just exchanged

[N8]

Nah, just like to know what the score is...mates a successful neg/manager so he keeps me informed

I know the sort....woman in apartment below mine has had it on with three different agents in last year, all silly prices and hasn't sold it...she won't budge on the silly price she's asking

 

[Barbie]

Fronty what estate agents do you work for??

 

[Drew]

Good thinking and if a move up north is on the cards, you'll get mucho more for your £££

I wish that was still the case but the gap between north/south house prices is falling all the time.

I was reading our property guide this weekend which said south yorkshire's property prices are still on a steady increase, which is good news for us but what happens when we want to move up the ladder again?

Our master plan is to buy a nice big old victorian house in Ecclesall, Fulwood or Ranmoor suburbs but unless you've got £750k+ it just aint happening

I don't think investing in property in the uk is very beneficial at the moment, but i'm starting to look again at buying some property abroad for some extra short & long term investment. There's a few up and coming places in Europe at the moment that look very interesting, one place in particular where i know people that could oversee the rentals.

 

[Barbie]

I wish that was still the case but the gap between north/south house prices is falling all the time.

It definitely isn't as prenounced (sp??) as it was say 5 years ago, my mum and dad always tell me how much properties have gone up in there area over the last couple of years and the rise is unbelievable. There will always be a gap tho just cos of where most businesses etc are (ie London) and the demand there is in these areas. After the last Budget I read in the Metro that it was less than 5% of properties that are exempt from stamp duty in London now, not that much of a problem if you're already on property ladder but it's making it even more difficult for first time buyers in London to get on it when they need an extra £xxxx to cover stamp duty costs on top of everything else

 

[Leese]

kind of in the border, Welling, nr Bexleyheath.

I know exactly what you mean, it's a good feeling, ie got my own house, but scarey too, ie can i afford this??

Paul used to run a gym in Welling, one of my friends has just bought a lovely little place there too. Congrats, at least you've got yourself on the property ladder, and like Drew said its better than paying rent 8)

 

[Leese]

After two months of DIY, cleaning, painting, preening etc my place is soon for sale I'm quite lucky that the identical apartment on the bottom and middle floors of my building are also now for sale (at stupidly high prices) so i'm gonna come in with a much better apartment with great views that they haven't got and undercut them both 8)

Nice one Nath, good luck

 

[Leese]

naff all

we aint got any furniture yet

arh, the joys of no furniture. We left all ours at our old house for the tenants, and started fresh, it was horrible, the only thing we had for at least 10-12 weeks was a bed, I was sitting watching a plasma tv, on a £3 garden chair from Tescos It was especially horrible when we got back from Ibiza, and had to flake out on said garden chairs :x

 

[Drew]

I wish that was still the case but the gap between north/south house prices is falling all the time.

It definitely isn't as prenounced (sp??) as it was say 5 years ago, my mum and dad always tell me how much properties have gone up in there area over the last couple of years and the rise is unbelievable. There will always be a gap tho just cos of where most businesses etc are (ie London) and the demand there is in these areas. After the last Budget I read in the Metro that it was less than 5% of properties that are exempt from stamp duty in London now, not that much of a problem if you're already on property ladder but it's making it even more difficult for first time buyers in London to get on it when they need an extra £xxxx to cover stamp duty costs on top of everything else

I pity anyone trying to get on the property ladder now. A young couple on average salaries can't really afford anything other than a small terrace. Most of them requiring 100% mortgages now which was unheard of when we 'got on the ladder'.

One of the major housing developers have started a scheme in Sheffield building some very cool one bedroom apartments for under £100,000 in the city centre. OK, they're only 30/40 or so square metres in size but ideal for a young couple starting out.

Mortgages seem frightening when first starting out but soon as you've paid a few months you just don't notice it. When we bought our place last year our mortgage increased 3 fold (even though we only had to borrow 50% of the cost) and thought we'd really have to tighten our purse strings but haven't noticed the extra expenditure at all. OK, we go out less but don't feel the need to go out so much as we're much more content where we live now and therefore enjoy staying in just as much.

