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Examples of big & multiple drops


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HOLA441
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HOLA442
9 hours ago, TheCountOfNowhere said:

RR, i have to say... You are a HPC legendĀ 

TY for the kind words Count, however I would rather we lived in a country where the HPC website didnt have a reason to exist.

Anyhow....heres a horrible little "cottage" in Sunderland with 44% off of the initial asking price.

https://www.rightmove.co.uk/properties/103477052#/?channel=RES_BUY

image.png.61f0f102a11a9ffd4da20db5fe2359ca.png

no price data on this one in RM but here is the post code

https://houseprices.io/?q= SR6+9BA

image.png.8630671ed9055a020bb8fde3e1e94539.png

Price Change History
08/12/2021 Price changed fromĀ Ā£89,950Ā toĀ Ā£67,500
23/11/2021 Price changed fromĀ Ā£90,000Ā toĀ Ā£89,950
23/11/2021 Price changed fromĀ Ā£95,000Ā toĀ Ā£90,000
26/10/2021 Price changed fromĀ Ā£99,950Ā toĀ Ā£95,000
31/03/2021 Price changed fromĀ Ā£119,950Ā toĀ Ā£99,950
01/03/2021 Initial entry found:Ā Ā£119,950
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HOLA443
3
HOLA444

What's going on here, cant see shared ownership being mentioned

Ā 

TOTAL REDUCTION: 61.54%

Ā 

https://www.rightmove.co.uk/properties/89091545#/?channel=RES_BUY

Ā 

Clyde Road, Brighton BN1 4NP

Ā 
See map
Ā 
Ā£250,000
Price Change History
07/12/2021 Price changed fromĀ Ā£650,000Ā toĀ Ā£250,000
04/02/2020 Initial entry found:Ā Ā£650,000
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HOLA445

800K off a high rise flat.

Cassia House, Goodman's Fields, Aldgate E1

Ā 
See map
Ā 
Ā£2,100,000
Price Change History
09/12/2021 Price changed fromĀ Ā£2,300,000Ā toĀ Ā£2,100,000
06/10/2021 Price changed fromĀ Ā£2,500,000Ā toĀ Ā£2,300,000
26/09/2021 Price changed fromĀ Ā£2,700,000Ā toĀ Ā£2,500,000
02/08/2021 Price changed fromĀ Ā£2,900,000Ā toĀ Ā£2,700,000
01/03/2021 Initial entry found:Ā Ā£2,900,000

https://www.rightmove.co.uk/properties/103474517#/?channel=RES_BUY

Ā 

TOTAL REDUCTION: 27.59%

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HOLA446
17 minutes ago, TheCountOfNowhere said:

800K off a high rise flat.

Cassia House, Goodman's Fields, Aldgate E1

Ā 
See map
Ā 
Ā£2,100,000
Price Change History
09/12/2021 Price changed fromĀ Ā£2,300,000Ā toĀ Ā£2,100,000
06/10/2021 Price changed fromĀ Ā£2,500,000Ā toĀ Ā£2,300,000
26/09/2021 Price changed fromĀ Ā£2,700,000Ā toĀ Ā£2,500,000
02/08/2021 Price changed fromĀ Ā£2,900,000Ā toĀ Ā£2,700,000
01/03/2021 Initial entry found:Ā Ā£2,900,000

https://www.rightmove.co.uk/properties/103474517#/?channel=RES_BUY

Ā 

TOTAL REDUCTION: 27.59%

To be fair, that does look quite smart. Another 75% off and it'd be approaching value.

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HOLA447
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HOLA448
21 hours ago, Roman Roady said:

18 % off of a flat in Newcastle City centre. At least the rooms with a window have sun!

Not in the 20% range but look at the price history!

https://www.rightmove.co.uk/properties/90466879#/?channel=RES_BUY

image.png.617eecd5c550c7f73d97e4ebddfc3556.png

image.png.532b6186e6e97c3f3448e5b6e46a5452.png

Price Change History
09/12/2021 Price changed fromĀ Ā£165,000Ā toĀ Ā£160,000
20/10/2021 Price changed fromĀ Ā£175,000Ā toĀ Ā£165,000
12/06/2021 Price changed fromĀ Ā£185,000Ā toĀ Ā£175,000
28/04/2021 Price changed fromĀ Ā£195,000Ā toĀ Ā£185,000
07/04/2021 Initial entry found:Ā Ā£195,000

Ā£286k in 2009, Ā£150k in 2011 then Ā£120k in 2018ā€¦.ouch. The last buyer isnā€™t even hanging in for a rental yieldā€¦maybe they are trying to get out before they need to stump up for management costs for fire regs.

