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dyfarnwr

Rightmove Reductions: South Wales

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First post!

A lot of the threads on the site naturally look at the more expensive parts of the UK - top of the market collapses first and all that - but I thought I'd start a thread looking at how some of the cheaper properties are getting on. Hopefully it'll get a bit of discussion around the south Wales market going.

First up - interior design suggests probate sale and a drastic price cut (albeit now going to auction with the hope of beating the guide) indicating a keenness to sell.

http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^968&radius=10.0&sortType=1&index=24&includeSSTC=false

12/09/2016    £59,000

20/12/2016    £36,000 (-38.98%)

Set to go to auction 22 Feb 2017. Will it sell? ;)

 

Will add some more of these over time.

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Another - though this one really not so bad at all - in Maesteg, to the north of Bridgend.

Initial entry on 04/09/2016 with price of £62,500.

Price changed on 18/01/2017 from £62,500 to a guide price of £40,000 (-36.00%)

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Seems tatty and undesirable places are hard to shift, better places more likely to shift, overall around Blaenau Gwent area the stats for sold prices seem to indicate a rise of a couple of % over each of the last couple of years as far as I can tell and if I recall correctly. Massive kite flying as always.

Edit: auction guide prices mean little or nothing.

Edited by bricor mortis
as above.

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On 1/27/2017 at 1:41 PM, bricor mortis said:

Seems tatty and undesirable places are hard to shift, better places more likely to shift, overall around Blaenau Gwent area the stats for sold prices seem to indicate a rise of a couple of % over each of the last couple of years as far as I can tell and if I recall correctly. Massive kite flying as always.

Edit: auction guide prices mean little or nothing.

But sold prices are the market price 

02/2017

12/2016

10/2016

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