I do NOT believe it... £50,000 drop in Cambridge!

Nenen

For all those Cambridge Victor Meldrews who said 'It will never happen here'....
http://www.rightmove.co.uk/viewdetails-10241466.rsp?pa_n=1&tr_t=buy

Admittedly it is a new build flat... the first to suffer in a HPC but it is in a very desirable location and a drop of more than 12% (from £395,000 on 17th May to £345,000 today for those who haven't got Property Bee) is very good news for this area... IMHO of course!

Then there's this 3 bed semi which has just dropped £30,000
http://www.rightmove.co.uk/viewdetails-20938589.rsp?pa_n=2&tr_t=buy

:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T

Of course some vendors still think knocking £5,000 off will do the trick!:rolleyes:
http://www.rightmove.co.uk/viewdetails-20887271.rsp?pa_n=5&tr_t=buy

PasturesNew

Cambridge drops. Official figures show that even.
Whoever thinks Cambridge is so special needs to take those pink glasses off.

There's nothing special about it. Never was. Never will be.

I remember in the last crash; about 1987/88 I was viewing a house on Newmarket Road with a friend. It was 6' wide and on at £70k. Dinky place it was. Just a few weeks later the one it was next to (terraced) was up for sale at the same asking price. The one it was next to was about twice as wide and certainly 2-3x the size overall.

I don't have many anecdotes of Cambridge in the last crash because I was born there, a local. And most locals never lived IN Cambridge; we were all in the villages for 20 miles around it (due to house prices). But I do distinctly remember that house and price.

PasturesNew

Nenen wrote: »

Of course some vendors still think knocking £5,000 off will do the trick!:rolleyes:
http://www.rightmove.co.uk/viewdetails-20887271.rsp?pa_n=5&tr_t=buy

That one's dropped £15k. From £299995 down to £285000

I lived there/went to school there.

Nenen

PasturesNew wrote: »

That one's dropped £15k. From £299995 down to £285000
I lived there/went to school there.

:o:o:o:o Please don't tell anyone I teach maths! :shhh::shhh::doh::doh::doh::doh:

obsessed_saver

13 May - £245k to £235k
21 May - £235k to £227.5k
1 June - £227.5k to £215k

http://www.rightmove.co.uk/viewdetails-21079760.rsp?pa_n=7&tr_t=buy

Still over priced for a 2 bedroom semi. Wrong side of the railway lines.

I'm just waiting for all those new build flats near the railway station to come crashing down. All those 1 bedroom flats that were going for £220k+. Who the hell could have afforded those prices, and still only need a tiny 1 bedroom place, I don't know.

Eg:
http://www.rightmove.co.uk/viewdetails-10136892.rsp?pa_n=10&tr_t=buy

and for the same price, you get a 2 bedroom place right near the Grafton Centre.

http://www.rightmove.co.uk/viewdetails-17448934.rsp?pa_n=10&tr_t=buy

Found a bigger drop, £1.1mil to £995k:
http://www.rightmove.co.uk/viewdetails-10263489.rsp?pa_n=12&tr_t=buy

Bargain.

carolt

Nenen wrote: »

For all those Cambridge Victor Meldrews who said 'It will never happen here'....
http://www.rightmove.co.uk/viewdetails-10241466.rsp?pa_n=1&tr_t=buy

Admittedly it is a new build flat... the first to suffer in a HPC but it is in a very desirable location and a drop of more than 12% (from £395,000 on 17th May to £345,000 today for those who haven't got Property Bee) is very good news for this area... IMHO of course!

Then there's this 3 bed semi which has just dropped £30,000
http://www.rightmove.co.uk/viewdetails-20938589.rsp?pa_n=2&tr_t=buy

:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T:T

Of course some vendors still think knocking £5,000 off will do the trick!:rolleyes:
http://www.rightmove.co.uk/viewdetails-20887271.rsp?pa_n=5&tr_t=buy

Am I the only one to think 345K for a 2 bed flat in a provincial city is outrageous?

Surely drops of 50% are on the cards. Local salaries are good - but not that good.

PasturesNew

obsessed_saver wrote: »

13 May - £245k to £235k
21 May - £235k to £227.5k
1 June - £227.5k to £215k

http://www.rightmove.co.uk/viewdetails-21079760.rsp?pa_n=7&tr_t=buy

Still over priced for a 2 bedroom semi. Wrong side of the railway lines.

More than the wrong side of the railway lines. Back in my day we'd say "If you drive down Ross Street make sure you're doing 40mph, any slower and they'll nick the wheels off the moving car!"

And I had a run in down there one night with a couple of residents. Coming from the Coldhams Lane end, 50-100 yards down on the left. A HUGE scrap metal dealer and his short one-eyed mate. A shotgun was involved. He called it; I turned up ... bit of a fracas (what a tit having a gun against a girl). Police came. He was arrested/jailed. I smelt sweeter than a bag of fruit drops.

I must have sounded so naive: "He called me a name, over the CB radio, so I went down there to say "you can't call me names" ... and he was a bit of a nasty man your honour".

PasturesNew

carolt wrote: »

Am I the only one to think 345K for a 2 bed flat in a provincial city is outrageous?

Surely drops of 50% are on the cards. Local salaries are good - but not that good.

Cambridge has always been very expensive.
I grew up with a "them and us" perspective.
There was town: nobody lived there unless they were in a council house or really well off
There were the villages: that's where the people lived.

Nobody I knew lived IN Cambridge. Unless there was an unusual reason. eg my great aunt lived in Gwydir Street, but she'd "married well", 3 times. And they'd all died/left her the money. But even so that's not up to those £300k price levels!

zebulon

carolt wrote: »

Am I the only one to think 345K for a 2 bed flat in a provincial city is outrageous?

No.
You're not :hello:

trudiha

PasturesNew wrote: »

.
Nobody I knew lived IN Cambridge. Unless there was an unusual reason. eg my great aunt lived in Gwydir Street, but she'd "married well", 3 times. And they'd all died/left her the money. But even so that's not up to those £300k price levels!

I moved from Harvey Goodwin Ave to Gwydir St during the late 1990s, at that time it was seen as a little bit arty and a little bit edgy, well edgy for Cambridge.

PasturesNew

trudiha wrote: »

I moved from Harvey Goodwin Ave to Gwydir St during the late 1990s, at that time it was seen as a little bit arty and a little bit edgy, well edgy for Cambridge.

Harvey Goodwin Avenue was posh. I knew somebody who lived there, I think I went to school with her.

I went to her house once.