I was chatting with
one of my Landlords the other day when he complained that there didn’t seem to
be any property bargains in Andover.
With us being involved in the sales market we are pretty up to date with
what is going on but I did a bit more in depth digging and here is what I came
across.
A 2 bedroom flat in
Clarence Court, Andover was sold in April 2008 for £165,000. It sold again in November 2016 for £150,000,
a drop in value of just over 9%! Another
two bedroom flat in Woodlands, London Road sold in January 2008 for £130,000
and was re-sold in December 2016 for £124,950, a drop of 3.88%.
From looking at
these properties on the internet, both looked to be in good order and I suspect
that the main reason for the drop in value is that both of these properties
were originally bought in early 2008 when prices were still quite high.
So, if you are
looking for a bargain, be prepared to do your research as it can pay! All of this information is readily available
these days to anyone with internet access using sites such as Mouseprice.com.
Alternatively, come
and talk to your local friendly agent!
No comments:
Post a Comment