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gmang

Typical Deluded Seller In E17

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I should stop looking, it only frustrates me. This is a pretty good example of what I'm on about:

http://www.rightmove.co.uk/property-for-sale/property-18197520.html

Last sold:

24/11/2005 £246,000

According to Halifax, prices now are 97% of those in Nov 2005, so adjusting for that you'd expect a price of £237k or thereabouts. Bizarrely, Zoopla gives an estimate of £295k. Then the vendors think - I know, I'll list it for £350k!! WTF? Not actually a bad looking place for under stamp duty threshold, looks about £100k overpriced IMHO.

-G

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Not actually a bad looking place for under stamp duty threshold, looks about £100k overpriced IMHO.

You could make them aware of that with an offer of 250K. Realistbear just got an offer 40% below initial asking price accepted!

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You say Halifax said that prices are now 97% of that of November 2005.

But I suspect you're using the headline figure, the one for the whole of the UK.

If you look at any index broken down by region, you will see that London has definitely outperformed the rest of the UK since the crash.

I do admit that it probably definitely isn't worth £350k. But without knowing the condition it was bought in and comparisons in the same area, I can't give a figure. But prices in London are definitely nearer to 2007 prices (if not the peak at 2008).

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You say Halifax said that prices are now 97% of that of November 2005.

But I suspect you're using the headline figure, the one for the whole of the UK.

If you look at any index broken down by region, you will see that London has definitely outperformed the rest of the UK since the crash.

I do admit that it probably definitely isn't worth £350k. But without knowing the condition it was bought in and comparisons in the same area, I can't give a figure. But prices in London are definitely nearer to 2007 prices (if not the peak at 2008).

Good point, the headline rate does not really cover London. However, one of the neighbouring houses has this rather amusing sales record:

12th Dec 2008

31 West Avenue, London E17 9QN

£249,995

22nd May 2009

31 West Avenue, London E17 9QN

£198,000

:lol::lol::lol:

Maybe there was a fire or something, but that's a pretty hefty loss in my books.

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I think they did a lot of work internally, I remember looking at that in 2003/2004. It still feels way overpriced at 350. I cant remember if there was potential for a building plot at the back but there was something unusual about it, something around a Close to be developed using an adjacent house, building and gardens. Just cant remember what it was but it affected the rear or required the rear of the garden

I should stop looking, it only frustrates me. This is a pretty good example of what I'm on about:

http://www.rightmove.co.uk/property-for-sale/property-18197520.html

Last sold:

24/11/2005 £246,000

According to Halifax, prices now are 97% of those in Nov 2005, so adjusting for that you'd expect a price of £237k or thereabouts. Bizarrely, Zoopla gives an estimate of £295k. Then the vendors think - I know, I'll list it for £350k!! WTF? Not actually a bad looking place for under stamp duty threshold, looks about £100k overpriced IMHO.

-G

Edited by fallingbuzzard

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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