Si1 Posted September 5, 2021 Share Posted September 5, 2021 (edited) 23 minutes ago, Roman Roady said: 22% off of a block of flats in Liverpool, not sure what this 350k price is for, I assume its per flat?? https://www.rightmove.co.uk/properties/103919483#/?channel=RES_BUY Price Change History 21/06/2021 Price changed from £450,000 to £350,000 11/03/2021 Initial entry found: £450,000 I think it's the freehold for the whole building. Edited September 5, 2021 by Si1 Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 5, 2021 Share Posted September 5, 2021 21 minutes ago, Roman Roady said: 22% off of a block of flats in Liverpool, not sure what this 350k price is for, I assume its per flat?? https://www.rightmove.co.uk/properties/103919483#/?channel=RES_BUY Price Change History 21/06/2021 Price changed from £450,000 to £350,000 11/03/2021 Initial entry found: £450,000 3 minutes ago, Si1 said: Dude, that's £350k for all the leasehold flats but not the freehold of the building. Remember this is the North and not somewhere good like Leeds, Manchester or Preston. Actually I'm not so sure. That might be some complicated freehold for the building they're selling. Like selling the rights to the leasehold income but not the building or something. Looks complicated. Read the blurb very carefully - Key features Liverpool City Centre location 55 Long Leasehold Secured Ground Rents Building fully refurbished in 2018 Current Income £19,250 pa 44 Apartments with RPI Rent Reviews in March 2021 Property description Tenure: Freehold Surveyor: John Fifield Property: Produce Exchange Buildings, Victoria Street, Liverpool L1 6BD FOR SALE: 55 Long Leasehold Ground Rents secured at Produce Buildings which is located in the prime city centre and comprises 54 x 1Bed , 2 Bed and Studio Apartments plus a Ground floor Commercial Unit. The property was fully refurbished in 2018. Income: £19,250 pa with 44 Apartments with RPI Rent Reviews in March 2021. Price: £350,000. Contact John Fifield for more information. They are selling the freeholds for the flats. https://www.liverpoolecho.co.uk/news/liverpool-news/look-inside-stunning-100-year-13231877 Look inside stunning 100-year-old Produce Exchange being turned into flats Liverpool city centre building boasts stained glass and balconies with glass floors Looks to be double dipping properdee lunacy - hotel rooms, BTL whatever. Bargepole. I assume they ground rent stream is being sold off to pay off creditors. Nothing appears to have sold. Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2021 Share Posted September 5, 2021 17 minutes ago, spyguy said: Read the blurb very carefully - Key features Liverpool City Centre location 55 Long Leasehold Secured Ground Rents Building fully refurbished in 2018 Current Income £19,250 pa 44 Apartments with RPI Rent Reviews in March 2021 Property description Tenure: Freehold Surveyor: John Fifield Property: Produce Exchange Buildings, Victoria Street, Liverpool L1 6BD FOR SALE: 55 Long Leasehold Ground Rents secured at Produce Buildings which is located in the prime city centre and comprises 54 x 1Bed , 2 Bed and Studio Apartments plus a Ground floor Commercial Unit. The property was fully refurbished in 2018. Income: £19,250 pa with 44 Apartments with RPI Rent Reviews in March 2021. Price: £350,000. Contact John Fifield for more information. They are selling the freeholds for the flats. https://www.liverpoolecho.co.uk/news/liverpool-news/look-inside-stunning-100-year-13231877 Look inside stunning 100-year-old Produce Exchange being turned into flats Liverpool city centre building boasts stained glass and balconies with glass floors Looks to be double dipping properdee lunacy - hotel rooms, BTL whatever. Bargepole. I assume they ground rent stream is being sold off to pay off creditors. Nothing appears to have sold. Yeah I was wrong, and totally changed my response Quote Link to comment Share on other sites More sharing options...
simon2 Posted September 5, 2021 Share Posted September 5, 2021 Almost 30% off: https://www.rightmove.co.uk/properties/99947606#/?channel=RES_BUY I think the real story is that another flat is on sale in the building asking £1.3m more; don't see why it should justify that price, the cheaper one has balcony, garage, better decorative order. Slightly smaller internally but I think the balcony space and top floor balance it out, that flat sold for £2.9m 10 years ago.... wonder if the 'penthouse' was the most expensive sale? Hopefully one day we'll see a 50%er, but guess at top end of the market there are different drivers. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 5, 2021 Share Posted September 5, 2021 25% off of a house boat in London. https://www.rightmove.co.uk/properties/81942646#/?channel=RES_BUY Price Change History 17/12/2020 Price changed from £2,000,000 to £1,495,000 10/07/2020 Initial entry found: £2,000,000 Quote Link to comment Share on other sites More sharing options...
