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TeddyBear

Sw17 - Flipper On The Loose

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OK, a bit more than magnolia - but still a small 3 bed terrace with loft conversion in Tooting. Wondering what this one will go for. Seems to have been sold for 370k a year ago, was on market for ages I think, probate

29/01/2010 £370,000 Ter. F No Map 19, Noyna Road, London, Greater London, SW17 7PQ

Started at 725k in October, coming down in chunks

http://www.rightmove.co.uk/property-for-sale/property-31450649.html

Property bee history for those who don't have:

01 February 2011

* Price changed: from '£695,000' to '£675,000'

10 December 2010

* Price changed: from '£699,950' to '£695,000' [Found by n/a]

14 October 2010

* Price changed: from '£725,000' to '£699,950'

09 October 2010

* Initial entry found. [Found by n/a]

It was certainly a bubbleicious street in 2007 with a lot of the terraces moving for inbetween 500 and 600k - these flippers do seem to think they are still living in those times. Hopefully no idiots will come along and prove them right

Edited by TeddyBear

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Here's one close by that really is just a case of magnolia and cheap kitchen and bathroom - trying their luck at peak 2007 price. Wonder if some greater fool will come along?

01/09/2010 £232,275 Flat L No Map 107, Sellincourt Road, London, Greater London,

On now 4 months later for £300k

http://www.rightmove.co.uk/property-for-sale/property-29111620.html

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Here's another development job, can't find what it sold for but chasing the market down, on with 7 or 8 agents in the area!

http://www.rightmove.co.uk/property-for-sale/property-28545700.html

For those without the Bee, on since last November and now at just short of 500k, having started at 570k

So it seems that, whatever they tell you in the Evening Standard, overpriced property is not flying off every shelf in London town.

Edited by TeddyBear

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pathetic.

"This is a Chelsea finish in SW17".

More like a case of a Chelsea price [well, almost] in SW17.

Much as I despise everything about them Phil & Krusty were spot on when they stressed the importance of location.

That place has been done up really nicely but a pwoperdee of that size in that street has never been worth nearly £700k and probably won't be for for many, many years.

Edited by the flying pig

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Here's another development job, can't find what it sold for but chasing the market down, on with 7 or 8 agents in the area!

http://www.rightmove.co.uk/property-for-sale/property-28545700.html

For those without the Bee, on since last November and now at just short of 500k, having started at 570k

So it seems that, whatever they tell you in the Evening Standard, overpriced property is not flying off every shelf in London town.

Another 10k knocked off this one today, now at 489, 950. At this level, does knocking off 10k really make any difference? Especially with a house on a local rat run with double yellows outside that mean no parking outside your half a million home.

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Another 10k knocked off this one today, now at 489, 950. At this level, does knocking off 10k really make any difference? Especially with a house on a local rat run with double yellows outside that mean no parking outside your half a million home.

not at all. At those prices I'd expect to see them come down in 25k chunks. It's the same as stuff around the 250 mark only coming down 3-4 at a time. We have always known that jf you are going to reduce it needs on around 250k stuff to be a 9-11k drop to make it noticeable given how people make offers whatever you do anyway

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Another for my list keeping an eye on the local property speculators, something very odd going on here, in that building (whole house one presumes), was sold apparently in Jan 2007 for £384k which was a massive jump on the previous sold high for the street. The people selling the flat now are a Harrington Haywoods Property Group rather than one of the usual, local EAs

The application to convert this house was put in during 2003 (granted with a 5 year window) by a Haywood Investments Ltd, so they apparently managed to sell the house to themselves in 2007 for the highest price a house has every sold on this street? (House originally bought in 1995 for £71,500 by the way, don't you just love London HPI)

Anyway, price dropping now...

http://www.rightmove.co.uk/property-for-sale/property-17385636.html

Ground floor 2 bed flat reducing fast in price

21 February 2011

* Price changed: from '£235,000' to '£219,950'

07 February 2011

* Price changed: from 'Lease Hold £235,000' to '£235,000' [Found by n/a]

18 January 2011

* Price changed: from 'Lease Hold £250,000' to 'Lease Hold £235,000' [Found by n/a]

13 November 2010

* Initial entry found. [Found by n/a]

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Here's one close by that really is just a case of magnolia and cheap kitchen and bathroom - trying their luck at peak 2007 price. Wonder if some greater fool will come along?

01/09/2010 £232,275 Flat L No Map 107, Sellincourt Road, London, Greater London,

On now 4 months later for £300k

http://www.rightmove.co.uk/property-for-sale/property-29111620.html

This one has just knocked off 10k.

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I saw this one go at auction early Oct for 225K. It was a wreck. They've done it up but not moved walls as far as I can see so not that much spent on it. Old chipboard taken off walls. Painted. New wiring presumably. Don't think windows are new. New kitchen and bathroom (horrible dark tiling, is that the fashion now?) Apparently under offer now at 280k. Still money to made flipping property in the area at some levels it would seem.

http://www.rightmove.co.uk/property-for-sale/property-29344258.html

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They are still at it. There's a house down the road from me in Poole - sold before last Xmas at £190K. Had a £20K (?) facelift, and just got a sold sign up at £279K asking. £60-70K profit inside 6 months? I have a horrible feeling it will have made near asking.

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Here's another development job, can't find what it sold for but chasing the market down, on with 7 or 8 agents in the area!

http://www.rightmove.co.uk/property-for-sale/property-28545700.html

For those without the Bee, on since last November and now at just short of 500k, having started at 570k

So it seems that, whatever they tell you in the Evening Standard, overpriced property is not flying off every shelf in London town.

Delisted with Fuxtons but still on with one agent

http://www.rightmove.co.uk/property-for-sale/property-17908998.html?premiumA=true

Of the others I listed the flat at £219k under offer. Others still on mkt. So London market might be strong but not invincible

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I absolute hate these "tasteless" tacky development jobs on Period properties.

Horrible soulless House, totally overpriced too.

OK, a bit more than magnolia - but still a small 3 bed terrace with loft conversion in Tooting. Wondering what this one will go for. Seems to have been sold for 370k a year ago, was on market for ages I think, probate

29/01/2010 £370,000 Ter. F No Map 19, Noyna Road, London, Greater London, SW17 7PQ

Started at 725k in October, coming down in chunks

http://www.rightmove.co.uk/property-for-sale/property-31450649.html

Property bee history for those who don't have:

01 February 2011

* Price changed: from '£695,000' to '£675,000'

10 December 2010

* Price changed: from '£699,950' to '£695,000' [Found by n/a]

14 October 2010

* Price changed: from '£725,000' to '£699,950'

09 October 2010

* Initial entry found. [Found by n/a]

It was certainly a bubbleicious street in 2007 with a lot of the terraces moving for inbetween 500 and 600k - these flippers do seem to think they are still living in those times. Hopefully no idiots will come along and prove them right

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I absolute hate these "tasteless" tacky development jobs on Period properties.

Horrible soulless House, totally overpriced too.

I agree they are ruining properties that should be amazing.

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