Roman Roady Posted October 26, 2020 Share Posted October 26, 2020 5 bed house: 21% drop https://www.rightmove.co.uk/property-for-sale/property-81357304.html Price Change History 20/10/2020 Price Changed: £650,000 £600,000 10/09/2020 Price Changed: £700,000 £650,000 22/07/2020 Price Changed: £750,000 £700,000 27/06/2020 Initial entry found. Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted October 27, 2020 Share Posted October 27, 2020 Just seen some old neighbours have cut the price of their starter home to almost 30k less than they paid 3-4 years ago. Zone 5. Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 28, 2020 Share Posted October 28, 2020 £50k in a month: https://www.rightmove.co.uk/property-for-sale/property-84392764.html This block is quite interesting in terms of price action. Always many flats for sale here, not many go through. Many are quite similar inside and should be quite comparable in price. I think £270k, if it goes through will be the lowest for some time. Quote Link to comment Share on other sites More sharing options...
sammersmith Posted October 28, 2020 Share Posted October 28, 2020 £50k in a month: https://www.rightmove.co.uk/property-for-sale/property-84392764.html This block is quite interesting in terms of price action. Always many flats for sale here, not many go through. Many are quite similar inside and should be quite comparable in price. I think £270k, if it goes through will be the lowest for some time. That's very low for Zone 1 and share of freehold. The surrounding area is great, and I would've jumped at that in my yoof as i was looking at a very similar sized studio in Shepherds Bush way back in 2012 for £240K. This has to be a service charge issue / lack of sinking fund that halts all these sales. Quote Link to comment Share on other sites More sharing options...
hotblack42 Posted October 28, 2020 Share Posted October 28, 2020 £50k in a month: https://www.rightmove.co.uk/property-for-sale/property-84392764.html This block is quite interesting in terms of price action. Always many flats for sale here, not many go through. Many are quite similar inside and should be quite comparable in price. I think £270k, if it goes through will be the lowest for some time. OK its tiny but if all you want is somewhere to bed down when in town then anything bigger is unnecessary. It'll be very interesting and encouraging if places like this remain at or below these prices post Covid-19. Quote Link to comment Share on other sites More sharing options...
captainb Posted October 28, 2020 Share Posted October 28, 2020 £50k in a month: https://www.rightmove.co.uk/property-for-sale/property-84392764.html This block is quite interesting in terms of price action. Always many flats for sale here, not many go through. Many are quite similar inside and should be quite comparable in price. I think £270k, if it goes through will be the lowest for some time. Something odd with the lease would be my bet.. or some horrific ongoing major works e.g roof replacement Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 28, 2020 Share Posted October 28, 2020 Thing is with that place, there has been sales, so it's not as if it's a total lemon. My guess is that the service charge is ridiculous. A building like that is going to be inefficient I feel. Here is another one: https://www.rightmove.co.uk/property-for-sale/property-82830958.html Surprised that this can't sell. Sure, not prime London but it's a relatively inoffensive 1-bed flat near Zone 2 station and a park. I've seen worse 1-beds in worse locations up trying to get more money. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 28, 2020 Share Posted October 28, 2020 This is interesting...new build with 20% off from initial asking. 1st listed last Xams with several recent drops. Bourne which is southern part of Lincolnshire. https://www.rightmove.co.uk/property-for-sale/property-67156500.html Price Change History 09/10/2020 Price Changed: £250,000 £235,000 12/08/2020 Price Changed: £260,000 £250,000 15/07/2020 Price Changed: £270,000 £260,000 23/06/2020 Price Changed: £285,000 £270,000 14/02/2020 Price Changed: £295,000 £285,000 01/01/2020 Initial entry found. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 28, 2020 Share Posted October 28, 2020 21.5% drop in Bourne again. https://www.rightmove.co.uk/property-for-sale/property-68244489.html Price Change History 20/10/2020 Price Changed: £120,000 £110,000 10/09/2020 Price Changed: £130,000 £120,000 21/03/2020 Price Changed: £135,000 £130,000 23/02/2020 Price Changed: £140,000 £135,000 10/02/2020 Initial entry found. Quote Link to comment Share on other sites More sharing options...
