Jump to content
House Price Crash Forum
Sign in to follow this  
TheCountOfNowhere

Not sure what's funnier the asking priced of the £300K drop

Recommended Posts

http://www.rightmove.co.uk/property-for-sale/property-44269656.html

 

24/10/2016,    

    Price changed: Guide Price £995,000 £795,000  

20/09/2016,    

    Price changed: Guide Price £1,100,000 £995,000  

19/09/2016,    

    Initial entry found.

 


Talk about skewing the RM averages.

Share this post


Link to post
Share on other sites
32 minutes ago, TheCountOfNowhere said:

http://www.rightmove.co.uk/property-for-sale/property-44269656.html

 

24/10/2016,    

    Price changed: Guide Price £995,000 £795,000  

20/09/2016,    

    Price changed: Guide Price £1,100,000 £995,000  

19/09/2016,    

    Initial entry found.

 


Talk about skewing the RM averages.

I would hate to think what the maintenance charges are on that!

Share this post


Link to post
Share on other sites
2 hours ago, TheCountOfNowhere said:

http://www.rightmove.co.uk/property-for-sale/property-44269656.html

 

24/10/2016,    

    Price changed: Guide Price £995,000 £795,000  

20/09/2016,    

    Price changed: Guide Price £1,100,000 £995,000  

19/09/2016,    

    Initial entry found.

 


Talk about skewing the RM averages.

Last few sales on range from 480,000 to 600,000, so prolly at least 195k fantasy price hike. OK out might be bigger but it miught not.

Where do we get these fools from? 

Share this post


Link to post
Share on other sites

Looks like it is the one that sold for 475k in 1998.

New asking price is therefore about 70% nominal increase over 18 years (or approx. 16% loss in real terms).

If the Nationwide average price since 1998 had changed by a similar amount the average nominal house price would have gone from 65k in 1998 to around 110k now, which seems to me to about right (3.5 x average wage).

Its could actually be a 'poster property' for HPC (assuming 475k in 1998 was fair value....)

Share this post


Link to post
Share on other sites
13 hours ago, goldbug9999 said:

To be fair the square footage is about double that of a decent sized 4 bed detached house, and you cant argue with the setting. Definitely seen a lot worse for the money.

+1. £795,000 for 266m2 is just shy of £3,000 per m2. Seen much worse!

Share this post


Link to post
Share on other sites
On 26/10/2016 at 6:01 PM, CunningPlan said:

I would hate to think what the maintenance charges are on that!

It still amazes me that maintenance and service changes are never included in the pricing.  

I mean, I would never buy a mobile phone and network plan without asking what the monthly charges were.  

Bizarre!

Share this post


Link to post
Share on other sites

This one is even funnier. -25% with removing 'star buy'

http://www.rightmove.co.uk/property-for-sale/property-53630209.html

 

Quote
28/10/2016,
  • Status changed: from 'Star Buy' to 'Available'
27/09/2016,
  • Price changed: Offers in Excess of £489,000 £449,950  
01/08/2016,
  • Price changed: Offers in Excess of £600,000 £489,000  
29/04/2016,
  • Brief Description changed: Put Your Own Mark On This House Detached This is a detached two bedroom bungalow bungalow, in a popular residential area with a garage and a shared driveway. Front The front porch opens into the entrance hallway with doors to the 2 bedrooms, a delightful living/dining room area leading to the kitchen and has a family bathroom and bathroom.  
  • Status changed: from 'Available' to 'Star Buy
03/04/2016,
  • Initial entry found. 

 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   94 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.