Jump to content
House Price Crash Forum

225K Asking Price Drop


Recommended Posts

0
HOLA441
1
HOLA442
2
HOLA443

Another big drop on the Gower - 130K drop. There have been a few of these in recent days. Looks like the top end of the market is crumbling on the Gower at last.

Still way too high asking prices IMPO and stil plenty down there still asking, IMPO, the ludicrous sums.

http://www.rightmove.co.uk/property-for-sale/property-28355275.html

06 April 2011 09:06:31

* Agents Telephone found: 08433145989

* Price changed: Offers in Region of £620,000 £495,000

30 October 2010 09:11:03

* Agent found: John Francis

* Agents Location found: Killay

* Brief Description found: A four bedroom detached family residence built circa 1915, and extended in the 1980's to provide flexible and spacious accommodation. The property is situated in the idyllic and peaceful rural locatio...

* Price found: £620,000

Link to comment
Share on other sites

3
HOLA444
4
HOLA445
5
HOLA446
6
HOLA447

Wow, I had no idea Swansea prices were so high.

It must be the second home owner effect as I'm sure that local wages are nothing special and the largest employers appear to be Public Sector.

Mind you Port Talbot is nearly as bad: http://www.rightmove.co.uk/property-for-sale/property-32868845.html

£35,000 for a ground floor flat? I wouldn't even pay half that for the whole house!

Link to comment
Share on other sites

7
HOLA448

and you can!

5 miles away, lot smaller no land/extra buildings, 3 bedrooms 575 pcm - http://www.rightmove...y-29517412.html

I have been surprised at how asking prices were dropping in Penclawdd/Crofty and a bit further along. OK, it is about 10 miles from Swansea so if you fancy a curry or doing anything of interest it is either an alcohol-free car journey or a very expensive taxi ride away.

However, a few months ago I was in the city centre and the Welsh environmental agency had a stand giving information to people on flooding. I got talking to the staff and mentioned in passing how the prices were dropping in the Penclawdd to Crofty area.

Turns out that the Loughor estuary, which already comes up really close to the North Gower road in places, is forecast to rise with global warming and hence they are trying to raise money to built a big barrier between the Loughor estuary and Penclawdd/Crofty.

They said 2 barriers would be needed. Can't see how they will justify the money in this climate for such small populations.

There are lots of very expensive asking price houses in the Penclawdd/Crofty/Llanmorlais/Llanrhidian areas which are the wrong side of the North Gower road with the river Loughor.

http://maps.google.com/maps?q=llanrhidian&oe=utf-8&rls=org.mozilla:en-GB:official&client=firefox-a&um=1&ie=UTF-8&sa=N&hl=en&tab=wl

Link to comment
Share on other sites

8
HOLA449

I don't normally look at such expensive houses, (it seems I'm a pauper compared to many of you!) but noticed on in Essex, nice country cottage dropped from £499k to £399k. 20% another two of those and it's in my price range :)

Link to comment
Share on other sites

9
HOLA4410

I don't normally look at such expensive houses, (it seems I'm a pauper compared to many of you!) but noticed on in Essex, nice country cottage dropped from £499k to £399k. 20% another two of those and it's in my price range :)

Just looking, can't afford. These are nonsense asking prices.

Was talking to a fairly rich chap this morning who paid 500K for a house on the Gower with a 790K asking price last year.

Link to comment
Share on other sites

10
HOLA4411

I don't normally look at such expensive houses, (it seems I'm a pauper compared to many of you!) but noticed on in Essex, nice country cottage dropped from £499k to £399k. 20% another two of those and it's in my price range :)

This is a nice one like that

http://www.rightmove.co.uk/property-for-sale/property-17032425.html

02 April 2011 * Price changed: from '£350,000' to '£299,000'

12 November 2010 * Price changed: from '£395,000' to '£350,000'

13 October 2010 * Initial entry found.

Still 1/3 million for a 2 bed labourers cottage, sorry i mean "Believed to be approximately 150 years old, this attractive end terraced cottage was originally built for key worker housing". I'd love to know if they changed EA or what happened in their minds to drop 25%. in 6 months. I wonder if many of the houses are marketed much higher than they expect to get, try it on for a while to see if anyone's watching the area, drop it 50K and anyone watching would be tempted to jump on it. Or not in this case :lol:

Edited by athom
Link to comment
Share on other sites

11
HOLA4412

Oddly enough, yes.

Friends were in Bath this week and commented that Bath asking prices are cheaper or you get a lot more for the average price.

you're joking aren't you? Every time this agent puts a house on i feel the need to phone them up and just laugh down the phone at them.

http://www.rightmove.co.uk/property-for-sale/find/Crisp-Cowley-Bath-Ltd/Bath.html?locationIdentifier=BRANCH^9271&includeSSTC=true&_includeSSTC=on

Link to comment
Share on other sites

12
HOLA4413
13
HOLA4414
History

10 March 2011 * Status changed: from 'Under offer' to 'Available'

01 March 2011 * Status changed: from 'Available' to 'Under offer'

01 February 2011 * Status changed: from 'Under offer' to 'Available'

29 December 2010 * Status changed: from 'Available' to 'Under offer'

23 December 2010 * Status changed: from 'Under offer' to 'Available'

29 November 2010 * Status changed: from 'Available' to 'Under offer'

08 September 2010 * Initial entry found.

Key features:

* Vendor Keen To Sell

* Vacant Possession

:lol:

Link to comment
Share on other sites

14
HOLA4415

How about this one MT

http://www.rightmove.co.uk/property-for-sale/property-29240695.html

Looks right up your street !

Please forward finders fee

Heating that place frightens me just thinking about it. Bleak winter nights in the middle of nowhere 15 miles from the nearest curry house. Roads choc a bloc in the Summer with loads of campers and others in the nearby car-parks peering in.

The price is, IMPO, ludicrous.

Link to comment
Share on other sites

15
HOLA4416

Here's another 100K drop.

Looks like one EA chain in particular is trying to get Gower sellers on its books to drop asking prices. Still ludicrously expensive IMPO.

http://www.rightmove.co.uk/property-for-sale/property-28355536.html

07 April 2011 00:18:13

Price changed: Offers in Region of £839,950 £739,950

30 October 2010 09:11:03

Price found: £839,950

Link to comment
Share on other sites

16
HOLA4417
17
HOLA4418

I reckon it's this that makes them think the value is so high:

paddocks, grazing and pasture land amounting to approximately 17.5 acres, in addition to private gardens and a selection of out buildings that include hay barns, four stables, two work shops, an office, three garages, a purpose built one bedroom cottage an outside swimming pool and ample parking for at least 10 vehicles

I think the idea might be that you buy the property, pull it down and build something else in its wake, and you can live in the cottage in the mean-time.

Link to comment
Share on other sites

18
HOLA4419
19
HOLA4420

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information