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Bury St Edmunds, Suffolk (nearly New Builds)

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Same thing were I live in Lancs, I noticed quite a few 2 or 3 yr old new builds on at 300K+ but when I looked at what had actually sold there was nothing approaching that figure for the same estates !

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After two and a half weeks an update is due:

This very overpriced house has been withdrawn. It did not sell.

This overpriced house has had a price cut from £310K to £300K. A start.

The pick of the bunch is still unsold.

As I said in my subtitle. The illusory wealth is disappearing fast.

How much will the £250K house really end up selling for - and how will this make the £325K kite flyers feel?

Tee-hee! I don't want to see Mr Average getting caught out by negative equity, but I won't shed any tears for these monkeys! How can the 300K people justify the 50K differential between their house and the other?? I wouldn't be surprised to see the 250K go for 200 - what chance does Mr 300K have??

I see our 389K chancers are still waiting for someone to bite!!

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Remember Exhibiting complete lunacy at £390K?

Now they been joined by Exhibiting even greater lunancy at £405K!

They even have the cheek to call it 'Architect designed'.

Both these houses were sold new just over a year ago at the height of the market for £340K. The first one has been sitting on the market since Easter.

They'd be doing well to achieve a proceedable offer of £300K today.

Has the Architect modelled the second one on his genitalia i wonder!!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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