simon2 Posted September 5, 2021 Share Posted September 5, 2021 Seen quite a few boats around London. Will they become the next retirement homes? Looking at the decor of that boat you can imagine a rich old boomer in their retirement. They seem to me to be more liabilities than assets. According to the dock website a 30m boat like this costs apprx £50k a year in fees (says discounts for annual but still must be a huge cost) For people inheriting them with no intention of living on it, they would just want rid. Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 5, 2021 Share Posted September 5, 2021 Just now, simon2 said: Seen quite a few boats around London. Will they become the next retirement homes? Looking at the decor of that boat you can imagine a rich old boomer in their retirement. They seem to me to be more liabilities than assets. According to the dock website a 30m boat like this costs apprx £50k a year in fees (says discounts for annual but still must be a huge cost) For people inheriting them with no intention of living on it, they would just want rid. That's a good reason they'll drop in price and be quite liquid, because they evidently have a high explicit cost of carry Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted September 6, 2021 Share Posted September 6, 2021 17 hours ago, Roman Roady said: 25% off of a house boat in London. https://www.rightmove.co.uk/properties/81942646#/?channel=RES_BUY Price Change History 17/12/2020 Price changed from £2,000,000 to £1,495,000 10/07/2020 Initial entry found: £2,000,000 Why oh why would you spend that much on a boat when you could buy a house in a suburb which can't sink for the same amount. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 6, 2021 Share Posted September 6, 2021 1 hour ago, iamnumerate said: Why oh why would you spend that much on a boat when you could buy a house in a suburb which can't sink for the same amount. There are many "why oh why" questions about the whole housing market in the UK, so why pick on this one? Actually I agree with you but I have so many other issues that this sort of lunacy goes right over my head now. My main issue with London is that I still regard it as a sh1t hole...nice to visit but not to live. Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted September 6, 2021 Share Posted September 6, 2021 1 minute ago, Roman Roady said: There are many "why oh why" questions about the whole housing market in the UK, so why pick on this one? A valid point but mainly because it might sink. I would only buy a house boat if I could not afford a house anywhere outside a warzone. Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 6, 2021 Share Posted September 6, 2021 (edited) https://www.zoopla.co.uk/for-sale/details/59631559/?utm_source=alert&utm_medium=email&utm_campaign=fs-instant-2215259 Reduced 20% from July's listing with a different agent: https://www.rightmove.co.uk/properties/81010422#/?channel=RES_BUY Armley, Leeds, bit rough... Edited September 6, 2021 by Si1 Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 6, 2021 Share Posted September 6, 2021 1 hour ago, Si1 said: Armley, Leeds, bit rough... Which would have been previously priced in? Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 6, 2021 Share Posted September 6, 2021 41 minutes ago, Roman Roady said: Which would have been previously priced in? Should have been At £170k didn't look like it, I think that was kite flying. Nevertheless that's also a big and rather sudden drop so it's gone from above what I'd expect locally to below. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 6, 2021 Share Posted September 6, 2021 On 12/05/2021 at 09:07, Roman Roady said: 30% off of a 2 bed flat in Tyne and Wear. https://www.rightmove.co.uk/properties/68767626#/ Price Change History 05/05/2021 Price changed from £52,000 to £40,000 20/03/2020 Price changed from £57,000 to £52,000 02/03/2020 Initial entry found: £57,000 from p86, another 5k off in July and now SSTC so worth watching; now reduced by 40%. Price Change History 29/07/2021 Price changed from £40,000 to £35,000 05/05/2021 Price changed from £52,000 to £40,000 20/03/2020 Price changed from £57,000 to £52,000 02/03/2020 Initial entry found: £57,000 Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 7, 2021 Share Posted September 7, 2021 On 12/05/2021 at 09:07, Roman Roady said: 22% off of a 1 bed flat in Gateshead Tyne and Wear. https://www.rightmove.co.uk/properties/77925887#/ Price Change History 30/04/2020 Price changed from £38,000 to £35,000 29/08/2019 Price changed from £39,950 to £38,000 26/01/2019 Price changed from £45,000 to £39,950 16/12/2018 Initial entry found: £45,000 from page 86, another 5k off making this a 33% reduction. Price Change History 24/08/2021 Price changed from £35,000 to £30,000 30/04/2020 Price changed from £38,000 to £35,000 29/08/2019 Price changed from £39,950 to £38,000 26/01/2019 Price changed from £45,000 to £39,950 16/12/2018 Initial entry found: £45,000 Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted September 7, 2021 Share Posted September 7, 2021 https://www.rightmove.co.uk/properties/76582326#/?channel=RES_BUY Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted September 7, 2021 Share Posted September 7, 2021 Howz this....43% off !!! Someone clearly on drugs I feel https://www.rightmove.co.uk/properties/108171812#/?channel=RES_BUY Washinghall Lane, Scunthorpe, DN17 See map Offers in Excess of £480,000 Monthly mortgage payments Reduced on 04/09/2021 Price Change History 04/09/2021 Price changed from £490,000 to £480,000 03/09/2021 Price changed from £540,000 to £490,000 26/08/2021 Price changed from £550,000 to £540,000 31/07/2021 Price changed from £670,000 to £550,000 24/06/2021 Price changed from £690,000 to £670,000 20/06/2021 Price changed from £720,000 to £690,000 19/06/2021 Price changed from £740,000 to £720,000 18/06/2021 Price changed from £760,000 to £740,000 16/06/2021 Price changed from £850,000 to £760,000 04/06/2021 Initial entry found: £850,000 Quote Link to comment Share on other sites More sharing options...
