Thursday, 17 December 2015
Are there any good property deals in Eastwood?
I was talking to one of my landlords the other day about the impending Christmas festivities and her plans for next Year, when she explained there were no property bargains for her to buy in Eastwood or the surrounding area. With prices having risen recently it’s always easy to fall into the mind-set that the bargains have gone. So after having a quick look here is what I discovered in terms of bargains in and around Eastwood.
A 2 bed terraced house on Maws Lane, Kimberley, sold in 2007 for £105,000. In September of this year (2015), it sold again for £57,000, a drop in value of nearly 20%!
Another 2 bed town house on North Street, Langley Mill, sold for £76,000 in August this year, whereas back in 2007 it sold for £90,000. A near 16% reduction. These are excellent value properties, even before taking inflation in to account.
Finally, one of those nice 1900s three-storey town houses on Garden Road, sold for £108,000 in the Autumn of 2007. Considering property values are approaching those being achieved in 2007, some lucky person picked up a bargain in the Summer, when it sold again for £96,000.
As we ourselves don’t sell property and don’t charge for our advice, we can give impartial advice without any conflict of interest to our landlords. Whether you are a landlord of ours or not, drop by our offices or give us a ring if you would like any advice.