PulpFiction Posted September 14, 2005 Share Posted September 14, 2005 I've been posting about this house for the last 5 months. STILL TOO MUCH !!! It came onto the market 5 months ago for £268,000 which I noted was way over valued. It got dropped to £260,000 It got dropped to £250,000 (fixed price) They changed Estate Agents and dropped it to offers over £225,000 Oh dear, now look at the price... By my reckoning that's a 20% decrease in price. Quote Link to comment Share on other sites More sharing options...
picnic Posted September 14, 2005 Share Posted September 14, 2005 I'll offer 50K if they throw in the field next door.! Quote Link to comment Share on other sites More sharing options...
busta move Posted September 14, 2005 Share Posted September 14, 2005 Oh dear, now look at the price... By my reckoning that's a 20% decrease in price.<{POST_SNAPBACK}> And it's still not sold! Be careful though, that doesn't mean that house prices are crashing at 20%. How much would it have actually sold for 18 months ago? That's what we need to know. Quote Link to comment Share on other sites More sharing options...
ril Posted September 14, 2005 Share Posted September 14, 2005 it now says Offers Around £215,000 .. Quote Link to comment Share on other sites More sharing options...
Take me to the cleaners Posted September 14, 2005 Share Posted September 14, 2005 Its seriously delightful! What do you think it's worth? Or rather what would you pay for it? Quote Link to comment Share on other sites More sharing options...
PulpFiction Posted September 14, 2005 Author Share Posted September 14, 2005 Just looked at nethouseprices, it sold in October 2001 for £110,000 Quote Link to comment Share on other sites More sharing options...
picnic Posted September 14, 2005 Share Posted September 14, 2005 only 165000 to go then we have a deal. Quote Link to comment Share on other sites More sharing options...
underpressuretobuy Posted September 14, 2005 Share Posted September 14, 2005 I've been posting about this house for the last 5 months.STILL TOO MUCH !!! It came onto the market 5 months ago for £268,000 which I noted was way over valued. It got dropped to £260,000 It got dropped to £250,000 (fixed price) They changed Estate Agents and dropped it to offers over £225,000 Oh dear, now look at the price... By my reckoning that's a 20% decrease in price. <{POST_SNAPBACK}> In case you hadn't already checked it was bought for £110,000 in October 2001 so even now they're still looking to make a profit of over £100,000. Quote Link to comment Share on other sites More sharing options...
Take me to the cleaners Posted September 14, 2005 Share Posted September 14, 2005 Just out of interest - up there what could you rent it (or similar) for? Quote Link to comment Share on other sites More sharing options...
PulpFiction Posted September 14, 2005 Author Share Posted September 14, 2005 Its seriously delightful! What do you think it's worth? Or rather what would you pay for it? <{POST_SNAPBACK}> The wife and I actually viewed it a few months ago... it's very dark as it's set into the hill (as a lot of houses are in Halifax)... there is delightful a garden that goes behind the bedroom and bathroom window upstairs, however, it belongs to next door !! Also, the parking out front is actually on a piece of pavement that does not belong to the house, and no doubt, illegal to park on. Personally, I would only value it at about £145,000. Quote Link to comment Share on other sites More sharing options...
picnic Posted September 14, 2005 Share Posted September 14, 2005 so with a proper crash and a bit of deperation on the part of the vendors lookng to set up a capital loss I am in with a chance then ! Quote Link to comment Share on other sites More sharing options...
Duplex Posted September 14, 2005 Share Posted September 14, 2005 Extraordinary how the market has flipped in the UK, when that property came on the market the agent must have based the asking price on some comparable sales in the area, that’s where you’ll find negative equity. Quote Link to comment Share on other sites More sharing options...
PulpFiction Posted September 14, 2005 Author Share Posted September 14, 2005 Just out of interest - up there what could you rent it (or similar) for?<{POST_SNAPBACK}> It would rent for about £600-£650 Quote Link to comment Share on other sites More sharing options...
dog Posted September 14, 2005 Share Posted September 14, 2005 It would rent for about £600-£650<{POST_SNAPBACK}> So what do we reckon? Would an offer of £150K be about right? Quote Link to comment Share on other sites More sharing options...
