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spunkbubble

Greenwich Sums It Up?

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This caught my eye earlier:

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=OUTCODE^2310&minPrice=375000&maxPrice=400000&index=10

66488_439042A_BS1085_IMG_05_0002_max_620x414.JPG

Thu Aug 18 21:18:28 2011

Price changed: from '£460,000' to '£384,995'

Subtitle changed: 1 bedroom terraced Terraced house

Tue Feb 8 20:29:53 2011

Price changed: from '£525,000' to '£460,000'

Thu Aug 26 22:08:51 2010

Initial entry found.

The property is in 'east' Greenwich - which for those who don't know is very different to 'west' Greenwich. This particular property is right in front of a horrid council benefits estate and backs onto a row of kebap shops and fast burger/chicken eateries. It has no kitchen, bathroom, central heating, insulation. Thought it was a great example of how:

• prices are totally unrealistic

• a lot of property has been on the market over a year

• sellers are realising their asking prices need to drop

• in a falling market differences in areas can make polarise interest

Another actually made me laugh:

http://www.rightmove.co.uk/property-for-sale/property-17254405.html

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Tue Sep 13 22:27:32 2011

Price changed: from '£405,000' to '£395,000'

Thu Mar 20 02:06:09 2008

Initial entry found.

March 2008! In that time they have dropped £10k. By any standards the price is incredible - 775sq ft, one bedroom. Again, for those who don't know the area, 'north' Greenwich is where the O2 is. Really nice concept 10 years ago when they first started putting homes there but the concept never materialsed. It feels utterly soul-less, no shops, bars etc. Very industrial, a lot of air pollution and the ground must be contaminated from the old gas works. Tube is at least a 15-minute walk, Greenwich itself probably 40-minutes. Reports of sick and piss in the corridors and lifts, high service charges and an environmentally better but useless and expensive combined heat and power system.

Finally, I wonder if this shows how when the price is reduced there are buyers out there - but how easy is it to get the money from the lenders?

http://www.rightmove.co.uk/property-for-sale/property-18965493.html

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Fri Sep 2 10:35:18 2011

Status changed: from 'Under offer' to 'Available'

Wed Aug 3 21:25:45 2011

Status changed: from 'Available' to 'Under offer'

Thu Jul 14 07:36:48 2011

Price changed: from '£445,000' to '£399,500'

Sat May 28 19:29:39 2011

Initial entry found.

Probably lots of far better ilustrations out there but London we are told is the only area bucking the trend, apparently is still recording price rises and according to some is a safe haven investment for the world's money.

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Yes, that one in particular is quite something. It is a garage! To turn it into a home is going to need a lot of cash. And when it is done it will still look onto a benefits estate - well, they will be looking onto you at least waiting for you to go out so they can rob/mug/rape/graffiti/piss-though-the-letterbox/beg-for-change-and-fags.

Think I am becoming addicted to Property Bee - only discovered it yesterday. Should be at work instead of downing even more coffee and being nosey!

http://www.rightmove.co.uk/property-for-sale/property-31180009.html

4-weeks. £65k drop.

Wed Sep 14 09:23:06 2011

Price changed: £389,950 Offers in Excess of £324,950

Wed Aug 17 21:41:17 2011

Initial entry found.

Awful busy road full of fast food outlets for scum, a Wikes, Kwik-Fit, countless dirty flats above businesses. Owner has obviously watched too much 'Homes needing a Hammer' and 'Colin and Justin'.

You can even buy next-door to it!

http://www.rightmove.co.uk/property-for-sale/property-14335609.html

Mon Aug 22 15:53:55 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £52,500 £23,500 p.a.

Sat Aug 20 20:11:11 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £23,500 £52,500 p.a.

Wed Jul 27 21:43:43 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £52,500 £23,500 p.a.

Wed Jul 27 16:59:10 2011

Price changed: from '£550,000' to '£280,000'

Fri Jul 15 16:17:11 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £52,500 p.a.

Mon Jul 11 18:05:48 2011

Initial entry found.

Price cut in half! And the business turnover as well!! Would love to see this monkey on Dragons den going though his business figures: "Mr. Dooduu, I just want the numbers - year one, how many doner kebabs did you actually sell?"

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Yes, that one in particular is quite something. It is a garage! To turn it into a home is going to need a lot of cash. And when it is done it will still look onto a benefits estate - well, they will be looking onto you at least waiting for you to go out so they can rob/mug/rape/graffiti/piss-though-the-letterbox/beg-for-change-and-fags.

Think I am becoming addicted to Property Bee - only discovered it yesterday. Should be at work instead of downing even more coffee and being nosey!

http://www.rightmove...y-31180009.html

4-weeks. £65k drop.

Wed Sep 14 09:23:06 2011

Price changed: £389,950 Offers in Excess of £324,950

Wed Aug 17 21:41:17 2011

Initial entry found.

Awful busy road full of fast food outlets for scum, a Wikes, Kwik-Fit, countless dirty flats above businesses. Owner has obviously watched too much 'Homes needing a Hammer' and 'Colin and Justin'.

You can even buy next-door to it!

http://www.rightmove...y-14335609.html

Mon Aug 22 15:53:55 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £52,500 £23,500 p.a.

Sat Aug 20 20:11:11 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £23,500 £52,500 p.a.

Wed Jul 27 21:43:43 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £52,500 £23,500 p.a.

Wed Jul 27 16:59:10 2011

Price changed: from '£550,000' to '£280,000'

Fri Jul 15 16:17:11 2011

Brief Description changed: Freehold shop and upper part with advertisement hoarding investment currently generating £52,500 p.a.

Mon Jul 11 18:05:48 2011

Initial entry found.

Price cut in half! And the business turnover as well!! Would love to see this monkey on Dragons den going though his business figures: "Mr. Dooduu, I just want the numbers - year one, how many doner kebabs did you actually sell?"

Not bad getting £52k a year for a £280k investment though... just sayin'

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  • 335 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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