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Jake The Muss

Sw London New Build - Eg Of 20% Down!

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Just some examples I know of if anyone is interested.

Some friends of mine bought last year in a new development of semi detached 3/4 bed houses in SW London. Out of curiosity I recently had a look at the prices they all sold for on the ourproperty website. It shows that the following 3 bed semi's sold for the following prices, these are brand new and sold by the developer.

House No 14 - 28th Oct 05 - Sold £475,000

House No 15 - 28th Feb 06 - Sold £380,000

These two houses are identical 3 beds and are actually attached. No.15 was the last of 17 houses sold, so they either got a great price or the others all over paid. Other possibility is ourproperty is incorrect. No 14 may also have got "cash back" from the developer to make the price appear higher to other potential buyers, as they did by £20k with my friends house.

Assuming these figures are correct, the value of No 14 dropped 20% in 6 months.

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if the developer is a PLC, towards any results period (interim/year end), depending on how under pressure the company is, you can get some good deals on new builds. I wish I could find prices on ourproperty for the new build I'm considering at this time, but there doesn't seem to be a listing.

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  • 301 Brexit, House prices and Summer 2020

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      • down 5% +
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