longgone Posted May 12, 2020 Share Posted May 12, 2020 10 minutes ago, dirtysteve said: I like this thread. Let’s hope it becomes very active again soon. ? recent buyers will soon be finding out what a mortgage really means. Quote Link to comment Share on other sites More sharing options...
Warwick-Watcher Posted May 12, 2020 Share Posted May 12, 2020 5 hours ago, simon2 said: This is funny: https://www.rightmove.co.uk/property-for-sale/property-74564000.html On the market 2 years in July, and gone from £400k to £300k. I really hope it doesn't sell. Just reeks of greed, a bathroom inserted into the kitchen, the lounge halved to make a bedroom, people should shun these places. Lounge/diner (!!!) is under 8 feet wide, and narrows to less than 6 feet. May as well buy a canal boat and have done with it. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted May 12, 2020 Share Posted May 12, 2020 5 hours ago, simon2 said: This is funny: https://www.rightmove.co.uk/property-for-sale/property-74564000.html On the market 2 years in July, and gone from £400k to £300k. I really hope it doesn't sell. Just reeks of greed, a bathroom inserted into the kitchen, the lounge halved to make a bedroom, people should shun these places. Oh my! ‘Two’ bedroom flat!! (44sqm) My one bed flat is 50sqm Quote Link to comment Share on other sites More sharing options...
Orb Posted May 12, 2020 Share Posted May 12, 2020 5 hours ago, simon2 said: This is funny: https://www.rightmove.co.uk/property-for-sale/property-74564000.html On the market 2 years in July, and gone from £400k to £300k. I really hope it doesn't sell. Just reeks of greed, a bathroom inserted into the kitchen, the lounge halved to make a bedroom, people should shun these places. Looking at that floorplan it seems your housemate can go for a huge crap just feet away from where you're cooking dinner, separated by only a door. Quote Link to comment Share on other sites More sharing options...
MissOnAccomplished Posted May 13, 2020 Share Posted May 13, 2020 Here is a nice one. 33% down and counting. Still overpriced - unless it includes the MG in the shed. https://www.rightmove.co.uk/property-for-sale/property-55328661.html Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted May 13, 2020 Share Posted May 13, 2020 On 12/05/2020 at 17:22, Orb said: Looking at that floorplan it seems your housemate can go for a huge crap just feet away from where you're cooking dinner, separated by only a door. I’ve had at least two housemates I would have enjoyed doing that to. I say feature, not bug. Quote Link to comment Share on other sites More sharing options...
Orb Posted May 13, 2020 Share Posted May 13, 2020 5 minutes ago, PeanutButter said: I’ve had at least two housemates I would have enjoyed doing that to. I say feature, not bug. I read that anticipating you saying "doing that to me". ? Quote Link to comment Share on other sites More sharing options...
user not found Posted May 14, 2020 Author Share Posted May 14, 2020 9 hours ago, MissOnAccomplished said: Here is a nice one. 33% down and counting. Still overpriced - unless it includes the MG in the shed. https://www.rightmove.co.uk/property-for-sale/property-55328661.html What browser/extension gives you that arrow/price history? Thanks. PS. nice house ... still 300k overpriced! Quote Link to comment Share on other sites More sharing options...
simon2 Posted May 14, 2020 Share Posted May 14, 2020 Here's one.... unlucky for the owner really. Chasing the market down but about 2 years too late. https://www.rightmove.co.uk/property-for-sale/property-64570911.html Might not be the last price chop, but I do think it'll go unlike some others. Quote Link to comment Share on other sites More sharing options...
naturals Posted May 15, 2020 Share Posted May 15, 2020 (edited) A few London reductions £3m haircut this week https://www.zoopla.co.uk/for-sale/details/47806461?search_identifier=8f5a5daaa8cb9bae92ba19b76cd0eefd 1/4 of a mill (18.5%) less than it sold for in 2015 https://www.zoopla.co.uk/for-sale/details/52868103?search_identifier=8f5a5daaa8cb9bae92ba19b76cd0eefd Reduced £1.5m total, £750k this week alone https://www.zoopla.co.uk/for-sale/details/50456734?search_identifier=0f98f436de2ca1800ba664b67bc90754 £1.75m off https://www.zoopla.co.uk/for-sale/details/44600747?search_identifier=0f98f436de2ca1800ba664b67bc90754 On the market close to 3 years, even a 30% drop isn't helping. Another couple of hundred grand and they're not far off the last sold (2007) price https://www.zoopla.co.uk/for-sale/details/46004275?search_identifier=0f98f436de2ca1800ba664b67bc90754 Nearly 1/3rd off https://www.zoopla.co.uk/for-sale/details/51610178?search_identifier=0f98f436de2ca1800ba664b67bc90754 Edited May 15, 2020 by naturals Quote Link to comment Share on other sites More sharing options...
btl_hater Posted May 15, 2020 Share Posted May 15, 2020 I just don't understand how these mental London prices exist. What sort of jobs do these owners have? Surely, if they are that specialist they can remote work for a large part of the week? I just don't get it. Quote Link to comment Share on other sites More sharing options...
