hurlerontheditch Posted October 19, 2018 Share Posted October 19, 2018 7 hours ago, darkmarket said: https://www.zoopla.co.uk/new-homes/details/45765626 "Only cash buyers due to the fact that the (sic) completion is now due." Price history Sold prices provided by Land Registry 18th Oct 2018 £2,000,000 Price reduced by £730,000 12th Feb 2016 £2,730,000 First listed when off plan flipping goes wrong Quote Link to comment Share on other sites More sharing options...
monkeyman1974 Posted October 19, 2018 Share Posted October 19, 2018 9 minutes ago, hurlerontheditch said: when off plan flipping goes wrong I admire the honesty of the advert.. Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 19, 2018 Share Posted October 19, 2018 Several of these flats in the development supposedly selling at a 'loss', although that might not really be true and a marketing gimmick. No doubt its a big reduction. What would be more pleasing to see would be properties at the lower end having to reduce their price rapidly. Something like a £400k house getting cut down to under £300k over a period of reductions. In a lot of the areas I look at prices are still high but it seems that people are unwilling to cut below a certain level, that psychology needs to be breached. Quote Link to comment Share on other sites More sharing options...
user not found Posted October 19, 2018 Author Share Posted October 19, 2018 (edited) 10 minutes ago, monkeyman1974 said: I admire the honesty of the advert.. So let me get this straight... c. Jan 2016 - person puts down £x deposit on property selling for £x Feb 2016 - person now advertises property for sale at £2.7m Oct 2018 - person drops price to £2m as will soon have to complete on the property which they apparently can't afford to do. I wonder how much deposit was? What was the initial sale price? Classic ? Edited October 19, 2018 by Sausage Quote Link to comment Share on other sites More sharing options...
darkmarket Posted October 19, 2018 Share Posted October 19, 2018 5 hours ago, hurlerontheditch said: when off plan flipping goes wrong Probably is an individual flipper. No sign of developer troubles in PCL yet? Quote Link to comment Share on other sites More sharing options...
warrior88 Posted October 19, 2018 Share Posted October 19, 2018 12 hours ago, darkmarket said: https://www.zoopla.co.uk/new-homes/details/45765626 "Only cash buyers due to the fact that the (sic) completion is now due." Price history Sold prices provided by Land Registry 18th Oct 2018 £2,000,000 Price reduced by £730,000 12th Feb 2016 £2,730,000 First listed Me likey likey, would be wonderful if this doesn't sell at all Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted October 19, 2018 Share Posted October 19, 2018 On 18/10/2018 at 09:08, Tiredofthissh1te said: Missed the buying sweet spot by a cool million....https://www.rightmove.co.uk/property-for-sale/property-61082530.html That absolute mess of a kitchen looks like about £50k worth. But riddle me this, WTF is walking the kettle over to the far side sink for a cuppa? Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 19, 2018 Share Posted October 19, 2018 The one I posted earler (https://www.rightmove.co.uk/property-for-sale/property-66551890.html) has come down to £275k now, so that is £50k. I think it could have even further to go. There are flats of bigger size in better locations for less money. Even at £200k it doesn't scream of a bargain. Seems to me the market has most people that steadfastly refuse to drop prices that much, and some sales are going through. Would hope that more volume picks up at lower prices but I am impatient. It's gotta happen soon. Quote Link to comment Share on other sites More sharing options...
Si1 Posted October 20, 2018 Share Posted October 20, 2018 (edited) On 19/10/2018 at 08:15, simon2 said: . In a lot of the areas I look at prices are still high but it seems that people are unwilling to cut below a certain level, that psychology needs to be breached. I think this has been considered before. One possibility is that people aren't selling houses any more, they're selling debt. They have a minimum level below which their mortgage isn't covered, so below which they can't actually afford to sell. Edited October 20, 2018 by Si1 Quote Link to comment Share on other sites More sharing options...
Longtermrenter Posted October 20, 2018 Share Posted October 20, 2018 https://www.rightmove.co.uk/property-for-sale/property-53542533.html Quote Link to comment Share on other sites More sharing options...
Longtermrenter Posted October 20, 2018 Share Posted October 20, 2018 https://www.rightmove.co.uk/property-for-sale/property-55153269.html Next one is nice - sold for £480K in 2017 - now on at £450k https://www.rightmove.co.uk/property-for-sale/property-66375115.html https://www.rightmove.co.uk/property-for-sale/property-74659469.html https://www.rightmove.co.uk/property-for-sale/property-70048370.html 20% off anyone? https://www.rightmove.co.uk/property-for-sale/property-73630640.html Quote Link to comment Share on other sites More sharing options...
ebull Posted October 20, 2018 Share Posted October 20, 2018 Jeez that Etchinghill house .... https://www.rightmove.co.uk/property-for-sale/property-70048370.html pic 14 shows the escape route from the main bedroom. How on earth has that got past building regs, looks to be ca. a foot that has head space over six foot, wouldn't fancy that in a fire or even just hungover. Assuming the attic beds are really attic storage it's a small one bed. For 440k? How much was it before reduced? pic 15 shows the kerb "appeal", 440k ?????? Nice view though and nothing else on that stretch for sale. OK found it on zoopla. they're not going to give it away are they ..... 23rd Apr 2018 £440,000 Price reduced by £20,000 28th Dec 2017 £460,000 Price reduced by £10,000 11th Nov 2017 £470,000 First listed 8th Aug 1997 £102,500 Last sold https://www.zoopla.co.uk/for-sale/details/45684344 Quote Link to comment Share on other sites More sharing options...
