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Examples of big & multiple drops


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23 minutes ago, TheCountOfNowhere said:

The MSM/Bankers narrative that we have a booming market seems at odds with what I am seeing now.

What do you think RR ?

Ditto...dont forget that I only post 20% plus, there are many lower % reductions out there that dont make the grade.

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19 minutes ago, Roman Roady said:

Ditto...dont forget that I only post 20% plus, there are many lower % reductions out there that dont make the grade.

It's bizarre, when you listen to the MSM and the bankers it's like the market has never been so hot.  

I see a lot of crap up for sale at silly money and I see not a lot coming to the market, most of the stuff that went SSTC 12 months ago still sat with the SOLD sign up.

I can only imagine they are trying to create panic buying like they managed in London in 2014...remember the tales pe people queuing to pay fortunes for crappy flats.  I witnessed it myself.

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2 hours ago, TheCountOfNowhere said:

It's bizarre, when you listen to the MSM and the bankers it's like the market has never been so hot.  

 

That's because it is

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OK since my last post 50 mins ago I have been on the hunt.

RM centered on Darlington, 40 mile radius, lowest prices first.

I now have another 26 properties to post...all 20%+ drops in asking price.

There were approx 10 Retirement properties that I didnt include...I might go back and re-visit those in the future.

Also there were some very low asking prices there...5k etc.

Make of this what you will.

I will post these later but for now...I must get a life!

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13 hours ago, Roman Roady said:

OK since my last post 50 mins ago I have been on the hunt.

RM centered on Darlington, 40 mile radius, lowest prices first.

I now have another 26 properties to post...all 20%+ drops in asking price.

There were approx 10 Retirement properties that I didnt include...I might go back and re-visit those in the future.

Also there were some very low asking prices there...5k etc.

Make of this what you will.

I will post these later but for now...I must get a life!

Market's booming Halifax. the BBC and various EAs have said so....

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13 hours ago, Roman Roady said:

OK since my last post 50 mins ago I have been on the hunt.

RM centered on Darlington, 40 mile radius, lowest prices first.

I now have another 26 properties to post...all 20%+ drops in asking price.

There were approx 10 Retirement properties that I didnt include...I might go back and re-visit those in the future.

Also there were some very low asking prices there...5k etc.

Make of this what you will.

I will post these later but for now...I must get a life!

You could sell that list to the Treasury. 😉

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13 hours ago, Roman Roady said:

OK since my last post 50 mins ago I have been on the hunt.

RM centered on Darlington, 40 mile radius, lowest prices first.

I now have another 26 properties to post...all 20%+ drops in asking price.

There were approx 10 Retirement properties that I didnt include...I might go back and re-visit those in the future.

Also there were some very low asking prices there...5k etc.

Make of this what you will.

I will post these later but for now...I must get a life!

Well here is the first installment from yesterday, more to follow...remember I was looking for less than 50 mins and I have another load to post later today.

==============================================

48% off of a 1 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/90190912#/

 

Price Change History
04/05/2021 Price changed from £24,000 to £15,000
10/04/2021 Price changed from £29,000 to £24,000
27/03/2021 Initial entry found: £29,000

==============================================

23% off of a 1 bed flat in Durham.

https://www.rightmove.co.uk/properties/88212454#/

 

Price Change History
01/04/2021 Price changed from £25,000 to £23,000
11/01/2021 Price changed from £30,000 to £25,000
10/01/2021 Initial entry found: £30,000

==============================================

34% off of a 1 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/73196893#/

 

Price Change History
20/04/2021 Price changed from £29,000 to £25,000
13/02/2021 Price changed from £35,000 to £29,000
14/11/2020 Price changed from £40,000 to £35,000
10/06/2020 Price changed from £45,000 to £40,000
07/08/2019 Price changed from £38,000 to £45,000
30/07/2019 Initial entry found: £38,000

==============================================

50% off of Land near Bishop Auckland

https://www.rightmove.co.uk/commercial-property-for-sale/property-69559026.html

image.png.4377d8f52e940ba6c257258acaae5922.png

==============================================

28% off of a 2 bed flat near the A1M and Sunderland.

