TheCountOfNowhere Posted January 20, 2015 Share Posted January 20, 2015 Meanwhile....further south: http://www.rightmove.co.uk/property-for-sale/property-32005353.html?premiumA=true 20/01/2015 Price changed: £695,000 Offers in Excess of £650,000 Agent changed: Reduced on 08/10/2014 by Michael Graham Price changed: £650,000 08/12/2014 Price changed: Offers in Excess of £700,000 £695,000 19/11/2014 Agent changed: Michael Graham Reduced on 08/10/2014 by Agents Location changed: Olney. Reduced on 08/10/2014 by 08/10/2014 Price changed: £750,000 Offers in Excess of £700,000 06/09/2014 Status changed: Premium Listing, null, null 21/08/2014 Initial entry found. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 20, 2015 Share Posted January 20, 2015 4 bed in Ecton....£650K http://www.rightmove.co.uk/property-for-sale/property-33398805.html Collapse must be imminent. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 20, 2015 Share Posted January 20, 2015 This is my fav today: http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=OUTCODE^1783&maxDaysSinceAdded=1&radius=15.0&googleAnalyticsChannel=buying It's being built and they the photos show that. 4 bedroom detached house for sale Ballaster Gardens, Kislingbury, Northampton, Northamptonshire £545,000 4 beds in Kislingbury in 2007.....£300K. MENTAL. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 20, 2015 Share Posted January 20, 2015 http://www.northamptonchron.co.uk/news/politics/residents-object-to-plans-for-195-homes-on-edge-of-northamptonshire-village-1-6530267 " Residents object to plans for 195 homes on edge of Northamptonshire village"Shameful. Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted January 20, 2015 Share Posted January 20, 2015 (edited) Hey BRV, I posted on the London thread yesterday much the same thing, "numerous houses sales fall through and back to market, ", stuff that was 2007+20% priced and sold 3-6 months ago re-appearing on rightmove. This reappeared: http://www.rightmove.co.uk/property-for-sale/property-31446819.html?premiumA=true but someone is trying tro sell a similar (maybe smaller) one round the corner for £550K !!!1 http://www.rightmove.co.uk/property-for-sale/property-49600670.html According to rightmove new feature "MARKET INFO", last big one to sell nearby was for 400K in 2013 and that was 2007 bubble pricing !!!! "Sold for: £400,000 26 Apr 2013 26 Honeysuckle Way, Northampton, Northamptonshire NN3 3QE Within 0.5 miles" Useful feature if your looking for a house. Then we have something like this appearing: http://www.rightmove.co.uk/property-for-sale/property-33324399.html "6 bedroom detached house for sale Belfry Lane, Collingtree, Northampton, NN4 Guide Price £875,000" A remarkably similar house to this was up for £550K last year, may or may not have sold. The whole think is a sick joke. You're telling me! I can't believe the asking price of some of the crap on the market. I've seen no change in asking prices since 6 months ago though, MMR has reigned in some of the madness I think. I do think though that one of the reasons for the 'halt' in price increase since then (at least in my search of £210k or less) is that the prices are simply too high! The increases since HTB have pretty much made HTB irrelevant for a lot of its target market. Someone looking to buy a house for £162.5k with £8k in their pocket, needs a £152k mortgage. Now people are asking £195K for the same house, the FTB needs £9.75k deposit, to get a £147k mortgage but at a higher rate, so with no real saving = and they now have £39k to start paying back in 5 years time! FTB buyers 18 months on are at least £40k worse off thanks to HTB. Have I got that correct? Surely with these maths HTB was always going to run out of steam? Edit: this quote malarkey is doing my head in! Edited January 20, 2015 by Billy Ray Valentine Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted January 20, 2015 Share Posted January 20, 2015 Next http://www.rightmove.co.uk/property-for-sale/property-32806704.html 16/01/201516/01/2015 Price changed: from '£214,995' to '£209,995' Agent changed: O'Riordan Bond 11/11/2014 Price changed: from '£219,995' to '£214,995' 08/11/2014 Price changed: from '£214,995' to '£219,995' 07/11/2014 Price changed: from '£219,995' to '£214,995' 25/10/2014 Initial entry found. Is reality starting to strike ? From what I've noticed the last 6 months reductions like this have become quite common. Here's one recent example: http://www.rightmove.co.uk/property-for-sale/property-33377835.html?premiumA=true This may be a recent listing but this place was on for a few months in the run up to Christmas, originally for £220k and was then reduced to £210k. It's almost like there's a ceiling for 3-4 bed detached houses with a single garage...... Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted January 20, 2015 Share Posted January 20, 2015 Supply in my search is now up almost 20% over the last 2 and a bit weeks by the way.........(!) Fingers crossed ECB QE doesn't postpone the inevitable any longer! Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 22, 2015 Share Posted January 22, 2015 (edited) Just when you thought it couldn't get any more insane: http://www.rightmove.co.uk/property-for-sale/property-50121164.html 18 bedroom semi-detached house for sale Hazelwood Road, Northampton £1,100,000 Or. you cvan buy a flat at a time: http://www.rightmove.co.uk/property-for-sale/property-50121158.html http://www.rightmove.co.uk/property-for-sale/property-50121143.html http://www.rightmove.co.uk/property-for-sale/property-50121137.html http://www.rightmove.co.uk/property-for-sale/property-50121146.html http://www.rightmove.co.uk/property-for-sale/property-50121128.html http://www.rightmove.co.uk/property-for-sale/property-50121131.html Or you could buy a 2 bed flat at auciton around £70k http://www.rightmove.co.uk/property-for-sale/property-48028084.html Edited January 22, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 22, 2015 Share Posted January 22, 2015 Then there are these mysterious semi's appearing on the wellingborough *main" road: http://www.rightmove.co.uk/property-for-sale/property-48032878.html 9 bedroom semi-detached house for sale WELLINGBOROUGH ROAD POA POA: Based on the listing placement on rightmove it must bve up for £800K + Yes folks, on the busy welly road. I gove the whole thing 6 months before people are crying into their repo-letters Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 22, 2015 Share Posted January 22, 2015 This sort of stuff: http://www.rightmove.co.uk/property-for-sale/property-33422961.html couldnt sell for £250K for the previous 6 years, now up at £315K. I really cant believe what I am seeing. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 22, 2015 Share Posted January 22, 2015 Wootoon madness: http://www.rightmove.co.uk/property-for-sale/property-48056935.html £295K. Luck to sell them for 200K 18 months ago. Will anyone be voting tory ? MADNESS Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 23, 2015 Share Posted January 23, 2015 http://www.rightmove.co.uk/property-for-sale/property-49253813.html "23/01/2015 Price changed: from '£450,000' to '£435,000'" Still at least 100K over-priced but I get the feeling the london party is over and there are no more greater fools.... Quote Link to comment Share on other sites More sharing options...
Elad Posted January 23, 2015 Share Posted January 23, 2015 http://www.rightmove.co.uk/property-for-sale/property-49253813.html "23/01/2015 Price changed: from '£450,000' to '£435,000'" Still at least 100K over-priced but I get the feeling the london party is over and there are no more greater fools.... Bit worthless to have a double garage that has two doors so small you can't get a car in either of them.... Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 28, 2015 Share Posted January 28, 2015 (edited) Still the lunacy continues: http://www.rightmove.co.uk/property-for-sale/property-32949684.html?premiumA=true 4 bedroom detached house for sale Magnolia Close, Abington Vale, Northampton £399,995 Or maybe it doesnt, that seems like a failed sale....but someone was willing to pay that !!! Edited January 28, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 28, 2015 Share Posted January 28, 2015 http://www.rightmove.co.uk/property-for-sale/property-48123421.html 4 bedroom detached house for sale Sarek Park, West Hunsbury, Northampton £345,000 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 28, 2015 Share Posted January 28, 2015 http://www.rightmove.co.uk/property-for-sale/property-33473295.html 4 bedroom terraced house for sale Birchfield Road, Abington, Northampton NN1 4RE £329,995 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 28, 2015 Share Posted January 28, 2015 http://www.rightmove.co.uk/property-for-sale/property-48129808.html 4 bedroom detached house for sale Penfold Gardens, Great Billing, Northampton, NN3 Guide Price £300,000 300K to breath in poo. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 28, 2015 Share Posted January 28, 2015 http://www.rightmove.co.uk/property-for-sale/property-33469203.html 4 bedroom detached house for sale East Hunsbury Guide Price £297,000 Lucky to sell for £200K 18 months ago. Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted January 28, 2015 Share Posted January 28, 2015 (edited) Some crazy examples Count. in my £200k or less search I'm seeing plenty of reductions, a higher rate of places on with multiple agents, numerous failed sales and plenty of places still lingering on the market from last spring. Also seeing shared ownership being pushed more overtly, which to me is also another sign of a market ready to blow. Anecdotally I know people who have adult children moving back in with them (with partner in tow!) despite it being cramped, to start saving for a deposit for a place. Also know and have been told of several people who have massively leveraged up the last 6 months (4.5x joint salary jobbies, people in their thirties, who probably not incidentally bought a year or two before the bust), which makes me think the market must be damn near to running out of greater fools, if we aren't already at that point. Not to mention the fact that if prices are where they are because people are seriously stretching themselves to borrow at these insane multiples where the driver for further increase is going to come from at the very least. Can't be now far from it all going pop surely? Edited January 28, 2015 by Billy Ray Valentine Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted January 28, 2015 Share Posted January 28, 2015 (edited) double post Edited January 28, 2015 by Billy Ray Valentine Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 28, 2015 Share Posted January 28, 2015 (edited) Some crazy examples Count. in my £200k or less search I'm seeing