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Examples of big & multiple drops


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https://www.rightmove.co.uk/property-for-sale/property-71990852.html

This has been up for sale for over 2 years - almost a 50% drop! Probably the biggest one I've seen so far. 

It is most likely the price (although sales have gone through at a little less), although for the best part of £1m it's appallingly marketed, with terrible photos and description.

Sad thing is a few years ago you probably could have gotten away with it.

The décor has dated really badly, looks like an old people's home

I think most people would want to change everything.

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Nearly 22%

https://www.rightmove.co.uk/property-for-sale/property-78121564.html

Price Change History
27/07/2020 Price Changed: £279,950 £269,950
12/06/2020 Price Changed: £345,000 £279,950
11/03/2020 Initial entry found.

Didn't the floods earlier in the year get to town walls?  there's no garden, although the park behind made to look like a garden in the photo, plus it looks like an office. Probably worth about 120k in my opinion. 

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Didn't the floods earlier in the year get to town walls?  there's no garden, although the park behind made to look like a garden in the photo, plus it looks like an office. Probably worth about 120k in my opinion. 

I agree with yr price but...rejoice! Its a price drop!

WRT the floods, looking at the area on OS maps it looks to be 60m ASL so it should be safe, thats assuming the location info on RM is correct.

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I've seen bigger drops elsewhere but this is my current favourite for the narrative:

May 2019 - Let's list.

Aug 2020 - there's a mini-boom, isn't there? Let's ask for £25K extra!

Sep 2020 - ah, this mini-boom apparently doesn't apply to London. B*gger. Reduction time. £40K!

Oct 2020 - oh, it appears London's really falling. Best knock another £35K off.

To be continued - downwards.....

604671621_Screenshot2020-10-09182555.jpg.839215e2736fe1a7b4581a9a3482c50e.jpg

Edited by Voice of Doom
Corrected a date
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31% near Chesterfield...comes with its own Haulage yard! Form an orderly queue please.

https://www.rightmove.co.uk/property-for-sale/property-68897497.html

Price Change History
27/08/2020 Price Changed: £330,000 £310,000
02/06/2020 Price Changed: £360,000 £330,000
13/01/2020 Price Changed: £380,000 £360,000
14/11/2019 Price Changed: £400,000 £380,000
21/10/2019 Price Changed: £425,000 £400,000
03/01/2019 Price Changed: £450,000 £425,000
05/12/2018 Initial entry found.

 

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