Guest prudence Posted September 14, 2005 Share Posted September 14, 2005 It looks like the sort of thing that Phil and Kirsty and their unfortunate victim would be interested in. Oh dear, 215k for that........ Quote Link to comment Share on other sites More sharing options...
Take me to the cleaners Posted September 14, 2005 Share Posted September 14, 2005 It would rent for about £600-£650<{POST_SNAPBACK}> Says it all, then. Quote Link to comment Share on other sites More sharing options...
red Posted September 14, 2005 Share Posted September 14, 2005 And it's still not sold! Be careful though, that doesn't mean that house prices are crashing at 20%. How much would it have actually sold for 18 months ago? That's what we need to know. <{POST_SNAPBACK}> Well, as we know many more properties were selling for asking prices plucked from thin air by greedy EAs and vendors 18 months ago - buyers panicked and thought "I'd better offer asking price or I'll be left stranded!" Right now, many stubborn EAs and vendors are still asking last year's prices but getting offers well below. Sentiment is slowly changing and it's only a matter of time before something/someone gives; who will blink first?! I think we all know the answer to that one... Quote Link to comment Share on other sites More sharing options...
Mr Tickle Posted September 14, 2005 Share Posted September 14, 2005 It would rent for about £600-£650<{POST_SNAPBACK}> Its worth circa 110K then ..... Quote Link to comment Share on other sites More sharing options...
picnic Posted September 14, 2005 Share Posted September 14, 2005 bugger me . Perhaps my offer of 50K is too high ? Quote Link to comment Share on other sites More sharing options...
libitina Posted September 14, 2005 Share Posted September 14, 2005 You know, we could have a good scam going when people on here seriously start to buy. Get another forum user or two to ring up and offer £30k or so below the price you're willing to pay, then go in with your offer and your's will look more attractive to the vendor. Quote Link to comment Share on other sites More sharing options...
Grime- skint wouldbe ftb Posted September 14, 2005 Share Posted September 14, 2005 So what do we reckon? Would an offer of £150K be about right?<{POST_SNAPBACK}> they'dve made £40K profit in 4 years, not bad for doing nowt. £150,000 sounds pretty generous to me. this country really is in for one big almighty shock Quote Link to comment Share on other sites More sharing options...
picnic Posted September 14, 2005 Share Posted September 14, 2005 Hi Thats not a scam that is just good practice. Quote Link to comment Share on other sites More sharing options...
New Darker Law Posted September 14, 2005 Share Posted September 14, 2005 I've been posting about this house for the last 5 months.STILL TOO MUCH !!! It came onto the market 5 months ago for £268,000 which I noted was way over valued. It got dropped to £260,000 It got dropped to £250,000 (fixed price) They changed Estate Agents and dropped it to offers over £225,000 Oh dear, now look at the price... By my reckoning that's a 20% decrease in price. <{POST_SNAPBACK}> Fantastic! Good work, and thanks for bringing it to our attention. NDL Quote Link to comment Share on other sites More sharing options...
Elizabeth Posted September 14, 2005 Share Posted September 14, 2005 More anecdotal, but my crap-o-metre rightmove filter went mad today again. 246 new listings 110K and under within 40 miles of London in one day. The general average is about 76 per day for the past 6 months and have never seen it over 120. Quote Link to comment Share on other sites More sharing options...
maxed out Posted September 14, 2005 Share Posted September 14, 2005 Looks quite nice from the outside, but when you live in a house, how much do you look at the outside ? Couple of questions, what's a snug, I always thought it was the bar in a pub where all the old duffers sat (which I now qualify). Bedroom 3, 10'7'' x 5'8''. Erm, where does the bed go. Quote Link to comment Share on other sites More sharing options...
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