How much have house prices increased since Feb 09

Cannon_Fodder

Changed from Hobin Roberts, Northampton to Hobin Roberts, Kettering... http://www.rightmove.co.uk/property-for-sale/property-26979835.html

myhouse_2

New builds usually have around a 10% premium, which is fine in a rising market. This is just someone hoping to make a quick profit for doing nothing. You should also be thinking "what will this be worth in a year's time". Since all the main housing indices show drops, consider if negative equity (or at least negative value) will bother you before giving the vendor a nice profit. I would say 2009 value minus 10% for loss of new premium.

mark5

I dont think they have gone up where I live, they fell maybe 25,000-40,000 after the banking crisis and have not gone back up going on very local sold prices.

Some asking prices would tell you differently though but looking at different agents some seem to be out of sync when it comes to putting a value on a house.

I look at rightmove regularly and when a local house comes up for sale you can pick the ones that will sell in a couple of weeks and the ones that will be on the market ages.

jmt

bobbadog wrote: »

I like Mawsley, but I'm put off by it by the rumours of a wind farm being built there on the farmland. I'm all for wind energy, but its too near a residential area for my liking. My gut feeling is if people are selling after only 18 months (and I don't even think Mawsley, as a new build village, has all its ammenities yet) then these plans are still rumoured. There was a 'stop the great cransley wind farm' website in action campaigning against this, but its been taking down now, so perhaps my fears are misguided, but as it's a perfect place for such an energy farm, perhaps it will still come to light

I like Mawsley and my sister lives in the village which is why I want to buy. TBH the wind farm does not put me off, I actually prefer them to any other type of new energy - I looked at a similar mid terrace in Swinford and this has already got approval for a wind farm.

TOBRUK wrote: »

The trouble is that some think that whenever they bought a property that the value will have gone up by the time they sell! However, everone has a reason for selling and some are desperate to sell. Go and see it and ask their reason for selling.

Do you know if the fields behind are likely to be sold at some point to a developer? You may find that planning has been given on that land - go and ask the farmer who owns it.

What are prices like for 3 bedroom houses in the surrounding area, say 5 mile radius?

Cannon_Fodder wrote: »

Go and have a look to gauge their keenness, as well as check you like it - and that there's nothing wrong that has led to them moving out within 18 months...

Then, if you really want it, go in low. It says "vendors have found", so someone who is ready to go, might get quite a bit off.

I don't want to waste their time or mine in viewing, but I don't really think it is worth anymore than £135,000 ish. The fields behind - who knows, there is no current permission, but you never know.

jmt

myhouse wrote: »

New builds usually have around a 10% premium, which is fine in a rising market. This is just someone hoping to make a quick profit for doing nothing. You should also be thinking "what will this be worth in a year's time". Since all the main housing indices show drops, consider if negative equity (or at least negative value) will bother you before giving the vendor a nice profit. I would say 2009 value minus 10% for loss of new premium.

Well, this would bring it down to just under £128,000 and then we are close to the £125,000 threshold (I am not a FTB). I think I will just keep watching and hope that someone is really keen to sell over the next few months.

I have placed a couple of offers over the last 4 months on 2 beds in Mawsley and my last offer was on this property http://www.rightmove.co.uk/property-for-sale/property-15742761.html. I was the first person to view and offered £125,000 as I stood outside with EA after the viewing. The vendor thought about it for a few days and then turned it down - that was approx 2 months ago. I want really want to buy, but I want to protect myself from any drop over the next year or so and I really thought and still think that £125,000 was a good offer.

jmt

Cannon_Fodder wrote: »

Changed from Hobin Roberts, Northampton to Hobin Roberts, Kettering... http://www.rightmove.co.uk/property-for-sale/property-26979835.html

Do you think they changed the listing as it is being discussed on here - well, I have now added the new link in my original posting :rotfl: