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Repossessed Penthouse Flat Sold At Auction

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Barnard Marcus auction this afternoon (26th Oct) had a repossessed penthouse flat that went for £374,000.

The lot was number 15, sold by Halifax plc, described as a 'sixth floor duplex penthouse flat' at

45 Holland Gardens

Brentford

Middlesex

TW8 0BE

The flat included 'double aspect reception room with roof terrace, master bedroom with en-suite shower room/WC, two further bedrooms, kitchen, bathroom/WC'.

A sale price at £374,000 should be compared with the Land Registry entry of 17/12/2002 which showed the new price as £555,000

This makes a loss of £181,000 or about 33%

Barnard Marcus auction site

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Barnard Marcus auction this afternoon (26th Oct) had a repossessed penthouse flat that went for £374,000.

The lot was number 15, sold by Halifax plc, described as a 'sixth floor duplex penthouse flat' at

45 Holland Gardens

Brentford

Middlesex

TW8 0BE

The flat included 'double aspect reception room with roof terrace, master bedroom with en-suite shower room/WC, two further bedrooms, kitchen, bathroom/WC'.

A sale price at £374,000 should be compared with the Land Registry entry of 17/12/2002 which showed the new price as £555,000

This makes a loss of £181,000 or about 33%

Barnard Marcus auction site

keep it coming people, keep it coming

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I've been watching quite a few of the developments in Brentford.

Prices are about £330k up to £400k, for a 2 bed "luxury" apartment.

In Brentford, f******s sake!

What are these people smoking?

Some of the lock apartments are quite nice, but £400k for a 2 bed?

I guess there are people who have paid these prices.

According to house prices, none have sold this year :unsure::unsure:

http://www.houseprices.co.uk/e.php?q=TW8+0BE&n=10

This is prime crash territory.

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just checked this weeks auction on the barnard marcus site. The volume seems to be down. Only 66% sold. This seems low. Any comments?

The previous sales were

Wed 21 September 75%

Thur 28 July 76%

Wed 29 June 75%

Wed 25 May 70%.

Is there anything in this?

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Guest horace

It is simply a market correction.

Prices can go up or go down.

By the way `Smoking can damage your health`

Perhaps it is different this time?

horace

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Prices are about £330k up to £400k, for a 2 bed "luxury" apartment.

In Brentford, f******s sake!

What are these people smoking?

This is prime crash territory.

Those comments sum up my feelings exactly. Even including the massive price drop, the new price is still lunacy for a flat in a dump like Brentford.

Nomadd

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Barnard Marcus auction this afternoon (26th Oct) had a repossessed penthouse flat that went for £374,000.

The lot was number 15, sold by Halifax plc, described as a 'sixth floor duplex penthouse flat' at

45 Holland Gardens

Brentford

Middlesex

TW8 0BE

The flat included 'double aspect reception room with roof terrace, master bedroom with en-suite shower room/WC, two further bedrooms, kitchen, bathroom/WC'.

A sale price at £374,000 should be compared with the Land Registry entry of 17/12/2002 which showed the new price as £555,000

This makes a loss of £181,000 or about 33%

Barnard Marcus auction site

House price inflation was running at about 25% in 2002, so 555k was nowhere near the peak. Recon 700k+ could be nearer the mark, so more like a 50% reduction!

Bring it on!

James.

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Brentford was massively hyped as a redevelopment growth area 4/5 years ago. Several reasons:

1) Chiswick and Ealing were difficult areas to redevelop as most prime sites had already gone

2) It's close to river and there was a seemingly huge demand for riverside apartments

3) GSK moved into a huge new office near the raiway station and as part of their deal they asked for a doubling of peak time trains to and from central London. This would have made Brentford a decent option for commuters. These new rail services didn't materialise.

Brentford was and is a dump - the new developments are doomed.

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  • 301 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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