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Think you are right

Didn't think this would go for near 400k

http://www.rightmove.co.uk/property-for-sale/property-54459979.html

Or this

http://www.rightmove.co.uk/property-for-sale/property-54282253.html

and this is funny..

http://www.rightmove.co.uk/property-for-sale/property-38647557.html

listed 22/12/15 for 425k

couldn't sell it

dropped 16/03/16 to 399k

couldn't sell it

What do you reckon we should do luv, drop it a bit more, nahhhh feck it lets put it up to 425k again

and this unfortunately sums up the market around here

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Think you are right

Didn't think this would go for near 400k

http://www.rightmove.co.uk/property-for-sale/property-54459979.html

Or this

http://www.rightmove.co.uk/property-for-sale/property-54282253.html

and this is funny..

http://www.rightmove.co.uk/property-for-sale/property-38647557.html

listed 22/12/15 for 425k

couldn't sell it

dropped 16/03/16 to 399k

couldn't sell it

What do you reckon we should do luv, drop it a bit more, nahhhh feck it lets put it up to 425k again

and this unfortunately sums up the market around here

Ah Winnersh nothing there except a sainsbury and little train station but somehow commands silly money. To be fair we lived there for 3 years and did like it.

That 2 bed flat for 285 is ridiculous money. They were expensive at 210 two years ago - We tried to buy one nearby and pulled out due to cold feet and being stuck in temporary accommodation!

Did get an email from a new build in Wokingham today 3 bed semi at 475k offering stamp duty paid and a flooring package. Odd to see the incentives coming out as most are selling very quickly.

Not this area but I looked at a new build site in Basingstoke today as was in a very good location just 14 houses in very close to my work place and was told they had all sold in ONE DAY on release last Thursday.

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Its alright actually, to be honest in some ways I prefer it to Wokingham mainly because its easier to get to the M4 or round the back to the A4 plus Dinton pasture is quite nice. I think the prices are a bit "cheaper" than Wokingham as you are still in the catchment for Holt and Forest (which has gone down now according Ofsted) but you are right they are still incredibly pricey compared to other areas.

New builds are seem to be getting higher by the month

440k for a 2 bed terrace

http://www.rightmove.co.uk/new-homes-for-sale/property-43128261.html

500k for a 3 bed semi

http://www.rightmove.co.uk/new-homes-for-sale/property-53445505.html

550k for a 3 bed semi

http://www.rightmove.co.uk/new-homes-for-sale/property-40092441.html

and unbelievably 695k (yes 695k) for a 3 bed end terrace just outside bl$$dy Bracknell!

http://www.rightmove.co.uk/new-homes-for-sale/property-54733270.html

The thing is they are still flying out the door even at these prices.

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Crazy prices. That area has lost touch with reality completely now, anyone who doesn't have a couple of hundred grand for a deposit will, like us, need to move away from the area. It's become like a London suburb. Anyone looking to move out of London will be looking at these areas because they are rated so highly, top ten UK postcode, schools etc. Sadly we've now given up and looking at moving away in the next six months.

Its alright actually, to be honest in some ways I prefer it to Wokingham mainly because its easier to get to the M4 or round the back to the A4 plus Dinton pasture is quite nice. I think the prices are a bit "cheaper" than Wokingham as you are still in the catchment for Holt and Forest (which has gone down now according Ofsted) but you are right they are still incredibly pricey compared to other areas.

New builds are seem to be getting higher by the month

440k for a 2 bed terrace

http://www.rightmove.co.uk/new-homes-for-sale/property-43128261.html

500k for a 3 bed semi

http://www.rightmove.co.uk/new-homes-for-sale/property-53445505.html

550k for a 3 bed semi

http://www.rightmove.co.uk/new-homes-for-sale/property-40092441.html

and unbelievably 695k (yes 695k) for a 3 bed end terrace just outside bl$$dy Bracknell!

http://www.rightmove.co.uk/new-homes-for-sale/property-54733270.html

The thing is they are still flying out the door even at these prices.

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Crazy prices. That area has lost touch with reality completely now, anyone who doesn't have a couple of hundred grand for a deposit will, like us, need to move away from the area. It's become like a London suburb. Anyone looking to move out of London will be looking at these areas because they are rated so highly, top ten UK postcode, schools etc. Sadly we've now given up and looking at moving away in the next six months.

Sorry to hear that but I certainly understand why you are moving away. I think you are right, there is always something to prop up house prices round here, whether it be, as you said people moving out of London, Crossrail or schools. I have looked at Wiltshire in the past which looks better value compared to this neck of the woods. Good luck

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Not just Winnersh and Wokngham Woodley and Earley have gone crazy as well. Apparently, lower Earley, big housing estate, is touted as one of the best places to live. Two beds over £300K and 3 beds close to £400K.

