Flightman Posted July 21, 2011 Share Posted July 21, 2011 (edited) Nearby neighbour has just gone up for sale. Bought in Oct 2009 for £195,000. On Rightmove now for £215,000. He's removed the gravel garden and replaced it with flagstones. He's put two rows of flagstones outside the front of the property. And wants £20k more than he paid for it. Bloody expensive flag stones! Update at 18:10. Apparently it's now a two bedroom as the 'nursery' room has had the wall knocked out to fit some wardrobes. So it's up as 2 bedroom but at a 3 bedroom price. Edited July 21, 2011 by Flightman Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 21, 2011 Share Posted July 21, 2011 the country is deluded. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted July 21, 2011 Share Posted July 21, 2011 Nearby neighbour has just gone up for sale. Bought in Oct 2009 for £195,000. On Rightmove now for £215,000. He's removed the gravel garden and replaced it with flagstones. He's put two rows of flagstones outside the front of the property. And wants £20k more than he paid for it. Bloody expensive flag stones! You think that's good, I know one bought in April 2010 for £177k now on for £200k!! I'm going to view it and give some constructive criticism. Quote Link to comment Share on other sites More sharing options...
juvenal Posted July 21, 2011 Share Posted July 21, 2011 Nearby neighbour has just gone up for sale. Bought in Oct 2009 for £195,000. On Rightmove now for £215,000. He's removed the gravel garden and replaced it with flagstones. He's put two rows of flagstones outside the front of the property. And wants £20k more than he paid for it. Bloody expensive flag stones! Average drop from Asking to Sold in my bit of BH15 is 11% per property over last two years. I'd bet money your neighbour will make a loss on his purchase price, once fees are taken. Quote Link to comment Share on other sites More sharing options...
Wig Posted July 21, 2011 Share Posted July 21, 2011 Average drop from Asking to Sold in my bit of BH15 is 11% per property over last two years. I'd bet money your neighbour will make a loss on his purchase price, once fees are taken. Hi juvenal Where do you get this information? you're sitting on a goldmine there - assume this is through your own research? cheers Wig Quote Link to comment Share on other sites More sharing options...
Kokeshi Posted July 21, 2011 Share Posted July 21, 2011 One by me was bought last year for 400K, on again now after having a new stove put in for 450K.. One came on today, bought for 425K in 2006, yours today for 530K. Offered on one last week, been on at 625K for nine months, offered 12% under asking. We're in rented, money in the bank and mortgage ready and waiting. Only other interested party is someone unable to sell their 400K house but willing to pay asking price when theirs does sell. Offer firmly rejected, asking price or nothing. I assume they were so offended by our offer that they're now taking the 400K house in part ex. They all get asking price so happy days for them. I'm slowly losing the will to live. 9 houses we've offered on, not one single vendor willing to come down by more than a couple of percent. It's obviously not that grim up north. Quote Link to comment Share on other sites More sharing options...
BlackSwan Posted July 21, 2011 Share Posted July 21, 2011 I have one for you. Road in Hale, house went on for £450k in Jan 11, reduced to £435k in Feb 11. It needed a lot of work and sold for £405k in May. The house next door has come on - the same design and condition but lacks the en-suite upstairs and the downstairs toilet that the other one had. Asking price.......£475k! Went to see it and told the agent about next door’s (publicly available) sale price of £405k. This local "expert" then said - "well I didn’t value it my colleague did, but anyway this is what the vendor wants it listed at". Repeated the sale price of next door and was then asked "well what did they originally list that one at" At that point my head exploded, taking the f*ckwit EA and half the street with it..... (The last bit is a lie, but you sense my despair) Quote Link to comment Share on other sites More sharing options...
jonboy2010 Posted July 21, 2011 Share Posted July 21, 2011 Nearby neighbour has just gone up for sale. Bought in Oct 2009 for £195,000. On Rightmove now for £215,000. He's removed the gravel garden and replaced it with flagstones. He's put two rows of flagstones outside the front of the property. And wants £20k more than he paid for it. Bloody expensive flag stones! What he asks and what he gets are two different things. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted July 21, 2011 Share Posted July 21, 2011 I have one for you. Road in Hale, house went on for £450k in Jan 11, reduced to £435k in Feb 11. It needed a lot of work and sold for £405k in May. The house next door has come on - the same design and condition but lacks the en-suite upstairs and the downstairs toilet that the other one had. Asking price.......£475k! Went to see it and told the agent about next door’s (publicly available) sale price of £405k. This local "expert" then said - "well I didn’t value it my colleague did, but anyway this is what the vendor wants it listed at". Repeated the sale price of next door and was then asked "well what did they originally list that one at" At that point my head exploded, taking the f*ckwit EA and half the street with it..... (The last bit is a lie, but you sense my despair) Now you viewed it you have given them hope that the price is right and they are probably using you as a "very interested party expected to put an offer soon" Quote Link to comment Share on other sites More sharing options...
