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

clobber_2

PasturesNew wrote: »

Parkside used to be immensely posh. Those huge, imposing houses, many with those balconies. I used to dream about going inside one of those and seeing what it was like.

Me too!

I went to Parkside, and used to spend PE lessons fantasising about living in one of them.

An awful lot are actually HMOs.

Nenen

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.

If you think that's bad.... how about this one for £470,000 ? :eek::eek::eek::eek:
http://www.rightmove.co.uk/viewdetails-17974615.rsp?pa_n=1&tr_t=buy

Despite being on the market for almost half a million it even has the stairs going through the living room and the kitchen/diner! Mind you it has got ONE parking space (for a two-bed flat)! I guess you would be paying about 300K for the view of the River Cam.... pity the EA doesn't even show a pic of the river view! :rolleyes:

obsessed_saver

Thanks Nenen. I've often walked past those houses/flats, whatever you call them, and wondered how much it would take to buy one of them. I guess it's a distant dream for me.

clobber_2

Isn't that where the Sea Cadets' Hall used to be?

Outrageous!

Stompa

Nenen wrote: »

I guess you would be paying about 300K for the view of the River Cam.... pity the EA doesn't even show a pic of the river view! :rolleyes:

If it's the block I'm thinking of, they probably don't want to alert potential buyers to the fact that it's fairly close to an area that has been prone to flooding in the past!

simcla

PasturesNew wrote: »

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".

I don't ever want to get into a disagreement with you!

carolt

pickles110564 wrote: »

Is the only reason you go to UNI to have a good time out drinking in the cities as I see no valued reason other than that.
My point being is in 93 you could only get 14.5K as a grad yet us thickies with no qual in our industry were earning 40K plus.

Reread my post - I said STARTING salaries - not graduate salaries! :rotfl::rotfl::rotfl:

I think your average graduate earned somewhat more than 14K then too!

PasturesNew

clobber wrote: »

Isn't that where the Sea Cadets' Hall used to be?

Outrageous!

I remember the Sea Cadets' Hall. A friend of mine used to do PA/sound and he'd sometimes have gigs for bands booked in there. So 2-3 of us would roadie for him for the night for something to do.

PasturesNew

pickles110564 wrote: »

Is the only reason you go to UNI to have a good time out drinking in the cities as I see no valued reason other than that.
My point being is in 93 you could only get 14.5K as a grad yet us thickies with no qual in our industry were earning 40K plus.

Blimey. Didn't realise lying on your back paid so much!

PasturesNew

carolt wrote: »

I don't know the Cambridge market at all, but when I left Oxford in 93, lovely 2 up 2 downs in Jericho (very central), where I lived as a student, were about 67K. Average starting salary as a graduate, I happen to remember, was 14.5K, and good graduate starting salaries were 20K+. So a brand new graduate in a better-paid job, or a couple of average recent graduates, could very easily have bought one, without any effort involved.

Don't see why prices shouldn't fall to similar multiples of average graduate starting salaries - maybe 120K now? And Cambridge and Oxford can't be that different in price terms, or there'd be a bit of a brain drain....

In 1993 the lender's lending criteria would have required a deposit and probably only 3x annual salary though. So £67k from a £14.5k salary wasn't that achievable as it would be 4x salary.