Cheapest House ?

Heyman_2

jamtart6 wrote: »

Link here
£50k is the closest to me....i think someone forgot the windows???

LOL - crikey, claustrophobics need not apply! I can just see Lloyd Grossman standing outside saying 'Who (the hell) lives, in a place like this?'

Closest to me is £139K for a 2-bed house, which is quite reassuring actually.

PasturesNew

chrisandanne wrote: »

That's CHEAP...OK OK...Wales not included !!!. I can't believe how cheap Wales is. What sort of price were they selling for last year ?. A x

http://www.rightmove.co.uk/property-for-sale/property-23501801.html

Prices in that road back to 1995
http://www.ourproperty.co.uk/showroad.html?type=road&road=EDWARD+STREET&district=FERNDALE&locality=MAERDY&country=england&postcodes=i%3A0%3B&date=all&order=dateup&redirect=showroad.html%3Ftype%3Droad%26road%3DEDWARD%2BSTREET%26district%3DFERNDALE%26locality%3DMAERDY%26country%3Dengland%26postcodes%3Di%253A0%253B%26date%3Dlast2%26order%3Ddateup

Edit: Number 66 was £6k in 2000 and £38k in 2008.

Addiscomber

jenner wrote: »

addiscomber are you in addiscombe? im in beckenham but was bought up in penge.

Sure am, but I was brought up about 4 roads away from Bourdon Road.

puddy

all the best people are pengians

chrisandanne

PasturesNew wrote: »

http://www.rightmove.co.uk/property-for-sale/property-23501801.html
Edit: Number 66 was £6k in 2000 and £38k in 2008.

It's actually overpriced, it should be up for about £25k. Ring the estate agents PN and tell them.

I think Yoshua gets the prize today, it's money off the house of his choice, redeemable at any estate agent in the country. :T

kittiej

Back in 1999/2000 there were many houses around this area for sale for about £6ooo.

It was very common and a lot of the houses were decent, it's just this area.

Being a former mining area there weren't that many jobs when the pits closed, that was until the yuppies from Cardiff discovered the Rhondda and the house prices shot up overnight to ridiculous amounts that the locals could never afford.

chrisandanne

kittiej wrote: »

Back in 1999/2000 there were many houses around this area for sale for about £6ooo.

It was very common and a lot of the houses were decent, it's just this area.

Being a former mining area there weren't that many jobs when the pits closed, that was until the yuppies from Cardiff discovered the Rhondda and the house prices shot up overnight to ridiculous amounts that the locals could never afford.

It was the same in the mining villages in South Yorkshire, you could get a terrace house for £8k in 1999. Nobody wanted them because there was no work there.

I once many years ago went to a wedding in Cwmtillery (sp?), I couldn't understand a word the brides relatives said. Nice people though. A x

Yoshua

Addiscomber wrote: »

I wouldn't call Bourdon Road a sh.t hole, unless it has gone seriously downhill lately. I can think of far worse bits of Penge/Anerley, let alone elsewhere.

I am staggered at the guide price though - I should think there has to be something wrong with the property . Unless there are 2 different ones for exactly the same auction it looks as though that studio sold for £115,000 in March 2007. A different one sold for £71,500 in September 2008.

Sorry about calling the place you used to live a shthole, I just made an assumption based on the 20K price tag.


Anyway with your figures, we are looking at over 80% Japan style price drops in South London.
This one example shows how over priced most houses still are today.

hethmar

But that place is a bedsit on what looks like a local authority block, - hardly representative of price drops - whatever it goes for eventually.

Generali

You can buy this for about GBP400/acre:

http://www.tritonproperties.com.au/land/tara/tara-goranba-weranga-1.htm

It's not much use for anything though.