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Why are these flats 40% up in a year?

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Comments

  • Barter
    Barter Posts: 593 Forumite
    Part of the Furniture 500 Posts
    A garage has just been put on the market in Bath for offers over £100,000!
    http://m.zoopla.co.uk/for-sale/details/39975245?search_identifier=cc219641a601a5814148a8b78aac99e7
  • Brightspark87
    Brightspark87 Posts: 1,466 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker Debt-free and Proud!
    Davesnave wrote: »
    That's the first time I've ever seen anyone suggest Severn Beach as an alternative to Bath, but I suppose it has it's own charms..... and there's Shirley's Cafe + a tenuous link to the young Bob Dylan.....:rotfl:

    I just suggested it as more affordable and high rent yield! Plus I think its an area that will increase:p:p(although of course Bath is the lushest area!) Clifton is stunning but has huge parking issues and very expensive too...

    Paid off all Catalogues 10.10.2014
  • mubeye
    mubeye Posts: 120 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    I just suggested it as more affordable and high rent yield! Plus I think its an area that will increase:p:p(although of course Bath is the lushest area!) Clifton is stunning but has huge parking issues and very expensive too...

    I've never been, but always wondered is the motorway audible round Severn Beach way?
  • Brightspark87
    Brightspark87 Posts: 1,466 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker Debt-free and Proud!
    mubeye wrote: »
    I've never been, but always wondered is the motorway audible round Severn Beach way?

    depends where you are - some of the houses right near the 'beach' are noisy, not that much further back and you can hardly hear it...

    Paid off all Catalogues 10.10.2014
  • _CC_
    _CC_ Posts: 362 Forumite
    Wages in Bath must be high for people to consider a 1 bedroom flat at £300k inexpensive!
  • mubeye
    mubeye Posts: 120 Forumite
    Tenth Anniversary 100 Posts Combo Breaker
    _CC_ wrote: »
    Wages in Bath must be high for people to consider a 1 bedroom flat at £300k inexpensive!

    I don't think wages have a lot to do with house prices in these hotspots. Big deposits mostly I should think.
  • LEJC
    LEJC Posts: 9,618 Forumite
    So OP....have you viewed it and put in an offer?
    frugal October...£41.82 of £40 food shopping spend for the 2 of us!

    2017 toiletries challenge 179 out 145 in ...£18.64 spend
  • LEJC
    LEJC Posts: 9,618 Forumite
    Interesting to see that the property is now listed as SSTC...so presumably the flat was priced competitively.

    now we have to wonder is the OP going to be the new owner.....or is he still mulling over historical sale prices.
    frugal October...£41.82 of £40 food shopping spend for the 2 of us!

    2017 toiletries challenge 179 out 145 in ...£18.64 spend
  • iantojones40
    iantojones40 Posts: 287 Forumite
    There must either be some very optimistic mortgage valuation surveyors out there or plenty of cash buyers with zero negotiation skills.
  • mubeye wrote: »
    I know Bath well, yes.

    I have no need to be anywhere, for better or worse. (I work online) I'm looking for a UK base for the warmer months, and to diversify my investments a bit.

    Looking to spend 250-325, perhaps with a 40% deposit.

    I'm also considering (for various reasons)

    Brighton
    Clifton
    Woolacombe
    Rugby (cheap and 50 mins to euston)
    Clapton / Stokey
    Castlefield, Chorlton

    My smallish 1 bed flat in Brighton (with a garden) was just valued at over £300k - so brace yourself....
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