M21er Posted February 7, 2008 Posted February 7, 2008 Hi, The Barnard Marcus Auction is available to watch on the internet via a live link: Barnard Marcus Auction Live Link There are 265 lots ... Will be interesting to see the current sentiment in the market. In particular, there are two lots which have been discussed in recent threads here: Lot 209 - 70 Tideslea, Thamesmead, London - this is in the same block as featured on the Panarama programme ( Spotted by Risk) Lot 90 - Flat 4, Kendal Court, Eccles, Manchester - this was discussed in the 'Madchester' thread Happy Viewing! Regards M21er Quote
IDN Posted February 7, 2008 Posted February 7, 2008 i dont suppose anyone wants to create a dummy account so we can log in and have a look? Quote
M21er Posted February 7, 2008 Author Posted February 7, 2008 i dont suppose anyone wants to create a dummy account so we can log in and have a look? IDN, You simply click on the link and enter your Name and E Mail address - I didn't have to register Regards M21er PS Starting shortly .... Quote
redgenieuk Posted February 7, 2008 Posted February 7, 2008 Hi,The Barnard Marcus Auction is available to watch on the internet via a live link: Barnard Marcus Auction Live Link There are 265 lots ... Will be interesting to see the current sentiment in the market. In particular, there are two lots which have been discussed in recent threads here: Lot 209 - 70 Tideslea, Thamesmead, London - this is in the same block as featured on the Panarama programme ( Spotted by Risk) Lot 90 - Flat 4, Kendal Court, Eccles, Manchester - this was discussed in the 'Madchester' thread Happy Viewing! Regards M21er Great link! I wanted to go to this actuoin, only one property round us that there was for sale and it was nasty. Lot 220 I think it was. Quote
lets get it right Posted February 7, 2008 Posted February 7, 2008 What is supposed to happen? I'm just looking at a page that says Lot 1 on it - and it says 'Announcements are being made'. I assumed there would be some sort of java applet in there that would update as bids were made. Quote
Matt Bear Posted February 7, 2008 Posted February 7, 2008 Hmmm Lot 2 went for 85k over guide £220k v £135k. Quote
M21er Posted February 7, 2008 Author Posted February 7, 2008 What is supposed to happen?I'm just looking at a page that says Lot 1 on it - and it says 'Announcements are being made'. I assumed there would be some sort of java applet in there that would update as bids were made. Hi LGI Should now be showing Lot 3 1, 3 & 5 Vestry Rd, Walthamstow, London, E17 Current Bid £722,000 Regards M21er Quote
redgenieuk Posted February 7, 2008 Posted February 7, 2008 These places are going for huge bucks!! WTF? Credit crunch in action and people are buying houses well over the guide prices! ops! Quote
bleakhouse Posted February 7, 2008 Posted February 7, 2008 Great link!I wanted to go to this actuoin, only one property round us that there was for sale and it was nasty. Lot 220 I think it was. Lot 201 isn't very far away either, was on Rightmove for £180,00 and failed to sell at a previous auction in November. Quote
redgenieuk Posted February 7, 2008 Posted February 7, 2008 Hi LGIShould now be showing Lot 3 1, 3 & 5 Vestry Rd, Walthamstow, London, E17 Current Bid £722,000 Regards M21er 828K final. Thats 35% over guide approx! ouch. Someone shot themseleves in the foot. Quote
lets get it right Posted February 7, 2008 Posted February 7, 2008 (edited) Plenty of money around it seems. The death of the property market seems to have been exaggerated. Some nutcase has just paid 950k for Lot 8. Guide was 700 plus. For a poxy looking house as two flats in Battersea. Looks like the party continues. Depressing. Studio flats in Cricklewood - not a place I'd walk around at night - are worth 140k to some people. Nutters. Just imagine some young sap having paid 5 times their salary to buy a studio flat! In a rough area of London. Truly insanity prevails. Edited February 7, 2008 by Lets' get it right Quote
Converted Lurker Posted February 7, 2008 Posted February 7, 2008 828K final. Thats 35% over guide approx! ouch. Someone shot themseleves in the foot. http://www.houseprices.co.uk/e.php?q=Vestr...n=10...hmmmm.... three x 260K = ?? Quote
greengreen Posted February 7, 2008 Posted February 7, 2008 Plenty of money around it seems. The death of the property market seems to have been exaggerated.Some nutcase has just paid 950k for Lot 8. Guide was 700 plus. For a poxy looking house as two flats in Battersea. Looks like the party continues. Depressing. I think that the guide price is usually set quite low so as to attract some attention. Also 950k is huge, even given the fact that the flat next door (one of three) sold for 350k in November. the purchasor still has all the transaction and renovation costs. Quote
