Jump to content


Photo

Carshalton/wallington


  • Please log in to reply
57 replies to this topic

#1 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 13 May 2009 - 03:39 PM

We have just sold our house for more or less the price I paid for it in 2004 - it took some doing too!

We're looking to buy in Carshalton, ideally. EAs seem to be pricing stuff at 2007 prices still. Decent semis seem to be moving at the sub 250k mark but not much else.

We've looked at a few of late and they are in awful condition and/or vastly overpriced like these:

http://www.rightmove.....ncludeSSTC=on This house is falling to bits, dark and frankly awful. Apparently the seller's told his EA not to bother him with offers under 290k...........joker

http://www.rightmove.....ncludeSSTC=on Needs finishing and way over the road's ceiling IMO

http://www.rightmove...a...on&index=10 This is actually described incorrectly, or a downwright lie, as it 2 bed terrace right opposite a busy station (no parking) and been on for ages. Horrible

http://www.rightmove...a...on&index=20 Just sold and it must surely have been for under 250k. Needs 10000s spending on it - all new windows, electrics, roof, fully ripping out as the owner is a chain smoker and not touched the house since buying it for 80k in 95.

http://www.rightmove...a...on&index=20 Nice house but on at around the peak price the current owner's paid in 2007.

Not much is moving so it looks like renting is for me.

One good sign is this:


http://www.rightmove...a...on&index=30

Ignore the stupid EA speak of 'offers in excess of' and it's been dropped by 30k. Like someone's going to offer 51 more so they get stung with 3% stamp duty.

And I thought the LB of Sutton had experienced one of the biggest drops since the crash? Not if you believe the EAs who seem to think they'll shift everything for around asking price. Not that I believe a word they say ;)

Edited by pie-eater, 13 May 2009 - 03:42 PM.


#2 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 16 May 2009 - 09:58 PM

Been there again to look.

Decided to rent.

It's all shit that's for sale at silly prices.

One EA at a house we were in advised that there's a 10% drop to come across the board in this area as a few people have realised the obvious.

We'll rent a 350k house for the same a 250k (real value) house would cost to buy, and sit and wait.

Edited by pie-eater, 16 May 2009 - 09:59 PM.


#3 TeddyBear

TeddyBear

    HPC Veteran

  • Members
  • PipPipPipPip
  • 2,460 posts
  • Location:London Zone 1

Posted 16 May 2009 - 10:01 PM

where was the house you sold?
LONDON, April 5, 2004 The Rt Hon Gordon Brown, MP, Chancellor of the Exchequer, today officially opened Lehman Brothers new European headquarters building at 25 Bank Street, Canary Wharf, London.

Commenting on the event, the Rt Hon Gordon Brown, MP, Chancellor of the Exchequer, said: I would like to pay tribute to the contribution you and your company make to the prosperity of Britain. During its one hundred and fifty year history, Lehman Brothers has always been an innovator, financing new ideas and inventions before many others even began to realise their potential. And it is part of the greatness not just of Lehman Brothers but of the City of London, that as the world economy has opened up, you have succeeded not by sheltering your share of a small protected national market but always by striving for a greater and greater share of the growing global market.

#4 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 16 May 2009 - 10:12 PM

where was the house you sold?


Hitchin, Herts.

Moving down there as the wife's from nearby and her clock is ticking;)

#5 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 16 May 2009 - 10:18 PM

And there's no way I'm living in Wallington!

Carshalton Beeches/ponds only.

#6 abidova

abidova

    HPC Poster

  • New Members
  • PipPip
  • 45 posts

Posted 27 May 2009 - 02:52 PM

interesting, one this. I live in the centre of Carshalton (50 yards from the ponds) and am also waiting on prices of these 3 bed houses dropping.

so far it doesn't look like much has come off and I would guess prices in the better Carshalton/Beeches roads are still within 5-10% of peak prices so would imagine there is a fair way to go yet.

On the St Helier estate (which I wouldn't live on) prices do seem to have dropped by more but overall it hasn't really hit home yet round here.

Bits of Wallington aren't bad (some roads near Beddington Park are decent and in good school catchment areas), and I think the High St lets the rest of the town down.

#7 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 27 May 2009 - 05:56 PM

interesting, one this. I live in the centre of Carshalton (50 yards from the ponds) and am also waiting on prices of these 3 bed houses dropping.

so far it doesn't look like much has come off and I would guess prices in the better Carshalton/Beeches roads are still within 5-10% of peak prices so would imagine there is a fair way to go yet.

On the St Helier estate (which I wouldn't live on) prices do seem to have dropped by more but overall it hasn't really hit home yet round here.

Bits of Wallington aren't bad (some roads near Beddington Park are decent and in good school catchment areas), and I think the High St lets the rest of the town down.



I've secured a rental in C Beeches; and I got a 15% reduction in what they wanted. Move down next Thursday.

Having studied the area's prices and sales I've seen that nothing is moving other than houses that are taking a big hit in asking prices. The area seems to be sticking badly other than for some people being real and reducing their asking prices - hence very few sales.

