share on other sites More sharing options...
Qplate Posted August 6, 2008 Share Posted August 6, 2008 when will it be renamed droppingham officially? Love that ! Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted August 7, 2008 Share Posted August 7, 2008 The vulnerabality of Nottingham house prices was one reason I took my STR fund out of Nottingham building society. They should be expected mass negative equity soon. VMR. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 7, 2008 Share Posted August 7, 2008 So rabbit hutches are showing a 60% decline in value. Quote Link to comment Share on other sites More sharing options...
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