naturals Posted May 15, 2020 Share Posted May 15, 2020 (edited) 10 minutes ago, btl_hater said: I just don't understand how these mental London prices exist. What sort of jobs do these owners have? Surely, if they are that specialist they can remote work for a large part of the week? I just don't get it. I don't think many of these people work. A lot of it is inherited wealth from overseas. London is just a safe haven for their riches. I used to work in this world, renovating places for the super wealthy. We did one place in Eaton Square (often called most expensive street in England). IIRC it sold for something like £30m (and this is close to 20 years ago now). It wasn't even freehold. The owner made his money in oil and wanted a pad in London. He rarely stayed more than a couple of weeks a year. Nonetheless, he still had a florist visit every week and put fresh flowers in every room. Their bill was into the thousands per week. I remember his dismay on discovering (after he'd bought the place) that it didn't even have off street parking, so he'd have to leave his vintage Rolls on the street with all the riffraff and their brightly coloured Italian metal. Edited May 15, 2020 by naturals Quote Link to comment Share on other sites More sharing options...
Orb Posted May 15, 2020 Share Posted May 15, 2020 (edited) 9 minutes ago, btl_hater said: I just don't understand how these mental London prices exist. What sort of jobs do these owners have? Surely, if they are that specialist they can remote work for a large part of the week? I just don't get it. CEOs of Russian oil companies, or Chinese banks. Ex government bods (or their wives) from corrupt African countries TV presenters/singers/football players/top boxers Bankers and investment company managers Lottery winners (there's been thousands of millionaires made since national lottery began) Leveraged up BTL scumlords (ok that one's a joke [or is it?]) The list is endless. Edited May 15, 2020 by Orb Quote Link to comment Share on other sites More sharing options...
Warwick-Watcher Posted May 15, 2020 Share Posted May 15, 2020 45 minutes ago, Orb said: CEOs of Russian oil companies, or Chinese banks. Ex government bods (or their wives) from corrupt African countries TV presenters/singers/football players/top boxers Bankers and investment company managers Lottery winners (there's been thousands of millionaires made since national lottery began) Leveraged up BTL scumlords (ok that one's a joke [or is it?]) The list is endless. That's the truth, there's a world of people who can afford £1m plus for a property and London only has a certain amount of property to be bought. Most expensive of Rightmove now is £55 million - and it's only an apartment, not a detached house! https://www.rightmove.co.uk/property-for-sale/property-76254811.html Most expensive detached - £40m mill. However it's not even close to central London - chance of getting £40 mill for this one? https://www.rightmove.co.uk/property-for-sale/property-79055890.html Or 7 bed detached - just £1.2m !!! https://www.rightmove.co.uk/property-for-sale/property-70698052.html Quote Link to comment Share on other sites More sharing options...
Orb Posted May 15, 2020 Share Posted May 15, 2020 1 hour ago, Warwick-Watcher said: Most expensive of Rightmove now is £55 million - and it's only an apartment, not a detached house! https://www.rightmove.co.uk/property-for-sale/property-76254811.html Know what I find hilarious about that? It's leasehold. £55mil, and it isn't even yours lol. Quote Link to comment Share on other sites More sharing options...
Chunketh Posted May 15, 2020 Share Posted May 15, 2020 (edited) On 14/05/2020 at 06:48, Sausage said: What browser/extension gives you that arrow/price history? Thanks. PS. nice house ... still 300k overpriced! https://chrome.google.com/webstore/detail/property-tracker/abgkpdjomdmemeefdefalbeogkmlmand?hl=en-GB Careful relying solely on it though as a lot of agents simply relist rather than edit...they are getting wise to our technomagical ways. Surprising really, I would not have expected that level of intelligence from a boiled potato. Edited May 15, 2020 by Chunketh added point Quote Link to comment Share on other sites More sharing options...
Buzzardo2 Posted May 15, 2020 Share Posted May 15, 2020 On 13/05/2020 at 20:56, MissOnAccomplished said: Here is a nice one. 33% down and counting. Still overpriced - unless it includes the MG in the shed. https://www.rightmove.co.uk/property-for-sale/property-55328661.html Ye Gods!!! I was born in a maternity home in Ulverston, when my parents lived in Barrow-in-Furness. That is insane. Don't be fooled; that is NOT the "Lake District" "proper." I am very fond of Barrow because it's where my family comes from; my Grandad was a plater in Vickers Shipyard (now BAE I believe) and at least in the older generations you couldn't meet nicer people. BUT, it's always been just the shipyard, a bogroll factory, and endless multi-generation benefits families, at the end of the longest cul-de-sac in the country (the A590) Lowick is just up the road, but there's fk all else there either. Half a mill, for a rundown old place with solid fuel heating in the middle of nowhere. You seriously just can't make stuff like that up!! Quote Link to comment Share on other sites More sharing options...
