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TheCountOfNowhere

3 Years On The Market....what Boom !

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Despite the crazyy london bubble some stuff just hasnt sold:

http://www.rightmove.co.uk/property-for-sale/property-32330980.html

I think I know why it's not sold.....THE PRICE.

01/03/2015
Brief Description changed: An elegant and immaculate A beautifully presented Georgian former rectory set in a beautiful charming garden. Hall, cloakroom, 4 reception rooms, kitchen/breakfast room, utility room, wine cellar, 6 bedrooms, dressing room, 3 bath/shower rooms (1 en suite), outbuldings suite) Outbuildings and garaging. Superb garden in Garden and grounds. In all about 3.78 acres. (Available to rent at £3,500 pcm inc. gardener)
Price changed: Offers in Region of £1,350,000
Status changed: Period Property, null, null Property
22/02/2015
Price changed: £1,350,000
15/02/2015
Price changed: £1,350,000
Price changed: Offers in Region of £1,350,000
29/12/2014
Price changed: £1,350,000
Price changed: Offers in Region of £1,350,000
10/12/2014
Status changed: With Land, Period Property, null, null
03/12/2014
Status changed: Period Property, With Land, null, null
29/11/2014
Status changed: Period Property, null, null
Price changed: £1,350,000
Price changed: Offers in Region of £1,350,000
11/11/2014
Price changed: £1,350,000
Price changed: Offers in Region of £1,350,000
07/11/2014
Price changed: Offers in Region of £1,350,000
Status changed: null
03/11/2014
Price changed: £1,350,000
Status changed: Premium Listing, null, null
02/11/2014
Status changed: null
04/10/2014
Price changed: Offers in Region of £1,350,000
14/09/2014
Status changed: Premium Listing, With Land, null, null
05/06/2014
Price changed: Offers in Region of £1,350,000
Price changed: £1,350,000
10/05/2014
Price changed: Offers in Region of £1,500,000 £1,350,000
04/05/2014
Status changed: New Premium Listing, null, null
03/04/2014
Status changed: Open To Offers, New Listing, null, null
22/02/2013
Status changed: Premium Listing, Open To Offers, null
11/02/2013
Brief Description changed: An elegant and immaculate Georgian former rectory set in a beautiful garden. Hall, 4 reception rooms, kitchen/breakfast room, 6 bedrooms, dressing room, 3 bath/shower rooms (1 en suite), outbuldings and garaging. Superb garden in all about 3.78 acres. Also available (Available to rent at £3,500 pcm inc. gardener)
17/01/2013
Status changed: Premium Listing, null
07/01/2013
Brief Description changed: An elegant and immaculate Georgian former rectory set in a large and beautiful garden. Hall. 4 reception rooms, kitchen/breakfast room, 6 bedrooms, dressing room, 3 bath/shower rooms (1 en suite), outbuldings and garaging. Superb garden with arboretum and kitchen garden. In in all about 3.78 acres. Also available to rent at £3,500 pcm
01/01/2013
Status changed: from 'With Land, null' to 'null'
27/11/2012
Status changed: from 'With Land' to 'With Land, null'
03/10/2012
Price changed: Guide Price Offers in Region of £1,500,000
25/09/2012
Price changed: Guide Price £1,500,000
04/07/2012
Brief Description changed: An elegant and beautifully presented immaculate Georgian former rectory set in a large and beautiful garden. Hall. 4 reception rooms, kitchen/breakfast room, 6 bedrooms, dressing room, 3 bath/shower rooms (1 en suite), outbuldings and garaging. Superb garden with arboretum and kitchen garden. In all about 3.78 acres.
Price changed: Guide Price £1,600,000 £1,500,000
11/05/2012
Brief Description changed: An elegant and beautifully presented Georgian former rectory set in a lovely garden. large and beautiful garden. Hall. 4 reception rooms, 6 bedrooms, dressing room, 3 bath/shower rooms (1 en suite wet room, 2 bathrooms, outbuldings, extensive gardens and grounds. suite), outbuldings and garaging. Superb garden with arboretum and kitchen garden. In all about 3.78 acres.
Subtitle changed: 6 bedroom character property country house
01/03/2012
Brief Description changed: An elegant and beautifully presented Georgian former rectory set in a lovely garden. 4 reception rooms, 6 bedrooms, dressing room, en suite wet room, 2 bathrooms, outbuldings, extensive gardens and grounds. In all about 3.78 acres.
29/02/2012
Brief Description changed: A JANUARY NEW INSTRUCTION - An elegant and beautifully presented Georgian former rectory set in a lovely garden. 4 reception rooms, 6 bedrooms, dressing room, en suite wet room, 2 bathrooms, outbuldings, extensive gardens and grounds. In all about 3.78 acres.
24/02/2012
Status changed: from 'Premium Listing' to 'With Land'
Title changed: Brockhall, Northamptonshire
15/02/2012
Title changed: A JANUARY NEW INSTRUCTION - Brockhall, Northamptonshire
06/02/2012
Title changed: Brockhall, Northamptonshire
26/01/2012
Status changed: from 'New Listing' to 'Premium Listing'
15/01/2012
Title changed: A JANUARY NEW INSTRUCTION - Brockhall, Northamptonshire
02/01/2012
Initial entry found.

