Asking prices v sold prices

lotto-dreamer

On market in 1999 - £62,995 -I paid £59,000 I made some small improvements over the years - new bathroom and general decorating

Have just accepted £158,500 offer (2008) was on at £169,995.

Area - East Northants

space_rider

East Midlands. Nov 2006. Asking price £156,000 paid £145,000.

Kez100

Pastures was likely in the right place. Prices went stupid down here due to second homes owners but they will fall stupid amounts too.

We were once told, and have seen it bourne out by sale prices, that our view alone was worth £50k. What rubbish. That premium will return to about £5-10k as quickly as it arrived.

boyse7en

Bought in 2001

Asking price £125,000
paid £140,000 (were gazumped after waiting 4 months for probate on property to come through, grrrr)

Valuation last year (July 2007) was £375,000 (note: this was probably just finger-in-the-air Estate Agent guesswork as no other houses have been bought or sold in our Hamlet since 1999), but decided we didn't want to sell.

Value now? Who knows?

Outskirts of Barnstaple, North Devon

PasturesNew

pawpurrs wrote: »

Thats a good increase, did you do it up?

PS How do I multi quote?

Not like they do on the telly.

It was a bit of a mess. I was mortgageable for a VERY short period of time so had to "buy something/anything" and had already had 3 purchases fall through because of rubbish surveys. So was desperate.

Pulled up outside and it was minging. Painted a mink colour outside it looked like the front might fall off. Windows were old/wooden/rotten/stuck. Place was a mess.

Overall I:
- fitted new DG throughout, with trickle vents, openers on every window, gold handles. (2 huge bays plus another 5 huge windows 6' high and a small bathroom window).
- ripped out two immersion heaters and two water header tanks. Fitted combi boiler.
- had wiring checked and some re-wiring done
- removed wallpaper from every wall. Replastered 3 rooms where the walls fell down. Emulsioned throughout.
- ripped up manky kitchen flooring and rear extension flooring. Tiled throughout the ground floor where there weren't floorboards.
- put in central heating from scratch. 13 radiators.
- new soffits/fascias and guttering
- additional velux window in roof
- removed loft room stairs, created hatch. Boarded loft so it looked nice for storage.
- ripped out avocado bathroom suite, put in lovely shower room and re-instated 4th bedroom out of the space.
- opened up 3 old fireplaces, put in one surround, left others as alcoves
- replaced 4 internal doors with good quality doors with key locks
- replaced utlity sink/base with sink/base and a new top
- replastered ceiling of a bay window area that started falling down
- replaced couple of rotten joists
- created under stairs storage cupboard
- stripped front of house and had it repainted (twice in that time)
- had some lead flashing put in and rear wall repointed
- replaced sewage downpipe from upstairs loo
- new carpets in 3 rooms.
- Removed some kitchen cabinets and put in a new base and work surface
- fitted shower over bath in main bathroom
- removed half a huge, leaking, unuseable garage and fitted a remote control garage door to the remainder, with auto-sensor light when you drive in

Did lots of other small jobs. Did that lot over 4-5 years, bit by bit. So a pricey way to do it really. And annoying. Builders were poor with quotes, poor at turning up, some poor workmanship that had to be corrected (some trades sacked).

Probably spent £15-20k in that time.

PasturesNew

Kez100 wrote: »

Pastures was likely in the right place. Prices went stupid down here due to second homes owners but they will fall stupid amounts too.

Yes. Where I was became popular with yuppy city boys.
They won't be buying 2nd homes now they're on the dole.

zappahey

Wiltshire: bought in May 2006, asking £210k got it for £208k

Sold in June 2008 for £220k, full asking price.

tinecu

There's two sets of house price data available on home.co.uk
that allow you to compare.

See: http://www.home.co.uk/guides/house_prices_by_town.htm

e.g. Birmingham House Prices

:T

lostinrates

tinecu wrote: »

There's two sets of house price data available on home.co.uk
that allow you to compare.

See: http://www.home.co.uk/guides/house_prices_by_town.htm

e.g. Birmingham House Prices

:T

Thats a great link, but somthing is skewing the data quoted below!! What am I missing with th one beds?

Property Prices

by Number of Bedrooms

No. of properties
One bedroom4£1,304,375 £725,00088 days

Two bedrooms49£244,491 £249,950123 days

Three bedrooms59£369,484 £330,000162 days

Four bedrooms35£609,951 £555,000188 days

Five bedrooms20£973,998£847,500152 days

piglet_moo

East Midlands
Bought 03/2003 - 89k asking price, paid 86k
Sold 11/2008 - 120k asking price, sold at 117.5k