MissOnAccomplished Posted October 21, 2018 Share Posted October 21, 2018 not multiple - but big. A nice house - but some way to go down, methinks (well, hopes really). https://www.rightmove.co.uk/property-for-sale/property-50115471.html Quote Link to comment Share on other sites More sharing options...
darkmarket Posted October 21, 2018 Share Posted October 21, 2018 4 minutes ago, MissOnAccomplished said: not multiple - but big. A nice house - but some way to go down, methinks (well, hopes really). https://www.rightmove.co.uk/property-for-sale/property-50115471.html Don't see any reduction on that nor a previous selling price, are you just advertising it? Quote Link to comment Share on other sites More sharing options...
MissOnAccomplished Posted October 21, 2018 Share Posted October 21, 2018 3 minutes ago, darkmarket said: Don't see any reduction on that nor a previous selling price, are you just advertising it? That's odd. Reduction shows up like this for me Quote Link to comment Share on other sites More sharing options...
darkmarket Posted October 21, 2018 Share Posted October 21, 2018 1 minute ago, MissOnAccomplished said: That's odd. Reduction shows up like this for me That's better, I don't and I guess that means others don't too, so it helps that you posted the picture. Quote Link to comment Share on other sites More sharing options...
MissOnAccomplished Posted October 21, 2018 Share Posted October 21, 2018 Just now, darkmarket said: That's better, I don't and I guess that means others don't too, so it helps that you posted the picture. It looks as if the 'Property Track' extension in Chrome is managing to pick up the price reductions from an original listing in 2017 and not from when the house appears to have been resisted in April 2018 - when they realized the first ask was &^%*ing stupid, and not just stupid. The 'Property Log' extension - of which I have been aware only since April 2018 - does not. Quote Link to comment Share on other sites More sharing options...
MissOnAccomplished Posted October 21, 2018 Share Posted October 21, 2018 35 minutes ago, darkmarket said: Don't see any reduction on that nor a previous selling price, are you just advertising it? I, as I suspect most of us reading this site, do not think estate agents are the sharpest knives in the box but I would be surprised if anyone wishing to promote the sale of a house would publicize its availability on a website known for claiming house prices are far too high, along with an intimation that this particular house is still overpriced. See also: https://nethouseprices.com/property/details/f508e5f92318ad_100300014794/tetbury/sale Quote Link to comment Share on other sites More sharing options...
darkmarket Posted October 21, 2018 Share Posted October 21, 2018 1 hour ago, MissOnAccomplished said: It looks as if the 'Property Track' extension in Chrome is managing to pick up the price reductions from an original listing in 2017 and not from when the house appears to have been resisted in April 2018 - when they realized the first ask was &^%*ing stupid, and not just stupid. The 'Property Log' extension - of which I have been aware only since April 2018 - does not. No it's a good spot. Quote Link to comment Share on other sites More sharing options...
hurlerontheditch Posted October 21, 2018 Share Posted October 21, 2018 4 hours ago, MissOnAccomplished said: That's odd. Reduction shows up like this for me It’s a year since the last drop ? Quote Link to comment Share on other sites More sharing options...
Confusion of VIs Posted October 21, 2018 Share Posted October 21, 2018 On 17/10/2018 at 09:48, hotblack42 said: This needs to be seen from the perspective of people who could buy it. There are approx 250000 UK people earning £200k plus, most of them in London. They will look at buying this, paying the fees & writing it off as the cost of doing business & living in a big apt. they couldn't or wouldn't choose to afford. They will have wealth accumulating elsewhere so won't worry about the specific property they are living in being a store of wealth like most folk. I work with Investment Managers - their clients inhabit a different world with a different relationship to money & little of the concerns of the general population (at least money wise). Its a still great big red flag in relation to PCL sentiment though. Strange that they seem to have decorated it with stuff they picked up in the B&Q sale Quote Link to comment Share on other sites More sharing options...
Freki Posted October 22, 2018 Share Posted October 22, 2018 16 hours ago, MissOnAccomplished said: It looks as if the 'Property Track' extension in Chrome is managing to pick up the price reductions from an original listing in 2017 and not from when the house appears to have been resisted in April 2018 - when they realized the first ask was &^%*ing stupid, and not just stupid. The 'Property Log' extension - of which I have been aware only since April 2018 - does not. The property log app was launched the 4th of April, there is no data prior to that for property log Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 22, 2018 Share Posted October 22, 2018 https://www.rightmove.co.uk/property-for-sale/property-53411289.html £100k off now, although hilariously over-priced in the first place. It does seem like a low price for the block, probably most of them on help-to-buy. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted October 22, 2018 Share Posted October 22, 2018 One for those flight-path loving investors. https://www.independent.co.uk/news/business/news/london-property-developer-galliard-sells-out-of-199000-studios-in-3-hours-a6723896.html https://www.zoopla.co.uk/for-sale/details/45269918?search_identifier=eadedb1efc7552f430204499f2623a1b Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted October 22, 2018 Share Posted October 22, 2018 Price history Sold prices provided by Land Registry 30th Jul 2018£180,000Price reduced by £20,000 19th Jun 2018£200,000Price reduced by £10,000 22nd May 2018£210,000Price reduced by £10,000 9th Jan 2018£220,000Price reduced by £20,000 3rd Nov 2017£240,000Price reduced by £20,000 13th Oct 2017£260,000First listed Quote Link to comment Share on other sites More sharing options...
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