user not found Posted May 15, 2020 Author Share Posted May 15, 2020 6 hours ago, naturals said: I don't think many of these people work. A lot of it is inherited wealth from overseas. London is just a safe haven for their riches. I used to work in this world, renovating places for the super wealthy. We did one place in Eaton Square (often called most expensive street in England). IIRC it sold for something like £30m (and this is close to 20 years ago now). It wasn't even freehold. The owner made his money in oil and wanted a pad in London. He rarely stayed more than a couple of weeks a year. Nonetheless, he still had a florist visit every week and put fresh flowers in every room. Their bill was into the thousands per week. I remember his dismay on discovering (after he'd bought the place) that it didn't even have off street parking, so he'd have to leave his vintage Rolls on the street with all the riffraff and their brightly coloured Italian metal. I would say the florist was the winner there! That level of consumption makes me feel physically ill. Quote Link to comment Share on other sites More sharing options...
dirtysteve Posted May 15, 2020 Share Posted May 15, 2020 5 hours ago, Chunketh said: https://chrome.google.com/webstore/detail/property-tracker/abgkpdjomdmemeefdefalbeogkmlmand?hl=en-GB Careful relying solely on it though as a lot of agents simply relist rather than edit...they are getting wise to our technomagical ways. Surprising really, I would not have expected that level of intelligence from a boiled potato. It’s annoying it relies on a listing rather than an address. The data must be there to allow an app to use address and track all price movements through any listing and any agent. You’d think it would also be available through freedom of information. The info is out there as agents have access to data like this. Quote Link to comment Share on other sites More sharing options...
Chunketh Posted May 15, 2020 Share Posted May 15, 2020 1 minute ago, dirtysteve said: It’s annoying it relies on a listing rather than an address. The data must be there to allow an app to use address and track all price movements through any listing and any agent. You’d think it would also be available through freedom of information. The info is out there as agents have access to data like this. It's ok enough to keep an eye on rough movements in an area, if you want accurate tracking you are better doing it yourself. After all. Quote Link to comment Share on other sites More sharing options...
dirtysteve Posted May 15, 2020 Share Posted May 15, 2020 3 minutes ago, Chunketh said: It's ok enough to keep an eye on rough movements in an area, if you want accurate tracking you are better doing it yourself. After all. lol. Never seen that. I’ve met a lot of estate agents in recent years through struggling to sell my leasehold flat to more recently looking at buying houses. Most are arrogant incompetent lying cretins but in fairness I’ve met quite a fair few decent honest ones just trying to earn a living and not live up to the stereotype. You can spot the worst greasy haired, sharp suited, Mercedes driving type a mile off. Quote Link to comment Share on other sites More sharing options...
Chunketh Posted May 16, 2020 Share Posted May 16, 2020 1 hour ago, dirtysteve said: lol. Never seen that. I’ve met a lot of estate agents in recent years through struggling to sell my leasehold flat to more recently looking at buying houses. Most are arrogant incompetent lying cretins but in fairness I’ve met quite a fair few decent honest ones just trying to earn a living and not live up to the stereotype. You can spot the worst greasy haired, sharp suited, Mercedes driving type a mile off. We have a particularly cretinous one dealing with our current purchase and she has pissed me off enough for me to seriously consider telling her to f*** off and walking away more than once. Quote Link to comment Share on other sites More sharing options...
naturals Posted May 16, 2020 Share Posted May 16, 2020 I thought I'd have a look in the sub £1m category today. Lots of stuff around; some big reductions this week already starting to appear. "Reduced to under 2015 Purchase Contract Price" https://www.zoopla.co.uk/new-homes/details/48865750?search_identifier=2e5a9ae22f8e25488bade0541a5abd5b £238k off https://www.zoopla.co.uk/new-homes/details/54526729?search_identifier=2e5a9ae22f8e25488bade0541a5abd5b £100k off in Clapham https://www.zoopla.co.uk/for-sale/details/52568299?search_identifier=af399b58c561fc06b3eace60a0d8df71 Four meaty reductions this year already https://www.zoopla.co.uk/for-sale/details/53790617?search_identifier=2e5a9ae22f8e25488bade0541a5abd5b Lightbulb salesman's gaff https://www.zoopla.co.uk/for-sale/details/52484727?search_identifier=2e5a9ae22f8e25488bade0541a5abd5b £150k down https://www.zoopla.co.uk/for-sale/details/53154390?search_identifier=747bfbf8c3a035638ccce2a789ce7686 Five reductions this year. Works out 4% growth per year since last sold in 2011. https://www.zoopla.co.uk/for-sale/details/54293457?search_identifier=747bfbf8c3a035638ccce2a789ce7686 Quote Link to comment Share on other sites More sharing options...
Warlord Posted May 16, 2020 Share Posted May 16, 2020 London prices are insane. We were looking at Japan's property prices in another thread from the early 90's crash they had. In densely populated Tokyo they experienced 50% falls over a 2-3 year period https://japanpropertycentral.com/2019/09/new-apartment-prices-in-japan-since-1956/ This could be instructive. Quote Link to comment Share on other sites More sharing options...
Si1 Posted May 16, 2020 Share Posted May 16, 2020 12 hours ago, Sausage said: That level of consumption makes me feel physically ill. yes Quote Link to comment Share on other sites More sharing options...
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