17clarence Posted February 2 Report Share Posted February 2 1 minute ago, 17clarence said: Just to add, I used google maps for a walk around, and saw there was a bin with the house number outside. It's right by an A road and surrounded by on road car parking. Worth a look to see how crazy the price is. https://www.google.com/maps/@53.8137731,-1.6331604,3a,75y,160.9h,87.2t/data=!3m6!1e1!3m4!1sf7lKhcu_XhFTSzxwEsCghA!2e0!7i13312!8i6656 Just noticed, two of the neighbours have security gates on the back doors, which actually look like the front doors. https://www.google.com/maps/@53.8134798,-1.6328261,3a,75y,294.69h,99.19t/data=!3m6!1e1!3m4!1sQScO-wypMqHlqokK_t2iTg!2e0!7i13312!8i6656 Quote Link to post Share on other sites
17clarence Posted February 2 Report Share Posted February 2 17 minutes ago, 17clarence said: Found it on houseprices.io 29/03/2018 £205,000 9 Moorfields, Bramley, Leeds, LS13 3JZ I think someone has overpaid. This is number 2 from the other end of the terrace. 06/11/2018 £115,000 2 Moorfields, Leeds, LS17 6SJ Quote Link to post Share on other sites
spyguy Posted February 2 Report Share Posted February 2 1 hour ago, 17clarence said: Just noticed, two of the neighbours have security gates on the back doors, which actually look like the front doors. https://www.google.com/maps/@53.8134798,-1.6328261,3a,75y,294.69h,99.19t/data=!3m6!1e1!3m4!1sQScO-wypMqHlqokK_t2iTg!2e0!7i13312!8i6656 Wow! It just be where very rich people live.... Quote Link to post Share on other sites
Roman Roady Posted February 3 Report Share Posted February 3 (edited) 22% off of a 2 bed apartment south of Leeds/Bradford https://www.rightmove.co.uk/properties/72432078#/ Price Change History 25/01/2021 Price Changed: £115,000 £105,000 02/12/2020 Price Changed: £125,000 £115,000 03/09/2020 Price Changed: £135,000 £125,000 08/08/2020 Initial entry found. Edited February 3 by Roman Roady Quote Link to post Share on other sites
Si1 Posted February 3 Report Share Posted February 3 17 minutes ago, Roman Roady said: 22% off of a 2 bed apartment south of Leeds/Bradford https://www.rightmove.co.uk/properties/72432078#/ Price Change History 25/01/2021 Price Changed: £115,000 £105,000 02/12/2020 Price Changed: £125,000 £115,000 03/09/2020 Price Changed: £135,000 £125,000 08/08/2020 Initial entry found. Cheers dude Quote Link to post Share on other sites
Roman Roady Posted February 3 Report Share Posted February 3 21.5% off of a 4 bed flat in London SE1 https://www.rightmove.co.uk/properties/50881647#/ Price Change History 11/11/2019 Price Changed: £6,800,000 £6,250,000 14/05/2019 Price Changed: £7,250,000 £6,800,000 08/01/2019 Price Changed: £7,950,000 £7,250,000 04/04/2018 Initial entry found. Quote Link to post Share on other sites
Roman Roady Posted February 4 Report Share Posted February 4 20% off of a shop type thing in Herefordshire https://www.rightmove.co.uk/properties/68462937#/ Price Change History 25/11/2020 Price Changed: £240,000 £200,000 18/08/2020 Price Changed: £250,000 £240,000 20/02/2020 Initial entry found. Quote Link to post Share on other sites
Roman Roady Posted February 5 Report Share Posted February 5 24.5% off of a 3 bed apartment in Borough, London SE1...recent regular drops so due another soon IMPO. Next stop £800k? https://www.rightmove.co.uk/properties/95401538#/ Price Change History 07/01/2021 Price Changed: £875,000 £850,000 10/12/2020 Price Changed: £960,000 £875,000 11/11/2020 Price Changed: £1,000,000 £960,000 01/09/2020 Price Changed: £1,125,000 £1,000,000 29/07/2020 Initial entry found. Quote Link to post Share on other sites
KieranE Posted February 5 Report Share Posted February 5 Seven drops in nearly three years ... https://www.rightmove.co.uk/properties/65139475#/ I think the sun loungers add a nice touch. Quote Link to post Share on other sites