https://www.rightmove.co.uk/properties/63531514#/

 

Price Change History
02/02/2021 Price changed from £35,000 to £30,000
20/11/2020 Price changed from £42,000 to £35,000
07/07/2018 Initial entry found: £42,000

==============================================

45% off of a 2 bed flat in Newcastle upon Tyne

https://www.rightmove.co.uk/properties/98513615#/

 

Price Change History
11/03/2021 Price changed from £35,000 to £30,000
04/02/2021 Price changed from £39,950 to £35,000
01/12/2020 Price changed from £55,000 to £39,950
16/10/2020 Initial entry found: £55,000

==============================================

23% off of a 1 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/51045437#/

 

Price Change History
27/11/2020 Price changed from £35,000 to £30,000
02/11/2020 Price changed from £39,000 to £35,000
04/04/2018 Initial entry found: £39,000

==============================================

22% off of a 2 bed flat in Gateshead Tyne and Wear.

https://www.rightmove.co.uk/properties/85666292#/

 

Price Change History
20/01/2020 Price changed from £45,000 to £34,950
16/10/2019 Initial entry found: £45,000

==============================================

22% off of a 1 bed flat in Gateshead Tyne and Wear.

https://www.rightmove.co.uk/properties/77925887#/

 

Price Change History
30/04/2020 Price changed from £38,000 to £35,000
29/08/2019 Price changed from £39,950 to £38,000
26/01/2019 Price changed from £45,000 to £39,950
16/12/2018 Initial entry found: £45,000

==============================================

30% off of a 2 bed flat in Chester Le Street.

https://www.rightmove.co.uk/properties/105764153#/

 

Price Change History
11/05/2021 Price changed from £49,950 to £35,000
21/04/2021 Initial entry found: £49,950

==============================================

30% off of a 2 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/68767626#/

 

Price Change History
05/05/2021 Price changed from £52,000 to £40,000
20/03/2020 Price changed from £57,000 to £52,000
02/03/2020 Initial entry found: £57,000

==============================================

48% off of a 2 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/65161084#/

 

Price Change History
07/05/2021 Price changed from £45,000 to £40,000
02/12/2020 Price changed from £47,500 to £45,000
27/02/2020 Price changed from £50,000 to £47,500
01/08/2019 Price changed from £57,000 to £50,000
26/04/2019 Price changed from £60,000 to £57,000
21/03/2019 Price changed from £65,000 to £60,000
17/01/2019 Price changed from £73,000 to £65,000
24/07/2018 Price changed from £77,000 to £73,000
03/05/2018 Initial entry found: £77,000

==============================================

20% off of a 1 bed flat in Billingham Middlesbrough

https://www.rightmove.co.uk/properties/67275726#/

 

Price Change History
15/10/2020 Price changed from £45,000 to £40,000
01/02/2020 Price changed from £50,000 to £45,000
31/12/2019 Initial entry found: £50,000

==============================================

33% off of a 2 bed flat in Newcastle upon Tyne

https://www.rightmove.co.uk/properties/84086884#/

 

Price Change History
06/04/2021 Price changed from £45,000 to £40,000
29/03/2021 Price changed from £60,000 to £45,000
26/08/2020 Initial entry found: £60,000

==============================================

33% off of a 2 bed Terraced House in Hartlepool

https://www.rightmove.co.uk/properties/78188851#/

Price Change History
06/05/2021 Price changed from £47,500 to £40,000
18/09/2020 Price changed from £50,000 to £47,500
11/08/2020 Price changed from £55,000 to £50,000
05/06/2020 Price changed from £60,000 to £55,000
14/03/2020 Initial entry found: £60,000

 

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19 minutes ago, Roman Roady said:

Well here is the first installment from yesterday, more to follow...remember I was looking for less than 50 mins and I have another load to post later today.

