Jump to content
House Price Crash Forum

Examples of big & multiple drops


Recommended Posts

49 minutes ago, darkmarket said:

A 3 bedroom student BTL in Sheffield "with potential to let fourth room."

https://www.zoopla.co.uk/for-sale/details/46709714

Price history

Sold prices provided by Land Registry
25th Oct 2018 £190,000 Price reduced by £5,000
20th Sep 2018 £195,000 Price reduced by £10,000
15th Aug 2018 £205,000 Price reduced by £10,000
26th Apr 2018 £215,000 Price reduced by £5,000
22nd Feb 2018 £220,000 First listed
3rd Jul 2007 £195,000 Last sold

Across Yorkshire, I've noticed quite a few 2007/8 buyers starting to accept a loss. Forced sellers you could say, @Smiley George

It's very encouraging to see this happening outside of the SE as well.

Link to post
Share on other sites
  • Replies 1.2k
  • Created
  • Last Reply

Top Posters In This Topic

Just now, Smiley George said:

It's very encouraging to see this happening outside of the SE as well.

I really don't know what is encouraging about this 2-up 2-down for 200k. Only a lousy 6% yield even if you are happy being that type of LL. No mention of HMO license or even building regs for the attic room says lots about where we are. But it's not encouraging.

Quote

This three bedroom mid terraced house is currently let to three students until the end of July 2018 bringing in an income of £11700 per annum, with potential to let fourth room increasing the annual income by approximately £2000 giving a potential rental yield of 6.2% .

That extra 2k comes from this room I guess which is also the main entrance to the house.

So what would be the polite thing to say to housemate when you get back late and they have moved on to using their bed for their night time activity?

  • Picture No.06 of Pomona Street, Sheffield, South Yorkshire S11
Edited by ebull
Link to post
Share on other sites

The street also has an interesting set of price history which would make me very suspicious if I were a taxman.

Quote


126, Pomona Street, Sheffield, South Yorkshire S11 8JL
£95,000     Terraced, Leasehold, Residential     24 Feb 2009     4 bedrooms
124, Pomona Street, Sheffield, South Yorkshire S11 8JL
£325,000     Terraced, Leasehold, Residential     18 Dec 2007     4 bedrooms
£185,000     Terraced, Leasehold, Residential     07 Sep 2007     
122, Pomona Street, Sheffield, South Yorkshire S11 8JL
£195,000     Terraced, Leasehold, Residential     03 Jul 2007

185 to 325 in 5 months when neighbours each side sold within a year or two for 100 or 200 respectively ???? These are similar extended/pimped-for-student-farming 2-up 2-downs. WTF?

Link to post
Share on other sites
13 hours ago, darkmarket said:

A 3 bedroom student BTL in Sheffield "with potential to let fourth room."

https://www.zoopla.co.uk/for-sale/details/46709714

Price history

Sold prices provided by Land Registry
25th Oct 2018 £190,000 Price reduced by £5,000
20th Sep 2018 £195,000 Price reduced by £10,000
15th Aug 2018 £205,000 Price reduced by £10,000
26th Apr 2018 £215,000 Price reduced by £5,000
22nd Feb 2018 £220,000 First listed
3rd Jul 2007 £195,000 Last sold

Across Yorkshire, I've noticed quite a few 2007/8 buyers starting to accept a loss. Forced sellers you could say, @Smiley George

A drop below 2007/2008 prices would be a result where I am (SE). Fingers crossed!

Link to post
Share on other sites
16 hours ago, ebull said:

I really don't know what is encouraging about this 2-up 2-down for 200k. Only a lousy 6% yield even if you are happy being that type of LL. No mention of HMO license or even building regs for the attic room says lots about where we are. But it's not encouraging.

That extra 2k comes from this room I guess which is also the main entrance to the house.

So what would be the polite thing to say to housemate when you get back late and they have moved on to using their bed for their night time activity?

So, the main entrance would be the back door then through kitchen and dining room up stairs to first floor and windy stair to attic.

I've lived in bedsits like that before - last century.

Was in Sheffield about a year ago, loads of hi-rise blocks going up, all student accomodation. Education must be the industry to be in these days - forget steelworks, leave that to the Chinese!

