Southport

[Lazybones]

Good spot, will be interesting to watch what this one goes for. Just outside Southport I noticed this £85K drop in Lydiate http://www.rightmove.co.uk/property-for-sale/property-26436566.html

Falling in formby http://www.rightmove.co.uk/property-for-sale/property-23941249.html down from £485K in Jan to £400 now. Still £100K overpriced in my view.

http://www.christinsley.co.uk/residential_sales/100040291/100040291.html this one has been on the market for a long time just changed agents but not the price, last sold for around £550K in 2007, no real work done since then other than new wallpaper.

[The Knimbies who say No]

nice. Am seeing quite a few reductions appearing, and very little selling.

I was in Southport a couple of weekends ago(Bank holiday weekend) for a look around. Lively place in the town centre, and I like the wide streets. Had a window seat at 'Nostalgia' tearooms so was quite pleasant watching the world go by on a scorching day.

Had a look (from the outside only) on Burlington Road in Birkdale (PR8 4RX). There are four house which all appeared in 2009:

http://www.rightmove.co.uk/property-for-sale/property-13570530.html

http://www.rightmove.co.uk/property-for-sale/property-27670742.html

http://www.rightmove.co.uk/property-for-sale/property-12694731.html

http://www.rightmove.co.uk/property-for-sale/property-13835508.html

Hopefully these will drift down in price in due course.

One of the Burlington Road quartet has gone 'under offer' today, will they complete the sale? The rest are unchanged.

http://www.rightmove.co.uk/property-for-sale/property-12694731.html

Also, get in quick or you'll miss it..?!

http://www.rightmove.co.uk/property-for-sale/property-28182857.html

Edited June 19, 2010 by cheeznbreed

[The Knimbies who say No]

http://www.rightmove.co.uk/property-for-sale/property-29181593.html

7 Crescent Road by the looks of it (number on gateposts, viewed by Google Streetview. On for £299k

The adjoining house, 5 Crescent Road, sold for £270,000 in July 2007.

[The Knimbies who say No]

One of the Burlington Road quartet has gone 'under offer' today, will they complete the sale? The rest are unchanged.

http://www.rightmove.co.uk/property-for-sale/property-12694731.html

Seems the Burlington Road house I mentioned as being under offer has had its description changed in the meantime. Is this normal?:

http://www.rightmove.co.uk/property-for-sale/property-12694731.html

Another sale about to fall through?

Edited June 25, 2010 by cheeznbreed

[The Knimbies who say No]

Here's a repo in Bright Street, Southport:

http://www.rightmove.co.uk/property-for-sale/property-30388424.html

It's number 39 (via Google Streetview), last sold at the height of the boom in August 2007:

6 06/08/2007 £150,000 Semi F No Map 39, Bright Street, Southport, Merseyside, PR9 7AB

Seems a bit optimistic at £139k

[The Knimbies who say No]

2009 ended with 918 sales.

114 declared so far in 2010.

245 sales so far in 2010 now. This data should be complete for sales which occured in the first quarter, of which there were 158 entries.

[kinesin]

Thanks for updating this thread cheeznbread, allow good to see what's happening (very) locally.

[The Knimbies who say No]

Thanks for updating this thread cheeznbread, allow good to see what's happening (very) locally.

No problem. Lazybones is the real 'man on the ground' tbh, he knows a lot more than I about the area.

Is this a distressed seller in Freshfield? Listed at £499k in March, the price was reduced by £30k in May and has been reduced by a further £40k today. I cannot find a last sold price for the house (17 Green Lane L37 7DJ)

http://www.rightmove.co.uk/property-for-sale/property-28461992.html

Edited June 30, 2010 by cheeznbreed

[Lazybones]

http://www.southportvisiter.co.uk/southport-news/southport-southport-news/2010/07/02/land-registry-figure-show-rise-in-sefton-house-prices-101022-26768839/

Land Registry figure show rise in Sefton house prices

Local EA's and newsagents are pushing this story hard, I can't help but feel that the 5% rises apply to some of the more lower priced areas of Sefton, some of the EA comments are brilliant:

<Quote from article>

Tina Morris, manager at Lynn Thompson Estate Agents, on Post Office Avenue, said: “Every month is different, we never know what is going to happen next. We will get a flurry of activity, then all of a sudden it stops.

“Until the banks start lending again people are stuck in a catch 22 situation. There has been too many negative things happening, so the market it just at complete unease.

“But if you have got a realistically priced house it will sell because there are buyers out there – just very few in comparison to a normal market.”

Nigel Bailey, from Bailey Estates on Liverpool Road, Birkdale, agreed. He said: “Business is getting busier and we are selling more properties month-by-month but only ones that are realistically priced.