kilroy Posted February 7, 2008 Posted February 7, 2008 Plenty of money around it seems. The death of the property market seems to have been exaggerated.Some nutcase has just paid 950k for Lot 8. Guide was 700 plus. For a poxy looking house as two flats in Battersea. Looks like the party continues. Depressing. Bull trap. Houses are now a bargain for cash buyers Quote
Dr House Posted February 7, 2008 Posted February 7, 2008 Plenty of money around it seems. The death of the property market seems to have been exaggerated.Some nutcase has just paid 950k for Lot 8. Guide was 700 plus. For a poxy looking house as two flats in Battersea. Looks like the party continues. Depressing. No, these are just the greatest fools who will be ouch so burned it does not bear thinking about. You will still get retatrded BTL spivs who's only source of information is the seminar coordinator and other BTL rampers - doing this sort of thing even at the depth of the crash...... Just amusing really. Quote
Converted Lurker Posted February 7, 2008 Posted February 7, 2008 (edited) flat in Cricklewood what a bargain at 143K http://www.houseprices.co.uk/e.php?q=Buxto...C+NW2+&n=10 in fact you could have bought both flats sold one for profit Edited February 7, 2008 by Converted Lurker Quote
5lab Posted February 7, 2008 Posted February 7, 2008 guide prices are (in my experiance) around 20-30% lower than normal asking price to get interest in - every so often i'd see a place on rightmove that was 50k underpriced and expect it to be an auction before i opened it (nearly always right too!) still, sounds like big bucks being put down Quote
greengreen Posted February 7, 2008 Posted February 7, 2008 (edited) Lot 15 - first bid: £2.7m! and unsold at £2.84m!!! Edited February 7, 2008 by greengreen Quote
M21er Posted February 7, 2008 Author Posted February 7, 2008 Lot 16 - first bid: £2.7m! and unsold at £2.84m!!! yes - this one: 16 Coulson St, Chelsea, London, SW3 Perhaps London isn't immune? Regards M21er Quote
Converted Lurker Posted February 7, 2008 Posted February 7, 2008 vista building 111K 30% below previous prices (average over last 12 months) http://www.houseprices.co.uk/e.php?q=The+V...ilding&n=10 Quote
5lab Posted February 7, 2008 Posted February 7, 2008 (edited) yes - this one:16 Coulson St, Chelsea, London, SW3 Perhaps London isn't immune? Regards M21er thing is, takes a different set of people all together to spend 3m on a house rather than 150k on a btl property. what are the fees like on an auction like this? 5%? Edited February 7, 2008 by 5lab Quote
234SALE Posted February 7, 2008 Posted February 7, 2008 Plenty of money around it seems. The death of the property market seems to have been exaggerated.Some nutcase has just paid 950k for Lot 8. Guide was 700 plus. For a poxy looking house as two flats in Battersea. Looks like the party continues. Depressing. Studio flats in Cricklewood - not a place I'd walk around at night - are worth 140k to some people. Nutters. Just imagine some young sap having paid 5 times their salary to buy a studio flat! In a rough area of London. Truly insanity prevails. Absolutely,,,,, There is money about,, Credit crunch only affects those with no money or with debt... Actually we need high interest rates so people dont consider property as an investment and rental yields as income... But Gordon Browns economy relies on stamp duties........... Interest Rate should be 10%, then people would actually save and get a reasonable return on money.. They wouldn't consider buying a house with a yield of only 3-5% Problem is all those who believe labours lies,, I never believed the LIES of Labour,,, But the pay off comes at the end as rates go up, I suppose the Poor will become rich as they didn't borrow... People will be paying off the debt for years to come..... But if I remember the way labour had planned it was 100 year mortgages to keep the barrol rolling.... WHAT GOES UP, MUST COME DOWN - - - - Quote
Smell the Fear Posted February 7, 2008 Posted February 7, 2008 57 ashcombe gardens, weston-super-mare. Sold £108k, bought 09/06 £145k!!!!!!! Quote
Converted Lurker Posted February 7, 2008 Posted February 7, 2008 Down to 2005-2006 prices here 113K http://www.houseprices.co.uk/e.php?q=Vicar...+Grays&n=10 Quote
redgenieuk Posted February 7, 2008 Posted February 7, 2008 http://www.houseprices.co.uk/e.php?q=Vestr...n=10...hmmmm.... three x 260K = ?? 1 19/03/2007 £259,000 Ter. F No Map 1b, Vestry Road, Waltham Forest, London, Greater London, E17 9NH I see what you are saying, but could it be number 1 actually has 1a and 1b, and that the other 2 are the same.... meaning 260 x 6 = ??? Quote
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