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£315k drop off another ugly house at Oakhill Grange. Bought Oct 2014 for £1,415.00 now trying to sell for £1,100.00. Big house but apart from that I can't see anything that's going for it. Fixtures and fittings look cheap, decor looks like an office. The back garden is hilarious. It's not a million pound house by any stretch of the imagination. I reckon they might be lucky and get £600k - £700k for it (if someone with the same "taste" comes along) https://www.aspc.co.uk/search/property/361153/10-Oakhill-Grange/Aberdeen/

FFS https://www.aspc.co.uk/search/property/361142/47-Whitehall-Road/Aberdeen/ 47 Whitehall Rd, bought Sept 2015 for £415k and "Upstairs insulated by Council in January 2016 " according to the questionnaire report. Is this right?? Do the wonderful Aberdeen Schitty Council just throw money about to rich home owners? Are these grants or whatever not means tested??

This must be one of the ugliest houses I've seen for ages https://www.aspc.co.uk/search/property/360908/58C-Whitehall-Place/Aberdeen/ How did planning permission get through for that I wonder? It's an eyesore (not much privacy in the bedrooms either)

None of us here are experts or can tell what is going to happen around Aberdeen however if you are really considering spending something like £400k+ you really need to know what you are doing. If it's your all time home then it's not an issue. I get daily updates from ASPC and every day they are full of "price updates" ie people reducing their properties. I'm also seeing properties coming on that have only been purchased within the last 2 years - people still losing their jobs (and obviously losing a lot of money) 55 Garthdee Farm Gardens has just been reduced, now asking £630k. Last sold for £700k 2 years ago. Vendor might have to reduce to £550k for all we know. It's all about supply and demand and there's lots of supply at the moment. No one needs to be making rash decisions that they'll regret in future. https://www.aspc.co.uk/search/property/359305/55-Garthdee-Farm-Gardens/Aberdeen/

Some homes have had a 5% fall after the vendors have spent £50k adding an extension or £30k on internal refurbishment. Some homes have fallen 20% and haven't had anything done. Some haven't fallen at all (naive purchasers). At a record of over five and a half thousand properties for sale in the area it really is a buyers' market. Some buyers are just being a bit too keen and need to remember that asking price and selling price are two completely different things at the moment.

Steve Keen is at Kingston University now (incase anyone is interested) http://www.debtdeflation.com/blogs/

I wonder what the service charges are like? They are advertising a "cinema room" (who needs that nowadays?) and a gym (they are directly across the road from a huge gym). It just looks like a huge lump of flats.

This is one of my favourite overpriced properties https://www.aspc.co.uk/search/property/328563/141-Queens-Road/Aberdeen/ 141 Queens Road "OCCUPYING A DESIRABLE POSITION WITIHIN A QUALITY WEST END DEVELOPMENT BY STEWART MILNE HOMES." (who knew there was such a thing!) Fixed price £375. This is a £200k (at maximum) little bungalow, with no privacy, in an ugly Stewart Milne development.

Race to the bottom going on rental wise at Oakhill Grange. 79 (purchased for 400k) not selling. Now for rental at circa 1050.00 https://www.aspc.co.uk/search/property/358395/79-Oakhill-Grange/Aberdeen/

Sorry, somehow I was logged out of this site and didn't get notifications. Don't use Property Bee anymore but I get a summary from ASPC on a daily basis. Can't remember how I set it up but it tells me when a property has been reduced (happening all the time these days) and when a property has come back on the market as the sale falls through.

They paid £400k for it in 2015

some are even reverting to Airbnb https://www.airbnb.co.uk/rooms/7930762

Oakhill Grange is having its problems 79 can't sell for £320k (what a surprise) https://www.aspc.co.uk/search/property/353551/79-Oakhill-Grange/Aberdeen/ so they're trying to rent at £1150 pcm https://www.aspc.co.uk/search/property/358395/79-Oakhill-Grange/Aberdeen/ and 51 Jura House was under offer but no longer. No longer under offer a property that you have saved in your wishlist has been updated, please see the new details below. ASPC ref. 356471 51 Jura House, Oakhill Grange, AB15 5EA Aberdeen https://www.aspc.co.uk/search/property/356471/51-Jura-House---Oakhill-Grange/Aberdeen/

Thank you. I agree.

I too have noticed all the "no longer under offer" on previously under offer places. I'm guessing that the lenders are being cautious (for once)? in anticipation of bigger drops.

Average rent down by 28% in Aberdeen says P & J https://www.pressandjournal.co.uk/fp/news/aberdeen/1288309/rent-caps-could-be-introduced-in-aberdeen/ "But new figures seen by the Press and Journal indicate the average rent between 2014 and this year has collapsed by 28% as the region feels the full effects of the downturn in oil and gas. The average rent of a one bedroom flat in the city is now £498 per month, down 13.2% from last year."

No, that's just happening in Aberdeen at the moment. Not here (yet)

When/if you do find something you like bear in mind that the market is not moving as fast as it used to be. I've spoken to a few EAs in the past month or so and they all say that the market is slowing. Two has specifically mentioned New Malden (don't know if that is of interest to you). One said to me that I shouldn't be worried about making an offer (meaning low offer).

She'll tell it how it is. I don't know that area at all apart from driving up that road to go to ...I think it's Homebase or something similar. Wouldn't be a nice main road to walk down because of traffic but maybe you are a constant driver. TBH I think it would be more pleasant for you down nearer town.

Still for sale after nearly three years and now valued at £400k. Someone will probably pick this up eventually for low £300s if they don't mind living on a horrendously busy road. 16 North Anderson Drive now po 400k.pdf

I vaguely know Surbiton, I live nearby. Surbiton is very safe. The first flat looks great and in a good area. Sadly, after many many years of waiting for the crash, I too have come to the conclusion that the Government won't allow that to happen. I think the best we can hope for is sticking prices or low reductions. It's stupid money for a one bedroom flat...we all know that but what are the options? Have you checked out the lease and service charges and ground rent? Annoys me greatly that this isn't in with all the EA bumpf at the outset. Annoys me more that England still has such an outdated freehold system.

I've just been chucking out some paperwork. I sometimes print out some of the more "interesting" ASPC properties and check to see what they actually sell for. Lots of examples of purchasers getting wise and buyers are realising that "Fixed Price" doesn't actually mean anything. (143 Oakhill Grange fixed price 525k - sold for 436k) (49 Cranford Road fixed price 415k - sold for 405k: not a great discount but bear in mind it sold for 465k a couple of months before that and for 469k in 2011)

Thurcroft is not overlooked and instead is part of a small enclave of individual, high value, purpose built dwellings between the country estates of some of Aberdeenshire's successful oil barons and entrepreneurs. https://www.aspc.co.uk/search/property/355181/Thurcroft-House/Aberdeen/ Who writes guff like this? Oil barons, really?

Bet they don't. Raeden Park Road is a rat run for cars going to ARI. Not one of the nicer AB15 roads.

The vendors are totally delusional if they think they are going to get more than the valuation. It's just now happening in Aberdeen these days. It's a bog standard house with a very ugly front garden too. What on earth is that bunker on the driveway?