“Some vendors are still holding out for 2006-2007 prices, which was when the market was peaking.

“If no one is walking through your door and we have done all we can to market it, the reason it is not selling is just down to pricing.

<End quote>

The following story was in the Echo the other week:

Average Liverpool house prices down £25,000 as city fails to benefit from national rise

http://www.liverpoolecho.co.uk/liverpool-news/local-news//tm_headline=average-liverpool-house-prices-down-pound-25-000-as-city-fails-to-benefit-from-national-rise%26method=full%26objectid=26753895%26siteid=100252-name_page.html

[Lazybones]

Based on the above comments from the EA's my advice to them would be to check the land registry figures for the houses they have up for sale and ask the sellers to adjust their asking prices accordingly. Example the most expensive roads in Southport are Selworthy, Westbourne, Waterloo etc, the most expensive house sold on Selworthy went for £1.1m but there are a number up at closer to £2m now, Westbourne most expensive house sold in 2008 £800K now several at close to or over £1m. This would make the rest of the area follow and people would stop asking £300K+ for 3bed semis on ok roads.

[The Knimbies who say No]

Based on the above comments from the EA's my advice to them would be to check the land registry figures for the houses they have up for sale and ask the sellers to adjust their asking prices accordingly. Example the most expensive roads in Southport are Selworthy, Westbourne, Waterloo etc, the most expensive house sold on Selworthy went for £1.1m but there are a number up at closer to £2m now, Westbourne most expensive house sold in 2008 £800K now several at close to or over £1m. This would make the rest of the area follow and people would stop asking £300K+ for 3bed semis on ok roads.

Indeed. As if to prove your point, 46 Hartwood Road has appeared as a new sale at £320k(albeit a five bed detached):

http://www.rightmove.co.uk/property-for-sale/property-16435854.html/svr/1712;jsessionid=9D8245A27A38DFCB5AD2DDB4B6D7E330

last sold twice recently (Zoopla)

30th Jul 1999 46 Hartwood Road, Southport PR9 9AW £87,000

29th Jun 2005 46 Hartwood Road, Southport PR9 9AW £250,000

Seems like it's had a spruce up from the current owners, but is it really worth 70k more than five years ago, and thirteen times average salary?

Edited July 6, 2010 by cheeznbreed

[The Knimbies who say No]

Also, 6 Cornwall Way, Ainsdale PR8 3SG, on for £242k

http://www.rightmove.co.uk/property-for-sale/property-30458954.html

Last sold in 2002:

27 27/09/2002 £125,000 Det. F No Map 6, Cornwall Way, Southport, Merseyside, PR8 3SG

RPI change from Sept 2002 to today (25%) would indicate a price of £157k

Edited July 7, 2010 by cheeznbreed

[The Knimbies who say No]

and 7 Rutland Road, on for £430k, 4 bed detached:

http://www.rightmove.co.uk/property-for-sale/property-15981021.html/svr/1704;jsessionid=550042B491F8B6884E5BF0FB23E5AA24

last sold in 2005 (and is a leasehold it appears):

9 16/09/2005 £295,000 Det. L No Map 7, Rutland Road, Southport, Merseyside, PR8 6PB

Seems a bit of an optimistic, especially since the highest 'boom' price on this road was sub £400k. It is nicely decorated though, no doubt about it.

[The Knimbies who say No]

Not sure if it is related to the Halifax's HPI capitulation today, but some chunky discounts listed:

£20k drop (to £300k):

http://www.rightmove.co.uk/property-for-sale/property-29960897.html

£25k drop (£250k)

http://www.rightmove.co.uk/property-for-sale/property-15768594.html

£25k drop (£200k)

http://www.rightmove.co.uk/property-for-sale/property-15843237.html

£15k drop (£225k)

http://www.rightmove.co.uk/property-for-sale/property-15789909.html

Maybe EAs have been calling round..

[The Knimbies who say No]

Is this the most bonkers-priced semi in Freshfield?

http://www.rightmove.co.uk/property-for-sale/property-16512351.html

Listed at £284k, but the sales data for this road has nothing more than £235k for a semi (the well flipped no 12 Massam Lane, accounting for the last three sales!):

http://www.houseprices.co.uk/e.php?q=L37+7BE&n=100

[Lazybones]

Is this the most bonkers-priced semi in Freshfield?

http://www.rightmove.co.uk/property-for-sale/property-16512351.html

Listed at £284k, but the sales data for this road has nothing more than £235k for a semi (the well flipped no 12 Massam Lane, accounting for the last three sales!):

http://www.houseprices.co.uk/e.php?q=L37+7BE&n=100

Amusing post here, http://www.rightmove.co.uk/property-for-sale/property-28530320.html on at £795K willing to accept offers over £700k, I will consider the crash to be at the bottom when this falls to £500K.