Pent Up Posted July 21, 2011 Share Posted July 21, 2011 Now you viewed it you have given them hope that the price is right and they are probably using you as a "very interested party expected to put an offer soon" Not if the feedback was "I wouldn't even pay what they paid for it in 2004" Quote Link to comment Share on other sites More sharing options...
juvenal Posted July 21, 2011 Share Posted July 21, 2011 Hi juvenal Where do you get this information? you're sitting on a goldmine there - assume this is through your own research? cheers Wig My own research, I'm afraid. I note anything coming on the market (via EA board or Rightmove) in my area of scrutiny, and track the Asking down. Then the mouseprice site free monthly email tells me the LR Sold price of anything that's gone. Quote Link to comment Share on other sites More sharing options...
Mildura Posted July 21, 2011 Share Posted July 21, 2011 Sellers still deluded you say...? 'twas ever thus. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted July 21, 2011 Share Posted July 21, 2011 Not if the feedback was "I wouldn't even pay what they paid for it in 2004" Wouldn't a better idea to deflate some delusion be to phone up and say "if they are interested in £x I would view it"? Then don't bother if they say they aren't interested. Now his vendor can tell people they had a viewing, much better if they said "people won't even view our house if we don't drop the price by £x" Quote Link to comment Share on other sites More sharing options...
danlee74 Posted July 21, 2011 Share Posted July 21, 2011 Wouldn't a better idea to deflate some delusion be to phone up and say "if they are interested in £x I would view it"? Then don't bother if they say they aren't interested. Now his vendor can tell people they had a viewing, much better if they said "people won't even view our house if we don't drop the price by £x" Great shout. Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted July 21, 2011 Share Posted July 21, 2011 I have one for you. Road in Hale, house went on for £450k in Jan 11, reduced to £435k in Feb 11. It needed a lot of work and sold for £405k in May. The house next door has come on - the same design and condition but lacks the en-suite upstairs and the downstairs toilet that the other one had. Asking price.......£475k! Went to see it and told the agent about next door’s (publicly available) sale price of £405k. This local "expert" then said - "well I didn’t value it my colleague did, but anyway this is what the vendor wants it listed at". Repeated the sale price of next door and was then asked "well what did they originally list that one at" At that point my head exploded, taking the f*ckwit EA and half the street with it..... (The last bit is a lie, but you sense my despair) Whereabouts? I'm watching tree road terraces put on the Market for 20% over their last peak selling price :facepalm: Quote Link to comment Share on other sites More sharing options...
BlackSwan Posted July 22, 2011 Share Posted July 22, 2011 Whereabouts? I'm watching tree road terraces put on the Market for 20% over their last peak selling price :facepalm: High Elm. I live on the Tree Roads and share your despair. Having rented here for 3 years the owners and agents have listed everything at record prices. No suprise that all those on Hawthorn are unsold and Waterson's are still trying ramp the prices on Elm Road. Everything is lised at prices that have never been neared, let alone achieved. I hate trying to buy a house in Hale. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted July 22, 2011 Share Posted July 22, 2011 And wants £20k more than he paid for it. The house hasn't changed, it's just that the pounds are worth less. So he actually wants exactly what he paid for it. As to whether that's realistic is another matter. Quote Link to comment Share on other sites More sharing options...
Pent Up Posted July 22, 2011 Share Posted July 22, 2011 You think that's good, I know one bought in April 2010 for £177k now on for £200k!! I'm going to view it and give some constructive criticism. Further to this one, a seller who is not deluded. About 2 miles from the first. One more bedroom, bigger garden, off road parking and dining room, whereas the first has none of these. They paid £217,000 in Jan 07. Went on the Market late last year at £217,000. When you consider that in this area we are 10% off peak and you'd expect a buyer to knock 10% off asking it's not that unrealistic. Anyway dropped to £212k after about 6 weeks. Then again to £205k went SSTC for a couple of months. Now back at £199k. Still more than I would be prepared to pay but it's good to seem some more sensible pricing. Quote Link to comment Share on other sites More sharing options...
