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blondebier

Lewes, East Sussex

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I thought I'd give an update since my last thread on Lewes has disappeared.

I was really chuffed with the land registry figures that were released on Tuesday.

Change in last year: -3.6%

Change in last quarter: -6.8% (Yes, those are both MINUS signs)

Here's a link courtesy of the BBC - Link

It seems to me that places are still horrendously overpriced and just aren't selling. Some properties have been on the market for over a year. Price reductions don't seem that common.

I did however see this one reduced this week. 2 Bed Terrace

It was on for £175k now down to £167500.

I've checked a few places on NetHousePrices.com and I've noticed that some places are selling well below asking price. I've seen a few cottages (e.g. Sun Street) Asking circa £235k having sold for £195k.

The agents don't seem to be getting the message, but I think the sellers sure are! Bring it on...

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I thought I'd give an update since my last thread on Lewes has disappeared.

I was really chuffed with the land registry figures that were released on Tuesday.

Change in last year: -3.6%

Change in last quarter: -6.8% (Yes, those are both MINUS signs)

Here's a link courtesy of the BBC - Link

It seems to me that places are still horrendously overpriced and just aren't selling. Some properties have been on the market for over a year. Price reductions don't seem that common.

I did however see this one reduced this week. 2 Bed Terrace

It was on for £175k now down to £167500.

I've checked a few places on NetHousePrices.com and I've noticed that some places are selling well below asking price. I've seen a few cottages (e.g. Sun Street) Asking circa £235k having sold for £195k.

The agents don't seem to be getting the message, but I think the sellers sure are! Bring it on...

Yes, they're definitely falling.

Ive noticed places coming back on tha market again.

This place was 'Sold' a few weeks back, now back on in last few days.

This house in Pells put on a month ago for a price of 'between' £350k-£375k [i think I'll pay the higher figure please :blink: ] We rented a [much nicer/modernised] house a few doors up, which sold last December for £330k.

Funnily enough, their 'kite-flying' blatant greed hasnt paid off. We know the neighbours, and depspite a 'review' of the price to £365k, I understand there hasnt been any viewings :-)

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More reductions this week: :D

Malling Street - Just next to just tyres. Was advertised originally £225k now Guide Price £190k

Orchard Road - I believe this is on the flood plain. Was a snip under £220k now Guide Price £199,950

It's happening slowly... ;)

You guys have a very big Waitrose... perhaps this is keeping prices artificially high...

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1) People are loaded.

2) It's a BTL hot spot.

3) London is only an hour's commute. ;)

I live & rent in Lewes, earn a relative good salary, ..but alas have no wealthy peers or no nest egg from a previous house I have sold, which seems to be the underlying factor here. Its a great place to live, & yes most residents are loaded (bah hum bug bastards..)

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I live & rent in Lewes, earn a relative good salary, ..but alas have no wealthy peers or no nest egg from a previous house I have sold, which seems to be the underlying factor here. Its a great place to live, & yes most residents are loaded (bah hum bug bastards..)

And you get to burn the Pope on Nov 5th too.

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And you get to burn the Pope on Nov 5th too.

What happened with the houses that were flooded a few years ago? Has that affected their value?

Billy Shears

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What happened with the houses that were flooded a few years ago? Has that affected their value?

Billy Shears

Hi Billy,

I don't think it has to be honest. People have very short memories...

There's not much for sale under £200k that you'd want to live in.

There has been some flood defence work to protect Tesco / Malling area, but I think the Cliffe area that got it badly last time would still be severely flooded if it happened again.

Cheers,

Blondebier

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Not Lewes specifically, but I'm originally from Newhaven just down the road.

Anyway, tonight I thought I'd have a chuckle at the prices in my home town when I came across this beauty:

Link

215K for a two-bed flat in Newhaven :lol::lol::lol: You can buy a three bed freehold detached house down there for that!!

It wouldn't fetch much more up here in the London suburbs. :lol:

These new build flats are going to get absolutely mullered when people finally wake up...

Whilst I'm on the general area, a mate of mine bought a place out the back of Seaford for 240K last summer. Looking at Rightmove tonight, I reckon he could get the same place today with 10% off :(

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Here's another price reduction this week. Link

It probably been on for about 3 months. (Lewes Estates are the kings at overpricing properties.)

Was £225k, £215k now £210k. It's on the FLOOD plain!!! :blink:

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I lived in Lewes for 10 years - never seemed that posh back then - most people seemed to live on council estates at Landport, Malling, etc., some twee areas like Southover, around Cliffe High Street and the High Street - and then some nice houses up around King Henry's Road. Another thing I noticed was that, for the SE, salaries were poor - living in Lewes was great as long as you were working in London. I remember the Tesco being opened - is there a Waitrose there now as well?

Fare thee well Lewesians - still have fond memories of walking on the Downs :-)

G

Edited by gruffydd

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Here's another reduction.

This little cottage was advertised for most of 2005 at £193k. It didn't sell. They took it off for a while. They put it on this year for £195k and now it's down to £190k. Small, but a reduction none the less.

Keep watching. ;)

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Here's another reduction.

This little cottage was advertised for most of 2005 at £193k. It didn't sell. They took it off for a while. They put it on this year for £195k and now it's down to £190k. Small, but a reduction none the less.

Keep watching. ;)

I know this place, its right on the VERY busy road linking Lewes to Haywards Health. Middel of nowhere, terrible location. I wouldn't buy it if it was £10K.

Greedy b**tards wanting that money..

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I know this place, its right on the VERY busy road linking Lewes to Haywards Health. Middel of nowhere, terrible location. I wouldn't buy it if it was £10K.

Greedy b**tards wanting that money..

That's it. Just north on the A275. They've tried renting it out as well. :rolleyes:

There's no parking either!

Hey ho, I'm sure some sucker will buy it.

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That's it. Just north on the A275. They've tried renting it out as well. :rolleyes:

There's no parking either!

Hey ho, I'm sure some sucker will buy it.

Oh yes, some sucker will. I lived on that road for 1 year, (well a about 100yds off the road past ccoksbridge)

& the sunday bikers drove me crazy.

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Aparently the market is bouyant.

In the way bricks are! - each week Ive noticed quite a few 'new prices' in Sussex Express ad for Wycherleys, they appear to be the most realistic of Lewes EA's pricing-wise

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I just received this Rightmove email alert.

Link

It's hardly new. It's been on for over 3 months at £225k. Now £210k

You got to give it to them, Lewes Estates do try... :lol:

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It's been reduced again! It's now £200k. :rolleyes:

That's because it's "Quintessential":

A quintessential period cottage-style terraced property located in the highly sought after area of Southover

Quintessential has to be the most overused word in the Lewes property market

Quinessential = a compact version of small

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  • 301 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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