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Examples of big & multiple drops


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2 hours ago, morty said:

That flat near Hyde park someone mentioned (can’t find the post so many), what happens to annual charges when inflation hits?  

go up in line with inflation I'd expect. Cant have the unproductive land owner missing out now can we

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On 02/02/2021 at 11:33, 17clarence said:

Found it on houseprices.io

29/03/2018 £205,000 9 Moorfields, Bramley, Leeds, LS13 3JZ

Ah I think it didn't sell so they've put some bad aspirational furniture in there, including a Stag's head, and are trying to let it out for £1500 a month. There are council houses across the road from it with better kitchens rented for a third of that.

https://www.rightmove.co.uk/properties/103114646?utm_content=v2-ealertspropertyimage&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates7day&utm_term=letting&sc_id=25332950&onetime_FromEmail=true&cid=be88e374-de91-4119-9d02-e271cb605eb7&csg=5278425f87fd9410758175f05a6c98fbb8785cc41df6684ad588bb0c73a13669#/

 

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10 hours ago, Si1 said:

Ah I think it didn't sell so they've put some bad aspirational furniture in there, including a Stag's head, and are trying to let it out for £1500 a month. There are council houses across the road from it with better kitchens rented for a third of that.

https://www.rightmove.co.uk/properties/103114646?utm_content=v2-ealertspropertyimage&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates7day&utm_term=letting&sc_id=25332950&onetime_FromEmail=true&cid=be88e374-de91-4119-9d02-e271cb605eb7&csg=5278425f87fd9410758175f05a6c98fbb8785cc41df6684ad588bb0c73a13669#/

 

Great find.

I live in North of Leeds (obviously😆) but I see this all over the place. 

Flats in my town which are a tad dated can rent for £600 or throw in a chandelier and stags head and they are £1600. Okay, some people may take the £1600 for a little luxury for a few months temporary accommodation but buying is even worse. 

I have seen houses blinged up and sold for £650k and a neighbouring properties (often Victorian terraces) which are dated but not knackered go for £300k.

It’s absolutely frightening and to be brutally frank it’s why I began speculating and buying/selling 20 odd years ago. 

People seem to be so precious about their time, their family lives, their money and then throw away 15 years of earnings on a roll top bath, wood burner, farrow and ball paint, chalky window shutters and stripped floorboards. 

I had some reflection time recently and this ‘zombie spending’ is fine if people know what they are doing and know what the true cost is. My brother spends money on technology, to me a waste, but he loves everything he has....I mean loves it. So fair play  

Effectively too many people waste 15 years of earnings (and I take it from them and retired early) so I shouldn't complain but we need to be more conscious decisions we make. They can spend their money how they want but don’t then bitch about it. 

My reflection? I ‘zombie eat’ like others ‘zombie spend’. I love my food (or that is what I kid myself) but the reality is munching on a pack of digestives isn’t loving food it’s just a habit.

I can eat what I want but shouldn't  bitch about being a bit fat. So I don’t judge anyone...but we should try to be conscious about things. It’s a habit I have changed and it’s not natural or easy for me but I weighed up the pro and cons for me...and I wanted to be healthier and leaner. Now I can eat what I want, just not 6 times a day 🐷🐷😆

I think I just went off thread....but diversity of rentals (and sale prices) for the sale properties is a trigger for me  😆😆

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Here's one for everyone to look at.

Godstone Green, Godstone, Surrey, RH9

 
See map
 
£750,000
Monthly mortgage payments
Reduced yesterday
Price Change History
23/02/2021 Price Changed: £795,000 £750,000
10/12/2020 Price Changed: £1,100,000 £795,000
29/08/2020 Initial entry found.

https://www.rightmove.co.uk/properties/96645611#/

 

Can anyone see what's going on ?

I mean the prices are insane, the PMs salary cant buy you a semi miles from london :lol: But they continue to prop up prices.

 

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23.5% off of a 5 bed detached house in Deeping St Nicolas, Spalding, Lincs.

I have spent time in the general area during my journey through life. The Deepings (there are several) are so called because they are below sea level. When I moved there in the early noughties an old friend informed me that it would all be under water "in ten years". Well it isnt...and to the best of my knowledge its has never flooded...the pumps work well!

This is a nice place and is SSTC...lets see what it goes for (if it does).

@PeanutButter and @Old Man George...it works! I can paste images again!

image.thumb.png.aae846f2a08db6b02d72d0dfa3d0502e.png

https://www.rightmove.co.uk/properties/64185525#/

Price Change History
15/09/2020 Price Changed: £380,000 £370,000
24/07/2020 Price Changed: £395,000 £380,000
27/02/2020 Price Changed: £435,000 £395,000
31/12/2019 Price Changed: £450,000 £435,000
19/09/2019 Price Changed: £485,000 £450,000
05/08/2019 Initial entry found.
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The London panic might have started.

 

https://www.rightmove.co.uk/properties/87703279#/

 

Bulwer Street, Shepherd Bush, London, W12

 
See map
 
Offers Over
£850,000
Monthly mortgage payments
Reduced on 22/02/2021
Price Change History
22/02/2021 Price Changed: £1,100,000 £850,000
26/01/2021 Price Changed: £1,200,000 £1,100,000
17/12/2020 Initial entry found.
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1 hour ago, hotblack42 said:

On a lighter note.

This one is certainly ripe for big and multiple drops:

https://www.primelocation.com/for-sale/details/56329820?search_identifier=fe8587ace345abcf9608d105e76816eb

 

Bear in mind before opening - you won't be able to unsee this..

 

Thanks for the warning but I ignored it...the Garage should have a Greek flag on it ala "My Big Fat Greek Wedding".

Big+Fat+Greek+Wedding+Car+Door+Flag+.jpg

I wonder if there is storage space in that extended porch roof thing?

 

 

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7 hours ago, TheCountOfNowhere said:

The London panic might have started.

 

https://www.rightmove.co.uk/properties/87703279#/

 

Bulwer Street, Shepherd Bush, London, W12

 
See map
 
Offers Over
£850,000
Monthly mortgage payments
Reduced on 22/02/2021
Price Change History
22/02/2021 Price Changed: £1,100,000 £850,000
26/01/2021 Price Changed: £1,200,000 £1,100,000
17/12/2020 Initial entry found.

These prices lol.  I want London away from the stabby stabby locales, all I can find is short lease super high annual charge properties or major refurb works required.

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7 hours ago, TheCountOfNowhere said:

The London panic might have started.

 

https://www.rightmove.co.uk/properties/87703279#/

 

Bulwer Street, Shepherd Bush, London, W12

 
See map
 
Offers Over
£850,000
Monthly mortgage payments
Reduced on 22/02/2021
Price Change History
22/02/2021 Price Changed: £1,100,000 £850,000
26/01/2021 Price Changed: £1,200,000 £1,100,000
17/12/2020 Initial entry found.

If the spot on the map it’s cre the, I wouldn’t live there even if they paid me 850k!

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3 minutes ago, TheCountOfNowhere said:

Hence the bargain price

Probably sell for £450k in 2 years in desperation after they've chased the market down.

The truth is a lot of Londoners know prices got squeezed to ludicrous heights by ZIRP, QE and a catastrophic excess of demand over supply.  They won't be surprised to see greater London prices revert to the historical norm of about 30-50% over UK average (and possibly undershoot in the scramble to exit).

But they won't like it and won't acknowledge it - why would they?  What have they to gain by admitting that a huge correction is inevitable and drawing attention to it?
There are still saps out there, I know of a high earning FTB young couple paying £840k for a leasehold apartment in PCL right now.  Not nice for them, but better they lose £300k that's been inherited or otherwise handed to them, than a bunch of JAM families getting a painful financial hit.

Have to say though, grudging admiration to those who borrowed large in London 2010ish then cashed in and fled to the shires or coast during the Pandemic.  They've essentially made a huge punt, got to live in a nice place in a non stabby bit of the Capital for 10 years, got paid handsomely for it and now live in a smashing house well away from trouble.  Well played.

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16 minutes ago, hotblack42 said:

Have to say though, grudging admiration to those who borrowed large in London 2010ish then cashed in and fled to the shires or coast during the Pandemic.  They've essentially made a huge punt, got to live in a nice place in a non stabby bit of the Capital for 10 years, got paid handsomely for it and now live in a smashing house well away from trouble.  Well played.

And spent it all on a house in the shires that's worth about 80% less than they've paid for it based on local wages.

I'd have more admiration for them if they'd put all the money into a trust fund in the caymens and f**ked out to live in Thailand.

That's the sensible thing to do.  When the prices collapse you'll have your ill gotten gains instead of it all disappearing up the pyramid to some rich tory.

Edited by TheCountOfNowhere
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24% off of initial bid for a chapel conversion in Cumbria. Looking at Google maps it was a cafe, adjacent to a pub and school. I quite like it! The reduction was 3 months ago and it obviously hasnt sold so due another drop.

https://www.rightmove.co.uk/properties/98824859#/

Price Change History
20/11/2020 Price Changed: £250,000 £190,000
22/10/2020 Initial entry found.
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9 hours ago, TheCountOfNowhere said:

The London panic might have started.

 

https://www.rightmove.co.uk/properties/87703279#/

 

Bulwer Street, Shepherd Bush, London, W12

 
See map
 
Offers Over
£850,000
Monthly mortgage payments
Reduced on 22/02/2021
Price Change History
22/02/2021 Price Changed: £1,100,000 £850,000
26/01/2021 Price Changed: £1,200,000 £1,100,000
17/12/2020 Initial entry found.

Still seems pricey.

Very small and needs everything refurbed, still got radiators FFS.   

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Dunno whether to laugh or cry at these prices/drops

 

https://www.rightmove.co.uk/properties/77804328#/

 

Are they just listing these silly prices to skew the RM index ?

 

Willowhayne, East Preston, LITTLEHAMPTON, BN16

 
See map
 
Guide Price
£1,500,000
Monthly mortgage payments
Reduced today
Price Change History
25/02/2021 Price Changed: £2,200,000 £1,500,000
11/02/2021 Initial entry found.
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13 hours ago, TheCountOfNowhere said:

The London panic might have started.

 

https://www.rightmove.co.uk/properties/87703279#/

 

Bulwer Street, Shepherd Bush, London, W12

 
See map
 
Offers Over
£850,000
Monthly mortgage payments
Reduced on 22/02/2021
Price Change History
22/02/2021 Price Changed: £1,100,000 £850,000
26/01/2021 Price Changed: £1,200,000 £1,100,000
17/12/2020 Initial entry found.

Only another £600k or so to go, and I might go for a sniff around it 🙂

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