How much for theses houses next year?

novazombie

How much do you think these will be worth next year?

2 houses in Mill Hill next door to each other. One has been for sale a long time price has come all the way down to 249K, I would be interested if the price came down another 100K.

This is the area and sort of place I have my eye on to buy when prices fall enough. I was thinking when one sells I would be interested in the other one for a lot less.



http://www.rightmove.co.uk/property-for-sale/property-24693872.html?locationIdentifier=POSTCODE%5E622652&sortByPriceDescending=false&displayPropertyType=houses&radius=1.0&oldDisplayPropertyType=houses&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DPOSTCODE%255E622652%26sortByPriceDescending%3Dfalse%26displayPropertyType%3Dhouses%26radius%3D1.0%26oldDisplayPropertyType%3Dhouses

http://www.rightmove.co.uk/property-for-sale/property-11308149.html?locationIdentifier=POSTCODE%5E622652&sortByPriceDescending=false&displayPropertyType=houses&radius=1.0&oldDisplayPropertyType=houses&pageNumber=1&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DPOSTCODE%255E622652%26sortByPriceDescending%3Dfalse%26displayPropertyType%3Dhouses%26radius%3D1.0%26oldDisplayPropertyType%3Dhouses

Dan:_4

You will have to wait 12 months to get your answer.

themanbearpig

Impossible to predict without knowing a lot about that area. But a 2 bed terrace, 300 yards from the M1 for £250k is cringe worthy.

wymondham

I go with about £150,000

chewmylegoff

probably still both be on the market for £250k i should think, no takers.

Cleaver

novazombie wrote: »

How much do you think these will be worth next year?

I have no idea.

Do you not think they are both incredibly dull and depressing houses whatever the price?

Thrugelmir

Cleaver wrote: »

I have no idea.

Do you not think they are both incredibly dull and depressing houses whatever the price?

and they are priced at 10 times average UK salaries........

No wonder we're going through a period of asset revaluation.

b0rker

I suggest that you move to Inverness.

You would get three of those for £250K up here!

Or alternatively one, nice, house for £150K...

The_White_Horse

yes, but Mill Hill is a very expensive area. always has been, always will be.

RDB

Thrugelmir wrote: »

and they are priced at 10 times average UK salaries........

No wonder we're going through a period of asset revaluation.

Interesting. Do you really think houses like this in very good areas like Mill Hill will come down to about 3 or 4x average wage?

I can see them falling another 100K by the end of next year tops as the OP said.

But by then you could get a really nice house in N,London for about 150K.

thriftybabe

Have a look at some of the properties in America and it might give you an idea.;)