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You searched for listings within bt33. There are currently 8 price drops in this postcode. Recently updated listings are highlighted in pink. Click here to sort by last updated date.
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| address | type | original price | current price | change | days on market | postcode | |
| 10 bed Town House BT33 0HH | 10 bedroom house | £195,000 | £100,000 | DOWN 48% | 358 days | (bt33) | |
| 5 bed House - end terrace BT33 0SB | 5 bedroom house | £175,000 | £149,950 | DOWN 14% | 215 days | (bt33) | |
| 3 bed Town House BT33 0LX | 3 bedroom house | £325,000 | £295,000 | DOWN 9% | 268 days | (bt33) | |
| Dundrum, The Quay Three BR, This ne BT33 0LX | 3 bedroom house | £325,000 | £295,000 | DOWN 9% | 212 days | (bt33) | |
| 3 bed Terrace House BT33 0WE | 3 bedroom house | £145,000 | £135,000 | DOWN 6% | 239 days | (bt33) | |
| 3 bed Detached Bungalow BT33 0JY | 3 bedroom house | £239,950 | £225,000 | DOWN 6% | 237 days | (bt33) | |
| Newcastle, Co Down Three BR, Constr BT33 0JY | 3 bedroom | £239,950 | £225,000 | DOWN 6% | 213 days | (bt33) | |
| Dundrum, Murlough View Three BR, PR BT33 0WE | 3 bedroom | £139,000 | £135,000 | DOWN 2% | 211 days | (bt33) |
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Comments
- || I was abruptly told in July by what was described to me as a reputable agent estate in Newcastle (not sure that such a thing has ever existed) that house prices in that area are not falling. I pointed out to the Agent that if this were so then it would be the only market in Western Europe that I knew of where prices are not falling. I have followed this website for a year and it’s interesting to watch the development of prices in Newcastle and to watch the start of the decline. Anyhow, ignoring their uneducated optimism it appears clear that the dynamics that we see affecting the UK, Ireland , Spain and the US are now also starting to underpin the over-inflated market in Newcastle. It could be argued that prices in Newcastle will not be as badly affected as other areas because of NI because (1) the composition of homeowners are more advanced by age and more than likely do not have a mortgage and are therefore under no pressure to sell and (2) that there are many natural attributes to Newcastle that will always ensure a level of demand. However, the brutal reality is that there are a lot of International banks that have incurred serious loses and as such the levels and ease of liquidity that we have enjoyed over the last 8/9 years is not likely to return (if ever) in the foreseeable future. The events of the last few days, i.e. the actions of the US government in basically nationalising Fannie Mae and Freddie Mac (two of the largest US lenders and much larger than Northern Rock) and the comments of the European Central Bank last week, you will understand that governments will be forced to curb the insane lending practices that we have seen over the last number of years. Anyhow, the bottom line is that if you’re buying don’t listen to all the rubbish that an Estate Agent will try and spin you and start your bid at no higher than 60% of current asking prices. Why I’m saying this is, (1) because banks are being forced back to traditional cash-flow lending backed up with good deposits and to be brutally honest I don’t believe that there are that many people out there who can put their hands on hard cash hence there is a massive reduction in the amount of mortgage financing available and (2) a 40% reduction would get us back to where levels were not that long ago and much more in line with affordability. Given the increase in utility bills, oil prices, food prices and the rate of inflation, affordability will not improve in the short term hence another negative factor for house prices. Anyhow, it’s only an opinion but what I would say is that if you’re on the sell-side is good luck be realistic and don’t live in denial. -- left at Tue Sep 09 15:22:18 +0000 2008
- || i agree with all the previous comments apart from you should start any bids at 40% of current asking prices. when the bottom of the market /starter homes in MC estates are currently priced at 10x avg salary in NI .so as the saying goes even 60% of a house that appears 200% overvalued is not a bargin,that would still leave a MC house in a MC estate on the dundrum or castlewellan rd at 80k which is 4x avg salary for those few in work in newcastle which will still be too high given gordens bust is just starting. -- left at Wed Sep 24 21:36:43 +0000 2008
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