Wayward Posted February 5 Report Share Posted February 5 This is commercial property but I think worth a mention here...a fall in valuation from £37m in 2011 to realised sale price this week at £4.9m...reported in today's Times pgs 40-41. What % fall is that? One for the local authorities investing in commercial property madness thread. Shopping centre sells for £4.9m The Times reports that the West Orchards shopping centre in Coventry was sold this week for just £4.9m, despite being valued at £37m eight years ago. The discount sale price has raised concerns among lenders, landlords and local authorities across the country, as it will likely inform valuations of similar assets later in the year. Other commercial landlords could be on course to breach covenants with their lenders if their assets are also subject to such steep discounts in valuation. This could also have a knock-on effect for pension funds and local authorities, some of which are invested heavily in high street shops and shopping centres. However, George Walker, a partner at property auctioneer Allsop, said that the move illustrates that the seller of West Orchards was “accepting where the market is," adding that the shopping centre would likely benefit from new ownership. Quote Link to post Share on other sites
hotblack42 Posted February 5 Report Share Posted February 5 2 hours ago, Wayward said: This is commercial property but I think worth a mention here...a fall in valuation from £37m in 2011 to realised sale price this week at £4.9m...reported in today's Times pgs 40-41. What % fall is that? One for the local authorities investing in commercial property madness thread. Shopping centre sells for £4.9m The Times reports that the West Orchards shopping centre in Coventry was sold this week for just £4.9m, despite being valued at £37m eight years ago. The discount sale price has raised concerns among lenders, landlords and local authorities across the country, as it will likely inform valuations of similar assets later in the year. Other commercial landlords could be on course to breach covenants with their lenders if their assets are also subject to such steep discounts in valuation. This could also have a knock-on effect for pension funds and local authorities, some of which are invested heavily in high street shops and shopping centres. However, George Walker, a partner at property auctioneer Allsop, said that the move illustrates that the seller of West Orchards was “accepting where the market is," adding that the shopping centre would likely benefit from new ownership. £46M inflation adjusted so almost 90% real loss assuming the 2011 valuation was realistic. There may be trouble ahead..🙁 Quote Link to post Share on other sites
naturals Posted February 5 Report Share Posted February 5 4 hours ago, Roman Roady said: 24.5% off of a 3 bed apartment in Borough, London SE1...recent regular drops so due another soon IMPO. Next stop £800k? https://www.rightmove.co.uk/properties/95401538#/ Price Change History 07/01/2021 Price Changed: £875,000 £850,000 10/12/2020 Price Changed: £960,000 £875,000 11/11/2020 Price Changed: £1,000,000 £960,000 01/09/2020 Price Changed: £1,125,000 £1,000,000 29/07/2020 Initial entry found. That's an interesting one. Fantastic location for London (Rope Walk market on your doorstep is amazing, as is Borough High Street, and the City a short walk over Tower Bridge). The Beer Mile is a wonderful way of spending a Saturday and it starts right on your doorstep. Decent ish looking flat (albeit overlooking the railway line out of London Bridge). There's no mention of service fee so I assume it's not cheap. For London it's starting to look like good value. Honestly, if it went down another couple of hundred grand I'd be there in the blink of an eye. Quote Link to post Share on other sites
Si1 Posted February 5 Report Share Posted February 5 West Yorkshire - 22% https://www.rightmove.co.uk/properties/73295733#/ Price Change History 07/12/2020 Price Changed: £180,000 £140,000 16/09/2020 Initial entry found. Quote Link to post Share on other sites
TheCountOfNowhere Posted February 5 Report Share Posted February 5 5 hours ago, Wayward said: This is commercial property but I think worth a mention here...a fall in valuation from £37m in 2011 to realised sale price this week at £4.9m...reported in today's Times pgs 40-41. What % fall is that? One for the local authorities investing in commercial property madness thread. Shopping centre sells for £4.9m The Times reports that the West Orchards shopping centre in Coventry was sold this week for just £4.9m, despite being valued at £37m eight years ago. The discount sale price has raised concerns among lenders, landlords and local authorities across the country, as it will likely inform valuations of similar assets later in the year. Other commercial landlords could be on course to breach covenants with their lenders if their assets are also subject to such steep discounts in valuation. This could also have a knock-on effect for pension funds and local authorities, some of which are invested heavily in high street shops and shopping centres. However, George Walker, a partner at property auctioneer Allsop, said that the move illustrates that the seller of West Orchards was “accepting where the market is," adding that the shopping centre would likely benefit from new ownership. Reality is a bitch Quote Link to post Share on other sites
