View Full Version : Property is so good...
Would you choose this one (http://www.rightmove.co.uk/viewdetails-3953686.rsp/svr/1002;jsessionid=9158A9BC7F711FD394C7D7C11C91E6B3?p a_n=1&tr_t=buy&chnl=buy) or this one? (http://www.rightmove.co.uk/viewdetails-4379867.rsp/svr/1002;jsessionid=9158A9BC7F711FD394C7D7C11C91E6B3?p a_n=10&tr_t=buy&chnl=overseas)
:?
It's not funny anymore, and no I don't have ?160,000.
--posted in Gen by accident, reposted here
NovaloadedAgain
22-01-05, 07:10 PM
Id say the 2nd one mate, Purely coz its got a garage for 2 novas+ lol
lol @ grasmere road.
Try skerton fester, you'd beable to pick up a bargain in there.
All tho it'l probably come with some DSS tenants too :-)
It's getting rediculous - Lancaster is unaffordable :!:
There's an ex-council place on the Ridge in need of 'extensive renovation' for ?55,000 - so, the worst build of house, in the worst area, in need of gutting and renovation, for the mortgage an ?18,000 job would get... CRAP.
Al Wilson
22-01-05, 07:34 PM
But the first is so homely and inviting lol
It's getting rediculous - Lancaster is unaffordable :!:
There's an ex-council place on the Ridge in need of 'extensive renovation' for ?55,000 - so, the worst build of house, in the worst area, in need of gutting and renovation, for the mortgage an ?18,000 job would get... CRAP.
oh god, the ridge ! now that is bad lol
fester, the resident architect will now keep an eye out for brgains
I'm not looking to buy, just commenting on the UK market in general lol
It sucks m8, in this day and age you need at least ?100k in my part of the country for anything even close to something you could call 'liveable'.
We (Me and wife) bought our place just over 18 months ago for ?97k, and it's now worth approx ?120 - 125k, great almost ?30k profit! Fantastic! But it's not, cos the next rung on the property ladder has increased by the same if not more! :x
My Mum & Dad have told me that once my brother has moved out (if he ever does!) then their house is going on the market and would I be interested?
Yes I'd be very interested, but it's in a decent part of town, big garage, big garden, own driveway and loads of other plus points (One of which is that their (my old) neighbour is a mechanic, works from home with full garage facilitys and he has a heated swimming pool which he lets me use whenever I want pretty much).
Now I'd love to buy it and if I did would probably never want to move for the rest of my life - to me it's worth not having a lot of money for myself for a few years just for the fact that I'll be stable and settled, but the trouble is getting it in the first place and being able to pay things like council tax in that area.
And that's with myself and my wife both in full time employment.
Bugger!
:evil:
Tell me about it jules, i bought my first 2 bed house for 30k, sold it for 74k. Great 44k profit, so ploughed it into the 3 bed i have now and its got a profit margin of 90k but again it aint gonna go no where when looking to improve on property round my way at the mo.
My first house is now on the market for 115k lol so thats a rise of 85k in 9yrs
Definately the second!
I'd love to live in that house
great almost ?30k profit! Fantastic! But it's not, cos the next rung on the property ladder has increased by the same if not more! :x
This is the catch... you can have countless "market analysts" on the telly saying how great the house market is and we're all sitting on goldmines.... but, property values are only really comparable to other property values - as Jules says, you can sell up and make a "profit", but when every the other property has increased in value by the same margin, that "profit" becomes obsolete.
bought at the right time
bought my house for ?38k its now worth at least ?75k
altho i did struggle being only 20 thought i was too young to buy a house bla bla bla
me old man was on about houses/moving out etc to me the other day!
he moved his company up from london back in 88 to the west mids, got a 187k ?? morgage on our current house and its now valued at about 280k ?? :o
but that wont get a 4 bedroom, detached, double lenght garage'd house where the downstairs is 80% one room and all open plan!
all the other local houses are well over 300k round here now! :| and he exspects me to move out and get a morgage of my own, sod that :? :|
was on the news earlier average buying ages is now 34!!!!
the example was a couple were looking to buy a 2 bed, mid terrace house somewhere nr manchester and it was 65k!
houses like that near me are going for well over 110k!
it's either buy a crap house where no-one else wants to live,
rent which is dead money or stay with parents/family until you can afford it
group buy is the future :lol:
5toprjepog
23-01-05, 12:41 PM
id have the first one cause im not intouch with my tornado side and it looks like its made of wood and also i couldn't be bothered to move that far id have to leave my nova behind
nooooooooooooo its got be the first one
The only way to see the profit from your "goldmine"
is to sell up now (or whenever you feel the max peak is occuring)
and then rent, or live in a caravan, or cave :?: untill the prices fall.
then you can afford a much better house.
but not many people are in the situation to do that (family, work) and you never know when the market is going to fall again. So you could be renting for years and years.
or property development, do it right and you can earn ????, but you have to have a large sum of capital to start off with
My mums house now, is worth about 2.5x (100k, to 250k) as much as she bought it for. but so is everything else. And i've done all the planning drawings and some small building regs drawings (drainage really) so we've been able to convert our garage e.t.c with minimal costs
my parents house cost them 105,000 back in 1990
now its worth well over 300k
pmsl... when we all move out and they downgrade that will be a nice bit of cash to sit on
scott.parker
23-01-05, 11:22 PM
my parents house cost them 105,000 back in 1990
now its worth well over 300k
pmsl... when we all move out and they downgrade that will be a nice bit of cash to sit on
Thats what my mum and dad want to do once i feck off,they got the place we are in now back in 86,i was six,lol.it only coast them ?64k back then now its worth ?350.000..but as said unless they move off to a cheaper place and downgrade there not getting any cheeaper here,as the local council s putting a historic place of intrest on stratford upon avon at the end of 05,(due to that nobba in tights who wrote plays) well there flinggin houses up all over at the mo,once they bring the act into play theres to be no new bulid in stratford what so ever,meaning the price will rise to silly amounts,might make are place near to ?500k :o
So if my olds can hold out there in for some big dosh to relocate with..
So i could also do with finiding a place to buy now and sel once it comes into play :lol:
scott
around here you are looking at 120K minimum for a 2 bedroom hovel.
Was up in derby at the weekend, you can get a three bedroomed semi for under 100K.
?Marty?
25-01-05, 07:11 PM
Get a better job.
I KNOW that Fester will REALLY appreciate this comment. lol :wink:
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