Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 2 hours ago, moonriver said: Very interestingwatching this... just quickly looked up one that just sold... lot 133, sold today for £20.000. 7 Haig Terrace, Ferryhill, Durham. DL17 8NR. Last sale was in December 2007 for £40,000. Not much of an investment then! http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=58317025&sale=39840630&country=england Yeah,there were loads from Ferryhill.Very much resembled a firesale of a large local BTLer.Even on gross yields of near 20% there was little demand.Despite all the enticements such as 'this is no money',cheap at the price' etc etc Watching the auctioneer scratching for £250 increments on one bed flats going for £16k in Bradford.............Ominous...... Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 1 minute ago, Sancho Panza said: Watching the auctioneer scratching for £250 increments on one bed flats going for £16k in Bradford.............Ominous...... Maybe theyll be dropping the increments to £50 at allsops next month lol Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 26 minutes ago, Patient London FTB said: Just totted up the London lots and only 13 out of 26 sold on the day. Not counting 'sold prior' or 'withdrawn' lots. I thought that was quite telling.I watched the Islington one live(as mentioned before).It got put in at the last minute.Clearly,someone bid it up to the reserve and then what do you know...unsold at £1mn plus change. In the old days we had M21er and thereafter Tommyboy who managed to set up auction threads where the prices and losses got updated live on thread.Good days. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 Just now, GreenDevil said: Maybe theyll be dropping the increments to £50 at allsops next month lol Really was quite telling imo.Auctioneer at one stage gave a proper ticking off to someone slow bidding £250 increments............He then proceeded to take three more slowish £250 bid ups..........hilarious. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 33 minutes ago, crazypabs said: really enjoyed the parasites actually trying to earn a living, lol EA's will be cautiously watching the markets now. Allsop is the next major auction, as we get closer to the April deadline for salt we should see fewer buyers still Que? Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 7 minutes ago, Sancho Panza said: I thought that was quite telling.I watched the Islington one live(as mentioned before).It got put in at the last minute.Clearly,someone bid it up to the reserve and then what do you know...unsold at £1mn plus change. This practice should be banned, well dodgy, downright dishonest con. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 2 hours ago, crazypabs said: subdued is an understatement. One couple high fives each other but appears to be the same people bidding on the cheap lots Catching a falling knife.It's only a 20% yield if they pay you. 1 hour ago, moonriver said: lot 157- a slow struggle to get up to it, but sold at £142,000. Last sold for £290,000 in 2004!! http://www.rightmove.co.uk/house-prices/detail.html?country=england&locationIdentifier=POSTCODE^62691&searchLocation=BH10+7BX&referrer=landingPage&addGoogleTagManager=true 7, Georgian Way, Bournemouth BH10 7BX £290,000 Detached, Freehold 07 Oct 2004 Wow and wow again.Nearly back to it's 1999 price. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 1 minute ago, Sancho Panza said: Catching a falling knife.It's only a 20% yield if they pay you. Wow and wow again.Nearly back to it's 1999 price. That might be a flat split, student central perhaps? Looks like some decent sized detached houses on that road, id be very surpised if a detached in Bournemouth went for that price. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 1 hour ago, GreenDevil said: Lot 179, staffs, last bid 525k, unsold http://www.zoopla.co.uk/property/the-old-vicarage/dove-lane/rocester/uttoxeter/st14-5la/23018402 http://www.rightmove.co.uk/property-for-sale/property-58292905.html Mortgagees in possession. Another Wow!!! Not your average repo. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 1 hour ago, GreenDevil said: Lot 187, Sold 70k, last sold 60k in 2002 http://www.zoopla.co.uk/property/8-oak-crescent/havercroft/wakefield/wf4-2qf/25629958 Zoopla estimate £132k........................................... Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 1 hour ago, GreenDevil said: Leicester lot 192, last bid 172, unsold http://www.zoopla.co.uk/property/33-balmoral-road/melton-mowbray/le13-1jn/12984665 Zoopla saying £216k....you do wonder what some of these punters are after.It's an auction,buyers go to auction to get a discount for a quicker sale.Someone's been watching too much HUTH. 1 hour ago, GreenDevil said: East Sussex, last bid 146, unsold http://www.zoopla.co.uk/property/24-london-road/hurst-green/etchingham/tn19-7qp/23985302 Sales finished. Looks pretty bad to me, lots of unsold and that is selling is prolly BTL dumping at the lowest bid, which is WAY under expectations. On streetview,it looks like a main road.Zoopla estimate £249k,another HUTH fan. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 12 minutes ago, GreenDevil said: That might be a flat split, student central perhaps? Looks like some decent sized detached houses on that road, id be very surpised if a detached in Bournemouth went for that price. It's an auction.It depends who's there.Your people farmers will still be there,but they're not interested in 4% gross yields on detached properties with high council tax banding. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 19 minutes ago, GreenDevil said: This practice should be banned, well dodgy, downright dishonest con. There was an auction thread posted a week or two back where the practice is clearly really common.Loads of stuff going unsold with substantial bids not hitting reserve. Quote Link to comment Share on other sites More sharing options...
