Jump to content
House Price Crash Forum

Is this a record?! House on market 4 1/2 years...


Recommended Posts

This house in Cambridge has been on the market on and off for 6 years!

 

https://www.zoopla.co.uk/property/19-whitehill-road/cambridge/cb5-8lu/3910547

  • Aug 2019 Listed for saleMarketed by Abbotts - Cambridge Sales£400,000View listing
  • Apr 2018 Listed for saleMarketed by Abbotts - Cambridge Sales£400,000View listing
  • Sep 2017 Listed for saleMarketed by William H Brown - Newmarket£400,000View listing
  • view less 
    • Jan 2017 Listed for saleMarketed by Cooke Curtis & Co£400,000View listing
    • Jul 2016 Listed for sale£425,000View listing
    • Jul 2014 Listed for saleMarketed by haart Estate Agents - Cambridge Sales£350,000View listing
    • Feb 2014 Listed for saleMarketed by Russells - Sales£295,000View listing
Link to post
Share on other sites

This one around the corner from me has actually been on since April 2013 although rather annoyingly they've twice managed to make it appear as ''new to market'' on the listing despite not removing it first or reducing the price in all that time.

 It's a holiday home that the owners haven't used for years.

https://www.rightmove.co.uk/property-for-sale/property-66036034.html

It finally shown as SSTC about 6 months ago but I'm wondering if the ''sale'' has actually gone through as it's still showing on Rightmove and there's been no activity at all at the house in that 6 month period from either the old owners clearing out or the new owners moving in.

(And I happen to know the vendors are, let's say, rather ''difficult'' people to deal with)

Link to post
Share on other sites

Until recently, I sued to find houses that had been listed for 10+ years conterminously.

I think EA are a bit wiser to the internet listing ad dont tend let an ad run for 3+, choosing towithdraw nd ifflde wit hte details so they dont appear to have been up for sale for years.

The houses themselves are still not selling.

 

Link to post
Share on other sites
21 minutes ago, spyguy said:

The houses themselves are still not selling.

Depends on where. This year already I've seen asking prices, regardless of the estate agent doing the listing, increase by an average of £10k and I've seen some in bad locations, such as with bad transport links, near 'druggy-thuggy' estates, without parking etc go STC, drop off Zoopla and not come back.

And the money definitely seems to be there. I know people at work who have pushed themselves to the limit to buy dumps; one even had the bathroom effectively (but predictably) collapse just before Christmas, celling, tiles and everything but was still happy because he had brought a place (maisonette) and only has a ~ 30-45 minute commute Well, that and a very real need to work 14+ hours a day.

And yesterday I had one of Martin Lewis's emails with a piece crowing about how the interest rates on mortgage products has fallen again!

Link to post
Share on other sites
  • 2 weeks later...
On 07/02/2020 at 01:07, tyres said:

This house in Cambridge has been on the market on and off for 6 years!

 

https://www.zoopla.co.uk/property/19-whitehill-road/cambridge/cb5-8lu/3910547

  • Aug 2019 Listed for saleMarketed by Abbotts - Cambridge Sales£400,000View listing
  • Apr 2018 Listed for saleMarketed by Abbotts - Cambridge Sales£400,000View listing
  • Sep 2017 Listed for saleMarketed by William H Brown - Newmarket£400,000View listing
  • view less 
    • Jan 2017 Listed for saleMarketed by Cooke Curtis & Co£400,000View listing
    • Jul 2016 Listed for sale£425,000View listing
    • Jul 2014 Listed for saleMarketed by haart Estate Agents - Cambridge Sales£350,000View listing
    • Feb 2014 Listed for saleMarketed by Russells - Sales£295,000View listing

It couldn't sell for the original price of £295K. 

The solution clearly is to put the price UP 33% to £400K

 

 

Link to post
Share on other sites
12 hours ago, mrtickle said:

It couldn't sell for the original price of £295K. 

The solution clearly is to put the price UP 33% to £400K

Warped logic indeed. The Vendors might have seen that "property x" down the road sold for "y" so ours must be worth around "y + z" now. :rolleyes:

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.

  • 415 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.