cgaa1395 Report post Posted February 19, 2011 Lot 51 in the Clive Emson auction of 14th Feb 2011 a house was sold which had previously been bought in 2007 and then had a new kitchen fitted, double-glazing, new central heating boiler and radiators. In 2007 the price was £158,500 In 2011 the price was £144,000 my blog Quote Share this post Link to post Share on other sites
SarahBell Report post Posted February 19, 2011 Lot 51 in the Clive Emson auction of 14th Feb 2011 a house was sold which had previously been bought in 2007 and then had a new kitchen fitted, double-glazing, new central heating boiler and radiators. In 2007 the price was £158,500 In 2011 the price was £144,000 my blog Do you follow all the auctions? Quote Share this post Link to post Share on other sites
tim123 Report post Posted February 19, 2011 Lot 51 in the Clive Emson auction of 14th Feb 2011 a house was sold which had previously been bought in 2007 and then had a new kitchen fitted, double-glazing, new central heating boiler and radiators. In 2007 the price was £158,500 In 2011 the price was £144,000 my blog That'll be this one then: http://www.housepricecrash.co.uk/forum/index.php?showtopic=159802 tim Quote Share this post Link to post Share on other sites
cgaa1395 Report post Posted February 21, 2011 Do you follow all the auctions? No, and not all the time either. My blog is a good example of cherry-picking and observation bias! It tends to average 30 hits a day though. Quote Share this post Link to post Share on other sites
Executive Sadman Report post Posted February 21, 2011 The new normal seems to be Buy a House, Do it up, try and sell it at a profit, fail, and rent it out instead. Quote Share this post Link to post Share on other sites
scrappycocco Report post Posted February 21, 2011 Cue mentalist music and image of bloke with a smiley face - It was rented out and now they want to sell quick because the property market is about to collapse. Case closed. Quote Share this post Link to post Share on other sites
awaytogo Report post Posted February 21, 2011 The new normal seems to be Buy a House, Do it up, try and sell it at a profit, fail, and rent it out instead. There is going to be a lot more downward pressure on rents over the next few years as well as prices. So it will become a risk wether you can sell or rent depending when you bought and what you paid. Quote Share this post Link to post Share on other sites
Executive Sadman Report post Posted February 21, 2011 There is going to be a lot more downward pressure on rents over the next few years as well as prices. So it will become a risk wether you can sell or rent depending when you bought and what you paid. I agree, so long as the coalition doesnt keep bottling it and keep throwing more housing benefit to keep rents unaffordable. Quote Share this post Link to post Share on other sites
neil324 Report post Posted February 21, 2011 Latest Birmingham Auction, looks like people where falling over each other to bid, some silly prices. The following being the worst. Lot 3, was sold by Dixons estate agent as a repo a few months ago for £40k, entered into the auction without being touched one bit. http://www.cottons.co.uk/docs/Results.pdf Few more that i was watching at the auction have shocked me, either it's bullish for prices in general or auctions are not the place for bargains any more. Quote Share this post Link to post Share on other sites
Sibley's Love Child Report post Posted February 21, 2011 Heh, that's nowt; this bad-boy's a repo; asking price of £144,950 (not bad either, had a look around it): http://www.rightmove.co.uk/property-for-sale/property-17974875.html?premiumA=true Last sold data: 2007-01-22 86, Upminster Road South, Rainham, Greater London, RM13 9AA Terrace, Freehold add details... £215,000 Quote Share this post Link to post Share on other sites
