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TheCountOfNowhere

I Do Like A 44% Drop On A Thursday

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http://www.rightmove.co.uk/property-for-sale/property-52690913.html

13/08/2015

Price changed: Sale by Tender Offers in Excess of £1,100,000
24/06/2015
Price changed: from '£1,950,000' to 'Sale by Tender'
11/06/2015
Initial entry found.
A 44% drop, someone keen to get a sale...
How do you like them apples ?
That actually looks much better value than some of the S*** we see listed in Northants.

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Of course the price is daft anyway but Welwyn is a pretty damn expensive area - I can't help wondering whether there is some basic flaw - noise from the A1?

An aunt and a grandmother both had small 1920s bungalows with massive gardens in Mardley Avenue, on that map on other side of A1 - they both sold them in the 70s for relative tiny peanuts to developers. There are now 6 to 8 houses on each site. My aunt bought a new, small house closer to the one you link to on the same side of the A1 - it had to be sold some yrs ago when she went into a care home, and I was surprised at how expensive the area had become.

That stretch of A1 was supposed to be a favourite haunt of Dick Turpin, hence 'Turpin's Ride' and 'Robbery Bottom' nearby - as kids we found that last one very funny.

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This one sold for 40% more than it did in 2006, $1050000 versus £1450000

http://www.zoopla.co.uk/property/the-grange/pottersheath-road/welwyn/al6-9st/287854

Mental,. but true.

It seems there was no crash after all.

Are peiople with masses of money really that stupid ?

This listing is defintely back to 2007 levels, but as we know 2007 levels were 50% too high !!!!

Edited by TheCountOfNowhere

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At £1.9m it was a total joke. Now about right in this mkt. Will be veeeery interesting to see if it sells or not. Could be major clue as to real state of the mkt.

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At £1.9m it was a total joke. Now about right in this mkt. Will be veeeery interesting to see if it sells or not. Could be major clue as to real state of the mkt.

I was guessing the 1.9 was to try and entice someone to pay over the odds in a sealed bid job.

at about £200 per square feet, in a good area, that's a good price now compared to the crazy prices we've been seeing. I'd say it was 2007 level.

Would you buy in that area at that kind of price now ?

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Of course the price is daft anyway but Welwyn is a pretty damn expensive area - I can't help wondering whether there is some basic flaw - noise from the A1?

An aunt and a grandmother both had small 1920s bungalows with massive gardens in Mardley Avenue, on that map on other side of A1 - they both sold them in the 70s for relative tiny peanuts to developers. There are now 6 to 8 houses on each site. My aunt bought a new, small house closer to the one you link to on the same side of the A1 - it had to be sold some yrs ago when she went into a care home, and I was surprised at how expensive the area had become.

That stretch of A1 was supposed to be a favourite haunt of Dick Turpin, hence 'Turpin's Ride' and 'Robbery Bottom' nearby - as kids we found that last one very funny.

Its betwixt Welwyn and Stevenage though...i'd guess prices fall quite a bit the closer you get to Stevenage - its not nice.

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Another footballers house?

Yep, don't know who though, quite a variety of shirts and the framed one in pride of place has too much reflection off it to identify.

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I was guessing the 1.9 was to try and entice someone to pay over the odds in a sealed bid job.

at about £200 per square feet, in a good area, that's a good price now compared to the crazy prices we've been seeing. I'd say it was 2007 level.

Would you buy in that area at that kind of price now ?

Some would. If they can get the debt.

Me? Only if you paid me £500,000.

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I don't get the sealed bids thing. If someone bid £1.9M and got it via sealed bid, because they got carried away with it all, then a valuer would put a big fat 'NO' on any mortgage once they saw how overvalued it was. Sealed bids aren't binding, they can just pull out as normal.

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i wrote 1.6m on a piece of paper on monday then i wrote 1.1m on a piece of paper on thursday but no one bought the piece of paper from me

must be a drop , the pen never lies

Edited by longgone

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