The Knimbies who say No Posted July 22, 2011 Share Posted July 22, 2011 Here's a flipper in my neck of the woods: http://www.rightmove.co.uk/property-for-sale/property-28869877.html Went up for sale in January at £179,950, dropped to £169,950 in May. However, was only bought in August last year for £128k (houseprices.co.uk incorrectly describes it as a terraced house but I've been past the place and confirmed the address.) Quick spruce up and back on the market. 16/08/2010 £128,000 94, Southbrook Street, Swindon, SN2 1HH Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted July 22, 2011 Share Posted July 22, 2011 Not all sellers are deluded. Bought my place for the same price as an identical house on the same street sold for in 2003 Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted July 22, 2011 Share Posted July 22, 2011 High Elm. I live on the Tree Roads and share your despair. Having rented here for 3 years the owners and agents have listed everything at record prices. No suprise that all those on Hawthorn are unsold and Waterson's are still trying ramp the prices on Elm Road. Everything is lised at prices that have never been neared, let alone achieved. I hate trying to buy a house in Hale. I'm a sophomore tree road tenant. Watched 3 houses sell on Cedar Road in the past year and still waiting for sold prices to come up. Grrr. Quote Link to comment Share on other sites More sharing options...
muggle Posted July 22, 2011 Share Posted July 22, 2011 Meanwhile, in the real World... 1 31B Penfold Road, Clacton-on-Sea, Essex, CO15 1JN Sold for £37,000. 2 38 Ronald Road, Birmingham, West Midlands, B9 4UL Sold for £60,500. 4 50 Gainsborough Avenue, Burnley, Lancashire, BB11 2NN Unsold, the last bid was £43,000 and is available at £46,000. 5 143-143A Manchester Road, Burnley, Lancashire, BB11 4HT Sold for £130,000. 6 122 Bellegrove Road, Welling, Kent, DA16 3QR Sold for £200,000. 8 37 Fairfield Avenue, Rossendale, Lancashire, BB4 9TG Sold for £42,000. 9 549 Chorley Old Road, Bolton, Lancashire, BL1 6AE Sold for £83,000. 10 30 The Links, Ballykinler, Downpatrick, County Down, BT30 8FE Unsold, the last bid was £49,000 and is available at £50,000. 11 Flat 1, Johnson Mill, Denton Mill Lane, Carlisle, Cumbria, CA2 5NQ Unsold, the last bid was £45,000 and is available at £47,000. 13 33 Fortuna Street, Belfast, County Antrim, BT12 5PL Sold for £35,000. 14 25 Gladstone Street, Beamish, Stanley, County Durham, DH9 0QL Unsold, the last bid was £27,000 and is available at £29,000. 17 5 Millisle Gardens, Bangor, County Down, BT19 1QX Sold for £35,000. 18 Land at 6-8 Elm Road, Bebington, Wirral, Merseyside, CH63 8PF Sold for £90,000. 22 21 Castlehill View, Ballymoney, County Antrim, BT53 6RZ Unsold, the last bid was £69,000 and is available at £70,000. 23 49 Claremont Road, Salford, Lancashire, M6 7RJ Unsold, the last bid was £78,000 and is available at £80,000. 24 52 Carmen Street, Maesteg, Mid Glamorgan, CF34 0RL Sold for £37,000. 25 14 Gatley Walk, Liverpool, Merseyside, L24 2UY Sold for £49,000. 26 43 Torrington Street, Grimsby, South Humberside, DN32 9QJ Sold for £38,500. 27 11 Welch House, 1 Beaconsfield Road, Enfield, Middlesex, EN3 6UX Sold Prior to auction, for an undisclosed amount. 28 Flat 1, 4 Major Terrace, Seaton, Devon, EX12 2RF Unsold, the last bid was £38,000 and is available at £40,000. 29 3 Wilton Parade, Blackpool, Lancashire, FY1 2HE Sold for £150,500. 30 306 Talbot Road, Blackpool, Lancashire, FY1 3QS Unsold, the last bid was £72,000. Please refer to Auctioneer for Reserve. 31 13 Old School House, Shotley Gate, Ipswich, Suffolk, IP9 1QP Sold for £35,000. 32 12 Northcote, Addlestone, Surrey, KT15 2LS Sold for £105,000. 33 303 Southwood Road, Dunstable, Bedfordshire, LU5 4EW Sold Prior to auction, for an undisclosed amount. 34 60 Huntingdale Lodge, Portadown, Craigavon, County Armagh, BT62 3RU Sold for £90,000. 35 65 Carlton Street, Manchester, Lancashire, M16 7GZ Unsold, the last bid was £137,000 and is available at £140,000. 36 127 Craig Road, Manchester, Lancashire, M18 7QW Sold for £36,000. 37 18 Brown Street, Radcliffe, Manchester, Lancashire, M26 4HW Sold for £50,000. 