bearishonhouses Posted September 7, 2021 Share Posted September 7, 2021 20% off in Cornwall. https://www.rightmove.co.uk/properties/106379945#/?channel=RES_BUY Although, given the the original asking price was stupid, I am not sure how much comfort this reduction brings. But better than an increase, I suppose and significant (>10%} reductions in Cornwall seem to be very rare. Quote Link to comment Share on other sites More sharing options...
naturals Posted September 7, 2021 Share Posted September 7, 2021 2 hours ago, PeanutButter said: https://www.rightmove.co.uk/properties/76582326#/?channel=RES_BUY Looks like a nice (small) place but no photos of the garden and Google makes it look like it may have already been built over. Either way it backs on to a Greggs factory which looks like a large potential development site ripe for building high rise apartments overlooking the house. Quote Link to comment Share on other sites More sharing options...
naturals Posted September 7, 2021 Share Posted September 7, 2021 On 05/09/2021 at 14:54, Roman Roady said: 25% off of a house boat in London. https://www.rightmove.co.uk/properties/81942646#/?channel=RES_BUY Price Change History 17/12/2020 Price changed from £2,000,000 to £1,495,000 10/07/2020 Initial entry found: £2,000,000 Loving the shagpile carpets and bath in the bedroom. Very classy! Alternatively buy this; it's much larger and happens to be over £1m cheaper... https://www.zoopla.co.uk/for-sale/details/59224089/ Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 8, 2021 Share Posted September 8, 2021 On 15/05/2021 at 19:48, Roman Roady said: 20% off of a 2 bed flat in Ellesmere Port... https://www.rightmove.co.uk/properties/89972957#/ Price Change History 02/11/2020 Price changed from £105,000 to £99,950 24/09/2020 Price changed from £115,000 to £105,000 28/08/2020 Price changed from £125,000 to £115,000 01/03/2020 Initial entry found: £125,000 From page 88...another 10k off. Thats now a 28% reduction. Price Change History 14/07/2021 Price changed from £99,950 to £90,000 02/11/2020 Price changed from £105,000 to £99,950 24/09/2020 Price changed from £115,000 to £105,000 28/08/2020 Price changed from £125,000 to £115,000 01/03/2020 Initial entry found: £125,000 Quote Link to comment Share on other sites More sharing options...
Si1 Posted September 8, 2021 Share Posted September 8, 2021 18 hours ago, naturals said: Loving the shagpile carpets and bath in the bedroom. Very classy! Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted September 8, 2021 Share Posted September 8, 2021 On 16/05/2021 at 14:59, Roman Roady said: 20% off of a detached house in Chesterfield Derbs...google earth shows it was a location used by a limo company, hence the relatively large drive. https://www.rightmove.co.uk/properties/88194517#/ Price Change History 28/04/2021 Price changed from £165,000 to £140,000 12/03/2021 Price changed from £175,000 to £165,000 08/01/2021 Initial entry found: £175,000 Another 15k off takes this to a 29% reduction. Price Change History 08/07/2021 Price changed from £140,000 to £125,000 28/04/2021 Price changed from £165,000 to £140,000 12/03/2021 Price changed from £175,000 to £165,000 08/01/2021 Initial entry found: £175,000 Quote Link to comment Share on other sites More sharing options...
simon2 Posted September 8, 2021 Share Posted September 8, 2021 25% off a house: https://www.rightmove.co.uk/properties/109934957#/?channel=RES_BUY Could be made pretty nice I reckon but a large job. Wonder what it was before? Quote Link to comment Share on other sites More sharing options...
bearishonhouses Posted September 8, 2021 Share Posted September 8, 2021 1 hour ago, simon2 said: 25% off a house: https://www.rightmove.co.uk/properties/109934957#/?channel=RES_BUY Could be made pretty nice I reckon but a large job. Wonder what it was before? If it weren't for that ruddy white van parked outside on streetview we might be able to tell! Possibly pre-school, dental office. Something that was used during the day - and hence storage heaters make sense. It needs a lot of work, but being that close to the Brighton, wouldn't it be worth putting some money into? Quote Link to comment Share on other sites More sharing options...
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