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TheCountOfNowhere

I love a 20% drop on a Wednesday

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http://www.rightmove.co.uk/property-for-sale/property-41031798.html

 

05/10/2016,    

    Price changed: Offers in Excess of £310,000 £295,000

30/09/2016,    

    Status changed: from 'Audio Tour' to 'Available'

18/08/2016,    

    Brief Description changed: A rare opportunity has arisen to own an incredible four bedroom end of terrace house. The deceptively spacious property boasts beauty and charm throughout, and is presented at to a stunning standard. standard of finish. (contd...)

16/05/2016,    

    Title changed: Bostock Avenue, Abington, Northampton, Northamptonshire, Northants, NN1  

13/05/2016,    

    Price changed: £340,000 Offers in Excess of £310,000  

14/04/2016,    

    Price changed: from '£365,000' to '£340,000'
    Status changed: from 'Premium Listing' to 'Audio Tour'

06/04/2016,    

    Status changed: from 'Available' to 'Premium Listing'

01/04/2016,    

    Initial entry found.

 

 

Just £195K over-priced now.

 

Looks liek the number of falls is starting to accelerate

Edited by TheCountOfNowhere

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3 minutes ago, Grumpysod said:

Cannot really get excited about these anecdotes, was it not well over priced to start with?

Annecdote ?  This is on rightmove/

 

This is a FACT.

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3 minutes ago, eek said:

I think its more the utter insanity of Northampton....

I cant disagree with that.


Same sort of house wouldnt sell for 175K in 2008.

 

Same house might have sold for 350K 12 months ago to some utter imbicile from London

Edited by TheCountOfNowhere

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Nice to see a big drop like that but not sure if it is still the correct price. Properly done up house in the area sold for £235,000 in 2015 it seems.

Would be interesting to see:

1) If the price falls further

2) House goes off the market quietly

3) Goes under SSTC and then off the market

............... or if they find a fool to offer close enough.

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How about this?

http://www.rightmove.co.uk/property-for-sale/property-40377543.html

05/10/2016,    

    Price changed: from '£214,950' to '£199,950'

30/09/2016,    

    Price changed: from '£224,950' to '£214,950' 
    Status changed: from 'Sold STC' to 'Available' 

21/04/2016,    

    Status changed: from 'Available' to 'Sold STC' 

04/04/2016,    

    Price changed: from '£235,000' to '£224,950' 

02/03/2016,    

    Initial entry found. 

 

'Sold STC' twice and came back to market.

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16 minutes ago, hi5lo5 said:

How about this?

http://www.rightmove.co.uk/property-for-sale/property-40377543.html

05/10/2016,    

    Price changed: from '£214,950' to '£199,950'

30/09/2016,    

    Price changed: from '£224,950' to '£214,950' 
    Status changed: from 'Sold STC' to 'Available' 

21/04/2016,    

    Status changed: from 'Available' to 'Sold STC' 

04/04/2016,    

    Price changed: from '£235,000' to '£224,950' 

02/03/2016,    

    Initial entry found. 

 

'Sold STC' twice and came back to market.

200K for a 1 bed flat....Criminal IMHO

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3 hours ago, TheCountOfNowhere said:

Looks liek the number of falls is starting to accelerate

I'm seeing the same around the Devon / Exeter area... 20-30% drops becoming quite normal.

Houses entering the market for the first time seem more competitively priced against the similar unsold stock that's been hanging around.

Tonnes of 'Reduced Property Alerts' in my inbox on a daily basis - and picking up pace.

Something is definitely happening.

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20% on a Thursday also makes me smile

 

http://www.rightmove.co.uk/property-for-sale/property-42205383.html

 

06/10/2016,    

    Price changed: £190,000 Offers in Excess of £175,000
    Status changed: from 'Sold STC' to 'Available'

04/10/2016,    

    Status changed: from 'Premium Listing' to 'Sold STC'

18/08/2016,    

    Price changed: from '£200,000' to '£190,000'

28/07/2016,    

    Price changed: from '£220,000' to '£200,000'
    Title changed: Kettering Road, Spinney Hill, Northampton, Northamptonshire, Northants, NN3  

07/06/2016,    

    Initial entry found.

 

 

 

They didnt hang about dropping the price after it fell through.

 

I wouldnt pay 50K for that s**te

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44 minutes ago, copydude said:

I love that phrase, 'deceptively spacious'.

To me, it should mean the opposite of what it is intended to mean.

 

 

 

Realistically Cramped.

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On 05/10/2016 at 2:20 PM, TheCountOfNowhere said:

I cant disagree with that.


Same sort of house wouldnt sell for 175K in 2008.

 

Same house might have sold for 350K 12 months ago to some utter imbicile from London

Why would a Londoner want to move to Northampton? Lots of jobs? Can't be the commute as that line to London is pedestrian. If he did the he certainly is a fool!

 

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Guest

Small drops in prices combine to form big drops. Drops in one street cause drops in other streets. Sentiment changes, Halifax/nationwide show drops, they make the news, sentiment changes, etc etc.

The examples of drops posted by the count, myself and others are just snapshots of changes in sentiment. We never suggest they're now good value, just that they're all pieces of the jigsaw. Thus I'm baffled why there is always a flurry of "still too expensive" or "that's in a sh%t town anyway". You're missing the entire point!

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