38 The Moston Public House, 67 Hillier Street North, Manchester, Lancashire, M9 4JB Sold for £35,000. 39 83 Roslyn Street, Belfast, County Antrim, BT6 8JL Sold for £42,000. 40 18 Kitchener Street, Pontnewynydd, Pontypool, Gwent, NP4 6QA Sold for £34,000. 41 715 & 717 Market Street, Whitworth, Rochdale, Lancashire, OL12 8LD Sold after auction for an undisclosed amount. 42 20 Sackville Street, Todmorden, Lancashire, OL14 5BS Sold Prior to auction, for an undisclosed amount. 43 9 Launceston Road, Callington, Cornwall, PL17 7BS Sold Prior to auction, for an undisclosed amount. 45 31 Weymouth Drive, Chafford Hundred, Grays, Essex, RM16 6BX Unsold, the last bid was £119,000 and is available at £120,000. 46 137 Blair Athol Road, Sheffield, South Yorkshire, S11 7GD Unsold, the last bid was £189,000. Please refer to Auctioneer for Reserve. 47 27 Glenalmond Road, Sheffield, South Yorkshire, S11 7GW Unsold, the last bid was £175,000. Please refer to Auctioneer for Reserve. 48 1 Brendon Avenue, Chesterfield, Derbyshire, S40 4NJ Sold for £89,000. 51 17 Portland Street, Stoke-on-Trent, Staffordshire, ST1 5DR Sold for £30,250. 54 1-2 Highwood Close, Courtenay Road, Newton Abbot, Devon, TQ12 1HZ Unsold, the last bid was £149,000 and is available at £150,000. 55 5 Rutherford Tower, Lovell Road, Southall, Middlesex, UB1 3LE Unsold, the last bid was £115,000 and is available at £125,000. 56 61 Fernagh Road, Omagh, County Tyrone, BT79 0PL Sold for £39,000. 57 13 Carr Street, Birstall, Batley, West Yorkshire, WF17 9DY Unsold, the last bid was £69,000 and is available at £70,000. 58 192 Queen Street, Ballymena, County Antrim, BT42 2BQ Unsold, the last bid was £47,000 and is available at £50,000. 59 24 Hillview, Walsall, West Midlands, WS9 8XJ Unsold, the last bid was £155,000 and is available at £165,000. 63 9 Cleveland Road, Sunderland, Tyne and Wear, SR4 7JS Sold for £61,000. 64 The Gables, Thrush Drive, Bury, Lancashire, BL9 6JD Unsold, the last bid was £155,000 and is available at £160,000. http://www.eigroup.co.uk/auctioneer-templates/results.aspx?a=557&c=gpl Northern Ireland is holding up well! Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted July 24, 2011 Share Posted July 24, 2011 High Elm. Over grown garden, no internal pix, needs a refurb... Half a mil Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted July 24, 2011 Share Posted July 24, 2011 One by me was bought last year for 400K, on again now after having a new stove put in for 450K.. One came on today, bought for 425K in 2006, yours today for 530K. Offered on one last week, been on at 625K for nine months, offered 12% under asking. We're in rented, money in the bank and mortgage ready and waiting. Only other interested party is someone unable to sell their 400K house but willing to pay asking price when theirs does sell. Offer firmly rejected, asking price or nothing. I assume they were so offended by our offer that they're now taking the 400K house in part ex. They all get asking price so happy days for them. I'm slowly losing the will to live. 9 houses we've offered on, not one single vendor willing to come down by more than a couple of percent. It's obviously not that grim up north. Extend your rental agreement for another year or two and relax. House prices are going nowhere but down. Quote Link to comment Share on other sites More sharing options...
grizzly bear Posted July 24, 2011 Share Posted July 24, 2011 Extend your rental agreement for another year or two and relax. House prices are going nowhere but down. I hope you are right, but we now realize that we made a huge mistake by not buying in Sept 2008, when we sold our house (we moved area to get kids into particular school, also old house too small). Basically people seem prepared to pay 30-40% more now that then, prices here are MORE than the so called 2007 peak. And no shortage of buyers. Very depressing as we could have bought then (we were influenced by this site and now we are priced out. On the up side we have a good landlord... Quote Link to comment Share on other sites More sharing options...
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