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

Lotus-eater

Nenen wrote: »

Simon Gardner, managing director of Tucker Gardner, said: "Its not all doom and gloom. People are watching to see if they can pick up a bargain and now is a good time to hunt around."

How can there be bargains around when the market is still buoyant, with properties making over their asking price??

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

Having a nosey on nethouseprices today....the above were selling for £450k in 2007 so probably will have already made slight falls. I think they were originally sold for around the £410k mark when they were built in 2006

and then these in the same area...

http://www.rightmove.co.uk/viewdetails-18444212.rsp?pa_n=9&tr_t=buy

Last one sold (identical layout) went for £470k in oct 2007....ouch. They were selling for around the £370-£400k mark new, at the beginning of 2004.

grebbo

I don't know why anyone would buy those new build river flats. You're paying a huge premium for the 'river view' but you're set back from the river with a road in between.

Would much rather something in this part of town http://www.rightmove.co.uk/viewdetails-17762968.rsp?pa_n=3&tr_t=buy . Those new build prices make this look cheap!

You'd gut it and have a great pad in a nicer part of town and genuine river views...no outside space though.

Stompa

grebbo wrote: »

You'd gut it and have a great pad in a nicer part of town and genuine river views...no outside space though.

Large numbers of punting tourists passing by in the summer though.

m00m00

gingin wrote: »

Having a nosey on nethouseprices today....the above were selling for £450k in 2007 so probably will have already made slight falls. I think they were originally sold for around the £410k mark when they were built in 2006

and then these in the same area...

http://www.rightmove.co.uk/viewdetails-18444212.rsp?pa_n=9&tr_t=buy

Last one sold (identical layout) went for £470k in oct 2007....ouch. They were selling for around the £370-£400k mark new, at the beginning of 2004.

already a slight fall you say

7th Apr 2008Price changed: from '£450,000' to '£439,950'

that very house in your link

Stompa

gingin wrote: »

and then these in the same area...

http://www.rightmove.co.uk/viewdetails-18444212.rsp?pa_n=9&tr_t=buy

I wouldn't touch those with a bargepole. I've certainly seen the (only?) access road into those flooded in the past.

grebbo

Stompa wrote: »

Large numbers of punting tourists passing by in the summer though.

I don't really see that as a bad thing. Those flats on the river in Quayside rarely come on to the market. Hopefully all the newly built flats in Cambridge will bring their prices down...here's hoping as I quite fancy one.

Stompa

grebbo wrote: »

I don't really see that as a bad thing.

I think I would. You've also got that Pub (I think it used to be the Rat & Parrot but called something else now?) in Thompsons Lane, and Henrys pretty nearby meaning it could get fairly noisy (particularly at weekends).

grebbo

grebbo wrote: »

I don't know why anyone would buy those new build river flats. You're paying a huge premium for the 'river view' but you're set back from the river with a road in between.

Would much rather something in this part of town http://www.rightmove.co.uk/viewdetails-17762968.rsp?pa_n=3&tr_t=buy . Those new build prices make this look cheap!

You'd gut it and have a great pad in a nicer part of town and genuine river views...no outside space though.

hmmm I was thinking about putting in an offer on the above. Spoke to the agent and was told there's been some negotiating on the property (so I naturally think people are negotiating the price down) in fact there's three offers for £460k and rising!

PasturesNew

grebbo wrote: »

hmmm I was thinking about putting in an offer on the above. Spoke to the agent and was told there's been some negotiating on the property (so I naturally think people are negotiating the price down) in fact there's three offers for £460k and rising!

Buy one in 3 years' time, cheaper.