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SwampDonkey

34% Drop And Still No Sale

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Not bad, 150k though? Any jobs/amenities nearby?

Access to a14 withing 2 minutes and Ipswich 12 miles and Bury St Edmunds 14 miles. Plenty of jobs around here is you have half a brain cell.

Good pub in village and Stowmarket 3 miles away which has all the amenities you need plus direct rail to Liverpool Street.

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Access to a14 withing 2 minutes and Ipswich 12 miles and Bury St Edmunds 14 miles. Plenty of jobs around here is you have half a brain cell.

Good pub in village and Stowmarket 3 miles away which has all the amenities you need plus direct rail to Liverpool Street.

OK, why no one biting then?

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I'm not going to lie, if that was in or near one of my desired areas of Essex at that price I'd buy it tomorrow.

None of Essex is desireable though!

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'Cos it's still overpriced? £120K tops.

Its still overpriced at £120k.

£150k is the 2004 Sold Price on this property.

So they are asking for 2005 prices.

[House prices tripled between 96-2006, where-as wages rose by £6.5k]

By 98-2000 I was asking what the hells going on with house prices.......:rolleyes:

If only someone had told me the madness would be allowed to continue for a decade.

Edited by Dan1

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Its still overpriced at £120k.

£150k is the 2004 Sold Price on this property.

So they are asking for 2005 prices.

[House prices tripled between 96-2006, where-as wages rose by £6.5k]

By 2000 I was asking what the hells going on with house prices.......:rolleyes:

If only someone had told me the madness would be allowed to continue for a decade.

What is interesting though is that ZOOPLA have the current valuation of this property, at a staggering £230,819.

**Value range £213,309 - £248,329**

Ive heard their valuers just throw darts in a board.

Edited by Dan1

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None of Essex is desireable though!

Not true.

I am looking in Essex - Uttlesford area so Saffron Walden and villages around like Arkesden, Clavering, Widdington, etc etc.

http://www.edp24.co.uk/lifestyle/uttlesford_is_uk_s_third_best_can_it_stay_that_way_1_871619

Really lovely area. Rural and attractive, quiet, safe, good train connections and good schools.

Essex is a relatively large county and its not all chavvy towns, white shoes and ankle chains. :D

Just saying!

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Access to a14 withing 2 minutes and Ipswich 12 miles and Bury St Edmunds 14 miles. Plenty of jobs around here is you have half a brain cell.

But not for those with more :-)

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That pleases me. It pleases me because I work in the South East and patiently rent in London while wondering why a stuidio flat in a cr*p part of Acton is valued at £160k. My view of property prices are completely skewed. I keep forgetting that the rest of the country actually represents some sort of value. Ok, I can't see the possible sewage farm next door, but it looks great to me.

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What is interesting though is that ZOOPLA have the current valuation of this property, at a staggering £230,819.

**Value range £213,309 - £248,329**

Ive heard their valuers just throw darts in a board.

They'd probably be more accurate if they did do that. Instead, they just apply a standard % to the last sold price.

I looked at two identical flats on there the other day. I can't remember the exact numbers but it went somthing like:

One was in poor condition and sold for £200k in 2005. It has been completely refurbished and Zoopla now values it at £240k.

The other was in slightly better condition and sold for £225k around the same time. No refurbishment appears to have taken place, but Zoopla now values at at £270k even though it is clearly worth less than the other one!

I realise that Zoopla can't be expected to know what improvements have been made, but it could be a little bit more scientific than going on last selling price +/- x%. It doesn't take account of the people who ridiculously overpay, or get cut-price bargains from relatives.

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Its in the middle of nowhere.

Probably be nearer £100k if it were in Norfolk

Some of those villages look nice, but ive seen similar detached cottages in Glemsford (similar distance to the south of bury) as low as £75k.

Still looks way overpriced to me, im sure someone will bite if they wait long enough though.

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I think I know why it hasn't sold -- it is tiny.

Note there are no room measurements on the rightmove advert. Note the photos have been taken of "features", and give no open guide to how big the main bedroom and living room is.

Then look at the floor plan. The dining room is the same width as the kitchen. The kitchen is two strips of units either side a small pair of casement windows. Then look at the shadows thrown on floor by the unseen external wall on the first photo of the dining room with the bake oven -- I'd be surprised if the width is over 7 feet.

The bathroom is the width of the bath, and that is it. Note how close the sink is to the bath and that the toilet is behind the door.

Look at the final photo of the drawing room against the plan. I reckon that's basically the width of the room you see on the wall with the window and door, as the plan suggests the fireplace is further from the wall than the window (see photo 2).

Then look at picture four of the bedroom against the plan. Look at the window's distance from the fireplace and the in the top right hand corner, the start of the roof beam on the left. You've probably got another foot on the right, but what you see in the photo is basically the size of the bedroom. I bet you can hardly get a king sized bed in it, and you would struggle to fit a chest of drawers, I would guess the second bedroom has been used as a dressing room and that is why it has a fitted wardrobe. Also the fireplace chimney in the bedroom is cut out of the main breast, which suggests the upper floor is only the length of the drawing room.

In my view? It's a cottage for one person.

My feeling is that this was once, probably, a one level house split into a front room and a thin back kitchen with a small larder/scullery off the side (I think the floor of the bedroom level was possibly lowered when it was converted into order to get a viable head height, as the structural beaming in the wall looks odd and the roof seems a too low in the drawing room).

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I think I know why it hasn't sold -- it is tiny.

Note there are no room measurements on the rightmove advert. Note the photos have been taken of "features", and give no open guide to how big the main bedroom and living room is.

Then look at the floor plan. The dining room is the same width as the kitchen. The kitchen is two strips of units either side a small pair of casement windows. Then look at the shadows thrown on floor by the unseen external wall on the first photo of the dining room with the bake oven -- I'd be surprised if the width is over 7 feet.

The bathroom is the width of the bath, and that is it. Note how close the sink is to the bath and that the toilet is behind the door.

Look at the final photo of the drawing room against the plan. I reckon that's basically the width of the room you see on the wall with the window and door, as the plan suggests the fireplace is further from the wall than the window (see photo 2).

Then look at picture four of the bedroom against the plan. Look at the window's distance from the fireplace and the in the top right hand corner, the start of the roof beam on the left. You've probably got another foot on the right, but what you see in the photo is basically the size of the bedroom. I bet you can hardly get a king sized bed in it, and you would struggle to fit a chest of drawers, I would guess the second bedroom has been used as a dressing room and that is why it has a fitted wardrobe. Also the fireplace chimney in the bedroom is cut out of the main breast, which suggests the upper floor is only the length of the drawing room.

In my view? It's a cottage for one person.

My feeling is that this was once, probably, a one level house split into a front room and a thin back kitchen with a small larder/scullery off the side (I think the floor of the bedroom level was possibly lowered when it was converted into order to get a viable head height, as the structural beaming in the wall looks odd and the roof seems a too low in the drawing room).

So overhyped shite, just the way property porn programmes taught? It will end up going for about 20k.

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  • 311 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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