TheCountOfNowhere Posted July 19, 2017 Author Share Posted July 19, 2017 http://www.rightmove.co.uk/property-for-sale/property-57390211.html 12/07/2017, Price changed: £680,000 Offers in Excess of £650,000 22/05/2017, Status changed: from 'Sold STC' to 'Available' 23/02/2017, Status changed: from 'Under offer' to 'Sold STC' 23/01/2017, Status changed: from 'Available' to 'Under offer' 30/12/2016, Initial entry found. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted July 19, 2017 Share Posted July 19, 2017 On 15/07/2017 at 7:27 PM, GreenDevil said: Which one would you buy? http://www.rightmove.co.uk/property-for-sale/property-54712816.html http://www.rightmove.co.uk/overseas-property/property-41783523.html There's good reason why those huge French places are relatively cheap - hardly anyone can afford to maintain them. A relative of Mr B's has one. He told me once that just the heating oil cost 50,000 euros a year. There is also a full time live in caretaker cum handyman, and that's without any of the other bills you're going to get with a four hundred year old property. You need very deep pockets. As they used to say years ago about buying a Rolls, if you have to think whether you can afford it, you can't. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 19, 2017 Author Share Posted July 19, 2017 5 minutes ago, Mrs Bear said: There's good reason why those huge French places are relatively cheap - hardly anyone can afford to maintain them. A relative of Mr B's has one. He told me once that just the heating oil cost 50,000 euros a year. There is also a full time live in caretaker cum handyman, and that's without any of the other bills you're going to get with a four hundred year old property. You need very deep pockets. As they used to say years ago about buying a Rolls, if you have to think whether you can afford it, you can't. The same will apply to those teachers on 30K a year who've landed "lucky" in London and moved to the shires and bought a large houses....good luck. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 19, 2017 Author Share Posted July 19, 2017 http://www.rightmove.co.uk/property-for-sale/property-46376685.html 19/07/2017, Price changed: from '£799,500' to '£775,000' Status changed: from 'Sold STC' to 'Available' 11/07/2017, Status changed: from 'Available' to 'Sold STC' 24/06/2017, Status changed: from 'Sold STC' to 'Available' 22/06/2017, Status changed: from 'Available' to 'Sold STC' 15/04/2017, Brief Description changed: Superbly appointed 4 bedroom family home having recently undergone major works of improvement and now bedroom, 2 bathroom family home offered for sale in excellent order throughout providing a spacious and well planned family home backing onto close to both Wood End JMI School. schools. Price changed: from '£850,000' to '£799,500' 14/02/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 19, 2017 Author Share Posted July 19, 2017 http://www.rightmove.co.uk/property-for-sale/property-65318294.html 19/07/2017, Price changed: Guide Price £750,000 Offers in Excess of £700,000 Status changed: from 'Sold STC' to 'Available' 13/06/2017, Status changed: from 'Available' to 'Sold STC' 20/03/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 19, 2017 Author Share Posted July 19, 2017 This pattern seems to be very common now. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted July 19, 2017 Share Posted July 19, 2017 4 hours ago, TheCountOfNowhere said: http://www.rightmove.co.uk/property-for-sale/property-46376685.html 19/07/2017, Price changed: from '£799,500' to '£775,000' Status changed: from 'Sold STC' to 'Available' 11/07/2017, Status changed: from 'Available' to 'Sold STC' 24/06/2017, Status changed: from 'Sold STC' to 'Available' 22/06/2017, Status changed: from 'Available' to 'Sold STC' 15/04/2017, Brief Description changed: Superbly appointed 4 bedroom family home having recently undergone major works of improvement and now bedroom, 2 bathroom family home offered for sale in excellent order throughout providing a spacious and well planned family home backing onto close to both Wood End JMI School. schools. Price changed: from '£850,000' to '£799,500' 14/02/2017, Initial entry found. What a bargain, im sure someone will snap it up shortly. Give it time, SSTC