Sorry i'm waffling

 

[Barbie]

arh, the joys of no furniture. We left all ours at our old house for the tenants, and started fresh, it was horrible, the only thing we had for at least 10-12 weeks was a bed, I was sitting watching a plasma tv, on a £3 garden chair from Tescos It was especially horrible when we got back from Ibiza, and had to flake out on said garden chairs :x

When I bought my first house I didn't realise that a lot of sofas you had to order from the shop and then they made them for you and delivered them x weeks later I toddled into the shop, picked out the one I wanted and thought they'd deliver it that day, instead I had to wait 3 months and like you had to sit on deck chairs for all that time

 

[Leese]

When I bought my first house I didn't realise that a lot of sofas you had to order from the shop and then they made them for you and delivered them x weeks later I toddled into the shop, picked out the one I wanted and thought they'd deliver it that day, instead I had to wait 3 months and like you had to sit on deck chairs for all that time

pmsl

We knew we'd have to wait quite a few weeks, but it was Paul being so fussy on the sofa he wanted, we knew we wanted a dark brown leather one, but his requirements, were, it had to be high in the back, long enough on the seat so that there was no gap between his knees and the end of the seat bit, the arms had to be just right, crikey and in the end we went for the one that I said we should get the first time we started looking

 

[silvia]

arh, the joys of no furniture. We left all ours at our old house for the tenants, and started fresh, it was horrible, the only thing we had for at least 10-12 weeks was a bed, I was sitting watching a plasma tv, on a £3 garden chair from Tescos It was especially horrible when we got back from Ibiza, and had to flake out on said garden chairs :x

Our first flat was a one bedroom apartment, so we only had bed, 3 chairs, a sofa and some shelves. Our actual flat has three bedrooms and the lounge is big as the whole apartment, so when we moved we only had three sad furnitures and a cat

 

[Barbie]

I pity anyone trying to get on the property ladder now. A young couple on average salaries can't really afford anything other than a small terrace. Most of them requiring 100% mortgages now which was unheard of when we 'got on the ladder'.

One of the major housing developers have started a scheme in Sheffield building some very cool one bedroom apartments for under £100,000 in the city centre. OK, they're only 30/40 or so square metres in size but ideal for a young couple starting out.

Mortgages seem frightening when first starting out but soon as you've paid a few months you just don't notice it. When we bought our place last year our mortgage increased 3 fold (even though we only had to borrow 50% of the cost) and thought we'd really have to tighten our purse strings but haven't noticed the extra expenditure at all. OK, we go out less but don't feel the need to go out so much as we're much more content where we live now and therefore enjoy staying in just as much.

Sorry i'm waffling

Hehe, don't worry, going out with an estate agent for 6 years I'm used to property talk

I know it sounds all grown-up but I agree that the most sensible thing you can do is try and get on the property ladder as soon as you can, esp for rent in London, it's going to be pretty comparable to a mortgage payment. I know that if I hadn't bought young and Tom hadn't bought young and made on all our old properties we'd never be able to live where we do now and the longer you leave it the more difficult it is to make the break from renting and buy.

Right enough serious talk, where's the n______c_______

 

[Drew]

and the longer you leave it the more difficult it is to make the break from renting and buy.

Couldn't agree more, i can't believe our endowment is due to mature in only about 11/12 years time.

I know endowments are shit, but we reduced the endowment element of the new mortgage and loaded up the repayment so we don't need to rely on it making what it originally intended. Therefore it'll be a nice little bonus when it matures or could even put it into property again.

Our 2 year fixed term expires in September but my financial advisor has found a brilliant lender who's going to do us a stupidly low 5 year fixed term.

 

[Barbie]

Our 2 year fixed term expires in September but my financial advisor has found a brilliant lender who's going to do us a stupidly low 5 year fixed term.

