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If you look within half a mile of your postcode, there are 62 houses for sale for less than £125k, and 24 of these have 3 bedrooms. I guess that's 24 houses to view before yours...
Lowering the price on rightmove, the 3 bed properties don't start to drop out until about £100k, so I think ultimately, your house is priced too high given the amount of houses for sale in the area.
Photo 8 has what looks like a horrible view from the window! Blind down or different angle??Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)0 -
The scary thing for OP is that the north east is the place which is going to be worst hit by the cuts in government spending. So house prices will continue to tumble up there for the next few years. I would expect this house to be worth 90k within a few years.
I think generally across the UK house prices will not fall by too much (although they will fall in real terms), but this hides the two speed housing market which has already been established. London and the S/E arent dependent on public sector jobs to the same extent the North east is. Thus the cuts are really going to push up unemployment and hurt housing prices in the N/E alot when they come in. And that is on top of a 16% decline since OP bought their house in march 2007 which was part of a wider house price correction across the UK.
I would expect this house to be worth £90k by early 2012, and maybe a fall to £75k wouldnt be unheard of. They are already down alot and the cuts havent even started to bite yet!I am not a financial expert, and the post above is merely my opinion.:j0
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