TheCountOfNowhere Posted February 5 Report Share Posted February 5 1 hour ago, naturals said: That's an interesting one. Fantastic location for London (Rope Walk market on your doorstep is amazing, as is Borough High Street, and the City a short walk over Tower Bridge). The Beer Mile is a wonderful way of spending a Saturday and it starts right on your doorstep. Decent ish looking flat (albeit overlooking the railway line out of London Bridge). There's no mention of service fee so I assume it's not cheap. For London it's starting to look like good value. Honestly, if it went down another couple of hundred grand I'd be there in the blink of an eye. 😂😂😂😂 Quote Link to post Share on other sites
longgone Posted February 5 Report Share Posted February 5 I remember trying to fix a shredder once with a paper jam, how ironic they made the building like like the blades of a shredder only this like size one is shredding your cash. Quote Link to post Share on other sites
longgone Posted February 5 Report Share Posted February 5 6 hours ago, KieranE said: Seven drops in nearly three years ... https://www.rightmove.co.uk/properties/65139475#/ I think the sun loungers add a nice touch. 800k 😂 That is a 300k house not that i would pay 300k for it. Not far from the a40 though so if you run to you car and speed off you can be somewhere much nicer pretty quickly before hopefully being mugged or your car nicked. Quote Link to post Share on other sites
coypondboy Posted February 6 Report Share Posted February 6 3 hours ago, naturals said: That's an interesting one. Fantastic location for London (Rope Walk market on your doorstep is amazing, as is Borough High Street, and the City a short walk over Tower Bridge). The Beer Mile is a wonderful way of spending a Saturday and it starts right on your doorstep. Decent ish looking flat (albeit overlooking the railway line out of London Bridge). There's no mention of service fee so I assume it's not cheap. For London it's starting to look like good value. Honestly, if it went down another couple of hundred grand I'd be there in the blink of an eye. The flat will fail an EWS1 survey because of the wood on the balcony but could also have other issues think the seller is panicing because of any potential remedial costs lots on the news abouth this earlier this week, even made question time last night with Fiona Bruce (who could probably afford to buy it easily on her salary) being caught up in it with a buy to let she owns, lots of celebrities getting hit as they own flats in central london as bolt holes when working there. Quote Link to post Share on other sites
simon2 Posted February 6 Report Share Posted February 6 Yes, I like the way a lot of these flat ads make no mention at all of EWS1 - in the hope that someone is buying in cash or bank lender doesn't want it. This puts the pressure on 2-bed flats below it at £600-700k as it has more space and another bedroom. The value isn't bad when you consider there are 1-beds of 400-500sqft in London trying for £400-500k in much worse locations. I feel the cheap end of the market is the problem, fix that by allowing prices to drift naturally and others will fall into place. Quote Link to post Share on other sites
Mixle Posted February 6 Report Share Posted February 6 10 hours ago, Si1 said: West Yorkshire - 22% https://www.rightmove.co.uk/properties/73295733#/ Price Change History 07/12/2020 Price Changed: £180,000 £140,000 16/09/2020 Initial entry found. Quote The property is fitted with SOLAR PANELS and we have been made aware that there are two mine shafts within the vicinity. 🧐 Quote Link to post Share on other sites