I don't get involved wth changing lenders, that's Tom's job

 

[jjinit]

I wish that was still the case but the gap between north/south house prices is falling all the time

yes & no

I have just paid £185k for a 3 bed victorian terrace, nice red & yellow bricks, big bay window, all original features, no work needed (think front cover of "definately maybe" and your there).

No to buy this in certain areas of manchester it would be approx half tghe price...however, if it was in somewhere like Didsbury (Cold Feet Territory) it would prob cost the same??

So the North/South divide is there to an extent, but there are exceptions. But i think thats what Drew & N8 are saying anyway??

 

[Buckley]

I wish that was still the case but the gap between north/south house prices is falling all the time

yes & no

I have just paid £185k for a 3 bed victorian terrace, nice red & yellow bricks, big bay window, all original features, no work needed (think front cover of "definately maybe" and your there).

No to buy this in certain areas of manchester it would be approx half tghe price...however, if it was in somewhere like Didsbury (Cold Feet Territory) it would prob cost the same??

So the North/South divide is there to an extent, but there are exceptions. But i think thats what Drew & N8 are saying anyway??

What's Welling like JJ? Is it comparable to Didsbury?

 

[Drew]

I wish that was still the case but the gap between north/south house prices is falling all the time

yes & no

I have just paid £185k for a 3 bed victorian terrace, nice red & yellow bricks, big bay window, all original features, no work needed (think front cover of "definately maybe" and your there).

That sounds very cheap, what's the area like?

One of my friends owns the most amazing victorian semi, very nice road etc but in a not so good area and his neighbour has just sold for £350k.

A few weeks ago we went to look at a prestigious apartment in a highly affluent area (just out of interest) and it was priced at almost double ours and nothing like as good.

Mad innit?

 

[jjinit]

I wish that was still the case but the gap between north/south house prices is falling all the time

yes & no

I have just paid £185k for a 3 bed victorian terrace, nice red & yellow bricks, big bay window, all original features, no work needed (think front cover of "definately maybe" and your there).

No to buy this in certain areas of manchester it would be approx half tghe price...however, if it was in somewhere like Didsbury (Cold Feet Territory) it would prob cost the same??

So the North/South divide is there to an extent, but there are exceptions. But i think thats what Drew & N8 are saying anyway??

What's Welling like JJ? Is it comparable to Didsbury?

Not really mate, there's a few roads with nice period properties renovated by young professionals but thats as far as it goes Im afraid, Welling is probably more like Chorlton...good parts & not so good, go a mile up the road into Bexley Heath and it's a different story, very disdbury, not only in demographics but style/age of properties and local amenities, I supopose you could say that both Welling & Chorlton are similar as they are part of the phenomenon of people choosing a lesser area due to it's proximity to a more desirable area, thus making it desirable in it;s own right??

does that make sense??

bit like Chewie standing next to me & you on a night out, if he stand there long enough, people will think he's with us??

 

[Buckley]

bit like Chewie standing next to me & you on a night out, if he stand there long enough, people will think he's with us??

I would had you and Chewie down as Kilburn and Cricklewood, with me being Hampstead but, as demonstrated by my analogy, I understand what you're saying.

 

[Buckley]

Not really mate, there's a few roads with nice period properties renovated by young professionals but thats as far as it goes Im afraid, Welling is probably more like Chorlton...good parts & not so good, go a mile up the road into Bexley Heath and it's a different story, very disdbury, not only in demographics but style/age of properties and local amenities, I supopose you could say that both Welling & Chorlton are similar as they are part of the phenomenon of people choosing a lesser area due to it's proximity to a more desirable area, thus making it desirable in it;s own right??

One of thing's I love about Manchester is that until you get out into some parts of Cheshire, there's nowhere without a certain element of scum. Chorlton's a great example - lots of studes, lots of aspirational young proffesionals but plenty of born and bred binners too.