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

£400K drop in bedforshire

Recommended Posts

Noticed this heft drop today.

 

http://www.rightmove.co.uk/property-for-sale/property-52543132.html

 

28/07/2017,
  • Price changed: Offers in Excess of £900,000 £850,000
22/03/2017,
  • Price changed: Guide Price £1,000,000 Offers in Excess of £900,000  
01/11/2016,
  • Status changed: from 'Premium Listing' to 'Available'
19/08/2016,
  • Price changed: Offers in Excess of Guide Price £1,000,000  
10/03/2016,
  • Price changed: Guide Price £1,100,000 Offers in Excess of £1,000,000  
17/02/2016,
  • Price changed: Guide Price £1,250,000 £1,100,000  
05/01/2016,
  • Status changed: from 'Available' to 'Premium Listing
02/01/2016,
  • Initial entry found. 

 

It looks like the boom that never was is over.

3850 sq foot = £220  per sq ft.

 

By my ready rekoner, that's around 2007 bubble prices now.

 

Share this post


Link to post
Share on other sites
10 minutes ago, VeryMeanReversion said:

 

Build costs are getting on for £150sqft now.  At that price, they are nearly giving the land away :)

That was built when build costs were £50 psqft so can be sold much cheaper :lol: 

Share this post


Link to post
Share on other sites
17 minutes ago, Maynardgravy said:

Another 400k and I'll consider buying it for cash.

To be honest, maybe i've gone mad, but that's not far off being a good price, if it dropped to 700K and I'd put a cheeky offer in myself.

I've done 1 viewing in last 2/3 years but get the feeling the time is coming fast where a 20% below asking price will again be considered

Share this post


Link to post
Share on other sites

I'm disappointed. Read the headline and clicked straight away thinking the helicopters had been scrambled by the BoE and QE 2.0 had started. :D

Share this post


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

 

Build costs are getting on for £150sqft now.  At that price, they are nearly giving the land away :)

If the EPC details accurately matches the build quality I'm not so sure.... A lot of house for the eventual buyer though - anything that size round this neck of the woods would be more..

 

 

Share this post


Link to post
Share on other sites

I still think despite all the reductions that it is  still too expensive. There's nothing in the "market info" to hint at what it was bought for or when, which suggests it could have been last sold 20 years or more ago. If that is the case, it could be reduced a lot more.

Share this post


Link to post
Share on other sites
19 minutes ago, simon49 said:

I still think despite all the reductions that it is  still too expensive. There's nothing in the "market info" to hint at what it was bought for or when, which suggests it could have been last sold 20 years or more ago. If that is the case, it could be reduced a lot more.

Agree. It's in the middle of nowhere. Telling that they state it has train services to London that take 40mins.

Shows what type of buyer they are looking for. 

For the price though, and given the current stats showing drops, you'll be able to by similar in Kingston and similar areas for same price within 12 months. Worth waiting for? ;) 

Edited by Agentimmo

Share this post


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

To be honest, maybe i've gone mad, but that's not far off being a good price, if it dropped to 700K and I'd put a cheeky offer in myself.

I've done 1 viewing in last 2/3 years but get the feeling the time is coming fast where a 20% below asking price will again be considered

Gazumped by the count. I feel honoured.

Share this post


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

Agree. It's in the middle of nowhere. Telling that they state it has train services to London that take 40mins.

Shows what type of buyer they are looking for. 

For the price though, and given the current stats showing drops, you'll be able to by similar in Kingston and similar areas for same price within 12 months. Worth waiting for? ;) 

Hefty drop that, and its massive, mind you in the middle of nowhere. Hope you're right about Kingston in 12 months, it would be great to see sensible prices nearer London

Share this post


Link to post
Share on other sites
42 minutes ago, Bruce Banner said:

Close to an active airfield.

Handy when you consider you could fit a small aeroplane in the garage.

Share this post


Link to post
Share on other sites
42 minutes ago, 17clarence said:

Google maps is saying best time Ickwell to Kings Cross is 1:23, and that doesn't include parking and getting to platform in good time.

Fastest journey is 19 mins cycle to Biggleswade station (quicker by car), then quickest train is 31 minutes into London (depending on time).

49 minutes ago, Bruce Banner said:

Close to an active airfield.

And it's an old vintage plane aerodrome. Obviously planes do fly out of there but it's hardly Heathrow. http://www.shuttleworth.org/

Hello, sorry, first post. Just thought in the balance of fairness ...

Share this post


Link to post
Share on other sites
2 minutes ago, WTFiswrongwiththeworld said:

Fastest journey is 19 mins cycle to Biggleswade station (quicker by car), then quickest train is 31 minutes into London (depending on time).

And it's an old vintage plane aerodrome. Obviously planes do fly out of there but it's hardly Heathrow. http://www.shuttleworth.org/

Hello, sorry, first post. Just thought in the balance of fairness ...

I know all about airfields and they do affect the value of a house, some people really object to the noise and it limits the market.

Some unpleasant people actively seek out houses under the circuit of an airfield which is difficult to sell, buy it for well below asking price and then start a campaign to have the airfield shut down.

Share this post


Link to post
Share on other sites
20 minutes ago, Option5 said:

Oil central heating so guessing there's no gas supply to the village. That'll put a lot of people off.

Oil is terrible. We rented an oil heated house for 18 months and it cost a fortune. The boiler was so inefficient, it was a right pain getting deliveries organised and you're always worried someone will nick all your oil one night. We built a house in the same village but we have an air source heat pump instead. Electric bills with heating combined are ~100 quid per month and I get 120 quid renewable heat incentive payment once a quarter.

Share this post


Link to post
Share on other sites
15 minutes ago, Bruce Banner said:

I know all about airfields and they do affect the value of a house, some people really object to the noise and it limits the market.

Some unpleasant people actively seek out houses under the circuit of an airfield which is difficult to sell, buy it for well below asking price and then start a campaign to have the airfield shut down.

Heathrow and Gatwick spring to mind.....

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.

  • The Prime Minister stated that there were three Brexit options available to the UK:   31 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    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.