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

PasturesNew

Riverside floods: http://gwydir.demon.co.uk/floods/index.htm

That road has flooded every time the river got high. Back on the other side of Elizabeth Bridge, where Mayflower House is, that whole plot used to flood. My mum remembers ice skating on the frozen floods in winters in the 20s and 30s.

Stompa

PasturesNew wrote: »

Riverside floods: http://gwydir.demon.co.uk/floods/index.htm

Thanks for that link, I remember it well. I suspect the block in question would probably escape flooding at similar levels - still rather to close for comfort though!

PasturesNew

Marina Flats are quite popular:

Feb 2001: http://www.cambridge2000.com/cam_flood/0102/html/P2063169.html

Oct 2001: http://www.cambridge2000.com/cam_flood/0110/html/PA223925.html

Jan 2003: http://www.cambridge2000.com/cam_flood/0301/html/P1049750.htm

Eights Marina Prices: http://www.houseprices.co.uk/e.php?q=mariners+way+cambridge&n=100l
Eights Marina Gates: http://www.cambridge2000.com/cam_flood/0110/html/PA223924.html

carolt

PasturesNew wrote: »

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.

PasturesNew, you're usually on the ball! My post said 1 graduate on good salary of 20K plus or 2 on average salaries (ie 29K total) could afford 1 average house of 67K back then. Easily doable on 3 times multiple.

PasturesNew

carolt wrote: »

PasturesNew, you're usually on the ball! My post said 1 graduate on good salary of 20K plus or 2 on average salaries (ie 29K total) could afford 1 average house of 67K back then. Easily doable on 3 times multiple.

Oops. I must have been concentrating on eating pizza when I was skimming through!

carolt

PasturesNew wrote: »

Oops. I must have been concentrating on eating pizza when I was skimming through!

Much more important. Pizza first, houses second, that's my motto. Maybe why I don't own a house?

gingin_2

Nenen wrote: »

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:

Those flats are like giant goldfish bowls. You have a floor to double ceiling window about 2m back from the very popular public pathway and road. You can't help but have a good old nosey as you walk past. It's the only window in the room so you either keep the curtains open and let everyone gawp, or you close them and block out all natural light. They look so glossy and smart but living in them must be awful.

I know this road rather well and the vandalism to the cars is horrendous. We park a £600 car outside those flats every night, there is no point in owning anything smarter (haha they must love us) and we have had the wing mirror pulled off a number of times and it is keyed beyond belief. It happens to every single car. In fact, a couple of sundays ago we popped out for lunch and within 2 hours in broad daylight someones very flash BMW had had it's whole window smashed in. People still park Porsche's and Rangerovers along there night after night, it's just asking for it, but they have no choice because the new builds only offer one space.

LittleMissAspie

You're alright if you don't live on the ground floor. Just move your car elsewhere and get some wellies!

pickles110564

PasturesNew wrote: »

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

Must admit I dont mind having the bird on top.

pickles110564

carolt wrote: »

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!

How come none of you have bought your own houses and started BTL empires yet?