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House Price Crash Forum


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About mcskiver

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  1. Been renting in St Albans and looking to buy for over 2 years. Post 2008 prices rocketed, but it seems now that most property just isn't selling. Lots of crazy asking prices followed be either reductions or temporary removal from the market. One prime example is a house currently on Upper Culver Road (or Culver Street?). I think it's about £450-470k at the moment. It's actually been for sale for over 2 years, but occasionally gets taken off the market and brought back on at a different (sometimes higher) price. Obviously trying to give the impression it's just come on the market. Seems to be g
  2. Thanks for all the replies. To be honest I daresay condensation did contribute to the problem, but the fact that there were no extractor fans, there's no wall or loft insulation, and that it's on the coldest external walls would suggest that it's not all our fault. We've come to a similar conclusion that in reality we're just going to have to move, for the sake of our son if not ourselves. We owned a stone-built property in the north-east for 3 years before we moved here, and never had any of these problems, so I don't think it can all be attributed to our poor upkeep... Anyway, thanks for
  3. Hi, We've had a problem in our rented house for around 2 years with black mould in the bedrooms caused by condensation. Our landlord is very slow at reacting to any repair requests (or rather, the letting agent is. Not sure how much is them vs the landlord to be fair), but eventually we get things done to some extent. We had an extractor fan fitted in the bathroom and kitchen and we thought that might be the end of it. Around a month ago, I discovered that in my baby's room (he's 15 months old) there were still 2 large patches of mould on the walls, behind the furniture. I've now cleaned the
  4. Didn't know that was Bedfordshire, that's interesting. As for the price, I agree it's quite high, but for me this is quite a unique property (God i'm starting to sound like an EA) so personally I would take more of a risk on a property like this rather than wait until next year and hope that something like this comes on the market. But it's all a personal thing. I've been renting for 2 years now and although I expect prices to drop further, I don't expect to see many properties like this in such a rural location yet close enough to commute into central London. Thanks for the information thou
  5. This is the one: http://www.rightmove.co.uk/property-for-sale/property-23677660.html?minPrice=375000&maxPrice=400000&maxDaysSinceAdded=14&minBedrooms=3&displayPropertyType=houses&radius=0.25&oldDisplayPropertyType=houses&includeSSTC=true&_includeSSTC=on&pageNumber=1&fromSummary=true&backToListURL=%2Fproperty-for-sale%2Ffind.html%3FlocationIdentifier%3DREGION%255E597%26minPrice%3D375000%26maxPrice%3D400000%26maxDaysSinceAdded%3D14%26minBedrooms%3D3%26displayPropertyType%3Dhouses%26radius%3D0.25%26oldDisplayPropertyType%3Dhouses%26includeSSTC%3Dtrue%26
  6. Bit baffled by these comments on Harpenden. I've seen a property just last week that was so dramatically underpriced I was going to go for it, but it sold the same day. Seemed like a deliberate ploy to me as any idiot could see it was going to be extremely desirable. Apart from that, most of the properties on my radar (£300-450k) have been hanging around for months, and some with price drops in the last few weeks. No sign of desperation according to Rightmove.... This one recently knocked 25K of the asking price: http://www.rightmove.co.uk/property-for-sale/property-22570207.html?minPrice=32
  7. Thought i'd post a quick update on how i'm seeing things around St Albans. I recently viewed a property that had been bought in 02 for £220k, and was now on the market for £375k. It was clear the place still needed work and had barely been touched since it was bought. The EA was dismissive when I said it was at least £75k overpriced, but it subsequently got taken off the market. A similar house on the same road went up at the same time for £475k!! Surprisingly enough that was taken off the market too. I still get emails from various EAs about new properties, and of course keep my eye on
  8. I've found that, for the most part, properties stay on the market for at least a few months. In most cases they're dropping massively from their initial asking prices too. However, most EAs are still being really bullish about asking prices and increasing them, as you've found. This seems to be working with the very best properties because there's so little supply. I'm hanging on though - as you can see from the Land Registry, you're not missing out on anything by waiting, it's only the asking prices that are going up, not the sold prices! However, the bonus might be that the increase in askin
  9. What a bunch of charlatans these EAs are. I've been watching a few properties in south St Albans, and despite properties being for sale for over a year, and a couple being sold at almost 20% below asking price, new properties are still coming on at higher prices. They're not selling for ages, and when they do, it's at these massively discounted prices. Of course you'd only get this info from the Land Registry, so it doesn't get very well noticed or reported, but the fact is that there's no basis for prices going up at the moment in St Albans. They're just chancers.
  10. Had a call from Hamptons offering me this house for £400K a few months back, now they've put the price UP by 50K.... Hilarious.... It's a nice enough house, but if it isn't selling for £450,000, why would it sell for £500,000?? http://www.rightmove.co.uk/property-for-sa...3Ftype%3DBUYING
  11. Absolute lunacy. 2007 price for this house in St Albans that's in some kind of 70's time warp. Maybe you're paying for the nostalgia factor?? This is the kind of property that makes me want to call the EA and berate them for the sheer cheek... http://www.rightmove.co.uk/property-for-sa...en%26index%3D40
  12. Jesus, we're renting a 3-bed semi with a garden for less than that at the moment. We obviously live in the "wrong" part of St Albans...
  13. Erm...the market is dictating where the price lies, that's why they're all still for sale. I agree the odd property still gets a good price, i've seen it happen a few times over the past year, but the overall trend remains. Anyway, my point was just that the media suggest something is happening in the market, whereas my anecdotal evidence shows that what they are reporting is people's "desires", which aren't necessarily related to real transactions. Therefore it isn't news - except for those trying to talk up the market.
  14. This talk of increases in asking prices just makes me laugh. I keep an eye on a particular band of properties on Rightmove (300-400K, 3 bed houses with a garden and parking). In the last 2 weeks 9 properties have gone on the market. True enough, their prices are high compared to much of what's already out there, but that's the point. There are over 100 other properties in that search, and probably 50% of them have been on the market for at least 6 months, many of them have been on the market for over a year. I know i'm preaching to the converted, but it is ridiculous that the media report st
  15. I had a call from an EA the other day about a property that was on the market for £450,000. He told me that they'd consider offers 50K below that and "to ignore the asking price", which was interesting.... I suppose what we're seeing mostly is just a lack of movement, precisely because people aren't dropping their asking prices.
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