highcontrast Posted March 13, 2017 Share Posted March 13, 2017 The Bournemouth sale deserves a thread in its own right! (IMO) Quote Link to comment Share on other sites More sharing options...
crazypabs Posted March 13, 2017 Share Posted March 13, 2017 32 minutes ago, Sancho Panza said: Que? oopsy, I meant Section 24 changes not SDLT. Soz! Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 6 minutes ago, Sancho Panza said: It's an auction.It depends who's there.Your people farmers will still be there,but they're not interested in 4% gross yields on detached properties with high council tax banding. Take a look on street view, very nice road and nice property. https://www.google.co.uk/maps/@50.7621743,-1.8790485,3a,75y,235.1h,84.1t/data=!3m6!1e1!3m4!1s-OiENZIXg-Jtk7HAQrscPg!2e0!7i13312!8i6656!6m1!1e1 Quote Link to comment Share on other sites More sharing options...
crazypabs Posted March 13, 2017 Share Posted March 13, 2017 2 minutes ago, GreenDevil said: Take a look on street view, very nice road and nice property. https://www.google.co.uk/maps/@50.7621743,-1.8790485,3a,75y,235.1h,84.1t/data=!3m6!1e1!3m4!1s-OiENZIXg-Jtk7HAQrscPg!2e0!7i13312!8i6656!6m1!1e1 4 minutes ago, deadlyavenger said: The Bournemouth sale deserves a thread in its own right! (IMO) 11 minutes ago, Sancho Panza said: It's an auction.It depends who's there.Your people farmers will still be there,but they're not interested in 4% gross yields on detached properties with high council tax banding. 26 minutes ago, GreenDevil said: That might be a flat split, student central perhaps? Looks like some decent sized detached houses on that road, id be very surpised if a detached in Bournemouth went for that price. I live not far from there, it is not accessible to student at all. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 3 minutes ago, crazypabs said: oopsy, I meant Section 24 changes not SDLT. Soz! Just wondered.Thanks for your input in this thread,it's got us all watching. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 (edited) 5 minutes ago, GreenDevil said: Take a look on street view, very nice road and nice property. https://www.google.co.uk/maps/@50.7621743,-1.8790485,3a,75y,235.1h,84.1t/data=!3m6!1e1!3m4!1s-OiENZIXg-Jtk7HAQrscPg!2e0!7i13312!8i6656!6m1!1e1 Gorgeous. To be fair,the whole auction looked like carnage.People farmers don't turn down gross yields of 20% wihtout good reason.Maybe we've reached people farming saturation point? Then there was the lack of sales in London and the fact that most of the houses that weren't terraces on 20% yields didn't make reserve............ Fascinating stuff. M21er,Tommyboy.............come back.... Edited March 13, 2017 by Sancho Panza Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 2 minutes ago, crazypabs said: I live not far from there, it is not accessible to student at all. Audi convertble and VW transporter parked out front... Def not student then. Quote Link to comment Share on other sites More sharing options...
Sancho Panza Posted March 13, 2017 Share Posted March 13, 2017 2 minutes ago, GreenDevil said: Audi convertble and VW transporter parked out front... Def not student then. Was interesting seeing that old vicarage in Staffs not sell for £500k.... You don't normally get quality repo's going through auction. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 Re bournemouth Page 121, sorry my mistake, looks like a cheap chalet semi. https://www.eigpropertyauctions.co.uk/files/5/25614/1ada81f0-011c-4faa-b90a-86c739704324.pdf Quote Link to comment Share on other sites More sharing options...
honkydonkey Posted March 13, 2017 Share Posted March 13, 2017 (edited) It's a semi: Gates are locked with a padlock, no public access. Perhaps there's rights of way issues or something going on. Also letterbox goes on the floor hehe. Something about it is dodgy imho. Edited March 13, 2017 by honkydonkey Quote Link to comment Share on other sites More sharing options...
highcontrast Posted March 13, 2017 Share Posted March 13, 2017 1 minute ago, GreenDevil said: Re bournemouth Page 121, sorry my mistake, looks like a cheap chalet semi. https://www.eigpropertyauctions.co.uk/files/5/25614/1ada81f0-011c-4faa-b90a-86c739704324.pdf Regardless, it's still 50% off the 2004 price!!! Sh!t the bed! HPC cometh Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted March 13, 2017 Share Posted March 13, 2017 1 minute ago, Sancho Panza said: Was interesting seeing that old vicarage in Staffs not sell for £500k.... You don't normally get quality repo's going through auction. I dont know the area but aint that near stoke? Isnt that the 2nd cheapest place in UK (after durham)?. Quote Link to comment Share on other sites More sharing options...
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