by the end of the month? After all prices are rising you know (doesnt matter that its probably only worth only £250k) Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 20, 2017 Author Share Posted July 20, 2017 Harpenden looks to me to be the most insane house prices in the world !!! Several sales falling through there today, no bloody wonder !!! http://www.rightmove.co.uk/property-for-sale/property-64673744.html 18/07/2017, Brief Description changed: MODERN FAMILY HOME IN LOVELY VILLAGE LOCATION. GUIDE PRICE £650,000 to £675,000 A stunning five bedroom detached family house in the pretty Hertfordshire village of Ickleford. The property was built in 2011 to a very high specification.The accommodation includes five double bedrooms four of which have en suite bathrooms. All roo... rooms are double ... Price changed: Guide Price £675,000 £650,000 06/07/2017, Status changed: from 'Sold STC' to 'Available' 20/03/2017, Status changed: from 'Available' to 'Sold STC' Price changed: £675,000 Price changed: Guide Price £675,000 18/02/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 20, 2017 Author Share Posted July 20, 2017 http://www.rightmove.co.uk/property-for-sale/property-65511287.html 22/06/2017, Status changed: from 'Sold STC' to 'Available' 27/04/2017, Status changed: from 'Available' to 'Sold STC' 28/03/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 20, 2017 Author Share Posted July 20, 2017 http://www.rightmove.co.uk/property-for-sale/property-46376685.html 19/07/2017, Price changed: from '£799,500' to '£775,000' Status changed: from 'Sold STC' to 'Available' 11/07/2017, Status changed: from 'Available' to 'Sold STC' 24/06/2017, Status changed: from 'Sold STC' to 'Available' 22/06/2017, Status changed: from 'Available' to 'Sold STC' 15/04/2017, Brief Description changed: Superbly appointed 4 bedroom family home having recently undergone major works of improvement and now bedroom, 2 bathroom family home offered for sale in excellent order throughout providing a spacious and well planned family home backing onto close to both Wood End JMI School. schools. Price changed: from '£850,000' to '£799,500' 14/02/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 20, 2017 Author Share Posted July 20, 2017 These are seriously insane prices http://www.rightmove.co.uk/property-for-sale/property-63124610.html 19/07/2017, Price changed: Guide Price £789,000 £772,500 13/06/2017, Price changed: Guide Price £795,000 £789,000 Status changed: from 'Sold STC' to 'Available' 27/04/2017, Price changed: Guide Price £810,000 £795,000 01/01/2017, Status changed: from 'Available' to 'Sold STC' 29/11/2016, Initial entry found. But some nutter was willing to pay it. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 20, 2017 Author Share Posted July 20, 2017 http://www.rightmove.co.uk/property-for-sale/property-65318294.html 19/07/2017, Price changed: Guide Price £750,000 Offers in Excess of £700,000 Status changed: from 'Sold STC' to 'Available' 13/06/2017, Status changed: from 'Available' to 'Sold STC' 20/03/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 20, 2017 Author Share Posted July 20, 2017 This is a good one: http://www.rightmove.co.uk/property-for-sale/property-40008096.html 20/07/2017, Price changed: £80,000 Offers in Excess of £75,000 11/06/2017, Status changed: from 'Sold STC' to 'Available' 06/05/2017, Status changed: from 'Available' to 'Sold STC' 05/04/2017, Title changed: Abington Avenue, Northampton, Northamptonshire, Northants, NN1 24/02/2017, Price changed: £80,000 18/01/2017, Price changed: Offers in Excess of £85,000 £80,000 01/11/2016, Status changed: from 'Premium Listing' to 'Available' 25/04/2016, Price changed: £92,000 Offers in Excess of £85,000 23/03/2016, Price changed: from '£97,500' to '£92,000' 04/03/2016, Initial entry found. Things not as rosy in BTL/Investor world as people might have you believe. Again, the significant thing here is, this is in the shires, right at the end of the line for London commuting, they've dropped, dropped, SSTC, Failed, then dropped again. If things were really moving then they'd hold fast after these sales drop. Something is afoot. Locals cant even afford £75K for that, £40K maybe. Quote Link to comment Share on other sites More sharing options...