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This one clearly thinks the tories will create a new paradigm....

http://www.rightmove.co.uk/property-for-sale/property-40821664.html?premiumA=true

10/05/2015
Price changed: Offers in Excess of £1,200,000 £1,150,000
01/03/2015
Status changed: Premium Listing, null, null Listing
12/12/2014
Price changed: Offers in Excess of £1,200,000
10/12/2014
Price changed: £1,200,000
09/12/2014
Price changed: £1,200,000
Price changed: Offers in Excess of £1,200,000
15/11/2014
Price changed: £1,200,000
Price changed: Offers in Excess of £1,200,000
02/10/2014
Price changed: £1,250,000 Offers in Excess of £1,200,000
16/06/2014
Price changed: from '£1,375,000' to '£1,250,000'
27/09/2013
Price changed: from '£1,350,000' to '£1,375,000'
Status changed: Premium Listing, null, null
20/09/2013
Initial entry found.
Edited by TheCountOfNowhere

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12 months....no buyer...despite the london mega bubble....starting to get worried. ?

http://www.rightmove.co.uk/property-for-sale/property-43468912.html

6/05/2015
Brief Description changed: NEW PRICE - Charming former farmhouse standing on the village green in grounds approaching 0.8 acres complemented by a range of outbuildings including a large detached stone barn which had in the past benefitted from planning consent.
Price changed: Offers in Region of £765,000 £725,000
29/04/2015
Status changed: from 'Out Buildings' to 'Available'
04/03/2015
Status changed: Out Buildings, null, null Buildings
15/02/2015
Price changed: Offers in Region of £765,000
29/01/2015
Price changed: £765,000
27/01/2015
Title changed: High Street South, Tiffield, Towcester, Northamptonshire, NN12
14/12/2014
Price changed: Offers in Region of £765,000
30/11/2014
Price changed: £765,000
03/11/2014
Price changed: Offers in Region of £765,000
02/11/2014
Price changed: £765,000
29/10/2014
Price changed: £765,000
Price changed: Offers in Region of £765,000
25/09/2014
Price changed: Offers in Region of £765,000
23/05/2014
Price changed: £765,000
02/05/2014
Status changed: Out Buildings, null, null
Price changed: Guide Price £765,000
17/03/2014
Initial entry found.

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Happy birthday to this one, 1 next week

http://www.rightmove.co.uk/property-for-sale/property-44386261.html?premiumA=true

27/03/2015
Price changed: Guide Price £900,000 Offers in Excess of £850,000
Status changed: Premium Listing Listing, null, null
Status changed: Premium Listing, null, null Listing
07/03/2015
Brief Description changed: A modern brick under tile six bedroom detached property with accommodation in excess of 4200 sq. ft. and standing in a plot approaching five acres of established formal landscaped gardens and paddocks. acres. This property has been extended and refurbished by the present owners and has views over the garden to all aspects. (contd...)
26/02/2015
Price changed: Guide Price £950,000 £900,000
23/02/2015
Price changed: Guide Price £950,000
Status changed: Premium Listing, null, null Listing
28/01/2015
Price changed: £950,000
21/01/2015
Price changed: Guide Price £950,000
13/01/2015
Price changed: £950,000
29/12/2014
Price changed: £950,000
Price changed: Guide Price £950,000
09/12/2014
Price changed: £950,000
Price changed: Guide Price £950,000
02/12/2014
Price changed: £950,000
Price changed: Guide Price £950,000
01/12/2014
Price changed: £950,000
Price changed: Guide Price £950,000
03/11/2014
Price changed: £950,000
Price changed: Guide Price £950,000
01/10/2014
Price changed: Guide Price £950,000
21/08/2014
Price changed: from '£975,000' to '£950,000'
11/06/2014
Title changed: Hardwick Road, Hannington, Northampton, Northamptonshire, NN6
18/05/2014
Status changed: Premium Listing, null, null
17/05/2014
Initial entry found.

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its been a long year....this lot stinking to their commission based 2nd hand house salesman valuation

http://www.rightmove.co.uk/property-for-sale/property-45499526.html?premiumA=true

01/03/2015
Status changed: Premium Listing, null, null Listing
26/12/2014
Price changed: Guide Price £675,000
22/12/2014
Price changed: £675,000
05/11/2014
Price changed: Guide Price £675,000
03/11/2014
Price changed: £675,000
10/10/2014
Price changed: £675,000
Price changed: Guide Price £675,000
09/10/2014
Price changed: Guide Price £675,000
06/10/2014
Price changed: £675,000
23/09/2014
Price changed: Guide Price £675,000
28/03/2014
Initial entry found.
Status changed: Premium Listing, null, null

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How long ago was 100 months rent = value of property?

Asking rent in OP is £3.5k/mth. Assume £500 of that is for the gardener, so £3k/mth = £300k property.

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How long ago was 100 months rent = value of property?