I think this does highlight some of the discrepancy we see on these threads over our local ā€˜version of eventsā€™. According to some there are 12 viewers and 30 offers on everythingā€¦.not here on these flats there isnā€™t šŸ˜‰

Absolutely no new listings near me for a few daysā€¦supply is tiny and still seeing ridiculous bandwidth on prices. And bizarrely some people seemingly seem happy to spend Ā£80k more on a Ā£250k house because itā€™s nicely decorated and has new blinds.

Oh dear, what a pity, never mind. šŸ¤¦šŸ»ā€ā™‚ļø

Ā 

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HOLA449
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HOLA4410
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HOLA4411

31% off of a 4 bed semi bungalow in Brum

https://www.rightmove.co.uk/properties/111824069#/?channel=RES_BUY

image.png.b30ae3c704b35d0e1197539793be1b38.png

image.png.413a77f754a1bdd9b4b5abf0dbbf4a53.png

Price Change History
08/12/2021 Price changed fromĀ Ā£230,000Ā toĀ Ā£200,000
16/11/2021 Price changed fromĀ Ā£250,000Ā toĀ Ā£230,000
23/10/2021 Price changed fromĀ Ā£290,000Ā toĀ Ā£250,000
12/08/2021 Initial entry found:Ā Ā£290,000
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HOLA4412

I do love this thread - but it seems to range from hugely expensive homes worth millions which I can't afford to retirement flats and awful flats in less desirable areas which I could afford but wouldn't buy.

Thanks to RR for the sterling work though.

PS Has anyone on here actually seen a property listed - and made an offer to buy it?

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HOLA4413
13
HOLA4414

20% off of a 1 bed apartment in Canary Warf... Chinese writing! I wonder who has just dropped out of this market????

https://www.rightmove.co.uk/properties/113301065#/?channel=RES_NEW

image.png.4ad0876a6bdc2b237154d16eb1bdc910.png

image.png.9bd262439088731803125e206d9adafa.png

Price Change History
04/11/2021 Price changed fromĀ Ā£780,000Ā toĀ Ā£700,000
10/09/2021 Price changed fromĀ Ā£878,900Ā toĀ Ā£780,000
10/09/2021 Initial entry found:Ā Ā£878,900
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HOLA4415
9 minutes ago, Roman Roady said:

20% off of a 1 bed apartment in Canary Warf... Chinese writing! I wonder who has just dropped out of this market????

https://www.rightmove.co.uk/properties/113301065#/?channel=RES_NEW

image.png.4ad0876a6bdc2b237154d16eb1bdc910.png

image.png.9bd262439088731803125e206d9adafa.png

Price Change History
04/11/2021 Price changed fromĀ Ā£780,000Ā toĀ Ā£700,000
10/09/2021 Price changed fromĀ Ā£878,900Ā toĀ Ā£780,000
10/09/2021 Initial entry found:Ā Ā£878,900

Is that new or was it bought and kept empty?

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HOLA4416
3 minutes ago, Si1 said:

Is that new or was it bought and kept empty?

postcode of E14 9SH doesnt return any sales ATM so I guess its new. Actually for a 56 floor apartment block, that doesnt bode well!

