TheCountOfNowhere Posted June 25, 2015 Share Posted June 25, 2015 Venger pointed out that I only do these big drop threads for expensive houses....well here's what looks like modest drop but in % terms it's significant. http://www.rightmove.co.uk/property-for-sale/property-34884936.html?premiumA=true 24/06/2015 Price changed: from '£235,000' to '£200,000' So, 15% drop. In that search area it was 10/21 listings that were drops: 48% Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted June 25, 2015 Share Posted June 25, 2015 Is an auction though...and you pay another 5k for the pleasure of winning it! Though that seems to put a lot of people off...rarely do those auctions go for much more than the 'starting bid' Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 25, 2015 Author Share Posted June 25, 2015 Is an auction though...and you pay another 5k for the pleasure of winning it! Though that seems to put a lot of people off...rarely do those auctions go for much more than the 'starting bid' Well, at least it sets a price locally. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 25, 2015 Author Share Posted June 25, 2015 (edited) Here's another one sub 500K for Venger. http://www.rightmove.co.uk/property-for-sale/property-46698652.html?premiumA=true 24/06/2015 Status changed: from 'No Chain, Sold STC' to 'No Chain' 23/06/2015 Status changed: from 'No Chain' to 'No Chain, Sold STC' 30/04/2015 Price changed: from '£450,000' to '£395,000' 01/03/2015 Status changed: Premium Listing, null, null No Chain 28/12/2014 Price changed: from '£495,000' to '£450,000' 12/11/2014 Price changed: from '£525,000' to '£495,000' 24/10/2014 Initial entry found. 25% down. Sale just fallen through. 400K bought you a 5 bed house in a good area of Northants in 2007....£400K to live in wellingborough...not thanks The difference between End of Summer 2014 and mid summer 2015 is marked. Edited June 25, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
longgone Posted June 25, 2015 Share Posted June 25, 2015 found any drops in london or the south east yet ? Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 25, 2015 Share Posted June 25, 2015 Here's another one sub 500K for Venger. http://www.rightmove.co.uk/property-for-sale/property-46698652.html?premiumA=true 30/04/2015 Price changed: from '£450,000' to '£395,000' 25% down. Sale just fallen through. 400K bought you a 5 bed house in a good area of Northants in 2007....£400K to live in wellingborough...not thanks The difference between End of Summer 2014 and mid summer 2015 is marked. More interestingly 3 Castle Lane sold for £415k in March 2007... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 25, 2015 Author Share Posted June 25, 2015 More interestingly 3 Castle Lane sold for £415k in March 2007... And the northants land reg is 8% below the 2008 peak....so needs to sell for 381K to match that. Before FLS/HTB2 it would have been about 320K. I think we are heading back to pre-HTB2 prices soon enough. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted June 25, 2015 Share Posted June 25, 2015 South East? - my old neighbour, over the year, has reduced his price by 1\3, and now gone to auction - with no bids. Who'd thunk it. Poor space cadets. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 25, 2015 Author Share Posted June 25, 2015 South East? - my old neighbour, over the year, has reduced his price by 1\3, and now gone to auction - with no bids. Who'd thunk it. I do like a pro-HPC anecdote. Makes me smlle every time. There's about 10 insanely priced houses up for sale round me now. It looks like supply has hit the market but nothing seems to be shifting. Inclduing one massive house from May last year that held an open day, had queues out the door...no buyers....still no buyers. Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted June 25, 2015 Share Posted June 25, 2015 South East? - my old neighbour, over the year, has reduced his price by 1\3, and now gone to auction - with no bids. where? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted June 25, 2015 Share Posted June 25, 2015 More interestingly 3 Castle Lane sold for £415k in March 2007... Probably bought by a desperate* London commuter in 2007. Wellingborough can be as little as 45 mins by train to London...although paradoxically a season ticket is 30% more than one from Cambridge (an hour away from London) last time I looked, which perhaps puts many off. *I say desperate because generally speaking, central wellingborough isnt considered a particularly great area. Next time there's riots, they'll be the first to be looted! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 25, 2015 Author Share Posted June 25, 2015 *I say desperate because generally speaking, central wellingborough isnt considered a particularly great area. Next time there's riots, they'll be the first to be looted! Read as: It's a right s**thole. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted June 25, 2015 Share Posted June 25, 2015 where? Basically, a village around Aylesbury. There are some loonies about, but without a huge slug of equity, a bankers salary, or a serious blow to the head, many "potential" vendors are toast. It is just when the collapse is. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.