Democorruptcy Posted April 12, 2017 Share Posted April 12, 2017 2 hours ago, Sancho Panza said: Yeah this is common these days,clearly owners bidding up to the reserve Londinium is still liquid though. The auction was in London. Do penniless vendors up North not have the money to pay for trips down South to bid up their property? Is the moral of the story to look for a property in a location as far away as possible from where it is being auctioned? Quote Link to comment Share on other sites More sharing options...
NorthernMonkey Posted April 12, 2017 Share Posted April 12, 2017 Surely it's more likely to just be the auctioneer taking bids off the wall in the hope that some mug jumps in to 'bag a bargain' which is conveniently the price at which the reserve is set. Horrific business practice, but presumably legal. Quote Link to comment Share on other sites More sharing options...
monkeyprojects Posted April 12, 2017 Share Posted April 12, 2017 Looking at 198 Apartment 408, Pandongate House, City Road, Newcastle upon Tyne, Tyne and Wear, NE1 2AY Unsold, the last bid was £155,000 and is available at £160,000 I suspect that house prices in the north are rapidly approaching 2004 prices - given that this went for £120,000 new and I suspect that £155,000 offer doesn't exist - its a repossession last sold for when new so anything over £120,000 and the mortgage company would be happy heck anything above the actual mortgage and they would be happy.... On seconds thought could it be that the mortgage is over £120,000 due to equity withdrawal - oops.... Quote Link to comment Share on other sites More sharing options...
SE10 Posted April 12, 2017 Share Posted April 12, 2017 Top investigative work HPC, roll on the day it happens in London! Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted April 12, 2017 Share Posted April 12, 2017 10 hours ago, Democorruptcy said: The auction was in London. Do penniless vendors up North not have the money to pay for trips down South to bid up their property? Is the moral of the story to look for a property in a location as far away as possible from where it is being auctioned? They'll be S24 sellers,pro flippers who chuck it into a London auction looking for foreign suckers or mortgagees in possession. 9 hours ago, NorthernMonkey said: Surely it's more likely to just be the auctioneer taking bids off the wall in the hope that some mug jumps in to 'bag a bargain' which is conveniently the price at which the reserve is set. Horrific business practice, but presumably legal. Â Quote Link to comment Share on other sites More sharing options...
crazypabs Posted April 18, 2017 Share Posted April 18, 2017 new email from bm trying to preauction sale a portfolio of btl properties link Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted April 18, 2017 Share Posted April 18, 2017 1 hour ago, crazypabs said: new email from bm trying to preauction sale a portfolio of btl properties link The Rose Portfolio? Is it called that because it wilts and dies just four days after you buy it? Quote Link to comment Share on other sites More sharing options...
crazypabs Posted April 18, 2017 Share Posted April 18, 2017 3 hours ago, Patient London FTB said: The Rose Portfolio? Is it called that because it wilts and dies just four days after you buy it? every rose has it's thorn, just like every cowboy (LL) sings a sad sad song (as they are declared bankrupt) Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted April 19, 2017 Share Posted April 19, 2017 20 hours ago, crazypabs said: every rose has it's thorn, just like every cowboy (LL) sings a sad sad song (as they are declared bankrupt) And every (Frank) Knight has its Dawn (on reception) telling the leveraged landlord that Damien, the agent, is out showing another property at the moment but he did say to to tell you if you called that there hadn't been any interest from any buyers yet and you might want to think about dropping the price. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted April 19, 2017 Share Posted April 19, 2017 Lot Address Asking Price A Garden Flat, 151 Abbey Road, West Hampstead, London, NW6 4SS £750,000 B First Floor Flat, 151 Abbey Road, West Hampstead, London, NW6 4SS £650,000 C Ground Floor Flat, 2 Abbot’s Place, West Hampstead, London, NW6 4NP £465,000 D First Floor Flat, 2 Abbot’s Place, West Hampstead, London, NW6 4NP £450,000 E Ground Floor Flat, 17 Priory Terrace, West Hampstead, London, NW6 4DG £425,000 F Second Floor Flat, 17 Priory Terrace, West Hampstead, London, NW6 4DG £450,000 G Flat 4, 18 Lancaster Road, South Norwood, London, SE25 4AJ £250,000 H Flat 7, 18 Lancaster Road, South Norwood, London, SE25 4AJ £265,000 I First Floor Flat, 73 Brookwood Road, Wimbledon, London, SW18 5BG £650,000  Looks like the poor chap got priced out of Hampstead?  450m2 of london for 4.4million, bargain, dont everyone jump at once  Lets assume he has 2mill of debt  Quote Link to comment Share on other sites More sharing options...
