Jump to content
House Price Crash Forum

West Cornwall - Nothing New On The Market For A While


Charlie Don't Surf
 Share

Recommended Posts

  • Replies 251
  • Created
  • Last Reply

Top Posters In This Topic

  • 2 weeks later...

http://www.rightmove.co.uk/property-for-sale/property-29460769.html

£569k for a pebble dashed 3 bed with attic room - [email protected]!

The pictures also conveniently omit the fact that it is about 20 feet from Penzance's biggest, ugliest building - the 7 storey 1960s Penlowarth!

I reckon this one is about £150k overpriced even by today's ridiculous standards

Link to comment
Share on other sites

http://www.rightmove...y-29460769.html

£569k for a pebble dashed 3 bed with attic room - [email protected]!

The pictures also conveniently omit the fact that it is about 20 feet from Penzance's biggest, ugliest building - the 7 storey 1960s Penlowarth!

I reckon this one is about £150k overpriced even by today's ridiculous standards

That area of PZ is very alluring on a sunny day, lots of "nice" looking houses, attracting gentile retirees and wannabe patrician types vainly in search of cachet. But looks deceive, scratch the veneer and its a different story. No real gardens, parking nightmare, and an ever present cocktail of social problems and petty crime facilitated by a matrix of back alleys. Anyone wanting to buy in the centre of PZ should first visit on a Friday/Saturday night to make sure it still accords with their fantasy! Agree its overpriced, why would anyone in their right mind pay over 400k for it?

Link to comment
Share on other sites

That area of PZ is very alluring on a sunny day, lots of "nice" looking houses, attracting gentile retirees and wannabe patrician types vainly in search of cachet. But looks deceive, scratch the veneer and its a different story. No real gardens, parking nightmare, and an ever present cocktail of social problems and petty crime facilitated by a matrix of back alleys. Anyone wanting to buy in the centre of PZ should first visit on a Friday/Saturday night to make sure it still accords with their fantasy! Agree its overpriced, why would anyone in their right mind pay over 400k for it?

Also, I know of 2 families who have lived in this house in the past. Both were just normal, low earning, Penwithite vaguely boho types. Now, you'd have to be in the top 0.5-1% of local earners to have a chance of getting this kind of money together.

And as you point out, Pz has more than its fair share of junkies, traffic wardens and pubs - the worst of which (The 7 Stars) is spitting distance from here. I once drove past this house with a drinker from that pub on the bonnet of my car after he refused to move out of the road (don't worry, he got off in one piece!)

Link to comment
Share on other sites

Might have been better to wait for a sunny day before photographing and listing????........the house needs all the help it can get.....:rolleyes:

Ditto this one . Would you use Miller and co if this was how they advertise your house? Take a tip guys you're selling a dream not a nightmare!

Edited by tennaval
Link to comment
Share on other sites

Down to £369k from £420k - http://www.rightmove...y-26652493.html

Now it's just priced correctly in an overpriced market

Despite the rather self conscious "ground force" garden design its quite a sweet house with the rare bonus in Newlyn of parking. Should imagine quite a bit of first gear road noise from other residents of old paul hill. Price still a bit frothy imo but certainly less silly than before.

Edited by tennaval
Link to comment
Share on other sites

  • 3 weeks later...
  • 4 weeks later...
  • 3 weeks later...

I honestly think this is one of the most ridiculously over priced houses I have ever seen......hideous....architecturally bankrupt........no redeeming features whatsoever.......please tell me no one will pay over £200,000 for it...???????

Edited by tennaval
Link to comment
Share on other sites

I honestly think this is one of the most ridiculously over priced houses I have ever seen......hideous....architecturally bankrupt........no redeeming features whatsoever.......please tell me no one will pay over £200,000 for it...???????

You may have a winner there! I'd hope the vendors chose that price. Pretty grim on top of that hill in the winter too

Almost tempted to email the agents and suggest they might have made a mistake:

[email protected]

Link to comment
Share on other sites

Whats your current view on the Penwith market Charlie? (i'm not down there)

There's been a brief spell of properties coming onto the market. Hardly a flood though and not really much I'd want to buy whatever the budget. Seems like other people feel the same as barely anything is selling and plenty of reductions. E.g:

http://www.rightmove.co.uk/property-for-sale/property-26652493.html £420K - £350K

http://www.rightmove.co.uk/property-for-sale/property-11659479.html £695 - £635 (although I'm sure it was £795k originally)

Still lots of sellers not getting it though. Over a year on the market and no reductions are pretty commonplace

Link to comment
Share on other sites

There's been a brief spell of properties coming onto the market. Hardly a flood though and not really much I'd want to buy whatever the budget. Seems like other people feel the same as barely anything is selling and plenty of reductions. E.g:

http://www.rightmove...y-26652493.html £420K - £350K

http://www.rightmove...y-11659479.html £695 - £635 (although I'm sure it was £795k originally)

Still lots of sellers not getting it though. Over a year on the market and no reductions are pretty commonplace

Thanks, chimes with what i imagined. Unless interest rates rise this stalemate could continue for a while until real values deflate via inflation. Will review next year.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.