==============================================

48% off of a 1 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/90190912#/

 

Price Change History
04/05/2021 Price changed from £24,000 to £15,000
10/04/2021 Price changed from £29,000 to £24,000
27/03/2021 Initial entry found: £29,000

==============================================

23% off of a 1 bed flat in Durham.

https://www.rightmove.co.uk/properties/88212454#/

 

Price Change History
01/04/2021 Price changed from £25,000 to £23,000
11/01/2021 Price changed from £30,000 to £25,000
10/01/2021 Initial entry found: £30,000

==============================================

34% off of a 1 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/73196893#/

 

Price Change History
20/04/2021 Price changed from £29,000 to £25,000
13/02/2021 Price changed from £35,000 to £29,000
14/11/2020 Price changed from £40,000 to £35,000
10/06/2020 Price changed from £45,000 to £40,000
07/08/2019 Price changed from £38,000 to £45,000
30/07/2019 Initial entry found: £38,000

==============================================

50% off of Land near Bishop Auckland

https://www.rightmove.co.uk/commercial-property-for-sale/property-69559026.html

image.png.4377d8f52e940ba6c257258acaae5922.png

==============================================

28% off of a 2 bed flat near the A1M and Sunderland.

https://www.rightmove.co.uk/properties/63531514#/

 

Price Change History
02/02/2021 Price changed from £35,000 to £30,000
20/11/2020 Price changed from £42,000 to £35,000
07/07/2018 Initial entry found: £42,000

==============================================

45% off of a 2 bed flat in Newcastle upon Tyne

https://www.rightmove.co.uk/properties/98513615#/

 

Price Change History
11/03/2021 Price changed from £35,000 to £30,000
04/02/2021 Price changed from £39,950 to £35,000
01/12/2020 Price changed from £55,000 to £39,950
16/10/2020 Initial entry found: £55,000

==============================================

23% off of a 1 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/51045437#/

 

Price Change History
27/11/2020 Price changed from £35,000 to £30,000
02/11/2020 Price changed from £39,000 to £35,000
04/04/2018 Initial entry found: £39,000

==============================================

22% off of a 2 bed flat in Gateshead Tyne and Wear.

https://www.rightmove.co.uk/properties/85666292#/

 

Price Change History
20/01/2020 Price changed from £45,000 to £34,950
16/10/2019 Initial entry found: £45,000

==============================================

22% off of a 1 bed flat in Gateshead Tyne and Wear.

https://www.rightmove.co.uk/properties/77925887#/

 

Price Change History
30/04/2020 Price changed from £38,000 to £35,000
29/08/2019 Price changed from £39,950 to £38,000
26/01/2019 Price changed from £45,000 to £39,950
16/12/2018 Initial entry found: £45,000

==============================================

30% off of a 2 bed flat in Chester Le Street.

https://www.rightmove.co.uk/properties/105764153#/

 

Price Change History
11/05/2021 Price changed from £49,950 to £35,000
21/04/2021 Initial entry found: £49,950

==============================================

30% off of a 2 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/68767626#/

 

Price Change History
05/05/2021 Price changed from £52,000 to £40,000
20/03/2020 Price changed from £57,000 to £52,000
02/03/2020 Initial entry found: £57,000

==============================================

48% off of a 2 bed flat in Tyne and Wear.

https://www.rightmove.co.uk/properties/65161084#/

 

Price Change History
07/05/2021 Price changed from £45,000 to £40,000
02/12/2020 Price changed from £47,500 to £45,000
27/02/2020 Price changed from £50,000 to £47,500
01/08/2019 Price changed from £57,000 to £50,000
26/04/2019 Price changed from £60,000 to £57,000
21/03/2019 Price changed from £65,000 to £60,000
17/01/2019 Price changed from £73,000 to £65,000
24/07/2018 Price changed from £77,000 to £73,000
03/05/2018 Initial entry found: £77,000

==============================================

20% off of a 1 bed flat in Billingham Middlesbrough

https://www.rightmove.co.uk/properties/67275726#/

 

