65243 Posted July 18, 2023 Share Posted July 18, 2023 This rather nice flat in Dulwich sold at auction on 28th June for £290,000. According to the Land Registry it last changed hands on 11th March 2016 at £415,000. Here's the outcome of all lots at that auction. I haven't gone through the others that sold to check earlier transactions at the LR - that would be an interesting exercise for anyone with a few hours and a spreadsheet. But in a market that has otherwise ground to a halt auction prices do give a good idea of the actual prices when sellers want to sell rather than sit and wait. Quote Link to comment Share on other sites More sharing options...
65243 Posted July 18, 2023 Author Share Posted July 18, 2023 Similar story: Sold at auction June 2023 for £352,000. Last sold June 2016 for £515,000. Both sold at a 30% discount from 2016 prices. Quote Link to comment Share on other sites More sharing options...
Data Dave Posted July 31, 2023 Share Posted July 31, 2023 Woo, that's typically unheard of. I thought at first maybe it was due to being subdivided and sold in 2 pieces, but the auction guide states its still over 2 floors, so its not that. Cladding?? Quote Link to comment Share on other sites More sharing options...
Data Dave Posted July 31, 2023 Share Posted July 31, 2023 On 18/07/2023 at 15:43, 65243 said: Similar story: Sold at auction June 2023 for £352,000. Last sold June 2016 for £515,000. Both sold at a 30% discount from 2016 prices. Nearly down 50% in real terms adjusted for only CPI. Quote Link to comment Share on other sites More sharing options...
coypondboy Posted July 31, 2023 Share Posted July 31, 2023 yep did post one recently in bourneouth where it was bought for 378k and sold for 95k via whoobid due to cladding issues,can be rented for 1300pm so yield of 16%. Quote Link to comment Share on other sites More sharing options...
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