It could only happen to me!

Ma77hew

Well it seemed to me they where posting in the HP section because their house hasn't gone up in 4 years and with prices decreasing they are now concerned that they will be affected in the same way as if they had bought 6 months ago at the peek. Which would be unlucky if the HPC is coming around largely due to HPI other the last few years.

House prices would appear to be coming down, but that's no reason for people on this forum to start harassing posters who are looking for support or advice. I thought thats what this site was all about.

Most of those who have responded to this thread have done so in the wrong way, and are to quick to flame genuine posters.

Incisor

Ma77hew wrote: »

Most of those who have responded to this thread have done so in the wrong way, and are to quick to flame genuine posters.

. Genuine poster == Agrees with you ?

PasturesNew

Ma77hew wrote: »

Most of those who have responded to this thread have done so in the wrong way, and are to quick to flame genuine posters.

In your opinion. At the moment, to me, there seems a lot of confusion about what the OP did mean to be honest. And I am still undecided.

Maybe you got the wrong meaning?
Maybe we all did?

Only time (and a returning OP) will tell.

wibble68_2

mircea wrote: »

Hi everyone
This might sound a bit negative however I have long accepted the truth that I am terribly unlucky in everything I do! That includes property:
4 years ago we bought the property next to this one http://www.rightmove.co.uk/viewdetails-17406562.rsp?pa_n=3&tr_t=buy - it was advertised at £139 k but we negotiated down the price to £134k. The house is a fantastic cottage with character, in a private and quiet area at the edge of the town - however it is only ten minutes walk from the train station and the supermarket. We have a nice garden and the house backs onto the meadows that go on for some ten miles. Four years later, after the average house has gained some 30% in value, our house seems to be more or less worth exactly as much as we paid for it!!! if we judge by the next door which is for sale. This must be some record!

I've just done a search on rightmove for houses below 140k and within 10 miles of my area (Abingdon, Oxfordshire)

It returned 7 properties.

4 Shared Ownership
1 Mobile Home
2 Flats (Due to incorrect description)

And believe me, some of these properties are situated in areas where I would hire a personal body guard if I wanted to go out at night.

I think you're very lucky indeed to live in a nice area where houses are affordable.

John_Pierpoint

2001-10-05 Flat 8, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£48,000
2001-05-10 Flat 6, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£52,500
2001-09-27 Flat 10, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£56,000
2002-09-27 Flat 9, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£63,000
2002-06-21 Flat 7, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£64,995
2001-07-12 11 Middleton Road, Sudbury, Suffolk, CO10 2DB
£65,000
2002-05-24 Flat 4, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£66,000
2001-12-19 Flat 1, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£69,500
2003-05-30 Flat 9, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£72,500
2001-08-14 39 Middleton Road, Sudbury, Suffolk, CO10 2DB
£72,950
2002-10-01 Flat 10, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£75,000
2001-09-14 76 Middleton Road, Sudbury, Suffolk, CO10 7NT
£76,000
2003-09-01 Flat 3, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£76,000
2002-02-22 27 Weavers Cottage, Middleton Road, Sudbury, Suffolk, CO10 2DB
£76,000
2003-09-26 Flat 8, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£79,000
2004-03-05 Flat 4, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£84,500
2004-03-23 Flat 1, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£87,000
2003-06-27 35 Middleton Road, Sudbury, Suffolk, CO10 2DB
£88,501
2004-03-26 Flat 3, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£89,500
2003-07-31 Flat 10, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£90,000
2002-11-01 31 Middleton Road, Sudbury, Suffolk, CO10 2DB
£90,000
2006-07-28 Flat 9, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£95,000
2003-07-31 33 Middleton Road, Sudbury, Suffolk, CO10 2DB
£100,000
2006-03-31 Flat 6, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£105,000
2006-09-14 Flat 10, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£109,600
2003-08-08 26 Middleton Road, Sudbury, Suffolk, CO10 7NT
£115,000
2006-01-04 6 Middleton Road, Sudbury, Suffolk, CO10 2DB
£125,000
2006-05-22 Flat 2, Ballingdon Grove, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£126,000
2003-04-17 62 Middleton Road, Sudbury, Suffolk, CO10 7NT
£126,500
2005-12-16 19 Middleton Road, Sudbury, Suffolk, CO10 2DB
£127,500
2004-06-10 48 Middleton Road, Sudbury, Suffolk, CO10 7NT
£129,950
2006-01-11 15 Middleton Road, Sudbury, Suffolk, CO10 2DB
£132,500
2004-12-03 27 Weavers Cottage, Middleton Road, Sudbury, Suffolk, CO10 2DB
£134,000
2007-02-16 31 Middleton Road, Sudbury, Suffolk, CO10 2DB
£142,000
2004-08-12 4 Middleton Road, Sudbury, Suffolk, CO10 2DB
£149,500
2006-06-02 68 Middleton Road, Sudbury, Suffolk, CO10 7NT
£154,000
2006-08-04 34 Middleton Road, Sudbury, Suffolk, CO10 7NT
£155,000
2007-02-26 24 Middleton Road, Sudbury, Suffolk, CO10 7NT
£159,995
2006-08-11 36 Middleton Road, Sudbury, Suffolk, CO10 7NT
£165,950
2005-12-19 14 Middleton Road, Sudbury, Suffolk, CO10 2DB
£245,000
2007-05-22 Grove Gables, Middleton Road, Sudbury, Suffolk, CO10 7LJ
£419,995

