Firmer prices in Leicestershire at last?

baby_boomer

William Davis have just changed the prices of newbuild flats in the desirable Rothley village centre as follows over the last three weeks

1) £200K with a £50K 10 year interest free loan
2) £200K without the loan
3) £210K without the loan

Leicestershire prices have been as soft as a baby's bottom over the last five years - including a 0% "rise" in July 2009.

William Davis over-optimistically had the flats on at £250K about 8 months ago.

Is this a trend or just a blip/William Davis desperately trying to sell before a further downturn?

Phirefly

baby_boomer wrote: »

William Davis have just changed the prices of newbuild flats in the desirable Rothley village centre as follows over the last three weeks

1) £200K with a £50K 10 year interest free loan
2) £200K without the loan
3) £210K without the loan

Leicestershire prices have been as soft as a baby's bottom over the last five years.

William Davis over-optimistically had the flats on at £250K about 8 months ago.

Now this is well and truly my stomping ground... I've been intently watching house prices in an area that encompasses Rothley for the last 3 years and I reckon they've still got a way to go with the reductions before they start shifting them. There are similar asking prices for comparable developments in nearby Quorn and Woodhouse Eaves and all of them have been on the market ages.

I have no idea what market they're trying to appeal to with these 2-bed luxury conversions incorporating newbuild complexes. Its a shame because William Davis are an excellent local company but it seems they've just miscalculated with some of these recent developments and have been hit hard.

baby_boomer

Even before the first WD price increase a local estate agent suggested that the Rothley development was seriously over-priced.

But with four flats marked sold over the last three weeks, it looks like WD might manage to shift it after all? Rothley is des res - but the problem is there's nothing directly comparable in Rothley AFAIK. After all, this development backs onto Rothley Church and Rothley brook. It's a one-off (after the sale of the Grange by Severn Trent Water and then LCC).

Does this perhaps give the lie to the idea that people can downsize and fund their retirement. Downsizing from a four bed Leicestershire family home will not leave you any change to spend.

The sales lady said that the market was downsizers and divorced people.

I'd really appreciate your further comments and examples of similar NW Leicestershire properties, Phirefly .

Phirefly

baby_boomer wrote: »

The sales lady said that the market was downsizers and divorced people.

I'd really appreciate your further comments and examples of similar NW Leicestershire properties, Phirefly .

I'm now suspicious that you ARE that sales lady, Baby Boomer!

Well I'm glad they're shifting if only to bolster WD as a good local business and employer.

I think Rothley is overrated. No wonder those developments hold zero appeal for me, I'm about as far away from that target demographic as it gets. I've got to get Mr. P to get a ring on my finger before we can even THINK about divorce!! Anyway I reckon those considering that Rothley development will no doubt have considered these too...

Quorn1, Quorn2, Quorn3, Quorn4, Quorn5, Wanlip, Quorn Park, Barrow, Sileby, Woodhouse Eaves

There's just so many of them around....

carolt

There's a place called Quorn? How cool is that!

Is it where Quorn (the vegi stuff) comes from, like Cheddar? I always assumed it was a made-up name. Bet no-one believes them when they say where they live.

Phirefly

no, unfortunately there are no fields of quorn in Quorn. It is however home to none other than

carolt

Um..who is she? She looks like a younger version of Esther Rantzen..

Phirefly

You're having me on, right?! You mean to tell me you don't have a copy of

baby_boomer

Phirefly wrote: »

I'm now suspicious that you ARE that sales lady, Baby Boomer!.

I wish.

At my age I'd give anything for a body that good :rotfl:

To Carol
Quorn has become increasingly cool for the 30s/40s crowd with more places to eat.

Phirefly wrote: »

I think Rothley is overrated.

I tried to park there the other Friday evening for a meal out and was astonished to find all places taken. So it's not just the 60s+ who are attracted these days.

And the Woodies is a nice pub .

Phirefly

May I ask, what's your interest? Have you been to view Fowke Street with a view to buying?

baby_boomer

Yes. I'm looking for a pleasant place for my mum so that she has no house / garden worries in her last decade or three.