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

trudiha

It was the nearest place we could get to our college; we told everyone that we lived in Arbury, so they'd be impressed with just how down with the locals we were.

SouthCoast

But things are different on the South Coast.

History

dateevent1st May 2008

• Price changed: from '£249,950' to '£225,000'

11st Apr 2008

• Price changed: from '£275,000' to '£249,950'

20th Mar 2008

• Initial entry found.

PasturesNew

At the height of the last crash, these had an asking price of £70k. That was why I bought a caravan.

How come they're so "cheap" now? Not cheap, but 20 years on, seem to have only gone up 50%
http://www.rightmove.co.uk/viewdetails-20634206.rsp?pa_n=2&tr_t=buy

PasturesNew

trudiha wrote: »

It was the nearest place we could get to our college; we told everyone that we lived in Arbury, so they'd be impressed with just how down with the locals we were.

What a horrid snob you sound.
Most of my friends lived on Arbury. As for "rough estates", I'd always said that while Arbury was the 'worst' it was pretty much safe as houses at most times. (So long as you stayed away from just around The Ship pub).

I doubt there's one road in the whole of Arbury that I didn't have a friend living in. I had one friend who lived in the Hawkins Road flats, she kept a goat in there.

In fact, my uncle still lives in Arbury.

In fact ... come to think of it, Arbury was the centre of my life because of its location/size. It was just where everybody came from.

I was jealous of people who got a council place in Arbury even.

m00m00

there's drops absolutely everywhere
as more and more people will discover when the distributed property bee goes widespread

gingin_2

I'm still finding Cambridge very stubbourn. Anything with character within a 1km radius of the station is selling.

We looked at a house on Gwydir Street a few years ago priced at £525k. It sold before we had a chance to work out offers/finances. I like the Mill road area and if we can get a 4 bed house there I would be happy.

Was going to show a central Cambridge property that has been reduced from £550k to £395k but it has disappeared from rightmove in the last 24 hours. This is not unusual as it has been relisted about 4 times.

PasturesNew

This one INCREASED by £25k!
http://www.rightmove.co.uk/viewdetails-14921950.rsp?pa_n=2&tr_t=buy
£650k up to £675k

PasturesNew

In about 1977-1978 I had two friends that rented a 2up, 2 down in York Street. They were newly married.

I went round there once. Kitchen add on bit had a belfast sink and nothing more. There was a tin bath hanging on the wall.

The landlord offered them the house for £8,000. They said no.

PasturesNew

gingin wrote: »

We looked at a house on Gwydir Street a few years ago priced at £525k. It sold before we had a chance to work out offers/finances. I like the Mill road area and if we can get a 4 bed house there I would be happy.

House prices listed in Gwydir Street show that none have ever sold higher than £425k, so maybe it was bought by a company (BTL or development).

Houses in the roads off Mill Road have always been extortionate for what they look like. I could never work it out. They were tatty, 2-up, 2-down places mostly. Unmodernised back in my day too. Damp, mainly rented as bedsits. So I could never work out why the high prices (unless it was the fact they were being rented as bedsits that made them worth more). And Mill Road itself was always a rough area. All grime and takeaways. Houses in the side roads between Parkside and Mill Road bridge did tend to be larger/posher, but once over that bridge it was really quite odd. I could never see why they'd go for so much. I could certainly never afford one.

Looking at house prices in Gwydir street, the cheapest ever since 2000 was £113k http://www.houseprices.co.uk/e.php?f=pd&q=gwydir+street+cambridge&n=100
Back then it was 3x salary to get a mortgage. So even at my highest ever earnings in Cambridge (£17k in 1997) I'd have not been able to afford one.

clobber_2

I grew up in Cambridge and know the area between Coldham's Lane and Mill Road really well. Cambridge got it just as bad as everywhere else in the last crash, so I have no idea why people think it's so different. Unfortunately, even after massive drops last time, houses were still bloody expensive.

Most of my friends who have stayed in the area have moved outwards because of house prices. There may be some very well paid jobs in high tech industries, but there are also a lot of extremely badly paid jobs in the service sector. And the high-tech industries are no more immune to redundancies than anyone else.

Gwydir Street I have always thought was full of VERY well off right-on lefties. I used to do a paper round down there, they all got the Guardian...