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TheCountOfNowhere

I Like To Start The Day With A...200K Drop.

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Times, they are a changing...

http://www.rightmove.co.uk/property-for-sale/property-45664646.html

10/06/2014
Price changed: from '£1,200,000' to '£995,000'
09/04/2014
Initial entry found.
And for good measure;
10/06/2014
Price changed: from '£975,000' to '£850,000'
05/04/2014
Initial entry found.

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Still waaaaaaaaaaaay overpriced but a 28.9% drop in asking price.

http://www.zoopla.co.uk/for-sale/details/29033533?search_identifier=3d27f486f718644c40e26be044bfa371 (Camden, London).

First listed
£1,195,000 on 17th May 2013

Asking price changes
  • £1,000,000 16.3% Reduced on: 21st May 2013
  • £925,000 7.5% Reduced on: 9th Jul 2013
  • £924,500 < 0.1% Reduced on: 10th Sep 2013
  • £850,000 8.1% Reduced on: 23rd Sep 2013
  • £815,000 4.1% Reduced on: 17th Oct 2013
  • £850,000 4.3% Increased on: 9th May 2014

Page views
Last 30 days: 919 | Since listed: 5,879
Figures updated once daily

Last sale
£622,500 on 1st May 2003

Edited by fru-gal

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Times, they are a changing...

http://www.rightmove.co.uk/property-for-sale/property-45664646.html

10/06/2014
Price changed: from '£1,200,000' to '£995,000'
09/04/2014
Initial entry found.

If you put the postcode into the rightmove 'price comparison report' then look at 'no longer on the market'. It seems to me they have floated this house on the market a few times in the past. Doesnt show as selling at any point so on that basis i guess its the same vendors all the way through.

£945k in 2009

£875k in 2010

£825k in 2011

So there you have it. Dropped the price to sell between 2009 - 11, but now wont sell it 'for less than its worth'. Havent they learned anything in the last 5 years of failing to sell?

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First listed

£1,195,000 on 17th May 2013

Asking price changes
  • £1,000,000 16.3% Reduced on: 21st May 2013
  • £925,000 7.5% Reduced on: 9th Jul 2013
  • £924,500 < 0.1% Reduced on: 10th Sep 2013
  • £850,000 8.1% Reduced on: 23rd Sep 2013
  • £815,000 4.1% Reduced on: 17th Oct 2013
  • £850,000 4.3% Increased on: 9th May 2014

Last sale

£622,500 on 1st May 2003

I've seen that place a few times on my RM searches for Bloomsbury (location I use to keep an eye on London market) - but not quite sure if it truly falls within Bloomsbury.

It's previously been a rental (archived listings link below)

http://www.zoopla.co.uk/property/14-argyle-street/london/wc1h-8eg/25458221

Also when it was bought for £622,500, in 2003 do you think it's since been split into 2 different flats by that buyer? Still a long way for this HPC to go.

Not sure what the appeal is with some of these other really large houses (running costs - middle of nowhere to thieves), and McMansions of the boom years. Diminishing number of upsizers; owners will have to give them away.

Edited by Venger

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