Price Change History
15/10/2020 Price changed from £45,000 to £40,000
01/02/2020 Price changed from £50,000 to £45,000
31/12/2019 Initial entry found: £50,000

==============================================

33% off of a 2 bed flat in Newcastle upon Tyne

https://www.rightmove.co.uk/properties/84086884#/

 

Price Change History
06/04/2021 Price changed from £45,000 to £40,000
29/03/2021 Price changed from £60,000 to £45,000
26/08/2020 Initial entry found: £60,000

==============================================

33% off of a 2 bed Terraced House in Hartlepool

https://www.rightmove.co.uk/properties/78188851#/

Price Change History
06/05/2021 Price changed from £47,500 to £40,000
18/09/2020 Price changed from £50,000 to £47,500
11/08/2020 Price changed from £55,000 to £50,000
05/06/2020 Price changed from £60,000 to £55,000
14/03/2020 Initial entry found: £60,000

 

Looks like, as I suspected, the bottom end of the market is toast, the higher mortgage rates/less deals/BTL exit means it makes no sense that prices are rising.

That leaves this faux boom down to idiots leaving london and taking on more debt and accessing those lower 60% LTV deals.

The bigger the gap between the bottom of the pyramid and the top the more unstable it will become.

 

 

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1 hour ago, Roman Roady said:

Well here is the first installment from yesterday, more to follow...remember I was looking for less than 50 mins and I have another load to post later today

Looking at these properties, several seem to be abandoned projects that only need maybe £10k to sort out.  To anyone down here in the SE with half decent income and savings it would just be a matter of "When can you start?  When will it be finished?  Don't call me to discuss costs unless it runs more than £5k over budget."

It tragic that many folks up North can't easily get together a modest amount of savings and perhaps a small loan to fix these places up and enjoy the simple pleasure of living in a safe, warm and dry home, celebrating special occasions etc.
My Dad was able to provide that in the 60s and 70s in council house in the West. Mids. despite rubbish wages a lot of that time.

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2nd installment from yesterday as promised......

==============================================

29% off of a 1 bed flat in Hartlepool

https://www.rightmove.co.uk/properties/63834199#/

 

Price Change History
12/04/2021 Price changed from £45,000 to £42,500
18/04/2019 Price changed from £50,000 to £45,000
22/09/2018 Price changed from £55,000 to £50,000
18/05/2018 Price changed from £60,000 to £55,000
04/04/2018 Initial entry found: £60,000

==============================================

27% off of a 1 bed flat in South Shields

https://www.rightmove.co.uk/properties/90388112#/

 

Price Change History
01/03/2021 Price changed from £50,000 to £47,500
07/09/2020 Price changed from £54,000 to £50,000
19/08/2020 Price changed from £57,000 to £54,000
27/07/2020 Price changed from £60,000 to £57,000
30/06/2020 Price changed from £65,000 to £60,000
12/03/2020 Initial entry found: £65,000

==============================================

32.5% off of a 1 bed flat in Sunderland

https://www.rightmove.co.uk/properties/75983533#/

 

Price Change History
18/02/2021 Price changed from £59,950 to £49,950
15/07/2020 Price changed from £67,500 to £59,950
08/02/2020 Price changed from £72,500 to £67,500
04/12/2019 Initial entry found: £72,500

==============================================

23% off of a 1 bed flat in Seaham, south of Sunderland

https://www.rightmove.co.uk/properties/87536413#/

 

Price Change History
11/05/2021 Price changed from £59,950 to £49,950
10/03/2021 Price changed from £65,000 to £59,950
09/12/2020 Initial entry found: £65,000

==============================================

23% off of a 2 bed terraced house in Tyne and Wear

https://www.rightmove.co.uk/properties/74691267#/

 

Price Change History
11/02/2021 Price changed from £54,950 to £49,950
22/12/2020 Price changed from £59,950 to £54,950
09/12/2020 Price changed from £64,950 to £59,950
28/10/2020 Initial entry found: £64,950

==============================================

29% off of a 2 bed flat in Washington

https://www.rightmove.co.uk/properties/93483833#/

 

