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PeanutButter

London market

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Obvs anecdotal but our old street has 4 places up for sale, 1 ex rental. 1’s been on for years - kite flying. The next oldest is prob on for 1.5 years. 

Reasonable starter homes in good area, good links, safe, free parking, green spaces etc. 

Then last week a neighbour in our new place put their house up for sale for what we thought was insane money. Boom, sold in a week full asking. Turns out having loads of outstanding schools in catchment is all it takes.

 

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2 minutes ago, PeanutButter said:

Then last week a neighbour in our new place put their house up for sale for what we thought was insane money. Boom, sold in a week full asking. Turns out having loads of outstanding schools in catchment is all it takes.

It's probably an offer from some dimwit who's assuming they can sell their house for an insane price too.

This sort of thing is happening all the time in the areas I'm watching. They're under offer, they're not, they're under offer, they're not, the house is reduced by 1%.....

It's all a bit tedious, TBH. 

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55 minutes ago, PeanutButter said:

Obvs anecdotal but our old street has 4 places up for sale, 1 ex rental. 1’s been on for years - kite flying. The next oldest is prob on for 1.5 years. 

Reasonable starter homes in good area, good links, safe, free parking, green spaces etc. 

Then last week a neighbour in our new place put their house up for sale for what we thought was insane money. Boom, sold in a week full asking. Turns out having loads of outstanding schools in catchment is all it takes.

 

They aren't all going to be so lucky.

There has been some movement in my (target) areas of people moving to good school catchment zones. One 4 BR house in my list went SSTC 6 weeks ago and come up again in my new properties list under a new agent last week.

It's not over until we see it in LR and then we can see what price it actually went for.

Edited by Flopsy

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1 hour ago, Tom_Herts17 said:

It's probably an offer from some dimwit who's assuming they can sell their house for an insane price too.

This sort of thing is happening all the time in the areas I'm watching. They're under offer, they're not, they're under offer, they're not, the house is reduced by 1%.....

It's all a bit tedious, TBH. 

Nope. Guy with family in rental no chain. Walked in and offered full asking no dithering. 

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well what I look at, nothing has moved. 

I checked houseprices.io they are all kite flyers, the best it was sold for was 80k below the current asking price

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On 20/05/2019 at 15:15, PeanutButter said:

Nope. Guy with family in rental no chain. Walked in and offered full asking no dithering. 

Fell through. 

Next person on waiting list for the place offered full asking. Completed very fast (and haven't sold their old place). 

I'm estimating about 400k profit. 

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  • 312 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%



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