This time Posted April 19, 2017 Share Posted April 19, 2017 The 'Wimbledon' one is 'worth' about £450. This one with an almost identical floor plan (ground floor rather than first floor) sold for £550k last year - it looks to be in better nick, it has a garden and the market has turned around here since then.  Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 16, 2017 Share Posted May 16, 2017 (edited) Auction today. Just watched https://liveauctions.eigroup.co.uk/auction/show/25616 Just seen lot 123 go through sold at 157k, next door last sold in 2015 for 235. Zoopla estimate 255. Edited May 16, 2017 by GreenDevil Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 16, 2017 Share Posted May 16, 2017 Lot 125 18 Pebworth Grove, Dudley, West Midlands, DY1 3BQ Sold 92, next door estimate 149k  Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 16, 2017 Share Posted May 16, 2017 Lot 126 53 Rouse Street OL11 4PG  Sold 89k  Zoopla estimate 133k  Seems to be a pattern emerging here lol, zoopla is about 40% out Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted May 16, 2017 Share Posted May 16, 2017 Lot 130 sold for 29,000Â previous sale 57,950 n 2004, -50% in 13 years! Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 16, 2017 Share Posted May 16, 2017 (edited) http://www.zoopla.co.uk/property-history/14-wesley-street/coundon-grange/bishop-auckland/dl14-8uh/43067954 Lot 135, 136Â 25% yield, sold 27k, 26k. 25% yield Lot 134 18k 2 bed terrace. Cheap as chips! Edited May 16, 2017 by GreenDevil Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 16, 2017 Share Posted May 16, 2017 (edited) Lot 141 17 Hales Close, Snitterfield, Stratford-upon-Avon, Warwickshire, CV37 0JT  Sold 2009 for 175k, sold for 200k, zoopla estimate 230k.  Edited May 16, 2017 by GreenDevil Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 16, 2017 Share Posted May 16, 2017 blood bath up north  Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 16, 2017 Share Posted May 16, 2017 lot 142 last bid was 36k...sold in 2008 for 105k  Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted May 16, 2017 Share Posted May 16, 2017 1 minute ago, Roman Roady said: lot 142 last bid was 36k...sold in 2008 for 105k  Should of heard the auctioneer, 'Just cant let it go at that price' lol Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 16, 2017 Share Posted May 16, 2017 Land/plots in Tunbridge Wells cheap...lot 156 (plot 6) is 1.6 acres for under 8k FFS! Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted May 16, 2017 Share Posted May 16, 2017 Lot 179 DL14 8ST (Bishop Auckland) 42.5k in 2004, 63.5k in 2006, sold for 28k...well and truly over up north. Quote Link to comment Share on other sites More sharing options...
SOLZHENITSYN Posted May 16, 2017 Share Posted May 16, 2017 What about London properties? Were they at the start of the Auction? Quote Link to comment Share on other sites More sharing options...
JamesMorgan Posted May 16, 2017 Share Posted May 16, 2017 1 minute ago, SOLZHENITSYN said: What about London properties? Were they at the start of the Auction? https://liveauctions.eigroup.co.uk/auction/show/25616 Â Scroll down to the bottom. Loads unsold. Quote Link to comment Share on other sites More sharing options...
ASBEAR Posted May 16, 2017 Share Posted May 16, 2017 I quite like this festive atmosphere! Quote Link to comment Share on other sites More sharing options...
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