[Killer Bunny]

Show me the Money!, on Feb 20 2008, 09:36 PM, said:

Anyone else notice the new builds next door to Broxbourne station, prices go up to £575,000 four bed with no garden!!!

I'll give Kirsty Allsopp a frenchie if they achieve that!

[MoonLady]

Bairstow Eves Staines - closed down few weeks ago

[grey shark]

MoonLady, on Feb 21 2008, 08:35 AM, said:

Bairstow Eves Staines - closed down few weeks ago

Shame....... ............................ .................................. ..................................................

Thats a sweet little avatar you have there Moon Lady

[DoctorJ]

Quote

Hertfordshire
Average Cost: £297,816
Detached: £558,087
Semi-detached: £317,195
Terraced: £249,085
Flat: £191,072


Change in last quarter: -3.7%
Change in last year: 8.2%
Sales: 5739

Herts data from LR report posted by RB in the main room. Makes interesting reading.

It seems that some regions in Herts are up, but some are down. The overall figure of -3.2% is skewed somewhat due to a 19% drop in Three Rivers.

I hope to see more drops in the near future.

[garybug]

Here in Sawbridgeworth I am seeing minimal falls (5k on 200-250k props.) on Property Bee - but nothing is moving (in the selling sense), especially the flats in The Maltings (nice as they are).

Given that it's 40mins from Liverpool Street, I'll be surprised if they lose more than 20% around here, but I'll be very happy to be proved wrong..

As for Bishops Stortford & Harlow (FFS ), I can definitely see 30-40% drops around these areas at the bottom.

gb

[Greenstuff]

Same here (Stanstead Abbotts) no drops of any significance and the white sock brigade are still marketing 4 bed shoeboxes for 485k and one bed newbuild shoeboxes for just under 200k.
Although there was one drop of 25k which then sold, so someone got a 2 bed cottage on a main road with no parking for the bargain price of a quarter Mil.
It has been laminated too, lucky people.

[DoctorJ]

I'm just going to bump this as its good to see a Herts thread up and running again. My old one seems to have disappeared with the server update at the end of last year.

I have to admit that I haven't been keeping a close eye on selling prices in the area - I'm in Ware/Hertford. But rental prices are steady with some pressure on the downside. 2 bed flat rentals were averaging 750/month recently but have noticed a lot more at 650 recently.

I do have anecdotal evidence (from someone who had trouble completing a chain) from B.Stortford that prices are dropping by around 5% so far. Its not much but its a start.

[garybug]

OUCH!! 20.5k off in Sawbridgeworth - rubbing my eyes at this...(thanks PropertyBee )

13rd Mar 2008 22:51:15
Price changed: from '£249,995' to '£229,500'

22nd Feb 2008 19:06:51
Price found: £249,995
Title found: Church Walk, SAWBRIDGEWORTH, Hertfordshire
Subtitle found: 2 bedroom flat
Brief Description found: We are delighted to offer this 2 DOUBLE BEDROOM 1970's built first floor DETACHED maisonette situated in a private road within walking distance of Sawbridgeworth railway station with access to Liverpo...

EDIT - FECK ME, it's listed on the following page as 214k! 35k OFF!!

This post has been edited by garybug: 13 March 2008 - 10:59 PM

[Killer Bunny]

garybug, on Mar 13 2008, 10:57 PM, said:

OUCH!! 20.5k off in Sawbridgeworth - rubbing my eyes at this...(thanks PropertyBee )

EDIT - FECK ME, it's listed on the following page as 214k! 35k OFF!!

Bring it on!!!!!!!

[garybug]

Financial Planner, on Mar 14 2008, 07:54 AM, said:

Bring it on!!!!!!!

Part of me thinks it was mispriced at 250k (although it is a nice place in a nice spot), so 229k seems more likely - still even then it's 15k off.

Also 'vacant possesion' - in a rush to sell are we?

[Damik]

garybug, on Mar 14 2008, 08:23 AM, said:

Part of me thinks it was mispriced at 250k (although it is a nice place in a nice spot), so 229k seems more likely - still even then it's 15k off.

Also 'vacant possesion' - in a rush to sell are we?

Loughton IG10 - west south essex - reductions in progress

one page from the rightmove with the propertybee on (houses; 2+ bedrooms):

#
date event
14th Mar 2008

* Price changed: from '£237,000' to '£235,000'

28th Jan 2008

* Initial entry found.

#
date event
12nd Mar 2008

* Price changed: from '£240,000' to '£230,000'

28th Jan 2008

* Price changed: from '£243,995' to '£240,000'

23rd Jan 2008

* Initial entry found.

#
date event
12nd Mar 2008

* Price changed: from '£240,000' to '£230,000'

5th Mar 2008

* Initial entry found.

#
date event
12nd Mar 2008

* Price changed: from '£239,995' to '£229,995'

23rd Jan 2008

* Initial entry found.

#
date event
7th Mar 2008

* Price changed: from '£239,995' to '£229,950'

28th Jan 2008

* Initial entry found.

#
date event
6th Feb 2008

* Price changed: from '£232,000' to '£229,950'

23rd Jan 2008

* Initial entry found.

[garybug]

So here we are, at the start of the crash, and already 10% off asking price seems to be the default. What will it be in six months? (or at the end of the year when my lease is up.. )

[Design Guru]

Re the Loughton situation - it would be interesting to know which EA those properties were selling with.

I sold my 2 bed flat in summer 07 - but only after I reduced the price to a more realistic £199K (Haart assured me that they would get £215k for it).

After my sale I checked back regularly, only to discover that Haart were the most common EA listed on Propertysnake in the IG10 area... obviously over-valuing all the properties in order to get the client on their books - then being unable to achieve their promised figure.

[a j]

Things seem to be getting interesting in Hertfordshire. I do an occasional search on Rightmove looking at the cheapest liveable flat within three miles of St Albans station, and the best properties available for the £250k threshold. The lowest rates for OK(ish) flats have fallen by about 10% over the last few months (not very scientific as the cheapest flats may well have leasehold problems), and some houses in reasonable locations have fallen below £250k for the first time since 2005. I dont think we are back to early 2005 prices yet but seem to be going that way.

Now that events are progressing is anyone interested in a Herts pub meet to compare anecdotes, observations and speculation?

[Killer Bunny]

There's a 4 bed, with kitchen/diner in Broxbourne for £300k. This is the lowest I've seen for years - normally £400k min.

Wait 'till the spring bounce does not materialise and properties flood on the mkt. We will go strongly negative within a few months even in the b****cks' surveys.