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House prices....
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My parents and GF parents both subscribe to the Telegraph's home delivery. It's around £18 a month.
I'm going to convince them to cancel this weekend. If the paper can't report events honestly and want's to encourage people to pay over the odds on housing to support their EA friends then I'm going to encourage all the people I know to stop paying to read it.
I'll show them how to view the info online. My Dad bought a tablet recently anyway.
I know it's not much but the papers sloppy, partial "journalism" just cost them £400 a year.0 -
I have a predicament .I have a house in Botanic area and I want to sell .Three story non HMO .
Rateable value is £170,000 .
A developer / landlord will buy it .
Now the problem is what is todays value .What will it sell at without giving it away .
Estate agents dont seem to know what to value it at .
EA 1 says £60,000
EA 2 say somewhere between £60,000 and £100,000 .
EA 3 says somewhere between £90,000 and £130,000 . EA may have a cash buyer offering £100,000
Zoopla says its worth £107,000
and I am confused"Do not regret growing older, it's a privilege denied to many"0 -
Would need a bit more detail I think.I have a predicament .I have a house in Botanic area and I want to sell .Three story non HMO .
Rateable value is £170,000 .
A developer will buy it .
Now the problem is what is todays value .What will it sell at without giving it away .
Estate agents dont seem to know what to value it at .
EA 1 says £60,000
EA 1 say somewhere between £60,000 and £100,000 .
EA 3 says somewhere between £90,000 and £130,000 . EA may have a cash buyer offering £100,000
Zoopla says its worth £107,000
and I am confused
I think a lot would depend on exact location, condition of the property, etc. Also what if anything you owe on it.... are you desperate to sell? Do you need the money? Taking a hit on one property can still have overall benifits in the bigger picture!.0 -
It's only going to be worth what someone is willing to pay. Plenty of supply around BT7 and the university. There’s a massive amount of stock sitting for years and not selling.
From experience some Belfast agents (Templeton in particular) seem to over value just to get the business.
I would price around the middle and just keep cutting until someone bites. There's none of this "giving it away". If someone is prepared to pay for it they will. If there's no buyers around you'll not be able to sell. It’s not “giving it away” when someone gives you money.
Condition won't really matter. It will sell at a price that accounts for this.
Out of interest do you mean landlord rather than developer? I can't see what a developer would want with a 3 story in Botanic. Can't imagine many would be converting to flats in this market.0 -
From your figures £100k sounds like a good sum for the house. It sounds like it's worth closer to 80k.
Did the EAs give any indication of what similar houses have sold for?
You've mentioned this house before iirc in terms of the out of kilter RV and value. Are all the houses in that row (I'm assuming these are terraces) at the same RV?Stercus accidit0 -
saverbuyer wrote: »It's only going to be worth what someone is willing to pay. Plenty of supply around BT7 and the university. There’s a massive amount of stock sitting for years and not selling.
From experience some Belfast agents (Templeton in particular) seem to over value just to get the business.
I would price around the middle and just keep cutting until someone bites. There's none of this "giving it away". If someone is prepared to pay for it they will. If there's no buyers around you'll not be able to sell. It’s not “giving it away” when someone gives you money.
Condition won't really matter. It will sell at a price that accounts for this.
Out of interest do you mean landlord rather than developer? I can't see what a developer would want with a 3 story in Botanic. Can't imagine many would be converting to flats in this market.
Agreed. Especially with the new student housing planned in the city centre and north inner city. That'll take a lot of UU students out of the Holylands.
Can you tell us where the house is (even what street), how many bedrooms, what condition, whether it's a 'studenty' house etc? Then we can give an informed opinion.
Just as a guide to current values:
http://www.propertynews.com/Property/Belfast/ECSECS26973/Lot-10-16-Carmel-Street/200294840/Page1
http://www.propertynews.com/Property/BELFAST/PNC536670/17-Palestine-Street/200294840/Page1
http://www.propertynews.com/Property/Belfast/MCLMCC1820/26-Hatfield-Street/200294840/Page1
http://www.propertynews.com/Property/Belfast/ECSECS25976/40-Jerusalem-Street/200294840/Page17 Feb 2012: 10st7lbs
14 Feb: 10st4.5lbs 
21 Feb: 10st4lbs * 1 March: 10st2.5lbs :j13 March: 10st3lbs (post-holiday) 
30 March: 10st1.5lbs 4 April: 10st0.75lbs * 6 April: 9st13.5 lbs 27 April 9st12.5lbs * 16 May 9st12lbs * 11 June 9st11lbs * 15 June 9st9.5lbs * 20 June 9st8.5lbs 27 June 9st8lbs * 1 July 9st7lbs * 7 July 9st6.5lbs 0 -
nothing is owed on the house ,however I need to buy another for me to live in . This house has been in the family for 40 years .Outside this area house prices seem to be closer to the rateable value . Someone going to view it tomorrow so we will see what happens .It probably is a landlord rather than developer . Any off the houses that have not been converted /developed will have the same rateable value ."Do not regret growing older, it's a privilege denied to many"0
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So can you tell us where it is, what size etc?7 Feb 2012: 10st7lbs 14 Feb: 10st4.5lbs 21 Feb: 10st4lbs * 1 March: 10st2.5lbs :j13 March: 10st3lbs (post-holiday) 30 March: 10st1.5lbs 4 April: 10st0.75lbs * 6 April: 9st13.5 lbs 27 April 9st12.5lbs * 16 May 9st12lbs * 11 June 9st11lbs * 15 June 9st9.5lbs * 20 June 9st8.5lbs 27 June 9st8lbs * 1 July 9st7lbs * 7 July 9st6.5lbs 0
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The latest report is out, prices fell 12% in the year to September 2012 :beer:
http://www.northernireland.gov.uk/index/media-centre/news-departments/news-dfp/news-dfp-211112-residential-property-prices.htm
Old Git, I see that you sold your house in BT7, well done. Did you get what you wanted/expected?7 Feb 2012: 10st7lbs 14 Feb: 10st4.5lbs 21 Feb: 10st4lbs * 1 March: 10st2.5lbs :j13 March: 10st3lbs (post-holiday) 30 March: 10st1.5lbs 4 April: 10st0.75lbs * 6 April: 9st13.5 lbs 27 April 9st12.5lbs * 16 May 9st12lbs * 11 June 9st11lbs * 15 June 9st9.5lbs * 20 June 9st8.5lbs 27 June 9st8lbs * 1 July 9st7lbs * 7 July 9st6.5lbs 0 -
This is also illuminating: http://www.belfasttelegraph.co.uk/news/local-national/northern-ireland/northern-ireland-properties-auctioned-off-at-rockbottom-prices-semi-sold-for-25000-16232287.html7 Feb 2012: 10st7lbs 14 Feb: 10st4.5lbs 21 Feb: 10st4lbs * 1 March: 10st2.5lbs :j13 March: 10st3lbs (post-holiday) 30 March: 10st1.5lbs 4 April: 10st0.75lbs * 6 April: 9st13.5 lbs 27 April 9st12.5lbs * 16 May 9st12lbs * 11 June 9st11lbs * 15 June 9st9.5lbs * 20 June 9st8.5lbs 27 June 9st8lbs * 1 July 9st7lbs * 7 July 9st6.5lbs 0
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