A recession success story...

IveSeenTheLight

mitchaa wrote: »

I would prefer the Kingswells/Westhill area. Good access for work, and I wont need to battle the Haddigan roundabout every evening:D But the wife wants closer to the centre where she works and a couple of private schools in the Queens Rd area that she wants to have a look at. (Would be secondary school anyway, if that were ever to happen)

Purely up to you guys, but I would put money on if you do go for the Hilton properties, you'll be moving again in a couple of years

mitchaa

IveSeenTheLight wrote: »

Saying that, looking closer, I agreed on my property Q1 2007 (Moved in Q2) So the figure shown is at around £160k and Aug 09 data showing a smidgen over £190k

Works out at around 20%. (My offer was +15% on my purchase) so a little under what the ROS states.

Thrugelmir

mitchaa wrote: »

Showing about a 10% rise for the area, mine worked out at around 15%, so probably more in line with the signature data below (Just above 15%)

I would prefer the Kingswells/Westhill area. Good access for work, and I wont need to battle the Haddigan roundabout every evening:D But the wife wants closer to the centre where she works and a couple of private schools in the Queens Rd area that she wants to have a look at. (Would be secondary school anyway, if that were ever to happen)

The only reason to put off buying is the thought of a 2nd stage crash. Although I think Aberdeen would be safe again if it did happen, there are some very overpriced properties in Aberdeen as im sure you'll know that i do believe quite a few need to drop. Ex council houses in dodgy estates with £225k+ asking prices So the market is confusing me a little.

Like I said, I suspect the wife will win this battle.

So as a comparison how much have house prices increased in the areas you looking at?

Have they peaked ?

mitchaa

IveSeenTheLight wrote: »

Purely up to you guys, but I would put money on if you do go for the Hilton properties, you'll be moving again in a couple of years

Being from 70m south and just getting used to Aberdeen, local knowledge is invaluable so ill take it on board.

I thought the Queens Rd area was the most prestigious area in Aberdeen? (Not far from the Hilton area) You seen the houses along that Rd going into town? Quite a lot of £1m+ properties along that rd.

There are quite a few Aberdeen footballers though that live in the Kingswells/Westhill area so i suppose that says something about the area.

mitchaa

Thrugelmir wrote: »

So as a comparison how much have house prices increased in the areas you looking at?

Have they peaked ?

You can see that our market peaked summer 2008 so nearly a year after they did Nationally. Been trending down ever since.

phil_b_2

It sounds like you're in a great position. I'd personally sit on a big chunk of that inheritance instead of plowing it into another property. Financial security is the best luxury you can have.

Thrugelmir

mitchaa wrote: »

You can see that our market peaked summer 2008 so nearly a year after they did Nationally. Been trending down ever since.

I was thinking more about the specfics of the houses that you mentioned in your OP. What did they sell for in 2007? Have they moved above/below local market trends ? That might tell you more about the areas.

IveSeenTheLight

mitchaa wrote: »

Being from 70m south and just getting used to Aberdeen, local knowledge is invaluable so ill take it on board.

I thought the Queens Rd area was the most prestigious area in Aberdeen? (Not far from the Hilton area) You seen the houses along that Rd going into town? Quite a lot of £1m+ properties along that rd.

There are quite a few Aberdeen footballers though that live in the Kingswells/Westhill area so i suppose that says something about the area.

Queens road and Hilton Drive are about 2.5 miles apart.
Walkable in about 50 minutes.
When you are looking at places for your kids, you really are looking at the area on your doorstep.
Sounds like you should think about doing a lot more research on potential areas

IveSeenTheLight

mitchaa wrote: »

You can see that our market peaked summer 2008 so nearly a year after they did Nationally. Been trending down ever since.

No it trended down for about 9 months.
Now it's trending back up.
May likely trend down over the winter again
And then back up in the Spring ;)

mewbie_2

Mitch my dearest friend, you can't put a price on love. Whatever makes her happy, and if at the same time you feel the need to make a small contribution to my own charitable fund please PM me.