Link to post
Share on other sites

These guys just losing it today:

https://www.zoopla.co.uk/for-sale/details/46671581

Price history

Sold prices provided by Land Registry

29th Oct 2018 £575,000 Price reduced by £24,950
29th Oct 2018 £599,950 Price increased by £24,950
29th Oct 2018 £575,000 Price reduced by £24,950
29th Oct 2018 £599,950 Price increased by £24,950
11th Oct 2018 £575,000 Price reduced by £24,950
23rd May 2018 £599,950 Price reduced by £65,050
23rd Apr 2018 £665,000 Price reduced by £30,000
19th Mar 2018 £695,000 Price reduced by £25,000
20th Feb 2018 £720,000 First listed
19th Mar 2018 £720,000 Last sold
Link to post
Share on other sites
13 minutes ago, darkmarket said:

These guys just losing it today:

https://www.zoopla.co.uk/for-sale/details/46671581

Price history

Sold prices provided by Land Registry

29th Oct 2018 £575,000 Price reduced by £24,950
29th Oct 2018 £599,950 Price increased by £24,950
29th Oct 2018 £575,000 Price reduced by £24,950
29th Oct 2018 £599,950 Price increased by £24,950
11th Oct 2018 £575,000 Price reduced by £24,950
23rd May 2018 £599,950 Price reduced by £65,050
23rd Apr 2018 £665,000 Price reduced by £30,000
19th Mar 2018 £695,000 Price reduced by £25,000
20th Feb 2018 £720,000 First listed
19th Mar 2018 £720,000 Last sold

Last Sold is after First listed? Maybe I am just dumb or living "backwards" or something ...

Link to post
Share on other sites
Just now, darkmarket said:

Quite right, looks like something else has gone wrong.

I'm more interested in specualtion about the hot tub right in the middle of this basement hovel on [just below to suck the exhaust gasses down] the A3220.

Original features: heavyweight bars on all windows?

Link to post
Share on other sites
On 29/10/2018 at 18:10, ebull said:

Original features: heavyweight bars on all windows?

 

On 29/10/2018 at 18:12, darkmarket said:

They'll be standard kit on London flats soon anyway.

Not good in the event of a fire and the doorways are blocked. :unsure:

Link to post
Share on other sites
42 minutes ago, MattW said:

 

Not good in the event of a fire and the doorways are blocked. :unsure:

After parents-in-law were burgled they increased the security massively - 2 heavy doors at the 3 points of access with multi point locks.  Understandable reaction of vulnerable oldies, but I had to get quite stroppy to convince them not to lock all the doors and hide the keys when we all went to bed.  Along the lines of "I'm not allowing the grandkids to stay over any more until you rethink this".

Link to post
Share on other sites
14 minutes ago, Bearly Audible said:

More like a counter-example I admit (OT Klaxon), but wow some of the quotes in this ...

https://www.theguardian.com/business/2018/oct/31/brutalist-market-flats-at-londons-centre-point-taken-off-market

“we see no point in chasing a market that is increasingly detached from reality”

????????

Eh?  Surely price discovery is the very essence of reality..
This is the Shard all over again.  Again, why would someone pay the same for an apartment on a dowdy high st (for that's what Oxford St is now) as one of the biggest Penthouses on Park Lane?
Or nearly 10 times the cost of an immaculate freehold 5 storey Georgian Terrace on the edge of the Regent's Park?
These people never provide anything to demonstrate inherent value to underpin the asking prices.  They seem content to sucker in a few impulsive billionaires then leave the rest of the apartments to gather dust.

Link to post
Share on other sites
On 29/10/2018 at 18:10, ebull said:

I'm more interested in specualtion about the hot tub right in the middle of this basement hovel on [just below to suck the exhaust gasses down] the A3220.

Original features: heavyweight bars on all windows?

Dont you have to get caught committing a crime to leave in a bedsit with bars on the window

Link to post
Share on other sites

25% off: https://www.rightmove.co.uk/property-for-sale/property-53542533.html

02/11/2018 Price Changed: £230,000 £225,000
20/10/2018 Price Changed: £250,000 £230,000
30/08/2018 Price Changed: £260,000 £250,000
31/05/2018 Price Changed: £285,000 £260,000
13/04/2018 Price Changed: £300,000 £285,000
04/04/2018 Initial entry found.
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 434 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.