[SHERWICK]

the_duke_of_hazzard, on 13 June 2011 - 12:56 PM, said:

http://www.rightmove...y-34202297.html

7-bed Victorian-looking house in a bad state.

Any thoughts on this one? Even at 375K it looks cheap.

Definitely cheap and can get you a good yield too if you can let out, say, 5 rooms. Very good connections into London as well.
Only problem (if you intend to live in it rather than rent it out) is that it's on the South Circ.

[the_duke_of_hazzard]

SHERWICK, on 13 June 2011 - 03:25 PM, said:

Definitely cheap and can get you a good yield too if you can let out, say, 5 rooms. Very good connections into London as well.
Only problem (if you intend to live in it rather than rent it out) is that it's on the South Circ.

Sometimes I wish I was a builder (I hope my son becomes one, to my wife's horror). Turning that round would be great fun.

[SHERWICK]

the_duke_of_hazzard, on 14 June 2011 - 11:53 AM, said:

Sometimes I wish I was a builder (I hope my son becomes one, to my wife's horror). Turning that round would be great fun.

Not sure if 'fun' is the word that I'd use.... have you ever seen the film The Money Pit? http://en.wikipedia....i/The_Money_Pit

[the_duke_of_hazzard]

SHERWICK, on 14 June 2011 - 04:10 PM, said:

Not sure if 'fun' is the word that I'd use.... have you ever seen the film The Money Pit? http://en.wikipedia....i/The_Money_Pit

I remember it from my childhood. I get paid to sort out software wrecks ;-)

[Fairies Wear Boots]

I've been trawling through my 'area' again on Rightmove. Lots of kite flyers out there. So many of the properties now have reductions it's not funny. (Ok it is funny). I quite like the amount of houses that have twenty or thirty thousand knocked off them in the first two weeks. What? No viewers? Shit, let's knock twenty grand off.

[the_duke_of_hazzard]

Fairies Wear Boots, on 23 June 2011 - 10:52 PM, said:

I've been trawling through my 'area' again on Rightmove. Lots of kite flyers out there. So many of the properties now have reductions it's not funny. (Ok it is funny). I quite like the amount of houses that have twenty or thirty thousand knocked off them in the first two weeks. What? No viewers? Shit, let's knock twenty grand off.

Supply of properties for sale is still increasing across SE21/SE24 (Rightmove).

 	SE21 All Buy	SE24 All Buy	SE21 All Rent	SE24 All Rent	Total Buy	SE21 2bed+ Buy	SE24 2bed+ Buy	SE21 2bed+ Rent	SE24 2bed+ Rent
06/10/2010	109	151	51	47	260	82	118	35	31
13/10/2010	110	145	51	52	255	82	114	35	35
20/10/2010	107	150	60	48	257	81	117	38	35
27/10/2010	109	156	71	37	265	84	121	44	25
03/11/2010	109	153	65	34	262	81	117	42	28
10/11/2010	110	150	61	32	260	83	113	43	26
17/11/2010	114	144	53	30	258	88	110	43	23
24/11/2010	112	141	53	27	253	86	111	42	21
01/12/2010	113	138	57	34	251	88	110	47	25
08/12/2010	108	133	56	37	241	84	108	46	22
15/12/2010	104	121	56	39	225	80	97	44	22
22/12/2010	101	118	62	40	219	78	95	47	24
29/12/2010	101	118	62	39	219	78	95	47	23
05/01/2011	100	116	57	39	216	78	95	45	24
12/01/2011	104	115	61	34	219	82	93	48	22
19/01/2011	110	121	63	42	231	83	98	50	30
26/01/2011	111	130	65	39	241	84	105	52	29
02/02/2011	114	125	63	41	239	88	98	51	30
09/02/2011	117	128	59	43	245	90	101	48	31
16/02/2011	119	119	58	41	238	90	93	47	25
23/02/2011	121	111	56	38	232	89	85	46	19
02/03/2011	116	120	59	37	236	98	94	48	20
09/03/2011	120	134	63	35	254	104	104	52	19
16/03/2011	122	146	68	37	268	105	114	57	21
23/03/2011	112	153	62	34	265	93	119	54	20
30/03/2011	118	151	62	33	269	96	115	51	20
06/04/2011	120	139	72	34	259	97	108	56	25
13/04/2011	128	147	68	32	275	102	116	51	20
20/04/2011	128	148	71	28	276	101	117	51	17
27/04/2011	123	148	64	31	271	95	116	48	19
04/05/2011	125	151	56	27	276	98	116	42	12
11/05/2011	124	153	60	23	277	96	118	43	10
18/05/2011	117	143	56	26	260	89	110	40	17
25/05/2011	144	146	57	27	290	112	111	41	15
01/06/2011	148	140	55	24	288	116	107	42	18
08/06/2011	153	142	48	22	295	123	108	38	17
15/06/2011	144	146	56	32	290	114	111	43	24
22/06/2011	150	148	51	43	298	117	113	41	28

Some roads have definitely fallen in value in the last few years - I'm talking nominal, not just real.

I don't see an end to it

This post has been edited by the_duke_of_hazzard: 24 June 2011 - 01:06 PM

[Fairies Wear Boots]

the_duke_of_hazzard, on 24 June 2011 - 01:03 PM, said:

Some roads have definitely fallen in value in the last few years - I'm talking nominal, not just real.

I don't see an end to it

Yeah, they've got to fall. There isn't that much selling. I guess there aren't that many qualified buyers to buy.

[Fairies Wear Boots]

Just been trawling Rightmove again. Hurry up base rate raise is all I can say.

[the_duke_of_hazzard]

Fairies Wear Boots, on 25 June 2011 - 06:21 PM, said:

Yeah, they've got to fall. There isn't that much selling. I guess there aren't that many qualified buyers to buy.

Witness:

http://www.rightmove...y-35328311.html

http://www.rightmove...y-35208998.html

15% drop in asking in 3 months. Evidently no serious interest. 3-bed with garden in Victorian conversion.

Why isn't this selling when London is supposedly still rising?

[SHERWICK]

the_duke_of_hazzard, on 10 January 2012 - 10:01 AM, said:

Witness:

http://www.rightmove...y-35328311.html

http://www.rightmove...y-35208998.html

15% drop in asking in 3 months. Evidently no serious interest. 3-bed with garden in Victorian conversion.

Why isn't this selling when London is supposedly still rising?

Some possible reasons:
1. Needs some work doing to it.
2. kitchen tiny (though can extend into the garden in the future)
3. Near to Tulse Hill.
4. Overpriced in the first place!

[Kingmaker]

I bought on Clive Road recently. I had been renting on Martell Road for 2 years and Herne Hill prior to that. I'd been researching for about 18 months.

Thoroughly depressing as a prospective buyer - very limited pool of quality housing. Any quality housing goes within days, and in my experience; in a single day! Irritatingly, I had to enter a sealed bid, after months of frustration and offers being turned down and 'feeling' the market. There is still far too much money, chasing far too little quality housing.