Calcutta Posted July 20, 2017 Share Posted July 20, 2017 2 hours ago, TheCountOfNowhere said: This is a good one: http://www.rightmove.co.uk/property-for-sale/property-40008096.html 20/07/2017, Price changed: £80,000 Offers in Excess of £75,000 11/06/2017, Status changed: from 'Sold STC' to 'Available' 06/05/2017, Status changed: from 'Available' to 'Sold STC' 05/04/2017, Title changed: Abington Avenue, Northampton, Northamptonshire, Northants, NN1 24/02/2017, Price changed: £80,000 18/01/2017, Price changed: Offers in Excess of £85,000 £80,000 01/11/2016, Status changed: from 'Premium Listing' to 'Available' 25/04/2016, Price changed: £92,000 Offers in Excess of £85,000 23/03/2016, Price changed: from '£97,500' to '£92,000' 04/03/2016, Initial entry found. Things not as rosy in BTL/Investor world as people might have you believe. Again, the significant thing here is, this is in the shires, right at the end of the line for London commuting, they've dropped, dropped, SSTC, Failed, then dropped again. If things were really moving then they'd hold fast after these sales drop. Something is afoot. Locals cant even afford £75K for that, £40K maybe. That is a tasty one. Abington Avenue? Is that as grim as a bucket of guts by any chance? Still, 20+ off the asking price would do very nicely on some round here. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted July 20, 2017 Share Posted July 20, 2017 4 hours ago, TheCountOfNowhere said: This is a good one: http://www.rightmove.co.uk/property-for-sale/property-40008096.html 20/07/2017, Price changed: £80,000 Offers in Excess of £75,000 11/06/2017, Status changed: from 'Sold STC' to 'Available' 06/05/2017, Status changed: from 'Available' to 'Sold STC' 05/04/2017, Title changed: Abington Avenue, Northampton, Northamptonshire, Northants, NN1 24/02/2017, Price changed: £80,000 18/01/2017, Price changed: Offers in Excess of £85,000 £80,000 01/11/2016, Status changed: from 'Premium Listing' to 'Available' 25/04/2016, Price changed: £92,000 Offers in Excess of £85,000 23/03/2016, Price changed: from '£97,500' to '£92,000' 04/03/2016, Initial entry found. Things not as rosy in BTL/Investor world as people might have you believe. Again, the significant thing here is, this is in the shires, right at the end of the line for London commuting, they've dropped, dropped, SSTC, Failed, then dropped again. If things were really moving then they'd hold fast after these sales drop. Something is afoot. Locals cant even afford £75K for that, £40K maybe. Why do they bother to change the price from 80,000 to offers in excess of 75,000. Isnt that same thing? Just reduce the price to 75,000 and accept an offer for 40k and get shot. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted July 21, 2017 Share Posted July 21, 2017 On 19/07/2017 at 3:08 PM, TheCountOfNowhere said: The same will apply to those teachers on 30K a year who've landed "lucky" in London and moved to the shires and bought a large houses....good luck. As someone else said to me once - she had a picture-postcard old farmhouse with beams and inglenook and whatnot - 'Old houses eat money.' She now lives in a non-picturesque relatively new one. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 21, 2017 Author Share Posted July 21, 2017 6 minutes ago, Mrs Bear said: As someone else said to me once - she had a picture-postcard old farmhouse with beams and inglenook and whatnot - 'Old houses eat money.' She now lives in a non-picturesque relatively new one. I know an old couple that said the same thing...NEVER BUY AN OLD HOUSE they said. Never buy any house IMHO Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 21, 2017 Author Share Posted July 21, 2017 10 hours ago, GreenDevil said: Why do they bother to change the price from 80,000 to offers in excess of 75,000. Isnt that same thing? Just reduce the price to 75,000 and accept an offer for 40k and get shot. Marketting, inniit. They'll do anything to try and get you through the door. Try going to an EA with exact requirements for a house, they'll sit there trying to convince you to buy any old sh*te that they have on their books. Quote Link to comment Share on other sites More sharing options...
sexton Posted July 21, 2017 Share Posted July 21, 2017 2 minutes ago, TheCountOfNowhere said: I know an old couple that said the same thing...NEVER BUY AN OLD HOUSE they said. Never buy any house IMHO That's why there are so many "picturesque" old houses for sale in France. The owners have moved to the new bungalows just outside the village. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Author Share Posted July 24, 2017 My offering for today http://www.rightmove.co.uk/property-for-sale/property-53606639.html 21/07/2017, Price changed: from '£775,000' to '£750,000' 03/06/2017, Price changed: from '£795,000' to '£775,000' 01/06/2017, Status changed: from 'Under offer' to 'Available' 05/05/2017, Status changed: from 'Available' to 'Under offer' 25/11/2016, Price changed: from '£849,000' to '£795,000' 17/08/2016, Price changed: from '£899,950' to '£849,000' 23/03/2016, Price changed: from '£950,000' to '£899,950' 22/07/2015, Initial entry found. That's what you call...chasing the market down. Quote Link to comment Share on other sites More sharing options...