Using property bee it looks like the willing to accept offers over £700K was added on the 12th and removed on the 13th, probably for EA's use only

13 July 2010

* Brief Description changed: WILLING TO ACCEPT OFFERS OVER £700,00A A beautifully presented detached family property is located within Birkdale s most desirable areas and close to Birkdale village, golf club and the coast. Accommodation briefly comprises of porch, hall, cloakroom, modern kitchen, three reception rooms, one ... bathrooms, five bedrooms one with en-s...

Edited July 13, 2010 by Lazybones

[The Knimbies who say No]

Amusing post here, http://www.rightmove.co.uk/property-for-sale/property-28530320.html on at £795K willing to accept offers over £700k, I will consider the crash to be at the bottom when this falls to £500K.

Using property bee it looks like the willing to accept offers over £700K was added on the 12th and removed on the 13th, probably for EA's use only

13 July 2010

* Brief Description changed: WILLING TO ACCEPT OFFERS OVER £700,00A A beautifully presented detached family property is located within Birkdale s most desirable areas and close to Birkdale village, golf club and the coast. Accommodation briefly comprises of porch, hall, cloakroom, modern kitchen, three reception rooms, one ... bathrooms, five bedrooms one with en-s...

haha, well at least we know. Hopefully they'll update it in the same fashion as the seller's expectations change.

Here's a nice house on Hesketh Road with a monumental price, 6-bed detached, small outdoor pool, large garden, tiny kitchen, £950k:

http://www.rightmove.co.uk/property-for-sale/property-26753287.html

It's 16 Hesketh Road, no previously sold price available but the asking price appears to be pitched some way above from any previous sold price on this road.

Edited July 14, 2010 by cheeznbreed

[The Knimbies who say No]

Deal of the day? Reduced from £210k to £175k today:

http://www.rightmove.co.uk/property-for-sale/property-24732565.html

Will try and find out more details in due course.

EDIT it's 137 Portland Street, no previous sold data. Still looks very steep for the area, especially since it needs modernisation.

Edited July 14, 2010 by cheeznbreed

[Lazybones]

haha, well at least we know. Hopefully they'll update it in the same fashion as the seller's expectations change.

Here's a nice house on Hesketh Road with a monumental price, 6-bed detached, small outdoor pool, large garden, tiny kitchen, £950k:

http://www.rightmove.co.uk/property-for-sale/property-26753287.html

It's 16 Hesketh Road, no previously sold price available but the asking price appears to be pitched some way above from any previous sold price on this road.

I had to check the calendar to make sure it was not April 1st. They must be thinking they will have to discount heavily so why not start at the very top plus 50%. Will watch this one, not worth anywhere near £500K in my book.

To back up my £500K valuation, a larger, better finished and generally nicer/better house on the corner of Hesketh Road and Argye Road went for £475 in Feb this year after being up a close to £600K with Bailey Estates, I am sure I posted a link to it at the time

27 Argyle Road,

Southport,

Merseyside,

PR9 9LG £475,000

Detached

Freehold

Not New Build 22-Jan-2010

Map (PR9 9LG)

http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&street=ARGYLE+ROAD&locality=SOUTHPORT&town=SOUTHPORT&cCode=EW&year=All&house_style=All&house_age=All&search_radius=&outcode=PR9&incode=9LD

I am sure this would not be worth £950K if it was on Selworthy Road, regarded as the best/most expensive road in the area. Having said this a lot of houses are now going up for sale on Selworthy as people try to escape after a local business man become the target of some not so friendly business men, the latter have shot up the street several times, a hand granade was used in one incident. Not the best advert for £1m+ properties.

http://www.southportvisiter.co.uk/southport-news/southport-southport-news/2009/06/08/shots-fired-at-house-in-selworthy-road-southport-92534-23815966/

http://www.southportvisiter.co.uk/videos-pics/southport-videos/2009/03/03/the-scene-on-selworthy-road-in-southport-and-at-eec-on-hall-street-101022-23053956/

http://www.southportvisiter.co.uk/southport-news/southport-southport-news/2009/03/06/shootings-at-house-of-birkdale-business-may-have-property-deal-link-101022-23075539/

http://www.southportvisiter.co.uk/southport-news/southport-southport-news/2009/07/30/two-men-in-court-over-grenade-attack-on-john-ball-101022-24279403/

Edited July 14, 2010 by Lazybones

[The Knimbies who say No]

Having said this a lot of houses are now going up for sale on Selworthy as people try to escape after a local business man become the target of some not so friendly business men, the latter have shot up the street several times, a hand granade was used in one incident. Not the best advert for £1m+ properties.

