?285,000 for a 4 bedrm house in sedgley west midlands

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

in a good area with good schools alder coppice off the northway (sedgley)

garage and car port could easily be converted into double garage

huge living room about the size of a triple garage

huge garden with 2 apple trees

interior a bit dated but easily fixed

other houses in the area go for £340,000 and it wd take about £30,000 to bring it up to standard

fine to live in as it is, with a change of carpets and a bit of decorating, but has lots of potential

https://www.rightmove.co.uk/viewdetails-11630351.rsp?pa_n=1&tr_t=buy

pm me if interested or contact the estate agent
https://media.rightmove.co.uk/18k/17561/17561_SED00GP_IMG_00.jpg

https://media.rightmove.co.uk/18k/17561/17561_SED00GP_IMG_01.jpg
https://media.rightmove.co.uk/18k/17561/17561_SED00GP_IMG_04.jpg
view from house
https://media.rightmove.co.uk/18k/17561/17561_SED00GP_IMG_05.jpg

aerial view/map of location
https://maps.google.co.uk/maps?ll=52.55219,-2.128038&spn=0.001153,0.002486&t=h
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Phoenix · Twisted Firestarter Joined: 01 Aug 2002 Karma :

I'll swap it for a GSXR750 and a pint of Banks's

instigator · Super Spammer Joined: 19 Oct 2004 Karma :

Holy crap, people pay £340k for those kinda houses???!! Shocked

Crikey man. To think, my parents were going to sell ours for that amount...house market is madness.

TOM M · World Chat Champion Joined: 18 Mar 2005 Karma :

Quite a big house you've got colin Thumbs Up

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Now owner of a 1200 Bandit

Phoenix · Twisted Firestarter Joined: 01 Aug 2002 Karma :

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

Phoenix · Twisted Firestarter Joined: 01 Aug 2002 Karma :

Prices don't particularly rise more in one area than another, otherwise everybody would be priced out. The only disproportionate rises are in London, and nationaly, different areas cost different amounts to start with before the price hike, but that's always been the case. Rises just appear bigger because a 50% rise on a 100K property takes it to 150K but on a 250K property takes it to 375K.

You honestly believe the reason for house prices rising by 100-150% in the last 10 years is because the divorce rate has gone up....?

colin1 · Captain Safety Joined: 17 Feb 2005 Karma :

its one of the reasons, yes

family of four in 1 house, versus mum and kids in one house and dad in another house (2 houses in use by same people)

thats more demand for housing

i dont think im saying anything controversial this time

a bit of googling an i find something authoritative to back me up

https://www.propertyinvesting.net/content/trends.htm

"Trends that lead to increasing demand and trends leading to reducing supply, and the combination of these together – will drive property prices up."

"The size of the average household has reduced considerably over the last 30 years because of small families, increasing divorce rates, more women living independently and an ageing population of “empty nesters”. "

you dont have to believe me but its not as unlikely as you think

and not all property value goes up at the same percentage rate

for example from link above
"Interesting to note that 1 bedroom flats in Lewisham have risen a lot faster – there is more of a shortage of this type of property in the area. Similar flats have risen from 60,000 pounds in 1999 to 145,000 pounds now and are still rising. This is probably because the area is a bit more gentrified, housing stock is a bit better and the proximity to Canary Wharf (DHL) is still driving prices up."

not really that implausible either
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