Price Change History
29/03/2021 Price changed from £70,000 to £50,000
13/06/2020 Initial entry found: £70,000

==============================================

31% off of a 2 bed terraced house in Stockton on Tees

https://www.rightmove.co.uk/properties/102327446#/

 

Price Change History
01/04/2021 Price changed from £60,000 to £55,000
01/03/2021 Price changed from £74,000 to £60,000
18/02/2021 Price changed from £79,950 to £74,000
29/01/2021 Initial entry found: £79,950

==============================================

27% off of a 2 bed terraced house in Gateshead Tyne and Wear

https://www.rightmove.co.uk/properties/85976665#/

 

Price Change History
18/12/2020 Price changed from £60,000 to £55,000
05/11/2020 Price changed from £65,000 to £60,000
03/11/2020 Price changed from £75,000 to £65,000
21/10/2020 Initial entry found: £75,000

==============================================

27% off of a 2 bed flat in Tyne and Wear

https://www.rightmove.co.uk/properties/77523960#/

 

Price Change History
09/04/2021 Price changed from £60,000 to £55,000
25/02/2021 Price changed from £75,000 to £60,000
01/02/2021 Initial entry found: £75,000

==============================================

27% off of a 2 bed flat in Middlesbrough

https://www.rightmove.co.uk/properties/61410105#/

 

Price Change History
13/11/2020 Price changed from £65,000 to £59,000
02/07/2020 Price changed from £85,000 to £65,000
04/04/2019 Initial entry found: £85,000

==============================================

25% off of a 2 bed flat in South Shields

https://www.rightmove.co.uk/properties/67832450#/

 

Price Change History
19/06/2019 Price changed from £64,950 to £60,000
25/02/2019 Price changed from £69,950 to £64,950
05/07/2018 Price changed from £74,995 to £69,950
04/04/2018 Initial entry found: £74,995

 

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There some real buoyancy in my area (Leeds, Skipton, York, Harrogate triangle)...there is no denying it, but I remain bearish.

Thx for this thread...a reminder sentiment can turn on a sixpence.😉

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9 hours ago, TheCountOfNowhere said:

Looks like, as I suspected, the bottom end of the market is toast, the higher mortgage rates/less deals/BTL exit means it makes no sense that prices are rising.

That leaves this faux boom down to idiots leaving london and taking on more debt and accessing those lower 60% LTV deals.

The bigger the gap between the bottom of the pyramid and the top the more unstable it will become.

I think that @TheCountOfNowhere is correct here. I am seeing some vicious drops at the lower end especially where a property cant be bought with borrowed money. As you can all see the price range is up to approx 100k. After that the 20% plus drops tend to reduce in number but there are plenty in the 10 - 20% range (some in the 15 - 20% range had me sucking the air through my teeth testing my 20% resolve). There are still price increases but not many.

 

Anyhow, another 1 hour search and another 13 properties at 20%+ drops. Here are some...

================================================================

25% off of a 2 bed house in Tyne and Wear

https://www.rightmove.co.uk/properties/103818587#/

Price Change History
15/04/2021 Price changed from £119,500 to £100,000
24/03/2021 Price changed from £125,000 to £119,500
09/03/2021 Initial entry found: £125,000

================================================================

29% off of a 1 bed flat in north of Sunderland.

https://www.rightmove.co.uk/properties/73363006#/

Price Change History
15/04/2021 Price changed from £130,000 to £100,000
05/03/2020 Price changed from £135,000 to £130,000
29/10/2019 Price changed from £140,000 to £135,000
06/08/2019 Initial entry found: £140,000

================================================================

23% off of a plot of land north east of Carlisle.

https://www.rightmove.co.uk/commercial-property-for-sale/property-73132551.html

Price Change History
23/12/2020 Price changed from £75,000 to £65,000
22/10/2020 Price changed from £85,000 to £75,000
09/09/2020 Initial entry found: £85,000

================================================================

25% off of a 2 bed flat in Northumberland

https://www.rightmove.co.uk/properties/80505601#/

Price Change History
20/04/2021 Price changed from £79,950 to £60,000
13/04/2021 Price changed from £60,000 to £79,950
05/02/2021 Price changed from £79,950 to £60,000
05/06/2020 Initial entry found: £79,950

 

 

 

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Land plots in Scotland....

