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tennaval

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Posts posted by tennaval

    West Cornwall - Nothing New On The Market For A While

    in England - South West

    Posted · Edited by tennaval

    More Marazion overpricing:

    http://www.rightmove...y-37821056.html

    £500k ?? Maybe the vendors need to ask themselves how much it would be worth if it wasn't a converted chapel.

    yes, saw that one, completely insane. This kind of quasi malibu "cornification" , is the small time developers lifestyle "look" of the moment....lets just forget the fact its rains 364 days a year and its on a road, with a patio the size of a stamp.

    Hard to believe...... that someone paid £400,000 in Nov 2007

    will it get over £300,000?

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    post-17752-0-59976000-1336642690_thumb.png

    West Cornwall - Nothing New On The Market For A While

    in England - South West

    Posted · Edited by tennaval

    At the best of times I struggle to understand or comprehend property prices in Mousehole (or St Ives), even though I appreciate there is a strong holiday let potential. This cottage is a prime example..... now reduced to £475,000.....think about it......a sweet but smallish cottage with one decent sized bedroom and no garden....its view of the harbour obscured by traffic and shoals of tourists traipsing past the windows....

    The selling history reveals the eye watering inflation of the boom and the inevitable bust...the buyer in 2002 made £295,000 in just 4yrs ..... thats approx 12 times the average National wage (a staggering rise of £73,750 for each year of ownership, bear in mind the average local salary is probably circa £14000! ) notwithstanding they probably recouped some of the original outlay with rentals .....Whereas now the current owners look like they are going to have to take a big hit......I honestly cannot fathom why anybody would pay more than £300,000 for it, at least at that price point as a business it could maybe scrape a 5% yield????

    Sold 29/09/97 = 105,000

    Sold 17/03/99 = 120,000

    Sold 8/12/2002 = 230,000

    Sold 11/01/2007 = 527,000

    West Cornwall - Nothing New On The Market For A While

    in England - South West

    Posted

    This property has bobbed to the surface again today after Harding Laitys relisting frenzy. Is anyone really daft enough to pay anywhere close to £450,000 for this ? I would say max 225,000 for the house (which apart from being plug ugly still clearly needs considerable money spent on it) and a max of 50k for land and out buildings......or am I really so out of touch?

    http://www.rightmove.co.uk/property-for-sale/property-36772499.html

    West Cornwall - Nothing New On The Market For A While

    in England - South West

    Posted · Edited by tennaval

    Well for a little extra you could have this architectural gem.

    "Built in the 1980s bungalow with a shed on top style this well presented property is conveniently positioned in the middle of nowhere. Exceptional views of nowhere and arbitrary countryside are only enhanced by perma-drizzle..."

    http://www.rightmove...y-21684711.html

    Holy cow !! Thats the king of all "proper jobs"....just so wrong is so many ways.....

    Why does this hideous stuff continue to come on at such stupid levels....please tell me nobody is paying these daft prices.... are they????

    West Cornwall - Nothing New On The Market For A While

    in England - South West

    Posted · Edited by tennaval

    Wonder how many "offers in excess of £300,000" Lillicrap are expecting on this one??? It's not without its charms....plenty of windows for the new buyers to watch the traffic whining up the hill not to mention the delightful Fire Engine pub on your doorstep.....and what's that we see in the front garden on Street View??? Previous agents Miller Country Wide sale boards.....round and round we go on the delusional carousel ..... fortunate to get an offer in excess of £200,000........(Have just noticed on Zoopla this was previously listed in March 2009 for £355,000! Purchased 2004 for £195,000)

    http://www.rightmove...y-21702012.html

    West Cornwall - Nothing New On The Market For A While

    in England - South West

    Posted

    http://www.rightmove...y-36301928.html

    Oh F*** off! Best part of half a million £ for a hideous, dated, poorly maintained bungalow in a nowhere village with a council estate and no shops.

    Seriously they would be lucky to get a viewing at half that price. Tw@ts!

    Miller country wide again....their valuations are prone to fantasy.....but at least they didn't take pictures of this prime real estate with a cheap camera in the rain.....rolleyes.gif

    Land Reg -0.3% Mom / -2.6% Yoy

    in House prices and the economy

    Posted · Edited by tennaval

    remember it reflects August. And follows on from the -0.3% that reflected July. If this is what the summer's been like, then I would imagine Autumn is going to see further, and faster falls.

    I would have thought that todays figures that are made up from sales registered in August/September reflect sale prices that would have been agreed around May/June, which is peak selling season, it will be interesting to see if the next few months correspond to the deterioration in sentiment ie double dip neurosis, eurozone melt down etc as it gathers pace.......

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