Jump to content
House Price Crash Forum
Sign in to follow this  

Anecdotal: <10% Drop In Asking Price After 18 Months

Recommended Posts

This was one of the properties we looked at in late 2004 which helped confirm our suspicions that the market was bonkers. Not even the prospect of living opposite Thierry Henry is enough to shift this ground floor flat which comes fully loaded with a hefty service charge of around £4-5K p.a.

After 18 months they have reduced the asking price by less than 10% (in 3 stages). Maybe they don't want to move?



Late summer 2004: (not sure exactly when it was first marketed)

Redington Gardens, Hampstead, NW3

Price: £ 770,000

Status: For sale

Tenure: Share of freehold

3 Bedrooms 1 Reception

A spacious (1445sq ft) apartment arranged on the garden level of this attractive period residence. The apartment benefits from having its own private entrance, a 16ft kitchen/breakfast room with a utility room and access onto a private patio, three bedrooms, two bathrooms and 18ft reception room, cloakroom and off street parking.

Redington Gardens is well located for the various transport and shopping facilities of Hampstead Village and the green open spaces of Hampstead Heath.

April 2005:

Redington Gardens, Hampstead, NW3

Price: £ 750,000

September 2005:

Redington Gardens, Hampstead, NW3

Price: £ 710,000

January 2006:

Redington Gardens, Hampstead, NW3

Price: £ 699,950

(For the avoidance of doubt, we never considered it an option for us.)

Share this post

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.

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.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 302 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.