Southerner wishing to buy in north

Angela_D_3

vik1491 wrote:

I'm thinking about maybe buying in hull as prices are extraordinarily cheap there and it seems to meet many of the requirements specified in a book I am reading: regeneration, industrial, good transport links...
Also can anyone explain why house prices have increased in burnley by more than 30%?! From what I have read about the place on wikipedia it doesent seem as promising as somewhere like hull.

PMSL - have you been to Hull, i suggest you go and have a look around before jumping in, it's not what you'd call a prosperous area.

advent1122

ezi ppz im a bhe er so shut ya mouth dissin bhe lyk !!! down newlyn masive den we ull c huz dissin hu

One of the replies.
Hysterical.

advent1122

yh n so wat if we du twok cars al !!! n twok car def jam it n burn it in ya frunt garden u swewty snob

Another pearl of wisdom.
You sure you still want to buy in Hull?

peterg1965

So why do you want to buy in the 'north'?? I believe it is a bit of an urban myth that property is dirt cheap up here. In fact I think it is rather patronising of you to think buying up 'north' is a way of making easy money. If it is that appealing why dont you venture up here and do some investigation, make sure to take some proper precautions though!

ds1980

yeh but you don't necesarily have to buy in a prosperous place only somewhere you can make money from and hull is definately that. I have seen growth of 200-300% in a couple of years easy.

my sister bought a 3 bed terrace just over 2 years ago for £27000 now been valued at £110000......crazy!!!! with minimal work done to it.

My mum and dad own a detached 7 bedroom house in a nice area if there iis such a place worth probably no more than £250000!!!!!even more crazy!!!!

ds1980

advent1122 wrote:

ezi ppz im a bhe er so shut ya mouth dissin bhe lyk !!! down newlyn masive den we ull c huz dissin hu

One of the replies.
Hysterical.

To decipher:

Could you go easy my friend. I am a resident of bransholme so please close your mouth. Mocking bransholme I don't know whatever next! If you would like to frequent the newland avenue are then we can sort this out with some fisticuffs!

ds1980

advent1122 wrote:

yh n so wat if we du twok cars al !!! n twok car def jam it n burn it in ya frunt garden u swewty snob

Another pearl of wisdom.
You sure you still want to buy in Hull?

To decipher:

And so what if we take cars without the consent of others. If I had my way i would steal your automobile and crash it into the nearest garden and set it ablaze as to conceal evidence. Oh yeh and you have a sweaty phalux.

advent1122

ds1980 wrote:

To decipher:

And so what if we take cars without the consent of others. If I had my way i would steal your automobile and crash it into the nearest garden and set it ablaze as to conceal evidence. Oh yeh and you have a sweaty phalux.

Classic.
I actually did a huge belly laugh and frightened the wife who is busy watching Coronation Street.

vik1491

Hull seems to be the only promising place where the average price of a detached house is currently under 170k and surely anybody who buys in the area will reap rewards from capital gains within the next few years. And when I say promising I am going by what I have read about hull on the net. I have also read that it has a high crime rate but so do a lot of places including luton which was recently voted the crapiest town in uk, but I dont think its that bad. Some areas are good and some are bad just like any place. I intend to buy in the good areas! I know the prices will be more expensive in these areas and rightly so. Also I would never intend on buying without visiting the property and area first. I am just worried about the fact that if I bought in hull and there were problems regarding the property I would maybe have a 360 mile round trip on a regular basis which wouldnt be good for my health or my pocket! For this reason I am currently leaning more towards buying closer to home i.e. good old crappy luton!

Peartree

Suspect the average price of a house in Burnley has gone up simply because they have knocked down a lot of the cheaper run down properties, which were keeping the average down, as part of a major regeneration programme.

I'm not at all clear about why you want to buy a house in 'The North'. Is it for rental? Bear in mind that if the prices for buying are lower then so are the prices for rental. If you're buying to make a profit further down the line, I don't see that it makes much difference if you buy a house in 'The North' or 'The South'. There's just as much regeneration going on in The South as The North and prices have tended to rise faster there.

The North/South gap in houses prices has really narrowed in recent years. In addition, there are endless aspiring property magnates up here who have the advantage of local knowledge. At the moment I think you would have to work very, very hard to find a bargain that wasn't a bargain for a very good reason!

Working in the sector, I'm very cynical about the benefits of regeneration projects. Sticking a shiny redevelopment in a run down area doesn't necessarily bring the area up - it can actually impact badly on the surrounding areas. A major redevelopment in my town has put so much pressure on parking in the surrounding area that no-one wants to live there, for example.

As another poster said, it can also mean that a lot of property is knocked down - as has happened in Burnley. Incidentally, Burnley isn't the world's prettiest town but it is right in the middle of East Lancashire which is largely rural and has stunning, largely undiscovered green spaces. However, industry has declined and there is quite a high level of deprivation in the urban areas. A whole pile of money is going into the area but I'd still say you'd be taking a massive, massive gamble investing in property there.

If that weren't the case, there would be a huge queue of potential property investors (because we aren't stupid in Lancashire) and I'd probably be near the front of that queue!

Also, given the shortage of property and prices in the south east, people down there are prepared to put up with a lot more to to get their own property - even a high crime rate. I don't think the same is true up here where there is much more choice so these factors can have far more impact. After all, who on earth would want to live in Luton if they actually had a choice!