Something will give; and it will be the asking prices - eventually. I'm still getting desperate EAs calling me spouting the usual rubbish that prices are holding steady and houses are flying off their books. They're not - it's the same old, overpriced stock on there daily.

The EAs around there need to wake up as there are so few houses moving, that some must be looking at going under in the near future. They must think that no one has a brain and/or net access!

Edited by pie-eater, 27 May 2009 - 05:59 PM.


#8 abidova

abidova

    HPC Poster

  • New Members
  • PipPip
  • 45 posts

Posted 29 May 2009 - 09:42 PM

am very surprised that more agents haven't gone from the High St.

Haart went around about a year ago but the others still seem to be holding strong.

A couple of months ago Andrews were advertising that they had 90 properties sold this year - can't see it myself but people are definitely taken in by this nonsense

#9 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 29 May 2009 - 11:30 PM

am very surprised that more agents haven't gone from the High St.

Haart went around about a year ago but the others still seem to be holding strong.

A couple of months ago Andrews were advertising that they had 90 properties sold this year - can't see it myself but people are definitely taken in by this nonsense


I looked at a place in C Beeches a few months ago that was up for ~£300k. Way overpriced (of course) and I was chased for feedback by the EA, Cromwells IIRC.

No point lying so I just told them it was up for far more than it is worth. It went under offer shortly after and sold. They called me to tell me it went for asking and said I would never get that sort of house with my budget.

It has just come on the land registry site with a sold price of £60k under asking. They are lying tossers!

#10 abidova

abidova

    HPC Poster

  • New Members
  • PipPip
  • 45 posts

Posted 01 June 2009 - 05:44 PM

At least it shows there are some who are willing to accept offers a fair way below asking price.

I think prices are being set close to peak in the hope that some mug will come along on the back of a shred of HPI news and pay close to asking.
When this fails I think they are being encouraged to take offers.

To be fair though there are lots of houses in Wallington costing £240k and above so £240k in the Beeches is an encouraging sign. It is a nice area and has been for a long time.

Once you can get a 3 bed house for closer to £200k I will be interested – this may be around 18 months away

#11 abidova

abidova

    HPC Poster

  • New Members
  • PipPip
  • 45 posts

Posted 17 June 2009 - 11:57 AM

one of the houses in the links above has gone to sale agreed with Andrews (the one in Ruskin Road by the park)

be interesting to see what it goes for - if the sale goes all the way of course

#12 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 17 June 2009 - 10:26 PM

one of the houses in the links above has gone to sale agreed with Andrews (the one in Ruskin Road by the park)

be interesting to see what it goes for - if the sale goes all the way of course

It's gone under offer from the guy that has sold (or been offered on) this:

http://www.rightmove...a...on&index=20

The above was initially on for £320k, dropped to £280k, then reduced to offers over the stated price. We looked at the above and it wasn't great and not in good order. It needs lots of work and has a tiny, overlooked garden and is on a tiny, overlooked plot. Owner by a builder too and in typical unfinished order! The agent said the 'in excess' bit was to be ignored as they were desperate to move.

My guess is that it has gone for an offer of around £235-£240k.

The Ruskind Rd EA said the seller wouldn't entertain offer sub £290k, but I bet he has changed his tune for it to go UO. It needs major work and has been let go.

I'm living in C Beeches now so have leisure time to look and study. Still very little has moved despite the spring bounce.

The Mrs and I are loving the area but in no hurry to buy. The place we're renting is great and the rent is less than the interest we'd pay on a mortgage for the lovely, large house we are renting.

Edited by pie-eater, 17 June 2009 - 10:29 PM.


#13 bearwithaconscience

bearwithaconscience

    HPC Poster

  • Members
  • PipPip
  • 128 posts

Posted 17 August 2009 - 07:14 PM

If you believe the agents at the moment, the market in houses is 'buoyant'. We have just sold our flat for well below asking price, and are trying to get a house, but there is very little on the market.

#14 pie-eater

pie-eater

    HPC Veteran

  • Members
  • PipPipPipPip
  • 1,036 posts
  • Location:Surrey

Posted 19 August 2009 - 11:37 PM

I've been keeping an eye on this area.

Very little is moving other than than the usual £250k-£300k area. Reductions all the way too.

A house next to me was up for a laughable £400k and was dropped straght away to £330k. Now SSTC. ~£300k should have got it.

Back to circa 2003/04 levels with more to come. Nice area but 40 mins into C London helps.

#15 abidova

abidova

    HPC Poster

  • New Members
  • PipPip
  • 45 posts

Posted 01 March 2010 - 12:36 PM

not sure what to make of things round here at present, asking prices are definitely up and a fair few places seem to be selling.
a new sainsbury is about to open on the High St (Carshalton) and there are one or two other shops being filled.
walked past Andrews this morning and there were at least 5 EA's in there (no customers) so they must be doing something?

am hoping reality will hit home soon and prices will continue the promising start they made in 08/09.

think there is another 15% to come off still just not sure how long it will take.

does anyone have access to the land registry figures for this area?




0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users