Monday, Jul 19, 2010

Down from £800,000 to £700,000 asking price after three months

Property Snake: Detailed history

Good stuff. That's what I call "agressive pricing". I'd happily pay £250,000 for it.

Posted by mark wadsworth @ 03:05 PM (1418 views) Add Comment

12 Comments

1. techieman said...

South woodford mark on the borders of leafy essex? Not too far from me - used to ride the mountain bike over Epping forest.... small world but i wouldnt like to paint it.

Monday, July 19, 2010 03:36PM Report Comment
 

2. mark wadsworth said...

T, the very same, but that particular house is "on the wrong side of the tracks". Posh people live to the west of the Central Line. No idea why.

Monday, July 19, 2010 03:44PM Report Comment
 

3. techieman said...

Posh? I remember going to a wine bar in Loughton years ago and someone who I knew said she had moved to “ones dead”, “where?” I said “you know” in between redbridge and Leytonstone!

Monday, July 19, 2010 03:52PM Report Comment
 

4. techieman said...

Posh? I remember going to a wine bar in Loughton years ago and someone who I knew said she had moved to “ones dead”, “where?” I said “you know” in between redbridge and Leytonstone!

Monday, July 19, 2010 03:52PM Report Comment
 

5. techieman said...

i know you have heard it! - why does it do that sometimes?

Monday, July 19, 2010 03:53PM Report Comment
 

6. little professor said...

Rightmove link

Looks pretty crappy to me.

Monday, July 19, 2010 04:49PM Report Comment
 

7. titaniccaptain said...

@Techie and Wadsworth......

You can have these houses in Paradise for a similar price bracket.

http://www.vebra.com/vebra/property/20480995

http://www.findaproperty.com/displayprop.aspx?edid=00&salerent=0&pid=4215479

Monday, July 19, 2010 05:13PM Report Comment
 

8. str 2007 said...

That seems very expensive to me, even at the reduced price.

Is that realisticall priced for the market Mark ?

Wuld be 450-500k in Hampshire. (Which I still reckon is 30% over the odds)

Build cost aprox £150k tops

Monday, July 19, 2010 05:34PM Report Comment
 

9. drewster said...

Mark Wadsworth,

Posh people live to the west of the Central Line. No idea why.

I don't know the area, but could it be to do with school catchments? The boundaries often fall along major geographic features such as streams and railways. Perhaps not so much these days now that it's all electronic, but certainly a lot in the past when they drew the catchment maps by hand.

Monday, July 19, 2010 07:28PM Report Comment
 

10. fallingbuzzard said...

Snaresbrook Primary School is the reason although some might even be turned on by the prospect of the private college. But its a whole lot nicer and a different world on the west side of Woodford Road. Leaves the riff raff to eat chips with gravy on the other side. On the flipside, they get to shove their armpit into your face every morning on the Central line.

Tuesday, July 20, 2010 01:00AM Report Comment
 

11. sneaker said...

The East-West split in London derives from ancient times.
First of all, raw sewage used to flow into the Thames: the further East you went, the more it stank. Hence Richmond - riche monde - rich world - the rich lived in the west. Not only that, they were closer to the nice sunsets and didn't have a sunset skyline ruined by the houses of the unwashed.
Secondly, when the Romans arrived, they pushed the indiginous people to the east of the Walbrook tributary and built a wall there - hence Wall-brook. Walbrook was the original dividing line between the rich Romans to the west and those they dominated to the East.
There are more reasons, but those are the biggest.

Tuesday, July 20, 2010 08:40AM Report Comment
 

12. mark wadsworth said...

Ta for comments all.

@ STR, clearly it isn't realistically priced or else it would have sold by now :-)

@ Sneaker, I'm aware of that phenomenon, but nope, the part of London I am talking about is the north east corner going into Essex. The Central Line runs north to south, and from Leytonstone all the way to Loughton, houses are slightly posher or more expensive on the west hand side of the Loughton branch (apart from a small posh enclave in Wanstead where the line splits into two branches) and Aldersbrook/Bushwood in Leystonstone.

Tuesday, July 20, 2010 10:21AM Report Comment
 

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