Yikes, scary stuff. Fortunately well beyond my means, I'll only be able to afford to live in a much less rough area..

Hilside, down to £295k from £320k in six weeks. I presume they've not had much interest, being a four-bed semi which looks vastly overpriced:

http://www.rightmove.co.uk/property-for-sale/property-16049934.html

[The Knimbies who say No]

£420k asking for this distinctive 4-bedder, and I was initially confused when I saw the new listing, but it's because the neighbouring property, which looks very similar is also up for sale at £350k:

http://www.rightmove.co.uk/property-for-sale/property-26808424.html

http://www.rightmove.co.uk/property-for-sale/property-30213914.html

The newly-listed house is 8 Curzon Road, and they both sit opposite a taxi rank for the hospital (via Streetview).

It was last sold six years ago:

06/08/2004 £323,000 Det. F No Map 8, Curzon Road, Southport, Merseyside, PR8 6PL

The lower priced house in number 6, last sold at peak of boom for £275k (via Zoopla.co.uk sold prices)

7th Aug 2007 6 Curzon Road, Southport PR8 6PL

The premium for no. 8 seems anomalous, but it appears to have an extension, and maybe no 6 was in a state of disrepair when sold in 2007.

[The Knimbies who say No]

Lazybones, here's another which may prompt you to reach for your calendar, this time in Formby. 4 bed detached, £540k (recent drop from £560k, has been up for sale since December):

http://www.rightmove.co.uk/property-for-sale/property-28051442.html/svr/2709;jsessionid=20B1E85CCC8DD901E8E6FEA17DE6E905

Previously sold at height of boom for a tad under two-thirds of today's asking price:

16/07/2007 £349,950 Det. L No Map 69a, Freshfield Road, Formby, Liverpool, Merseyside, L37 7BG

Edited July 20, 2010 by cheeznbreed

[The Knimbies who say No]

This one in Ash Street seems to represent decent value, relatively speaking. Price has yo-yoyed a bit from its original list price of £340k, now reduced to 'offers in excess of' £300k:

http://www.rightmove.co.uk/property-for-sale/property-27742796.html

I will be keeping an eye on it. Plenty of reductions coming through today, but also lots of well overpriced stuff too. I will be keeping an eye on this house in particular, as it appears to be a 'class leader' in price, and if it ain't shifting...

[Lazybones]

This one in Ash Street seems to represent decent value, relatively speaking. Price has yo-yoyed a bit from its original list price of £340k, now reduced to 'offers in excess of' £300k:

http://www.rightmove.co.uk/property-for-sale/property-27742796.html

I will be keeping an eye on it. Plenty of reductions coming through today, but also lots of well overpriced stuff too. I will be keeping an eye on this house in particular, as it appears to be a 'class leader' in price, and if it ain't shifting...

Hi Cheeznbreed, I have noticed the number of reductions recently. I took a look at the rental market in Southport today after talking to a friend who has just rented. Prices have risen as people cash in on the golf (ladies open) next week

http://www.rightmove.co.uk/property-to-rent/property-26737717.html £4K a week, no way and no wonder it is still available

http://www.rightmove.co.uk/property-to-rent/property-15967962.html Increased from £2K PCM to £3K PCM

http://www.rightmove.co.uk/property-to-rent/property-25800538.html £2.5K PCM,

[The Knimbies who say No]

Hi Cheeznbreed, I have noticed the number of reductions recently. I took a look at the rental market in Southport today after talking to a friend who has just rented. Prices have risen as people cash in on the golf (ladies open) next week

http://www.rightmove.co.uk/property-to-rent/property-26737717.html £4K a week, no way and no wonder it is still available

http://www.rightmove.co.uk/property-to-rent/property-15967962.html Increased from £2K PCM to £3K PCM

http://www.rightmove.co.uk/property-to-rent/property-25800538.html £2.5K PCM,

Hello Lazybones, thanks for that. I will no doubt be renting in the area when the opportunity arises, so I'll make sure I'm not looking during Open week.. ;-)

Here a house in Churchtown that lasted a full four days before the price dropped by £17k to £298k:

http://www.rightmove.co.uk/property-for-sale/property-26798770.html

I guess, although reductions are coming through, by the end of summer some sellers will be looking at the upcoming autumn with trepidation, knowing that by October they'll have little chance of selling for a further six months.