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Examples of big & multiple drops


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HOLA441

31% off of the initial bid on a 2b bungalow.

https://www.rightmove.co.uk/properties/126674297#/?channel=RES_BUY

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Ringstone Grove, Brierley, Barnsley

image.png.fe4e0f42887e5e6174937d8c5465b131.png

£145,000
Price Change History
29/03/2023 Price changed from £160,000 to £145,000
11/03/2023 Price changed from £165,000 to £160,000
06/03/2023 Price changed from £175,000 to £165,000
17/02/2023 Price changed from £210,000 to £175,000
03/09/2022 Initial entry found: £210,000
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HOLA442
2
HOLA443
23 hours ago, Roman Roady said:

p154, another 50k, now 28%

1069sqft = £795/sqft

£850,000
Price Change History
31/03/2023 Price changed from £875,000 to £850,000
09/03/2023 Price changed from £900,000 to £875,000
10/12/2021 Price changed from £950,000 to £900,000
19/11/2021 Price changed from £999,950 to £950,000
19/10/2021 Price changed from £1,100,000 to £999,950
20/09/2021 Price changed from £1,200,000 to £1,100,000
19/08/2021 Initial entry found: £1,200,000

Nice roomy flat.  Probably only residents using the road. 4 beds though..? Should have been 2 double, single, lounge & lovely big kitchen diner.

So ridiculous not to show clearly both lease & service charges on these listings.  EAs are not shy of wasting other people's time are they?

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HOLA444

34% off of the initial bid on a 3b semi.

680sqft = £146/sqft

https://www.rightmove.co.uk/properties/130096007#/?channel=RES_BUY

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Worsley Close, Knott End-on-Sea, Poulton-le-Fylde, Lancashire, FY6

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£99,000
Price Change History
23/03/2023 Price changed from £135,000 to £99,000
24/01/2023 Price changed from £149,950 to £135,000
19/12/2022 Initial entry found: £149,950
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HOLA445

30% off of the initial bid on a 2b terraced.

733sqft = £109/sqft

https://www.rightmove.co.uk/properties/132136757#/?channel=RES_BUY

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Eaton Street, Stoke-on-trent, ST1

image.png.57b882b8b8c9d233943dc8969414e651.png

£80,000
Price Change History
26/03/2023 Price changed from £85,000 to £80,000
13/03/2023 Price changed from £115,000 to £85,000
01/03/2023 Initial entry found: £115,000
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HOLA446
6
HOLA447

32% off of the initial bid on a 3b detached house.

https://www.rightmove.co.uk/properties/85591779#/?channel=RES_BUY

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The Causeway, March

image.png.7d7b64f53becb8a0ca1f6c8d7234a245.png

£220,000
Price Change History
28/03/2023 Price changed from £225,000 to £220,000
08/02/2023 Price changed from £280,000 to £225,000
22/11/2022 Price changed from £300,000 to £280,000
24/08/2022 Price changed from £325,000 to £300,000
02/08/2022 Price changed from £300,000 to £325,000
29/07/2022 Price changed from £325,000 to £300,000
11/06/2022 Initial entry found: £325,000
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HOLA448
8
HOLA449

32% off of a 4b bungalow

1705sqft = £117/sqft

https://www.rightmove.co.uk/properties/131441474#/?channel=RES_BUY

image.png.7d1cc664c468205702d5c793376b274a.png

Aldwych Drive, Ashton-on-Ribble, Preston, Lancashire, PR2

£200,000
Price Change History
23/03/2023 Price changed from £275,000 to £200,000
03/03/2023 Price changed from £295,000 to £275,000
06/02/2023 Initial entry found: £295,000

 

 

 

 

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HOLA4410
10
HOLA4411
11
HOLA4412

42%off of a 2b EoT house in Ashington

For Sale By Auction LIVE ONLINE AUCTION 30th March- OPTION 2.

https://www.rightmove.co.uk/properties/126530441#/?channel=RES_BUY

image.png.243ebcf027630ff9af0833f379a7df3b.png

image.png.96260f35da4489142c914a69bad139c2.png

£43,500
Price Change History
24/03/2023 Price changed from £45,000 to £43,500
16/03/2023 Price changed from £50,000 to £45,000
28/02/2023 Price changed from £69,500 to £50,000
24/01/2023 Price changed from £75,000 to £69,500
01/09/2022 Initial entry found: £75,000
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HOLA4413
13
HOLA4414

37.5% off of a 3b town house in Lewes Sussex.

https://www.rightmove.co.uk/properties/122918639#/?channel=RES_BUY

image.png.03a07c0c102316addbab82cedb54bae7.png

1278sqft = £293/sqft

£375,000
Price Change History
23/03/2023 Price changed from £450,000 to £375,000
12/10/2022 Price changed from £500,000 to £450,000
30/06/2022 Price changed from £550,000 to £500,000
29/05/2022 Price changed from £600,000 to £550,000
29/04/2022 Initial entry found: £600,000
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HOLA4415
On 01/04/2023 at 04:10, Orb said:

Service Charge - currently £9,537.08 P.A
Ground Rent - currently £435 P.A.

