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House Price Crash Forum


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Everything posted by Bankside

  1. Sold 2011 for £1,100,000. That's not much of an uplift in 10 years. And it's still not sold.
  2. It's now divided into 3 lots with the same total asking proce...
  3. I realise this isn't for many people but £550 PSF is way down on 2016 prices. It's getting close to good value. (I'd be concerned about the Service fee though!)
  4. I lived in this area for 10+ years and know this building. You would have been paying in well in of £1K per sq/ft back in 2015 so this one is really showing what's happening out there. This almost looks like good value. (Ducks head!)
  5. Thanks for the reminder and all the hard work. It's a great add-in that really helps. Donated.
  6. GUIDE PRICE OF £850,000-1,250,000. What on earth!
  7. Unlikely to get out without a loss once costs are taken into account. The previous owner however...
  8. Obviously if the outcome is a good one then it's defintely going to be down to the savvy investor's skill and knowledge and no one is going to take that away from them! It would also be fully deserved as they "took the risk"!
  9. https://www.theguardian.com/business/2020/jun/17/nationwide-triples-minimum-deposit-for-uk-first-time-buyers Headline talks about First time buyers but in the text it states - Nationwide said the 15% minimum deposit would apply to all new house purchase, remortgage and first-time buyer applicants. This might be challenging for existing borrowers coming to the end of their fixed % period.
  10. Seems the only people profiting from HTB are the builders. Who knew?! https://www.which.co.uk/news/2020/06/exclusive-one-in-seven-help-to-buy-homes-lose-value-despite-local-house-prices-soaring/
  11. I know nothing of the area Mike but it looks very nice on the sunny day the photos were taken! It's been on the market for a while with slow decreases in price. It's not gone up too much in the last 16 years either
  12. Thanks for all of your hard work GB it's much appreciated. I've added a further contribution to help with the costs. Bankside
  13. I used this website when I wanted an EBay item delivered. It worked well for me as it links you up with delivery companies that can share their costs across a number pieces of work https://www.shiply.com/how-it-works
  14. What this fails to mention is that the properties previously bought by Chinese investors have devalued by 11% (and rent too). Not such an attractive proposition.
  15. Someone is going to nurse a bad hangover for this one https://www.rightmove.co.uk/property-for-sale/property-70051195.html Price Change History 10/09/2019 Price Changed: £899,999 £800,000 16/07/2019 Price Changed: £960,000 £899,999 21/05/2019 Price Changed: £999,999 £960,000 14/02/2019 Initial entry found. Year Sold Sold Price 2015 £958,000
  16. They are selling lots! (of plots without planning permission)
  17. Buying off plan certainly didn't work out this time... https://www.zoopla.co.uk/new-homes/details/47944391 £245,000 under the orginal contract price and still not sold This one is almost certainly going to go under 2013 purchase price https://www.zoopla.co.uk/for-sale/details/48409183 23rd Feb 2019 £950,000 Price reduced by £40,000 9th Jul 2018 £990,000 Price reduced by £109,950 29th May 2018 £1,099,950 Price reduced by £50 29th May 2018 £1,100,000 First listed 27th Sep 2013 £950,000
  18. Here's another https://www.zoopla.co.uk/for-sale/details/48209195 9th Apr 2019 £799,999 Price reduced by £50,001 15th Feb 2019 £850,000 Price reduced by £49,999 30th Aug 2018 £899,999 Price reduced by £100,000 28th Aug 2018 £999,999 Price reduced by £150,001 2nd Jul 2018 £1,150,000 £1,400 sq/ft was kiteflying, now it's £1,000 and that would have worked two years ago but not any more. It looks ex rental - those voids much be hurting. But that nice man from Foxton's said I'd get it no problem!
  19. I agree. The place I linked to above is now good value at £900 sq/ft especially when you include the outside space and parking. (I know it’s not to everyone’s taste but it’s a very popular area) of they had put it on the market for that or for £1000 sq/ft back in 2016 they could have had a bidding war. Still, The voids don’t appear to be biting yet!
  20. We've all seen some great kite flying so I thought I'd start a thread on those determined to be "not giving it away" and then constantly being behind the market. Here's a great example. In 2016 the market was still motoring along, and perhaps in previous times, it would have caught up and this place would have sold. But no... someone was being a bit too greedy, and needs to wake up a smell the coffee. 2 Bed Penthouse - SE1 Price history Sold prices provided by Land Registry 2nd Mar 2018 £900,000 Price reduced by £50,000 18th Jul 2017 £950,000 Price reduced by £45,000 9th Feb 2017 £995,000 Price reduced by £55,000 4th Nov 2016 £1,050,000 Price reduced by £100,000 5th Oct 2016 £1,150,000 Is anyone else seeing similar in their areas? Bankside
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