Understanding the market in hertford

What do you think about the quality and pace of housing development in Hertford?
Ewoowar
Posts: 100
Joined: Sat 30 Nov, 2013 6:26 pm

Re: Understanding the market in hertford

Postby Ewoowar » Wed 18 Mar, 2015 11:07 am

bubbaoshea wrote:I am really struggling to understand the market as well. How can a house in Nelson St be worth over £500k. I'm now thinking of getting my house valued as it seems to be silly season.

http://www.rightmove.co.uk/property-for ... 85618.html

http://www.rightmove.co.uk/property-for-sale/property-51185618.html



It's all very good selling your house in silly season but then you'll have to buy somewhere else or rent in the hope that the market crashes.

codek2
Posts: 306
Joined: Tue 12 Nov, 2013 4:32 pm

Re: Understanding the market in hertford

Postby codek2 » Wed 18 Mar, 2015 1:17 pm

well obviously.

exiled_in_london
Posts: 6
Joined: Sun 01 Dec, 2013 6:49 pm

Re: Understanding the market in hertford

Postby exiled_in_london » Wed 18 Mar, 2015 1:28 pm

if you are canny you can make the market work for you.

At the end of last year, I sold my 1 bed flat in east london for nearly double what I paid for it 3 years before in 2011. I moved 2 miles up the road and purchased a decent size period freehold which was still a large chunk of money, but after all the fees/SDLT/and improvements we will make to the house (just had a new kitchen fitted which was v painful) we still have walked away with a decent wedge of cash.

the key is to stay as local as you can but find a pocket where the market hasnt risen as much as the one you are selling - that way you get a more suitable house for your circumstance but you still pocket a decent return..

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Steve
Project Leader
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Joined: Wed 06 Nov, 2013 12:01 am

Re: Understanding the market in hertford

Postby Steve » Fri 20 Mar, 2015 2:59 am

There's an article in today's Telegraph about how schools influence house prices

Mapped: Where England’s best schools are pushing up house prices

http://www.telegraph.co.uk/finance/prop ... rices.html

codek2
Posts: 306
Joined: Tue 12 Nov, 2013 4:32 pm

Re: Understanding the market in hertford

Postby codek2 » Fri 20 Mar, 2015 9:30 am

good link, does anyone understand it? :p)

Seems to show no difference in the size of the circle for hertford sele vs richard hale. Just a colour difference due to the schools performance.

Suspect the data is not granular enough, and the variations we see in hertford are so specific to a few roads you dont see them in national stats?

Ewoowar
Posts: 100
Joined: Sat 30 Nov, 2013 6:26 pm

Re: Understanding the market in hertford

Postby Ewoowar » Fri 20 Mar, 2015 11:18 am

Slightly off topic but I still think relevant.........

Why move to Hertford to get close to a school when you can get into to Hertford secondary schools even if you live in Welwyn Garden City? Local villages I can understand but WGC?

dennismoore
Posts: 9
Joined: Thu 24 Apr, 2014 11:17 pm

Re: Understanding the market in hertford

Postby dennismoore » Mon 04 May, 2015 5:02 pm

A frightening new report shows how far out of reach the property market has become for first time buyers in the South East:

http://www.theguardian.com/business/201 ... -in-london

This is becoming a major problem. It must already be virtually impossible for young people to set up home in Hertford. The market is out of control.


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