Ā 

However the postcode does return 56 results in the For Sale area of RM

https://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=POSTCODE^271844&propertyTypes=&includeSSTC=false&mustHave=&dontShow=&furnishTypes=&keywords=

including these

https://www.rightmove.co.uk/properties/83046841#/?channel=RES_BUY

Price Change History
09/06/2021 Price changed fromĀ Ā£1,980,000Ā toĀ Ā£1,950,000
08/02/2021 Price changed fromĀ Ā£2,380,000Ā toĀ Ā£1,980,000
03/08/2020 Initial entry found:Ā Ā£2,380,000

Ā 

https://www.rightmove.co.uk/properties/103239464#/?channel=RES_NEW

Price Change History
18/11/2021 Price changed fromĀ Ā£1,900,000Ā toĀ Ā£1,800,000
01/10/2021 Price changed fromĀ Ā£1,950,000Ā toĀ Ā£1,900,000
10/05/2021 Price changed fromĀ Ā£2,150,000Ā toĀ Ā£1,950,000
23/02/2021 Initial entry found:Ā Ā£2,150,000

Ā 

The actual block is Hampton Tower, one of the examples above was found on RM in 2019...so snapped up NOT!

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HOLA4417
17 hours ago, Si1 said:

Is that new or was it bought and kept empty?

I am more concerned as to who would buy a Ā£700,000 one bed flat with no outside space now - with a parking space by separate negotiation on top. The service charges given the on site gym, pool, spa, rooftop residents lounge/bar/terrace will be astronomical.

Why on earth would you want an onsite bar in the middle of Canary wharf which is full of bars?Ā  Why a cinema room - Cineworld at West India quay is a short walk and that gives unlimited access for Ā£16 a month?

Seriously - who would buy it to live in?

Edited by MARTINX9
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HOLA4418
2 hours ago, MARTINX9 said:

I am more concerned as to who would buy a Ā£700,000 one bed flat with no outside space now -

Seriously - who would buy it to live in?

I think that someone who lives on the far side of the world, who has never seen it in the flesh and who doesnt plan to...someone who thinks that UK property is a one way bet.

However it looks like that "someone" is in the process of going bust.

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HOLA4419

28% in Bolsover Derbs. Last sold in APR this year for 75k; looking at it the place looks to have been through a makeover. I cant find any previous pictures of the interior decor but I would guess the vendor is approaching a loss now and probably needs to sell or take in a tenant. Worth watching.

The heady hopes of 125k back in September must seem a long time ago now!

https://www.rightmove.co.uk/properties/113264318#/?channel=RES_BUY

image.png.51261063c55be25a6c87b2d3d95e7235.png

image.png.1d541adb64eafe37d054fbb8c4121079.png

Price Change History
10/12/2021 Price changed fromĀ Ā£100,000Ā toĀ Ā£90,000
16/11/2021 Price changed fromĀ Ā£120,000Ā toĀ Ā£100,000
28/10/2021 Price changed fromĀ Ā£125,000Ā toĀ Ā£120,000
09/09/2021 Initial entry found:Ā Ā£125,000
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HOLA4420
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HOLA4421
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HOLA4422
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HOLA4423
11 hours ago, Roman Roady said:

28% in Bolsover Derbs. Last sold in APR this year for 75k; looking at it the place looks to have been through a makeover. I cant find any previous pictures of the interior decor but I would guess the vendor is approaching a loss now and probably needs to sell or take in a tenant. Worth watching.

The heady hopes of 125k back in September must seem a long time ago now!

https://www.rightmove.co.uk/properties/113264318#/?channel=RES_BUY

image.png.51261063c55be25a6c87b2d3d95e7235.png

image.png.1d541adb64eafe37d054fbb8c4121079.png

Price Change History
10/12/2021 Price changed fromĀ Ā£100,000Ā toĀ Ā£90,000
16/11/2021 Price changed fromĀ Ā£120,000Ā toĀ Ā£100,000
28/10/2021 Price changed fromĀ Ā£125,000Ā toĀ Ā£120,000
09/09/2021 Initial entry found:Ā Ā£125,000

Slightly depressing semi rural part of the Midlands. Neither vibrant urban, cute community village or AONB. Rather meh.

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HOLA4424
24
HOLA4425
9 minutes ago, Si1 said:

Slightly depressing semi rural part of the Midlands. Neither vibrant urban, cute community village or AONB. Rather meh.

But does one need such things?Ā  I live in an unfashionable part of London and if I had a spare Ā£1 million I would like to live in somewhere more fashionable near say Richmond park which is nice.Ā  But I would need to have many millions before I thought that spending Ā£1 million to live near Richmond compared to where I do now is a good buy.

Ā 

I appreciate that in the Midlands the savings are less but even so.

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