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Debate House Prices
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50% off is so last week
m00m00
Posts: 1,755 Forumite
http://www.rightmove.co.uk/viewdetails-21695747.rsp?pa_n=4&tr_t=buy
ok, it's an auction guide price, but properties in this block have been struggling to hit 60k at auction and failing to sell.
21 Nov 2005 12 Apartment Brook Court, Player Street, Nottingham, City Of Nottingham NG7 5PP Flat (New build) Leasehold £125,000
interestingly, despite there being an absolute forest of 'for sale/to let' signs outside this block. No non distressed sales have taken place since march 07.
ok, it's an auction guide price, but properties in this block have been struggling to hit 60k at auction and failing to sell.
21 Nov 2005 12 Apartment Brook Court, Player Street, Nottingham, City Of Nottingham NG7 5PP Flat (New build) Leasehold £125,000
interestingly, despite there being an absolute forest of 'for sale/to let' signs outside this block. No non distressed sales have taken place since march 07.
It's a health benefit ...
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That area was dog rough when I lived in Nottingham, can't imagine it's much better now.
Several similarly dire flats not selling where I am too.0 -
hmm the area,
let's just say it would suit fans of The Wire.
but this is indicative of the new build problem in general
shiny new builds in grotty horrible areas. Bought by out of town buy to letters who do not know the area, and then wonder why they can't get premium rents from the locals who do know the area.It's a health benefit ...0 -
yep, the sh!tters arent selling at all. That must be one god-aweful area...0
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We are not being beastly to Radford again are we?:D
http://forums.moneysavingexpert.com/showthread.html?p=6947579&highlight=Radford#post69475790 -
notice 6 months ago an apartment in the same block had a guide/reserve price of 70k
and now they are down to 50k.
even Dante is having trouble offloading his BTL's in this blockIt's a health benefit ...0 -
Funny if you follow the links to the map from RightMove, the aerial view is just a patch of cleared ground. And so it will be once again
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and the circle of BTL hell is complete
Lot 233: Unsold £48,000
failed to sell in auction today
It's a health benefit ...0 -
I had a look at the BM auction today. IMHO the prices being offered (which were significantly less than the guide prices in most cases) for houses were around the level where BTL could be viable. However all bets are off on the new build flats.In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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