Cheapest property- where you live? Anecdotals

lynzpower

Im staggered to see a flat has just gone on the market ( 3 bed, ex local ) fair enough in one of the worst postcodes of the capital, but a mere 66950!NO shared ownership, no weird developers schemes..... Im not sure what it would have fetched at peak, but Id say at least 100k. Ive been mainly watching 3 bed ex local ground floor folats/ maisionettes in London, and in the areas Ive been looking in they were 285 peak ( some 325 even) and now seeing on those roads 210 ish

Are prices doing the same in your area, I find these sort of dips quite staggering....

epz_2

I have seen a couple of 3 bed semi's in lanakshire for about 56k , granted they were repos and its not the nicest area but it was nice to see houses being priced at sensible levels.

tomterm8

Um... well, I think in my village, prices are actually still rising, judging from the fact a house in my area sold three months ago for more money than 2 years ago.

lynzpower

Yes but had someone painted it magnolia and put laminate in

tomterm8

No, I don't think they did any real work to it. The street I live in always seems to have about four different building companies working, and a builder bought the house next to mine to do up last month... The housing boom is still on here. It' weird.

lynzpower

Where are you Tom?

tomterm8

Pembury, near Tunbridge Wells. It is an odd little village, house prices never really took off compared to the region and so you can still buy much more house for your money than most of the other villages around. And yet, it's within 55 minutes commute of kings cross, all the major airports, and they are building one of the largest hospitals in kent.

amcluesent

Affordable housing has a downside, my neighbourhood's going down the toilet as all sorts of chavs and EEs move it. Spotted some home-owners-of-the-religion-of-peace too.

ad9898_3

The best for the cheapest I've seen was 2 bed detached bungalow, conservatory, detached garage, corner plot, nice semi rural area, it went for 99k, peak value on these was 154k.

House wise, 3 bed detached, garage, front, back garden, 15 ft sq. conservatory, semi rural again, nice area. Literally 5 mins walk and your in the countryside, 135k, at peak these were 188k.

fc123

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=OUTCODE%5E2318&maxPrice=170000&displayPropertyType=houses&oldDisplayPropertyType=houses&includeSSTC=true&_includeSSTC=on&index=40

London; £139,950 for a whole half decent Vicky house in demi-grot but not that bad area. Commutable, road noise etc but you couldn't get a conversion in that area for that price 3 years ago.

Just going to look at Brighton now ...surely the lost inflated property prices in the whole of the UK?

fc123

http://www.rightmove.co.uk/property-for-sale/property-20951971.html?locationIdentifier=REGION%5E21393&maxPrice=190000&displayPropertyType=houses&oldDisplayPropertyType=houses&includeSSTC=true&_includeSSTC=on&pageNumber=1&premiumA=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E21393%26maxPrice%3D190000%26displayPropertyType%3Dhouses%26oldDisplayPropertyType%3Dhouses%26includeSSTC%3Dtrue%26_includeSSTC%3Don
£180k Bungalow
I am familiarish with prices in this area as I remember looking at very nice deco sea front stuff when we first moved down.

I am sure the cheaper bungalows were about 180k back in 2005/06.

Not falling as fast but could be elderly buyers who take a while to catch up on things?