A house has been on the market since April, and has dropped £10,000 to £130,000. 3 bed semi.
Looking on Property Snake, there are quite a few in the same area that have been on for a similar amount of time, dropped similar amounts, asking similar prices.
Nethouseprices tells me that houses in the area in mid 2006 were going for about £140,000 ish, up to a maximum of £160,000 until the prices started dropping recently.
Ad says "scope to refurbish and modernise" which says a lot. I think asking price is too hopeful, what do you think?
We are renting, first timer buyers, not desperate to buy but would be happy to if I could get something at the right price.
speculate!