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Totally Ridiculous Property Prices (post examples)


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3 hours ago, Fromage Frais said:

Looks cheap to me

1) Static caravan so assume watertight

2) Not utter shithole inside and presentable for its type

3) Nice wide river view

https://www.rightmove.co.uk/properties/105763883#/
 

  • Smaller
  • creeksih view
  • crap hole
  • holiday home only
  • No jobs near

Owners clearly high status as cannot be arsed to clean it for 1 hour to get 300K+

Thats near 10,000£ per m2 of shack

 

Call me weird but a shack next to a body of water is not something I'd consider paying 300 or 500 thousand GBP for, even if I had millions of them.

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22 minutes ago, Postman said:

Call me weird but a shack next to a body of water is not something I'd consider paying 300 or 500 thousand GBP for, even if I had millions of them.

"Virtual freehold"

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On 02/06/2021 at 13:24, Huggy said:

A lawyer, a banker, a consultant, or just someone over 50 who bought at the right time (and worked 'hard') could become trailer trash 😀

https://www.rightmove.co.uk/properties/78445836#/

Rivers are nice to visit, and it doesn't look bad (I'd spend a week there if it wasn't in effing Staines), but that is a la la land price.

Apparently the lodge is @120k

https://www.pembertonlh.co.uk/lodges-for-sale/2021-Rivendale-centre-lounge /Rivendale_2_402

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Differential between new builds and second stock near me is now quite shocking...looking at £500k v £350k for 3 bed semis...and I think the existing houses are actually larger.  They have created quite an impressive  distortion.

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On 31/05/2021 at 18:11, Dweller said:

These were my favourites this week. Felt sorry for the people either side of the burnt out terrace :

https://www.rightmove.co.uk/properties/107604356#/

https://www.rightmove.co.uk/properties/107771642#/

Maybe the neighbours could each chip in 30k and their houses would become semis rather than terraced. That has to be worth something. Burn down the other side too and become a detached des res. 

Edited by bearishonhouses
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  • 3 weeks later...
On 05/06/2021 at 12:18, Wayward said:

Differential between new builds and second stock near me is now quite shocking...looking at £500k v £350k for 3 bed semis...and I think the existing houses are actually larger.  They have created quite an impressive  distortion.

Not nearly as marked up difference near me…..but enough to ruin people’s lives by making a very bad financial decision and trying to sell in 5 years time. And if it doesn’t ruin their lives it will at least have meant those who bought well v those who bought an expensive new house will be very noticeable.  I still think you can add 10 years to a working life when you buy carelessly. 

One exception is the odd new build 4 bed detached sells relatively cheaply once the bulk of sales have already gone through eg £400k when others were £480k. Older ‘slightly rougher’ versions buyable at £375k though. 

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20 minutes ago, MattW said:

I quite like that one. No idea as to it's true value though. You get the rent from both shops, however as one of them is becoming vacant you could possibly turn it into part of the main residence.

Agreed, looks good value. 

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  • 3 weeks later...

Here's a good one. https://www.rightmove.co.uk/properties/110519057#/?channel=RES_BUY  

 

Asking price 600k. Last sold 3 years go for 340. And judging by the photos available at https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=68602835&sale=55976171&country=england little or nothing has been done in that time. (Possibly attic finished off).

Index adjusted prices of prior sales suggest it should now be between 340 and 430.

 

image.png.98cb5c43b7b1732a878542ef3a768587.png

I can't help but wonder whether there is a ghost living there that is scaring occupiers out;  7 sales in 23 years! 

 

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33 minutes ago, bearishonhouses said:

Here's a good one. https://www.rightmove.co.uk/properties/110519057#/?channel=RES_BUY  

 

Asking price 600k. Last sold 3 years go for 340. And judging by the photos available at https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=68602835&sale=55976171&country=england little or nothing has been done in that time. (Possibly attic finished off).

Index adjusted prices of prior sales suggest it should now be between 340 and 430.

