Barnard Marcus Auction Tues. 19th

[Laura]

http://www.barnardmarcusauctions.co.uk/

Possibly not worth the bother?

We are not expecting a huge change in sentiment yet, are we?

[tommyboy]

Im going to try to pull the data from this auction to compare previous sold prices with the auction result.

there are 200 odd lots so hopefully i should be able to figer it out and get the second half of the lots

M21er did have a thread on previous auctions, and it will be a similar format

[PotNoodle]

I scanned through the list looking at Welsh properties.

A lot of them are junk, unsold from their auction last month.

[PotNoodle]

I scanned through the list looking at Welsh properties.

A lot of them are junk, unsold from their auction last month.

[PotNoodle]

I scanned through the list looking at Welsh properties.

A lot of them are junk, unsold from their auction last month.

[Laura]

Poor PN. Is there anything we can do to help?

[strbear]

Looked at Lot 37A - flat in manchester - went in 2004 for £208,250 - Halifax want to get rid starting at £85K. If it goes at starting price thats a

59.2% reduction

- I shall be watching with interest!

Enjoy

SB

[lid]

I'd like to see what this new build semi fetches

Sold Price at the peak of the madness

31 Jul 2006 109 Hansby Drive, Speke, Liverpool,Merseyside L24 9LW Semi-Detached (New build) Leasehold £194,995

Auction Guide Price £80k

http://www.rightmove.co.uk/viewdetails-226...=3&tr_t=buy

[notthereyet]

Poor PN. Is there anything we can do to help?

Yes there is Half a pint of boiling water and stir for 2 mins.

[notthereyet]

Looked at Lot 37A - flat in manchester - went in 2004 for £208,250 - Halifax want to get rid starting at £85K. If it goes at starting price thats a

59.2% reduction

- I shall be watching with interest!

Enjoy

SB

If the price sells for anything like some of the Leeds apartments sold in recent auctions they sold for less than 50% of 2005/6 prices.

[sambino]

Will definately be worth watching to see how many dont sell

[Little Professor]

I'll be very interested in this one:

No 56 in this block of rabbit hutches - sorry, executive apartments.

Was bought for £174,250 back in 2003.

Owner puts it on the market in January this year for £154,950.

Drops the price twice, to £149,950 and then £139,950 - which would leave him £35k in the red. Still no takers.

This month - the property is listed again - by an auction house this time. Halifax have repossessed him. it's up for auction on the 19th of August, guide price was initially £116,000 (meaning a £58k loss) but has already been reduced to just £98,000 - a whopping £76,250 less than he paid for it.

Pics:

[pharm]

Fantastic. A decent bunch of Oxford houses.

I used to work near Lot 139, it's right next to a pub IIRC (the house on the left as you look at the photo is the pub). It went for, wait for it, ...

£395,000 in 2005.

Guide is 160-180k.

Bloody hell.

[Mina]

If the price sells for anything like some of the Leeds apartments sold in recent auctions they sold for less than 50% of 2005/6 prices.

Lot 86, Guide Price £80,000 plus. Last sold 02/02/2007 £237,000. Ouch.

[BandWagon]

Bloody hell.

22 Temple Street, Oxford. Sold for £395k in 2005, it's the same property for auction at £160k-180k.

I don't believe this bust is happening that fast, but maybe I'm wrong.

http://www.houseprices.co.uk/e.php?q=temple+street%2C+oxford

[jonpo]

there is going to be huge pressure to reduce reserve prices

http://www.barnardmarcusauctions.co.uk/Unsold_Lots.html

58% sold last time.....

162 lots sold

21.6 million raised

average price of 133 grand!

[the anti krust]

BUMP.

More bogus, stupid, lousy guide prices to lure punters in no doubt.

Shoud be regulation about bogus, stupid, lousy guide prices.

Guide prices = lousy, stupid & bogus.

[expatowner]

22 Temple Street, Oxford. Sold for £395k in 2005, it's the same property for auction at £160k-180k.

I don't believe this bust is happening that fast, but maybe I'm wrong.

http://www.houseprices.co.uk/e.php?q=temple+street%2C+oxford

Auction prices have always been cheaper than dealing through estate agents.