Someone appears to have made a nice "turn" on Weavers Cottage?

mircea

Ma77hew wrote: »

Well it seemed to me they where posting in the HP section because their house hasn't gone up in 4 years and with prices decreasing they are now concerned that they will be affected in the same way as if they had bought 6 months ago at the peek. Which would be unlucky if the HPC is coming around largely due to HPI other the last few years.

House prices would appear to be coming down, but that's no reason for people on this forum to start harassing posters who are looking for support or advice. I thought thats what this site was all about.

Most of those who have responded to this thread have done so in the wrong way, and are to quick to flame genuine posters.

Thank you - one of the few people who replied to my posting sensibly and perceived correctly what the main idea of my posting was: HPC is here due to HPI, however we had no HPI which feels a bit unlucky.

I remember when replies to posts on this forum were well mannered, sensible and dealing with the initial posting. Unfortunately it seems this forum is now the home of the bitter and twisted. Shame.

John_Pierpoint

The only problem seems to be that the original poster probably has debts greater than assets.
However there is a very decent income coming in to this modest 2 up 2 down, so though the rates will go up there should be no reason for foreclosure. Just a bit of belt tightening required.
Is there a risk of the income being lost?
Is there a need to re-locate?

Is the need for more space ?
How big are the rooms? 12' x 12' in old money?
What is the pitch of the roof? 30 degrees or 45.
There is room to put something in the roof? or extend out the back?
Probably scope for putting a nice log cabin type "garden room" in the back garden, though there are regulations about keeping a meter (I think) away form the boundary.

carolt

I remember being in Suffolk circa 1995 and seeing the most gorgeous period whitewashed 3 bed cottage for sale for 50K, which at the time I could (nearly) have bought outright. It was so cute I even contemplated buying it, although I had (and have never had since either) absolutely no interest in moving to deepest Suffolk, lovely though it is.

What goes up, in housing terms, will (probably) come down again.

If you're really worried about the price, sell now.

If not, enjoy it - your home is your home, not a cash machine/status symbol (delete as appropriate).

Reds-on-Sea

I didn't see in the OP, any mention of having/putting their house up for sale. By all accounts (disregarding the value) they seem very enamoured with their house. I say stay put, enjoy your house for what it is - a home, as opposed to a money making machine. If you're not selling, or don't plan to sell soon, then why are you worried about the price? I bought a house yesterday - i realise that there is a VERY high likelyhood of it's price going down in the forseeable future. I won't love the house any less or get depressed about it. If next door sell theirs at a profit or loss, well good for them, it's not a competition. You have paid a VERY reasonable price for a house that you like. I consider that pretty lucky. I've just bought my first house for £202k. BUT, i love my house and will be very happy there for a long time. I don't just throw caution to the wind. I just have a positive mindset. I feel lucky that I've found a house I love and so should you. If you managed to sell at £134K now, then you've just lived in a house you love for 4 years for very little money......

PasturesNew

John_Pierpoint wrote: »

2002-02-22 27 Weavers Cottage, Middleton Road, Sudbury, Suffolk, CO10 2DB £76,000

2004-12-03 27 Weavers Cottage, Middleton Road, Sudbury, Suffolk, CO10 2DB £134,000

Someone appears to have made a nice "turn" on Weavers Cottage?

That's the one I guessed it would be too.