plenty of reductions, a higher rate of places on with multiple agents, numerous failed sales and plenty of places still lingering on the market from last spring. Also seeing shared ownership being pushed more overtly, which to me is also another sign of a market ready to blow. Anecdotally I know people who have adult children moving back in with them (with partner in tow!) despite it being cramped, to start saving for a deposit for a place. Also know and have been told of several people who have massively leveraged up the last 6 months (4.5x joint salary jobbies, people in their thirties, who probably not incidentally bought a year or two before the bust), which makes me think the market must be damn near to running out of greater fools, if we aren't already at that point. Not to mention the fact that if prices are where they are because people are seriously stretching themselves to borrow at these insane multiples where the driver for further increase is going to come from at the very least. Can't be now far from it all going pop surely? Hi BRV, Yeah those are crazy example, I can't believe the magnolia close one, it went on the market, sold immediately. The asking price is insane no matter what measure you use, so why anyone would want to offer on it is beyond me. It fell through within a month too, could be the banks saying no I suppose. On a brighter note, I am seeing the same as you, lots of reductions, failed sales and failed to sells. There is no end of rubbish on the market from June 2014 onwards. The Mexican stand off is back. One of my neighbours is trying to sell up, started off at £345k and now down to £290K. An identical house next door sold April last year when the asking price was £345K, a new high for the road at £75K more than bigger houses were selling for 12 months earlier. To top it all, they didn't move in for a month while they renovated the place I thought at the time they were idiots and it seems they were, they are the greatest of the greater fools. The big question is, what is going to collapse the market. If we are back at really low sales volumes but with extra mad asking prices then there's really no point in buying. We really do need a proper crash now IMHO. That could be bad for us all tho. I still can't help but think if osborne hadn't started his FLS/HTB pre-election boom then we'd all be much better off and the economy of the country in a better place. Here's some examples for the doubters: TOP END: http://www.rightmove.co.uk/property-for-sale/property-45744464.html?premiumA=true 15/04/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-44882857.html?premiumA=true 17/06/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-31809660.html?premiumA=true 06/08/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-47458546.html?premiumA=true This one's been up for sale for years if my memory serves me right, might have thought last year was the time to finally sell at an even higher price. http://www.rightmove.co.uk/property-for-sale/property-46687882.html 22/10/2014 Initial entry found. MIDDLE: http://www.rightmove.co.uk/property-for-sale/property-47997842.html?premiumA=true 04/09/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-47788688.html?premiumA=true 26/08/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-32694786.html?premiumA=true 26/08/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-45725009.html 26/08/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-48450506.html 20/09/2014 Initial entry found. BOTTOM: http://www.rightmove.co.uk/property-for-sale/property-32637942.html?premiumA=true 29/12/2014 Status changed: Premium Listing, Sold STC, null, null 24/10/2014 Status changed: Premium Listing, null, Sold STC, null 15/10/2014 Initial entry found. http://www.rightmove.co.uk/property-for-sale/property-34002643.html 26/04/2012 Initial entry found. I could be here all day !!! Edited January 28, 2015 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 2, 2015 Share Posted February 2, 2015 The crash is inevitable now if you ask me: http://www.rightmove.co.uk/property-for-sale/property-32851131.html?premiumA=true " 4 bedroom detached house for sale Bancroft Close, Wootton Fields, NORTHAMPTON £430,000" You'd have been lucky to see that up for £300K 18 months ago. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 2, 2015 Share Posted February 2, 2015 West hunsbury not to be outdone with the wootton madness: http://www.rightmove.co.uk/property-for-sale/property-50272247.html 4 bedroom detached house for sale Tall Trees Close, West Hunsbury, Northampton, NN4 £385,000 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 2, 2015 Share Posted February 2, 2015 People in hunsbury meadons would should be lucky to get 250K for this sort of stuff IMHO http://www.rightmove.co.uk/property-for-sale/property-50288903.html 4 bedroom detached house for sale Samwell Way, Hunsbury Meadows, Northamptonshire £375,000 Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 2, 2015 Share Posted February 2, 2015 http://www.rightmove.co.uk/property-for-sale/property-48056935.html 02/02/2015 Price changed: from '£294,995' to '£284,995' 22/01/2015 Initial entry found. Might have sold for £200K 18 months ago. Osbornes HTB2 scheme should be challenged in court, if nothing else, under trading standards Quote Link to comment Share on other sites More sharing options...
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