Housing market

It's a buyers market where we are. We bought ours two years ago for 20k below what it's worth now. Our next door neighbour bought hers for 15k more than it's worth now. Thinking of shifting while it's low to take in that 20k and upgrade to something bigger.
 
SwingsitlikeHogan said:
Have quite fancied the idea of Lancaster in the past - it's location between North and South of the UK (yes lot's of folk will think Lancaster is up north, but of course it's not - yet)

I'd have thought the huge expansion of the Uni would have brought lots of buy-to-letters in. But there does also seem to be a huge development of 'on campus' halls that you can see from the M6 - so maybe not so much impact on town as you might expect.
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The council is approving Uni accomodation in town without so much as a second question asked meaning that buy to let is actually struggling. A major student lets company has just been declared bankrupt.

I do love Lancaster. Really good connectivity both by road and rail. On the whole decent people and some very affordable houses in nice areas. I live on the "other side" of the river and our 3 bed semi with good sized garden was less than £150k. Traffic is a nightmare but there's a major bypass being built meaning we get a second Lune crossing which will make a big difference.

Golf-wise, Lancaster is a very good club, but quite pricey. Morecambe is a good club but a lot of people criticise the lack of a par 5 hole. Heysham is a nice club too I believe, and they've just been awarded lottery funding to make it accessible. Then there's Lansil (9 holes) which isn't great and Ashton Golf Centre (9 hole pay and play) where I play most regularly. Really good facilities for a pay and play in my opinion.
Further afield there's Silverdale, and of course Preston and then the northern end of the golf coast. And if you want views there's Windermere less than an hour away.
 
Rooter said:
So a brief snapshot says the south is really struggling with supply and the north is fairly stagnant..
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I think that is a fair quote. Some pockets of growth but otherwise generally flat. I saw an amazing piece on Oxford yesterday which showed how tough things are in that city if you want to buy. Nothing like that up here. Great whilst you want to live here, less of a pension pot if you want to sell and downsize. Personally I would rather have our situation than the madness of the south but I can see the benefits if you are on the ladder.
 
Rooter said:
Can i ask if you paid the asking price? dont care about the actual pound number!
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Yes we knew we wouldn't get it if we offered less (it was a good price anyway). The sellers did try to get another interested party to pay more but they wouldn't thankfully.

With reference to the above post, I'm in the midlands.
 
It's always been OK where am I, even in the roughish years a few years back. Now it's a bit more buoyant with several houses going quickly for more money than they were 12 months ago.
 
Market is very buoyant in MK but people are in the main price sensitive. Anything well priced sells in hours or days, anything overpriced can sit on the market if vendors arent prepared to be realistic. Supply is better than most places I expect as relatively high numbers of new build coming to market (and that will increase more next year) but demand is still as high if not higher (mainly through local job creation and it being used as a place to commute to London from)

Rental mkt is even worse, huge lack of supply means anything half decent lets at asking price within 48 hours with people queueing up to view and rent (quite a few are even offering to rent places without seeing them first!)
 
Doon frae Troon said:
Have you thought of Penrith ?
My Mrs and I agree that it would be the only town we would ever consider in England.
If it were not for our family we would be off to Mull or Bute in two shakes.

Isn't Blairgowerie full of Eastern European berry pickers.:o
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Yes - we've thought of Penrith but we popped in one evening for something to eat on the way up to Glasgow and for some reason my wife didn't take to it. Don;t know why - I thought the 'square' in the town centre was really nice. Bit small I think was her concern and too far from a John Lewis (she was only half joking)
 
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Next door have just renegotiated after their initial two year fixed term on their new house ended. Apparently our house prices are up by approximately 28-33% in two years according to the Nationwide and several estate agents
 
Just waiting to exchange contracts, we're going from a 3 bed semi to a much bigger 4 bed detached, in a town just east of Cambridge.

Had around a dozen viewings in a fortnight, ended up with two interested parties and accepted just below the very inflated asking price.

That was 6 weeks ago, searches are taking that long due to the volume of sales in the area at the moment.

Cambridge market and prices are absolutely bonkers, so the towns within commuting reach of Cambridge are reaping the benefit
 
jdpjamesp said:
The council is approving Uni accomodation in town without so much as a second question asked meaning that buy to let is actually struggling. A major student lets company has just been declared bankrupt.

I do love Lancaster. Really good connectivity both by road and rail. On the whole decent people and some very affordable houses in nice areas. I live on the "other side" of the river and our 3 bed semi with good sized garden was less than £150k. Traffic is a nightmare but there's a major bypass being built meaning we get a second Lune crossing which will make a big difference.

Golf-wise, Lancaster is a very good club, but quite pricey. Morecambe is a good club but a lot of people criticise the lack of a par 5 hole. Heysham is a nice club too I believe, and they've just been awarded lottery funding to make it accessible. Then there's Lansil (9 holes) which isn't great and Ashton Golf Centre (9 hole pay and play) where I play most regularly. Really good facilities for a pay and play in my opinion.
Further afield there's Silverdale, and of course Preston and then the northern end of the golf coast. And if you want views there's Windermere less than an hour away.
Click to expand...

Many thanks for the guidance - useful to tuck away for future reference
 
Scottish Borders is utterly stagnant. Prices are dropping and no one moving in, other than the occasional retiree from the South.
 
I sold my old house within 3 hours of it going on the market in 2013 at full asking price then had my first offer accepted on the "new" place the next day. in 2 years my house value has gone up by £80Kish so I wouldn't be able to afford to live where I do if I wanted to move now and with Crossrail going into Abbey Wood the prices are only going to go up
 
lex! said:
Scottish Borders is utterly stagnant. Prices are dropping and no one moving in, other than the occasional retiree from the South.
Click to expand...

Won't the new Borders Railway stimulate the market in places such as Galashiels? And given access to Edinbuergh me and my Mrs might soon be one of the retirees (or more likely not to long to be retiree)
 
A friend that sold his house earlier this year had a figure of 375 in mind...
Estate agent said 400 and having an open day was the way to go...
Friend got 440... Madness...

Can't actually see an end to it here in outer suburbia...
 
SwingsitlikeHogan said:
Won't the new Borders Railway stimulate the market in places such as Galashiels? And given access to Edinbuergh me and my Mrs might soon be one of the retirees (or more likely not to long to be retiree)
Click to expand...

Sure hope so! Mind you, ever been to Gala?! I know a of lovely bungalow in Hawick that's for sale, by the way, would suit you down to the ground.
 
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