===================================================

25% off in Lossiemouth

https://www.rightmove.co.uk/commercial-property-for-sale/property-63116777.html

Price Change History
09/03/2020 Price changed from £90,000 to £75,000
20/09/2019 Price changed from £100,000 to £90,000
03/01/2019 Initial entry found: £100,000

=====================================================

40% in Inverness

https://www.rightmove.co.uk/commercial-property-for-sale/property-54519906.html

Price Change History
15/01/2021 Price changed from £85,000 to £75,000
02/08/2020 Price changed from £80,000 to £85,000
31/07/2020 Price changed from £99,500 to £80,000
17/07/2020 Price changed from £105,000 to £99,500
08/12/2019 Price changed from £125,000 to £105,000
08/10/2018 Initial entry found: £125,000

======================================================

25% in Drumnadrochit

https://www.rightmove.co.uk/commercial-property-for-sale/property-82640416.html

Price Change History
02/10/2020 Price changed from £89,000 to £67,000
24/07/2020 Initial entry found: £89,000

======================================================

20% in Lairg

https://www.rightmove.co.uk/commercial-property-for-sale/property-46523371.html

Price Change History
04/10/2016 Price changed from £50,000 to £40,000
28/10/2014 Initial entry found: £50,000

=======================================================

Can I call 33% here?  I think so 135k to 90k this year.

https://www.rightmove.co.uk/commercial-property-for-sale/property-65795974.html

Price Change History
24/02/2021 Price changed from £135,000 to £90,000
10/03/2020 Price changed from £90,000 to £135,000
04/03/2019 Initial entry found: £90,000

 

 

 

 

 

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20% off of a 2 bed terraced house in Taunton Somerset. It was more but after 30 months at 190k the vendor thinks the thing to do is to increase by 10k to 200k...and who can blame them?

https://www.rightmove.co.uk/properties/67198111#/

image.thumb.png.7470092ba8948d7e5326c556171ce7c1.png

Price Change History
07/05/2021 Price changed from £190,000 to £200,000
27/12/2018 Price changed from £200,000 to £190,000
22/10/2018 Price changed from £250,000 to £200,000
29/08/2018 Initial entry found: £250,000
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I am still trying to reduce the number of reductions in my "to post" folder.

As with potatoes that slip down the back of the drawers and lay unused for a couple of months, some have gone to seed.

The same is true here and the following are now STC (gone off). However it is worth posting them just to keep an eye on the prices they sell for (if they actually sell).

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21% off of a 2 bed flat in Taunton Somerset

https://www.rightmove.co.uk/properties/97464380#/

 

Price Change History
03/02/2021 Price changed from £210,000 to £200,000
30/10/2020 Price changed from £220,000 to £210,000
21/10/2020 Price changed from £240,000 to £220,000
05/10/2020 Price changed from £255,000 to £240,000
20/09/2020 Initial entry found: £255,000

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20% off of a 2 bed flat in London SE12

https://www.rightmove.co.uk/properties/84549316#/

 

Price Change History
09/11/2020 Price changed from £350,000 to £300,000
17/09/2020 Price changed from £375,000 to £350,000
07/09/2020 Initial entry found: £375,000

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25% off of a 3 bed terraced house in Lincoln

https://www.rightmove.co.uk/properties/84009310#/

 

Price Change History
24/04/2021 Price changed from £190,000 to £150,000
16/03/2021 Price changed from £185,000 to £190,000
16/09/2020 Price changed from £200,000 to £185,000
25/08/2020 Initial entry found: £200,000

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20% off of a 3 bed terraced house London NW1

https://www.rightmove.co.uk/properties/73732798#/

 

