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West Cornwall - Nothing New On The Market For A While


Charlie Don't Surf
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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????

Edited by tennaval
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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

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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

No, not out of touch at all. I reckon it is a load of second home owners (it being Carbis Bay) all deciding to cash in their 'retirement funds' What they have failed to grasp is that due to demographics their kind of property isn't in demand and all the other baby boomers have had the same idea.

On a related note. I drove through Lelant the other day and I have never seen so many for sale signs anywhere. I reckon over half the houses on the main street were for sale

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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

Edited by tennaval
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More 'Miller Magic':

http://www.rightmove.co.uk/property-for-sale/property-21842199.html £440k

Ha ha ha ha ha ha!

When are these old gits going to get it into their heads that prime locations for the over 70s is no longer prime. Also, it being in Lelant, you can forget the supply and demand argument - practically every other house is for sale.

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  • 2 weeks later...

http://www.rightmove.co.uk/property-for-sale/property-21958482.html

Ever dreamed of becoming a slum landlord? Don't miss out on this unique opportunity to acquire one of Penzance's finest crack houses...

When I walked past there last week there were several guys in suits wearing blue gloves and someone in a hoody being lead into a police car. That can only add value!

I heard this place was owned by multi-millionaire Ezra Chapman. If that's the case it's lovely of him to put a little back into the community

Edited by Charlie Don't Surf
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http://www.rightmove.co.uk/property-for-sale/property-21958482.html

Ever dreamed of becoming a slum landlord? Don't miss out on this unique opportunity to acquire one of Penzance's finest crack houses...

When I walked past there last week there were several guys in suits wearing blue gloves and someone in a hoody being lead into a police car. That can only add value!

I heard this place was owned by multi-millionaire Ezra Chapman. If that's the case it's lovely of him to put a little back into the community

Does that explain the lack of internal photos?

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Does that explain the lack of internal photos?

I'm sure the interior is too a high standard and a credit to the owner... It just might take too long to airbrush out any evidence of the tenants.

Here's this week's 'Miller magic' offering:

http://www.rightmove.co.uk/property-for-sale/property-21960486.html I'd find it a tough choice between this bungalow and a substantial Georgian townhouse or period farmhouse!

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Here's this week's 'Miller magic' offering:

http://www.rightmove...y-21960486.html I'd find it a tough choice between this bungalow and a substantial Georgian townhouse or period farmhouse!

Thats a shocker! No surprise it's.......Miler Country Wide

At least you won;t get burgled, no self-respecting burglar would go anywhere near that dump.

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  • 2 weeks later...

After a brief but delusional kite flying attempt courtesy of Miller Countrywide (to get the instruction?) this ones bowing to the inevitable reality and on the slide with a £65,000 reduction.....decent start but still a very long way to go......reckon 350,000 tops

Miller Countrywide - never knowingly undervalue

Edited by tennaval
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  • 3 weeks later...
  • 3 weeks later...

Half price!

Down from a ludicrous £1.5 million. I think we agreed that £800k was current market value for this one:

http://www.rightmove.co.uk/property-for-sale/property-33709936.html

Now they need to discover that houses of this size and price are NOT selling at current market value.

Very nice but I can't believe that was ever on at £1.5m. These type of houses are likely to seriously undershoot now there is no prospect of capital appreciation.

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Heres another beauty folks........Commercial Road Hayle (gorgeous highly sought after area, AKA St Ives borders etc) , An absolute snip at £350,000....

http://www.rightmove.co.uk/property-for-sale/property-37679024.html

would anyone really pay more than £250,000 ???

£250k would be generous. Most of Hayle's redeeming features are not in Hayle!

Here's an equally overpriced one from Marazion - home to an abundance of (unsold) overpriced properties

http://www.rightmove.co.uk/property-for-sale/property-37727468.html

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First thing I noticed was the cheap kitchen.

I thought cornwall was built on granite?

In fact, the radon level may be a concern to many,

Anyway, that work surface may work in some places, but it is so out of place imo.

Strange how some people think they can belong to an area without getting the basics right.

Price is now at £324,950 (which is just about enough to give £25,000 to the kitchen)

I'm used to buying and selling at a lot more than this price but always try to keep an open mind on value.

I don't see this place has much for the area

.

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  • 2 weeks later...

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?

Picture 1.png

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

Edited by tennaval
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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.

At least with the traffic calming measures, if you trip over the threshold you'll only get run over by a cyclist!

On a different note, here's one I quite like:

http://www.rightmove.co.uk/property-for-sale/property-36772451.html?premiumA=true

Been on for a while though. I'd be interested but there's no way my missus will move more than a couple of miles up the road.

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