Roman Roady Posted February 6 Report Share Posted February 6 12 hours ago, hotblack42 said: £46M inflation adjusted so almost 90% real loss assuming the 2011 valuation was realistic. There may be trouble ahead..🙁 the 86% nominal loss is bad enough. Quote Link to post Share on other sites
Pop321 Posted February 6 Report Share Posted February 6 16 hours ago, Wayward said: This is commercial property but I think worth a mention here...a fall in valuation from £37m in 2011 to realised sale price this week at £4.9m...reported in today's Times pgs 40-41. What % fall is that? One for the local authorities investing in commercial property madness thread. Shopping centre sells for £4.9m The Times reports that the West Orchards shopping centre in Coventry was sold this week for just £4.9m, despite being valued at £37m eight years ago. The discount sale price has raised concerns among lenders, landlords and local authorities across the country, as it will likely inform valuations of similar assets later in the year. Other commercial landlords could be on course to breach covenants with their lenders if their assets are also subject to such steep discounts in valuation. This could also have a knock-on effect for pension funds and local authorities, some of which are invested heavily in high street shops and shopping centres. However, George Walker, a partner at property auctioneer Allsop, said that the move illustrates that the seller of West Orchards was “accepting where the market is," adding that the shopping centre would likely benefit from new ownership. Commercial has always bewildered me a little bit not because I thought it’s a bad investment but I genuinely don’t understand the pricing of it. What has surprised me most in 2020 is the lack of cheap commercial property for sale in town. One exception. There was a beautiful Victorian Crescent where a ex bank was for sale. 5 storeys and £800k but even that took some shifting. I noted the Cafe Nero next door had been bought in 2015 for £2.2m albeit slightly bigger. But literally in a huge town maybe 5 retail shop type properties for sale and all at huge prices. I guess owners have been protected with grants etc. I would be very very nervous if I owned a high street property. Quote Link to post Share on other sites
Si1 Posted February 6 Report Share Posted February 6 9 minutes ago, Pop321 said: Commercial has always bewildered me a little bit not because I thought it’s a bad investment but I genuinely don’t understand the pricing of it. What has surprised me most in 2020 is the lack of cheap commercial property for sale in town. One exception. There was a beautiful Victorian Crescent where a ex bank was for sale. 5 storeys and £800k but even that took some shifting. I noted the Cafe Nero next door had been bought in 2015 for £2.2m albeit slightly bigger. But literally in a huge town maybe 5 retail shop type properties for sale and all at huge prices. I guess owners have been protected with grants etc. I would be very very nervous if I owned a high street property. I wonder if it depends who's selling them. If a conglomerate, investment fund etc, then they'll not want to mark to market if that means having to tear up the valuations for the rest of their portfolio,? Quote Link to post Share on other sites
naturals Posted February 6 Report Share Posted February 6 10 hours ago, coypondboy said: The flat will fail an EWS1 survey because of the wood on the balcony but could also have other issues think the seller is panicing because of any potential remedial costs lots on the news abouth this earlier this week, even made question time last night with Fiona Bruce (who could probably afford to buy it easily on her salary) being caught up in it with a buy to let she owns, lots of celebrities getting hit as they own flats in central london as bolt holes when working there. Looks like the timber is just the decking material on the balcony though. A lot easier (and cheaper) to fix than cladding surely? Could probably be done without any scaffold? Quote Link to post Share on other sites
Si1 Posted February 6 Report Share Posted February 6 4 hours ago, Mixle said: 🧐 Also, couldn't sell at 180 so they put it on for auction at 140 Not sure what that means Quote Link to post Share on other sites
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