Wayward Posted July 24, 2017 Share Posted July 24, 2017 On 21/07/2017 at 10:23 AM, TheCountOfNowhere said: I know an old couple that said the same thing...NEVER BUY AN OLD HOUSE they said. Never buy any house IMHO my mate who is moving ( I referred to this earlier in the thread) has bought subject to contract a house that I learned yesterday was built in the 1640s...I expressed some alarm (not least because I don't like creepy old houses where strange things can happen in the middle of the night) but because of the running costs...plus its grade 2 listed. It will be interesting to follow what transpires but he is my mate so I can't be too negative plus people will think its sour grapes that I am renter loser and he has bought this charming old house... Quote Link to comment Share on other sites More sharing options...
advicewelcome Posted July 24, 2017 Share Posted July 24, 2017 42 minutes ago, TheCountOfNowhere said: My offering for today http://www.rightmove.co.uk/property-for-sale/property-53606639.html 21/07/2017, Price changed: from '£775,000' to '£750,000' 03/06/2017, Price changed: from '£795,000' to '£775,000' 01/06/2017, Status changed: from 'Under offer' to 'Available' 05/05/2017, Status changed: from 'Available' to 'Under offer' 25/11/2016, Price changed: from '£849,000' to '£795,000' 17/08/2016, Price changed: from '£899,950' to '£849,000' 23/03/2016, Price changed: from '£950,000' to '£899,950' 22/07/2015, Initial entry found. That's what you call...chasing the market down. I reckon the big Estate agent's CRM, e-Marketing and Sales Funnel management have got sophisticated (am thinking London/Foxton type companies). They will be aiming high and ratcheting down. Start with the biggest holes in the net and slowly, slowly reduce until you catch the biggest fish. That is the what their business is about. Above examples are going in the right direction, but unsure if the deflation rate of the asking prices is ever going to match the acceleration rate of prices over the last 5yrs. The journey down is also a lot more bumpy with (I assume) failed offers/transactions (is this because lenders are pulling out after offers are accepted?). If the market overcorrects upwards, I assume it will overcorrect downwards. Does this require a crash "event" to knock the total market confidence and thus get the rapid deflation that we require? I sense that we are going to be waiting a long time for these trickle reductions to provide any meaningful reductions. Quote Link to comment Share on other sites More sharing options...
Toast Posted July 24, 2017 Share Posted July 24, 2017 2 hours ago, advicewelcome said: I reckon the big Estate agent's CRM, e-Marketing and Sales Funnel management have got sophisticated (am thinking London/Foxton type companies). They will be aiming high and ratcheting down. Start with the biggest holes in the net and slowly, slowly reduce until you catch the biggest fish. That is the what their business is about. That's a good strategy in a flat or rising market, if you're in no hurry. If the market is falling, due to a sentiment change and tightening of credit conditions, these sophisticated operators (and more particularly their clients) might find the size of the fish shrinking fater than the holes. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Author Share Posted July 24, 2017 Harpenden again. Sure sign the tide is going back out. http://www.rightmove.co.uk/property-for-sale/property-65445860.html 24/07/2017, Price changed: Guide Price £1,150,000 £1,100,000 13/06/2017, Price changed: Guide Price £1,200,000 £1,150,000 09/05/2017, Status changed: from 'Sold STC' to 'Available' 19/04/2017, Status changed: from 'Available' to 'Sold STC' 25/03/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted July 24, 2017 Author Share Posted July 24, 2017 Oxford http://www.rightmove.co.uk/property-for-sale/property-65318294.html 19/07/2017, Price changed: Guide Price £750,000 Offers in Excess of £700,000 Status changed: from 'Sold STC' to 'Available' 13/06/2017, Status changed: from 'Available' to 'Sold STC' 20/03/2017, Initial entry found. Quote Link to comment Share on other sites More sharing options...
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