I can't see why that estate would be one of the most desirable places to live, sure its no ghetto but it ain't exactly full of charm and character. I could understand bits around the university, Maiden Earley drive, Wilderness Road, Wokingham Road etc

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  • 2 weeks later...

Saw a good drop Today. IIRC it was £40K -£50K more earlier. Someone with Property Bee can inform about the exact figures.

http://www.rightmove.co.uk/property-for-sale/property-60070292.html

I was told that it a a desirable area of Earley.

May have dropped but still on for £350k, when it last sold for £225k in February 2012... We have a LONG way to go

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Still hot round this area, a few signs here and there

This

http://www.rightmove.co.uk/property-for-sale/property-57612869.html

Could not sell for same price pre-brexit now sold

Yet this

http://www.rightmove.co.uk/property-for-sale/property-60914078.html

dropped 10% albeit from a ridculous price in the first place

The 2nd property was around 250k in 2009!

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  • 5 weeks later...
  • 3 weeks later...

Good morning!

I have just checked property prices in Reading and I have noticed that the houses that are being sold under the Homewise "scheme" that had been discussed above for people over 60 years old have all been reduced recently. Maybe that was a wrong business model? Not a lot of people over 60 might want to move to Reading or simply they understood it was a bad investment.

It is a shame that they managed to get hold of so many properties which are not available anymore to other buyers.

However, please don't laugh, there is a barge for sale for the moderate price of 155k :D
 

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On 07/10/2016 at 11:03 AM, Ducky said:

How did they manage to have so many properties to sell under the scheme, by the way? Does anyone know?

If you look all of the Homewise houses they are also sold by Romans

Such as

http://www.rightmove.co.uk/property-for-sale/property-44124135.html

http://www.rightmove.co.uk/property-for-sale/property-55942531.html

 

Either they are a completely seperate company tied into each other with some shady deal or Homewise is owned by the same people as Romans, havent bothered to check

 

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Wouldn't be surprised if it is a ssite company of Romans. As you say they are also available to buy "at the full price" which from what I have seen is always way over current prices. I believe this is pretty much a scam to sell properties for more than they are worth to older people, perhaps taking advantage of those wishing to cash in equity early to provide BOMAD funds to their kids.

 

I did write to the local MP about this a while back and basically the reply was can't comment on these financial products.

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  • 1 month later...
  • 2 months later...
52 minutes ago, Bear Hug said:

£1,250 pcm 2 bed flat on top of funeral parlour. Two months on the market - no takers. 

Why don't they just move the inhabitants of downstairs upstairs? :blink: £3413 just to move in!!!!

Edited by XswampyX
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8 minutes ago, XswampyX said:

Why don't they just move the inhabitants of downstairs upstairs? :blink: £3413 just to move in!!!!

To be fair, dead people would be the least of my worries there.  Permanently jammed up Caversham Road however is a problem.

On a bright side: "Utility bills included".  In my experience that means that the tenants are going to be freezing, as the landlords do not tend to be generous when setting thermostat temperature up!  

That is until the tenants find a way to unlock the boiler room and change a few settings)

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I found this on my travels, the owner must be completely nuts

http://www.rightmove.co.uk/property-for-sale/property-49223918.html

28/07/2016,
  • Price changed: from '£699,950' to '£650,000
21/05/2016,
  • Price changed: from '£650,000' to '£699,950
04/05/2016,
  • Price changed: from '£599,950' to '£650,000'
08/04/2016,
  • Price changed: from '£499,950' to '£599,950
29/12/2015,
  • Subtitle changed: 5 bedroom semi-detached house  
06/10/2015,
  • Price changed: from '£575,000' to '£499,950
09/09/2015,
  • Price changed: from '£475,000' to '£575,000
25/02/2015,
  • Status changed: from 'null' to 'Available
21/11/2014,
  • Initial entry found. 

 

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2 hours ago, fandanman said:

I found this on my travels, the owner must be completely nuts

http://www.rightmove.co.uk/property-for-sale/property-49223918.html

21/05/2016,
  • Price changed: from '£650,000' to '£699,950
04/05/2016,
  • Price changed: from '£599,950' to '£650,000'
08/04/2016,
  • Price changed: from '£499,950' to '£599,950
   

 

I wonder what convinced them in 08/04/2016 that their house that wouldn't sell at 500K, was now 'worth' ~50% more 6 weeks later.

 

14 hours ago, Bear Hug said:

£1,250 pcm 2 bed flat on top of funeral parlour. Two months on the market - no takers. 

No pets, smokers, HB or children.

 

Loads of flats from £1000-£1250 on zoopla showing as available immediately, either put on months ago or newly listed (I presume re-listed but don't have property bee). The odd price reduction here and there but these voids must be really hurting some landlords.

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  • 415 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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