Price Change History
27/04/2021 Price changed from £1,750,000 to £1,500,000
30/10/2020 Price changed from £1,795,000 to £1,750,000
22/06/2020 Price changed from £1,895,000 to £1,795,000
25/08/2019 Initial entry found: £1,895,000

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20% off of a 1 bed flat in Sheffield

https://www.rightmove.co.uk/properties/75922113#/

 

Price Change History
29/04/2021 Price changed from £69,950 to £60,000
19/03/2021 Price changed from £73,000 to £69,950
18/02/2021 Price changed from £75,000 to £73,000
04/12/2020 Initial entry found: £75,000

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20% off of a 5 bed flat in Nottingham

https://www.rightmove.co.uk/properties/71922159#/

 

Price Change History
28/04/2021 Price changed from £200,000 to £190,000
28/04/2021 Price changed from £190,000 to £200,000
28/04/2021 Price changed from £200,000 to £190,000
28/08/2020 Price changed from £240,000 to £200,000
18/07/2020 Initial entry found: £240,000

==============================================

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2 hours ago, NoHPCinTheUK said:

Any good news from London?

10 minute search threw this one up...

image.png.493b07fac4c58f7b1208f34372a0e60a.png

20% off of a 1 bed flat in Croydon

https://www.rightmove.co.uk/properties/85605895#/

Price Change History
10/12/2020 Price changed from £225,000 to £200,000
18/11/2020 Price changed from £240,000 to £225,000
05/11/2020 Price changed from £250,000 to £240,000
08/10/2020 Initial entry found: £250,000

Generally lots of reductions in the 10 - 20% range. Far less price increases and lots of new listings.

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2 hours ago, NoHPCinTheUK said:

Any good news from London?

20% off of a 2 bed flat on the outskirts of Canary Wharf

image.thumb.png.a0a50b10a7b571d7101cf49f3d0f71a4.png

https://www.rightmove.co.uk/properties/68180857#/

Price Change History
13/05/2021 Price changed from £390,000 to £380,000
08/04/2021 Price changed from £400,000 to £390,000
26/02/2021 Price changed from £405,000 to £400,000
10/11/2020 Price changed from £410,000 to £405,000
24/10/2020 Price changed from £410,000 to £410,000
24/10/2020 Price changed from £415,000 to £410,000
26/06/2020 Price changed from £425,000 to £415,000
12/09/2019 Price changed from £430,000 to £425,000
10/07/2019 Price changed from £450,000 to £430,000
10/05/2019 Price changed from £475,000 to £450,000
26/10/2018 Initial entry found: £475,000
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On 12/05/2021 at 09:29, TheCountOfNowhere said:

Looks like, as I suspected, the bottom end of the market is toast, the higher mortgage rates/less deals/BTL exit means it makes no sense that prices are rising.

That leaves this faux boom down to idiots leaving london and taking on more debt and accessing those lower 60% LTV deals.

The bigger the gap between the bottom of the pyramid and the top the more unstable it will become.

 

 

BTL LL panicking and running for the exit in Southampton?

a big 29% off in one hit on an occupied terraced house...initial bid price in an auction. This will be interesting to watch.

https://www.rightmove.co.uk/properties/79840482#/

image.thumb.png.d2633f37f2bdf1c5a2d104a0124ea9ed.png

Price Change History
12/05/2021 Price changed from £350,000 to £250,000
24/04/2021 Initial entry found: £350,000
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If there was a frenzy of spare cash looking to find a peaceful retreat away from the cities, then this should not be reducing by over 22%. This is a mobile home in a very nice, out of the way area on the south coast...right on the beach and the coastal path...in mid MAY! Check the map.

 

23% off of mobile home in Warsash Hants.

https://www.rightmove.co.uk/properties/75898571#/

Price Change History
26/02/2020 Price changed from £89,995 to £85,000
18/09/2019 Price changed from £99,995 to £89,995
20/02/2019 Price changed from £110,000 to £99,995
09/10/2018 Initial entry found: £110,000

 

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