Not sure I agree with that, Bruce.
Yes, I do agree the location is important, but no way can a 2 bedroom semi-detached bungalow be a similar price to a 4 bedroom detached house with large garden, inspite of being in the same road.
Or put it this way - how would you feel if your 4 bed detached was priced only a few quid different to a 2 bed semi?
She was in her early 60âs and didnât need the money but as you say a spendthrift. She was spoilt totally as a child and a recovering alcoholic . Yes she had a son who inherited but with no money.
I have heard they are not building anywhere as many bungalows now, as they can get many more homes on the same area if they build flats instead.
I suppose more homes = more dosh in the builders pockets too.
In my street two adjacent blocks each with a fibro cottage on were sold to a developer, both now have 9 townhouses on the two blocks, the tthree storey ownhouses sold for up to $900000 each (too many stairs for me). That is more than my house and block is valued at.
In the past I have been tempted to build three town hoses on my block
This type of citation makes me so angry, when a property price increases (just because of the market) so has every other property price in the area so, in relative terms, if you want to step up the market, your next property will actually cost you more in relative terms, people get a bit crazy where property is concerned.
Now @spitfire dont get angry , and yes most times property goes up all over , but you see , I live south of the county in a Village which as higher property prices than north of the county or even just a few miles up the road to me ,
Im in a semi but , but I could sell my small semi and buy a detached Poperty with a bigger garden for equal amount I sell for or I could buy it cheaper .
so you see it all down to Location location Location .[quote=âspitfire, post:28, topic:91780, full:trueâ]
This type of citation makes me so angry, when a property price increases (just because of the market) so has every other property price in the area so, in relative terms, if you want to step up the market, your next property will actually cost you more in relative terms, people get a bit crazy where property is concerned.
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A huge problem as I see it in my part of West Sussex is the âdeveloperâ who buys 2 storey houses and then turns each into 2 or even 3 tight on space flats. Itâs appalling what small spaces people are expected to accept these daysđ€Ź
I agree Eliza, the only way to win is Downsize, move a good few miles away or, withdraw from the market completely, outside of these options, a high house valuation does not make you cash rich.
As far as Zoopla is concerned, their information is so far out for properties that have not been on the market for some time, in our case, we purchased the Freehold in 2013, this was picked up by Zoopla when the Land Registry was updated but, six months later the database return us to Leasehold and has done ever since, also, Zoopla are not aware of all the building work that has taken place so, I tend to ignore it and just watch what is happening locally.