 

 

Then energy bills on top....Ouch!

The executor of the estate will be seeing these bills mount up. At some point if it doesn’t sell the accrued debt will be higher than the property value.

Retirement property is a massive scam in the UK and needs legislating. 

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HOLA4416
16
HOLA4417
2 hours ago, PeanutButter said:

The executor of the estate will be seeing these bills mount up. At some point if it doesn’t sell the accrued debt will be higher than the property value.

Retirement property is a massive scam in the UK and needs legislating. 

I will let you inherit the property....errr, no you are okay, you can have it...no really it's all yours...etc.😄

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HOLA4418
1 minute ago, HSvetz said:

I will let you inherit the property....errr, no you are okay, you can have it...no really it's all yours...etc.😄

I'm trying to sell my dad's place at the moment. It's terrifying. The estate management company of course don't give a shit whether it's occupied or not as they have offloaded the responsibility of paying the service charge to the owner, even if they are not using the service.

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HOLA4419

Good luck. As PeanutB said, a scam, need to have something in these contracts so that if owner is no longer using the services then the service charges are cut right back, at least if change of ownership due to death of owner.

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HOLA4420
1 hour ago, Roman Roady said:

31% off of a 2b flat in Cardiff

https://www.rightmove.co.uk/properties/85421319#/?channel=RES_BUY

image.png.cae82b7274f33e197fb64492dc620c53.png

£110,000
Price Change History
23/03/2023 Price changed from £145,000 to £110,000
17/11/2022 Price changed from £149,000 to £145,000
24/10/2022 Price changed from £160,000 to £149,000
01/06/2022 Initial entry found: £160,000

BTL rush to exist same in South Wales as in North probably.

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HOLA4421
On 17/03/2023 at 12:52, Roman Roady said:

@Timm, @Sackboii, The issue with service charges and ground rent would have been relevant at the time that these properties went to market...in other words, priced in. I think we are seeing these properties lead the way, where they go the mainstream will follow.

Excess deaths due to COVID?

 

it's the toxic vax that's killing people!

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HOLA4422
4 hours ago, HSvetz said:

I will let you inherit the property....errr, no you are okay, you can have it...no really it's all yours...etc.😄

I had the misfortune of being involved in a family member’s retirement estate upon her death. The executor nearly had a breakdown over it.

The place would not sell, even at auction with no reserve.

If anyone here is ever requested to act an executor of an estate involving one of these scams, I advise a hard decline.

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HOLA4423

32% off of a 2b flat in Surrey

https://www.rightmove.co.uk/properties/125990711#/?channel=RES_BUY

image.png.87910829daa62341b548fda716b17ce9.png

Whytecliffe Road South, Purley, Surrey

712.2sqft = £309

£220,000
Price Change History
22/03/2023 Price changed from £240,000 to £220,000
09/01/2023 Price changed from £260,000 to £240,000
24/11/2022 Price changed from £305,000 to £260,000
10/10/2022 Price changed from £325,000 to £305,000
11/08/2022 Initial entry found: £325,000
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HOLA4424
10 minutes ago, Roman Roady said:

32% off of a 2b flat in Surrey

https://www.rightmove.co.uk/properties/125990711#/?channel=RES_BUY

image.png.87910829daa62341b548fda716b17ce9.png

Whytecliffe Road South, Purley, Surrey

712.2sqft = £309

£220,000
Price Change History
22/03/2023 Price changed from £240,000 to £220,000
09/01/2023 Price changed from £260,000 to £240,000
24/11/2022 Price changed from £305,000 to £260,000
10/10/2022 Price changed from £325,000 to £305,000
11/08/2022 Initial entry found: £325,000

Its up for auction, but 2 grand a year in ground rent and service charge, so a further fortune to splash out for the length of the lease.

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HOLA4425

40% off of a 2b flat in Rochester Kent

707sqft = £149/sqft

https://www.rightmove.co.uk/properties/124681844#/?channel=RES_BUY

image.png.cb5936cf20289536250da1e992d3b4a6.png

High Street, Rochester, Kent, ME1

£105,000
Price Change History
28/03/2023 Price changed from £130,000 to £105,000
10/02/2023 Price changed from £120,000 to £130,000
08/02/2023 Price changed from £175,000 to £120,000
05/07/2022 Initial entry found: £175,000
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