Just put house up for sale...

[sham71 10]

http://www.auction.co.uk/residential/LotDetails.asp?D=F&A=582&ID=582000461&MP=24&RQ=&S=C&O=A

 

Millsands - £55k

[sham71 10]

http://www.auction.co.uk/residential/LotDetails.asp?D=F&A=582&ID=582000428&MP=24&RQ=&S=C&O=A

 

Glossop Road Baths flat - £55k

 

(although it is above a Chinese....and an Indian....and a Wetherspoons....)

[sham71 10]

http://www.auction.co.uk/residential/LotDetails.asp?D=F&A=545&ID=545000562&MP=84&RQ=&S=C&O=A

 

 

and from the last auction - Hunter House Road 3 bed - SOLD for £99k

 

who would have thought a house in Hunters Bar for less than £100k.

[Cyclone 10]

For thos who are interested, I spotted this purely anecdotal article on the prices of flats (sorry, 'apartments'), which mentions Sheffield a lot:

http://www.telegraph.co.uk/finance/financetopics/recession/3410559/Britains-city-centres-left-reeling-by-house-price-crash.html

 

Read that at lunch time. It mentions Sheffield a lot, but all the examples are from elsewhere!

 

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2008/11/06/npbargain106.xml

This one was interesting as well.

 

Price falls so far

 

Average price now Fall since June 08 Fall in a year

Yorkshire £128,591 5.7% 14.2%

North West £137,487 7.1% 10.5%

North & North East £138,063 0.3% 9.3%

West Midlands £162,861 5.7% 9.5%

East Midlands £147,559 4.5% 13.1%

Source: HBOS/Halifax Estate Agents

 

Predicted falls from 'high' of late 2007

 

By end 2008 By end 2009 By end 2010

Yorkshire 13.2% 22.3% 21.9%

North West 13.2% 22.0% 21.2%

North & North East 10.5% 15.8% 15.1%

West Midlands 13.1% 21.4% 20.6%

East Midlands 12.2% 20.4% 19.3%

 

Particularly that table.

[nickyboyzuk 10]

Read that at lunch time. It mentions Sheffield a lot, but all the examples are from elsewhere!

 

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2008/11/06/npbargain106.xml

This one was interesting as well.

 

Price falls so far

 

Average price now Fall since June 08 Fall in a year

Yorkshire £128,591 5.7% 14.2%

North West £137,487 7.1% 10.5%

North & North East £138,063 0.3% 9.3%

West Midlands £162,861 5.7% 9.5%

East Midlands £147,559 4.5% 13.1%

Source: HBOS/Halifax Estate Agents

 

Predicted falls from 'high' of late 2007

 

By end 2008 By end 2009 By end 2010

Yorkshire 13.2% 22.3% 21.9%

North West 13.2% 22.0% 21.2%

North & North East 10.5% 15.8% 15.1%

West Midlands 13.1% 21.4% 20.6%

East Midlands 12.2% 20.4% 19.3%

 

Particularly that table.

 

Sounds about right to me although it could be a bit conservative on the falls.

[espadrille 10]

Prices in Crookes are now the same as they were in 2006.So they are still higher than when we moved up here 3 and a half years ago

[nickyboyzuk 10]

Prices in Crookes are now the same as they were in 2006.So they are still higher than when we moved up here 3 and a half years ago

 

Give it a few more months and you'll get there.

 

I live in Crookes and no one wanted to buy our home. We gave up in the end after slashing a total of 40K off the asking price.

[Dimitri 11 10]

Give it a few more months and you'll get there.

 

I live in Crookes and no one wanted to buy our home. We gave up in the end after slashing a total of 40K off the asking price.

 

What did you slash it to?

[espadrille 10]

Give it a few more months and you'll get there.

 

I live in Crookes and no one wanted to buy our home. We gave up in the end after slashing a total of 40K off the asking price.

 

It wasnt by any chance Saxton mee selling it was it?

[SupraSteve 10]

Predicted falls from 'high' of late 2007.....

<snip>

Particularly that table.

 

They'll fall more than that, don't worry. Don't forget that just 11 months ago, HBOS and the like all predicted rises of around 5% this year, then a few months in they altered that to say small, single digit falls, now they have updated their forecasts again, admitting prices have already fallen 15% from their peak...

 

Ignore such 'experts', they've been playing catchup for over a year now. You know as well as I do that the UK economic conditions that will play a major part in how much houses are bought & sold for have barely kicked in yet. Heck, even Nationwide's CEO has said the falls will be bigger than his cheif economic officer, who continues to try and put a bullish spin on her monthly report.

 

Next year will see a continuation in price drops and hopefully the return of house prices to their real "normal"; i.e. affordable levels based on a sensible multiple of the average salary. It isn't "different this time"!

[Tricky 10]

...Next year will see a continuation in price drops and hopefully the return of house prices to their real "normal"; i.e. affordable levels based on a sensible multiple of the average salary. It isn't "different this time"!

 

I think it IS different this time although I know it's not what you meant.

 

Until banks get their capitalisation under control and a safe loan ratio, they won't be lending at the terms that were in existence before the boom. We're also about to hit a recession or worse, people will become very risk averse. I'd expect a big and sustained overshoot on the way down.

[SupraSteve 10]

I think it IS different this time although I know it's not what you meant.

 

Until banks get their capitalisation under control and a safe loan ratio, they won't be lending at the terms that were in existence before the boom. We're also about to hit a recession or worse, people will become very risk averse. I'd expect a big and sustained overshoot on the way down.

 

Completely agree.

 

What is worrying me most right now is the Government (and to a similar extect, the shadow Government) approach of borrowing yet more money and attempting to spending our way out of a recession. This will only end in more tears and a more damage in the long run. How anyone can think borrownig money to get us out of a problem caused by borrowing too much money(!!) is a good plan, I simply cannot fathom.