 

image.png.98cb5c43b7b1732a878542ef3a768587.png

I can't help but wonder whether there is a ghost living there that is scaring occupiers out;  7 sales in 23 years! 

 

Mental, totally mental.

It's like 2007 on acid.

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44 minutes ago, bearishonhouses said:

Here's a good one. https://www.rightmove.co.uk/properties/110519057#/?channel=RES_BUY  

 

Asking price 600k. Last sold 3 years go for 340. And judging by the photos available at https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=68602835&sale=55976171&country=england little or nothing has been done in that time. (Possibly attic finished off).

Index adjusted prices of prior sales suggest it should now be between 340 and 430.

 

image.png.98cb5c43b7b1732a878542ef3a768587.png

I can't help but wonder whether there is a ghost living there that is scaring occupiers out;  7 sales in 23 years! 

 

A wood burner, grey kitchen and stuff….bargain. 😆😆😆

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Someone bought one of these houses in this estate in 2007 for £400,000

https://www.rightmove.co.uk/properties/110549312

This one is now up for £650,000

These are S.E. prices to live in a crappy estate on a flood plain next to the M1

18 months ago £400K was still laughable.

There are dozens of such things being listed

Our savings/wages are worthless and these evil ****s havent even wheeled out the -ve IRs yet.

I just sit looking at this hoping it will end, but I no longer believe it will.

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I laugh at this one every now and again. The property market is booming so why aren’t sellers asking themselves what’s went wrong with their attempted sale? Uhh… the price?!?!

https://www.rightmove.co.uk/properties/110660231#/?channel=RES_BUY

Fine it’s 5 bed, but dark, dated and located immediately on a pavement with a tiny back garden. What family would waste time and money investing in it? 

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38 minutes ago, Pmax2020 said:

I laugh at this one every now and again. The property market is booming so why aren’t sellers asking themselves what’s went wrong with their attempted sale? Uhh… the price?!?!

https://www.rightmove.co.uk/properties/110660231#/?channel=RES_BUY

Fine it’s 5 bed, but dark, dated and located immediately on a pavement with a tiny back garden. What family would waste time and money investing in it? 

£100K over priced.

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1 hour ago, TheCountOfNowhere said:

Someone bought one of these houses in this estate in 2007 for £400,000

https://www.rightmove.co.uk/properties/110549312

This one is now up for £650,000

These are S.E. prices to live in a crappy estate on a flood plain next to the M1

18 months ago £400K was still laughable.

There are dozens of such things being listed

Our savings/wages are worthless and these evil ****s havent even wheeled out the -ve IRs yet.

I just sit looking at this hoping it will end, but I no longer believe it will.

I've been sat shaking my head at this one.  You'd need to see a 60% crash in asking prices to take this back to fair value.

It's total and utter lunacy.

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14 minutes ago, TheCountOfNowhere said:

£100K over priced.

Yup.

Loch leven in Kinross-shire is one of the nicest places in Scotland. Schools in nearby Kinross are great and you’re only 20 mins north of Edinburgh and sort of spine of Scotlands trunk road network.

But houses are generally cheap up here and that’s a rip off compared to others. 

 

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On 01/06/2021 at 15:55, telespy said:

Two-bedroom cottage in Padstow measuring just 8ft 2in wide - making it narrower than a London bus goes on the market for nearly £430,000

https://www.dailymail.co.uk/news/article-9639793/Two-bedroom-cottage-measuring-just-8ft-2in-wide-market-nearly-430-000.html

As this had a bump thought I would check. £429k asking price and they paid £330k in 2017. Interesting….seems they paid a lot too. They are selling as a going concern ie trying to make it a ‘yielding proposition’ and hope some Londoner doesn’t do any research about what else they could buy.

Already eluded to in this thread….if it becomes someone’s holiday home then £430k would have bought a lifetime of hotel rooms across the world for most people. 

Not sold yet. Despite accounts in other threads of 30 viewing and 30% over asking price offers etc. Strange 😉

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