Asking rent in OP is £3.5k/mth. Assume £500 of that is for the gardener, so £3k/mth = £300k property.

Who said that?

I tend to go on 150x is compelling value

120x is genuinely cheap

Edited by Si1

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either way, it's seriously over priced

I rent a house similar to this, but for almost 50% less a month (and it's also well under an hour door-to-door into central London). Given that this house isn't commutable into London, who do they think is going to be able to pay that sort of rent?

The truth about houses like this for rent is that they sit on the market for a year, then someone comes along offering to pay half that amount and the owners will take it.

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I rent a house similar to this, but for almost 50% less a month (and it's also well under an hour door-to-door into central London). Given that this house isn't commutable into London, who do they think is going to be able to pay that sort of rent?

The truth about houses like this for rent is that they sit on the market for a year, then someone comes along offering to pay half that amount and the owners will take it.

Is it on right move rentals? Maybe it has some property bee history.

I'm sure a londoner selling his terrace house could afford to buy this with a similar sized mortgage.

:lol:

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The boom where the bubble prices are still locked in, as evidenced by the asking prices they can still try and hold out for?

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What continues to amaze me is people sitting on 2M + properties in London in real shiteholes, who don't sell up, buy a gorgeous place for 750k cash (i.e. one of these advertised in the thread above - cash buyer bargaining hard) and pocket 1 million pounds to run the place. Even if you are, net, running at a loss of 100k a year after you switch jobs and invest the 1MM (highly unlikely for most people, once you factor in tax credits etc etc), you get ten years living in a wonderful place before you start to sweat. probably much cheaper living as well, and better schooling if you choose the right area.

Is it just me?

Edited by wherebee

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What continues to amaze me is people sitting on 2M + properties in London in real shiteholes, who don't sell up, buy a gorgeous place for 750k cash (i.e. one of these advertised in the thread above - cash buyer bargaining hard) and pocket 1 million pounds to run the place. Even if you are, net, running at a loss of 100k a year after you switch jobs and invest the 1MM (highly unlikely for most people, once you factor in tax credits etc etc), you get ten years living in a wonderful place before you start to sweat. probably much cheaper living as well, and better schooling if you choose the right area.

Is it just me?

When your house earns more than you do......worry.

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What continues to amaze me is people sitting on 2M + properties in London in real shiteholes, who don't sell up, buy a gorgeous place for 750k cash (i.e. one of these advertised in the thread above - cash buyer bargaining hard) and pocket 1 million pounds to run the place. Even if you are, net, running at a loss of 100k a year after you switch jobs and invest the 1MM (highly unlikely for most people, once you factor in tax credits etc etc), you get ten years living in a wonderful place before you start to sweat. probably much cheaper living as well, and better schooling if you choose the right area.

Is it just me?

No; how can they resist. Are they totally mad? Maybe we'll see a rush to market if prices begin declining.

I think some of it comes from many such owners, at all the higher end (£750K+)... not having any real idea how tough housing situation is for younger people, renting and vs very high prices.

Too many deliberately ignoring the extreme differences in position to how they started out, and how it is for younger people today.

Complacently not expecting any HPC... small island/big demand etc.. and Chinese/foreign investors who will always pay higher prices to live in the world capital of property. That's what some see UK as, but others have the title to parts of the US, Canada, Aus.

They could pass fortunes on to other family too, if they sold at near 90% of this peak... their loved ones.. and limit IHT (unless they've found ways around it, such as MEWing in the here and now... some reports suggest to do that as a way to avoid IHT... and yet to be seen if Tories up threshold to £1m from £325K/£650K duel.)

Others thinking their HPI gains year-after-year are baked in.

Sunday, June 08, 2014

Bank grapples with a strange kind of housing boom

..Why is it happening? Older people looking to downsize appear reluctant to do so, perhaps because the returns they can get on the savings they unlock are so abysmal, and cannot compare with the strongly rising price of the property they own. Instead of being a source of properties for sale, they have become the so-called “bed blockers” of the housing market.

http://www.economicsuk.com/blog/002028.html

Some say I see trolls everywhere... but we also have hpcers who can't see any value to older people downsizing from houses worth fortunes.. and banking hundreds of thousands of pounds. Fine.. it's the owners decisions, but they can't later complain into any HPC, about their house being worth substantially less.

Perhaps some owners, who don't own outright, will eventually panic to market and look to sell for lower prices, if/when market conditions change.. accepting lower prices and thus bringing entire market values down.

Aside from reducing IHT liability, it doesn't make much sense to downsize.

Moving from a £1million property to a £600K property costs £24K Stamp duty, £12K Estate agent fees (assuming 1% +VAT) and probably another £4K in various other costs. So that is £40K off the £400K "profit".

Even with no stamp duty the cost of moving is expensive. People may plan to downsize to release the value in the bricks and mortar, but rarely go through with it. Downsizing a property to ensure a married couple's assets are worth less than £650K is the real benefit for those who inherit the estate.

I see a future where mortgage deals will be available to people over 75, who will make the payments from their annuity/drawdown income or alternatively just take equity release as they still won't have paid off their original mortgage.

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