12345 Posted October 28, 2020 Share Posted October 28, 2020 28% drop... https://www.rightmove.co.uk/property-for-sale/property-77642759.html Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 28, 2020 Share Posted October 28, 2020 20% drop near Rotherham...due another its been on the market for long enough! https://www.rightmove.co.uk/property-for-sale/property-65299624.html Price Change History 02/11/2019 Price Changed: £500,000 £475,000 28/09/2019 Price Changed: £525,000 £500,000 20/09/2018 Price Changed: £549,000 £525,000 10/07/2018 Price Changed: £595,000 £549,000 13/05/2018 Initial entry found. Quote Link to comment Share on other sites More sharing options...
naturals Posted October 28, 2020 Share Posted October 28, 2020 28% drop... https://www.rightmove.co.uk/property-for-sale/property-77642759.html Some lovely Wetherspoons carpets in that one. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 28, 2020 Share Posted October 28, 2020 45% drop in initial bid https://www.rightmove.co.uk/property-for-sale/property-71712636.html Price Change History 09/10/2020 Price Changed: £115,000 £110,000 26/09/2020 Price Changed: £150,000 £115,000 06/08/2020 Price Changed: £200,000 £150,000 08/07/2020 Initial entry found. Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 29, 2020 Share Posted October 29, 2020 https://www.zoopla.co.uk/for-sale/details/48111544?search_identifier=2f1d6e471acb064e4dd30efbe2279586 Posted one from this block already in the past, but a fairly chunky reduction - guessing there were no bids anywhere near. Quite funny cos looking at the price history here some poor sods did buy places for much more than this... this has been up for sale for 2 years. I get the impression someone needs to sell here, cannot afford mortgage/service charge so will be interesting to see at what point someone bites. Quote Link to comment Share on other sites More sharing options...
Orb Posted October 29, 2020 Share Posted October 29, 2020 (edited) https://www.zoopla.co.uk/for-sale/details/48111544?search_identifier=2f1d6e471acb064e4dd30efbe2279586 Posted one from this block already in the past, but a fairly chunky reduction - guessing there were no bids anywhere near. Quite funny cos looking at the price history here some poor sods did buy places for much more than this... this has been up for sale for 2 years. I get the impression someone needs to sell here, cannot afford mortgage/service charge so will be interesting to see at what point someone bites. Surprises me that it hasn't been snapped up, especially as it's so close to Waitrose The job Centre. Edited October 29, 2020 by Orb Quote Link to comment Share on other sites More sharing options...
Voice of Doom Posted October 29, 2020 Share Posted October 29, 2020 (edited) https://www.zoopla.co.uk/for-sale/details/48111544?search_identifier=2f1d6e471acb064e4dd30efbe2279586 I get the impression someone needs to sell here, cannot afford mortgage/service charge so will be interesting to see at what point someone bites. Thanks for posting @Simon2. I know someone who owns in that block. Bought several years ago, mind. I have to say it's quite a drop. Aside from the small matter of the pandemic, the seller will have to contend with the fact Acton is basically a flat factory. New builds everywhere. I know there is a talk of a mini-boom but this is a reminder that economic reality will prevail. I keep saying this, but this thread is going to get busier in the coming months. Edited October 29, 2020 by Voice of Doom Typo Quote Link to comment Share on other sites More sharing options...
Insane Posted October 29, 2020 Share Posted October 29, 2020 I have to say it's quite a drop. Aside from the small matter of the pandemic, the seller will have to contend with the fact Acton is basically a flat factory. New builds everywhere. So is so much of London, there is block after block being built in the East of London especially in the Royal Docks , I believe much of it is being funded with HTB. I have been saying for years that there are too many flats and have been proved wrong but an oversupply must be on the Horizon soon. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted October 30, 2020 Share Posted October 30, 2020 I looked at this and I think....it's £400k over priced. This whole thing is insane. https://www.rightmove.co.uk/property-for-sale/property-64374978.html 26/10/2020 Price Changed: £495,000 £465,000 25/09/2020 Price Changed: £525,000 £495,000 24/08/2020 Price Changed: £575,000 £525,000 30/01/2020 Price Changed: £595,000 £575,000 30/09/2019 Price Changed: £635,000 £595,000 14/08/2019 Initial entry found. Quote Link to comment Share on other sites More sharing options...