Auctions are generally forced buyers and estate agents are not

I dont buy the rubbish that all future property prices are driven by auction prices "at the margin"

Not everyone is geared up to buy at auctions.

The legal system for one thing works against setting up a sale and buying a place at auction.

[Mikhail Liebenstein]

Auction prices have always been cheaper than dealing through estate agents.

Auctions are generally forced buyers and estate agents are not

I dont buy the rubbish that all future property prices are driven by auction prices "at the margin"

Not everyone is geared up to buy at auctions.

The legal system for one thing works against setting up a sale and buying a place at auction.

The Shamley Green greenbelt plot for sale didn't go either. The highest bid was £88k and the guide £150k. However, in my book 3.5 Acres of Greenbelt land is worth about £20k, so still some dumb people about. The site in Horley was more appropriate, £25k for over 7 Acres.

[Laura]

I dont buy the rubbish that all future property prices are driven by auction prices "at the margin"

Killjoy

___________________________________________________

On another tack. One year from now auction results will be very different.

Even then it will be too soon to buy many of the properties.

The real correction is yet to start

[Justice]

I had a scan and many of the lots are back on from last month plus a few new properties that have a cats chance in hell of selling judging by previous auctions.

Why don't the BBC have a program were they show how to cash in at auctions and by that i mean todays auctions as in real time prices.

Shame on the BBC and shows who your pay masters are.

[SarahBell]

59 34 Mona Road, Chadderton, Oldham, Lancashire, OL9

This is a new build patch near at least two other new build sites

It's a nightmare says the local pcso and someone who lived on the road (their landlord has at least 2 places on there both tenants leaving for cheaper rents)

http://www.houseprices.co.uk/mona-road-cha...ton-oldham-ol9/

Put OL9 8ND into right move and get 11 properties

OL9 8NS gives 8

Am interested to see how much this goes for. as will the people flogging their houses

[swissy_fit]

22 Temple Street, Oxford. Sold for £395k in 2005, it's the same property for auction at £160k-180k.

I don't believe this bust is happening that fast, but maybe I'm wrong.

http://www.houseprices.co.uk/e.php?q=temple+street%2C+oxford

Sorry to rain on the parade, but I simply don't believe this one.

This property is a miniscule and ugly one-bed terrace, admittedly in Oxford.

If it genuinely sold for 395k in 2005 (I doubt this, reckon houseprices site has made an error), then it was a mortgage fraud IMO.

[pharm]

Sorry to rain on the parade, but I simply don't believe this one.

This property is a miniscule and ugly one-bed terrace, admittedly in Oxford.

If it genuinely sold for 395k in 2005 (I doubt this, reckon houseprices site has made an error), then it was a mortgage fraud IMO.

I'm pretty sure that it's actually a 4-bed IIRC: those houses go a long way back. It's certainly not a one-bed. From the front it looks lke a 2-up, 2-down I agree.

Asking prices for 4-beds in St.Clements Oxford right now are in the 400k bracket. That presumably reflects 2007 pricing.

It *might* be a transcription error at the LR though. Perhaps it orignally went for £295

[swissy_fit]

I'm pretty sure that it's actually a 4-bed IIRC: those houses go a long way back. It's certainly not a one-bed. From the front it looks lke a 2-up, 2-down I agree.

Asking prices for 4-beds in St.Clements Oxford right now are in the 400k bracket. That presumably reflects 2007 pricing.

It *might* be a transcription error at the LR though. Perhaps it orignally went for £295

OK, you probably know the area better than me, but it would have to go back about 100 ft to have 4 beds. Somewhere there's an error, because it's on Rightmove as well as a 1-bed. Even 295 seems a lot for a 1 bed in 2005, that wasn't the peak. It's close to town, but even so.....

I believe the crash will eventually hit everywhere, but places like central Oxford aren't first in line, there's too much money out there. if you're waiting to buy there cheaply, you may have some time to wait IMO. CheapER, yes, already. Cheap, not yet.

The major beneficiaries of this crash so far have been anyone with cash who wants an apartment in a northern city.