naturals Posted October 30, 2020 Share Posted October 30, 2020 I looked at this and I think....it's £400k over priced. This whole thing is insane. https://www.rightmove.co.uk/property-for-sale/property-64374978.html 26/10/2020 Price Changed: £495,000 £465,000 25/09/2020 Price Changed: £525,000 £495,000 24/08/2020 Price Changed: £575,000 £525,000 30/01/2020 Price Changed: £595,000 £575,000 30/09/2019 Price Changed: £635,000 £595,000 14/08/2019 Initial entry found. Gosh that is foul. As soon as I saw the location the madness started to make a little more sense though. There are a lot of people in London who will gladly pay a massive premium to be able to live in some areas, even if the actual property they live in is truly ghastly compared to somewhere in a marginally less desirable suburb. Quote Link to comment Share on other sites More sharing options...
simon2 Posted October 30, 2020 Share Posted October 30, 2020 Strange old area that one. Much inequality, close to crap stuff, far from transport. But also close to nice places as well. I would think much better 1-beds would be available at the £500k mark. So I don't think this price is great but I bet it'll go at c.£400k. It looks like they will just keep reducing until sold. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 30, 2020 Share Posted October 30, 2020 20% off initial bid in Sleaford in Lincs https://www.rightmove.co.uk/property-for-sale/property-66430251.html Price Change History 05/10/2020 Price Changed: £365,000 £340,000 03/09/2020 Price Changed: £385,000 £365,000 13/08/2020 Price Changed: £400,000 £385,000 13/02/2020 Price Changed: £425,000 £400,000 15/11/2019 Initial entry found. Quote Link to comment Share on other sites More sharing options...
captainb Posted October 30, 2020 Share Posted October 30, 2020 I looked at this and I think....it's £400k over priced. This whole thing is insane. https://www.rightmove.co.uk/property-for-sale/property-64374978.html 26/10/2020 Price Changed: £495,000 £465,000 25/09/2020 Price Changed: £525,000 £495,000 24/08/2020 Price Changed: £575,000 £525,000 30/01/2020 Price Changed: £595,000 £575,000 30/09/2019 Price Changed: £635,000 £595,000 14/08/2019 Initial entry found. Its chelsea. Let me guess you dont live in London? Thats not madness for around there - cheap as its small and ugly. Quote Link to comment Share on other sites More sharing options...
Nomadd Posted October 30, 2020 Share Posted October 30, 2020 I looked at this and I think....it's £400k over priced. This whole thing is insane. https://www.rightmove.co.uk/property-for-sale/property-64374978.html 26/10/2020 Price Changed: £495,000 £465,000 25/09/2020 Price Changed: £525,000 £495,000 24/08/2020 Price Changed: £575,000 £525,000 30/01/2020 Price Changed: £595,000 £575,000 30/09/2019 Price Changed: £635,000 £595,000 14/08/2019 Initial entry found. It's not often I'm lost for words, but that.. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 30, 2020 Share Posted October 30, 2020 32% off in north Nottinghamshire...or Lincolnshire or Derbyshire somewhere??? https://www.rightmove.co.uk/property-for-sale/property-93248954.html Price Change History 11/09/2020 Price Changed: £295,000 £289,000 14/07/2020 Price Changed: £425,000 £295,000 08/06/2020 Initial entry found. Quote Link to comment Share on other sites More sharing options...
Roman Roady Posted October 30, 2020 Share Posted October 30, 2020 21% in Canary Wharf https://www.rightmove.co.uk/property-for-sale/property-84926300.html Price Change History 18/09/2020 Price Changed: £1,000,000 £975,000 08/09/2020 Price Changed: £1,100,000 £1,000,000 11/12/2019 Price Changed: £1,180,000 £1,100,000 08/10/2019 Price Changed: £1,235,000 £1,180,000 19/09/2019 Initial entry found. 21% becomes 21.7%....or if the headline price of 950k is to be believed, it becomes 23% Price Change History 20/10/2020 Price Changed: £975,000 £968,000 18/09/2020 Price Changed: £1,000,000 £975,000 08/09/2020 Price Changed: £1,100,000 £1,000,000 11/12/2019 Price Changed: £1,180,000 £1,100,000 08/10/2019 Price Changed: £1,235,000 £1,180,000 19/09/2019 Initial entry found. Quote Link to comment Share on other sites More sharing options...
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