Jump to content
House Price Crash Forum

Barnard Marcus Auction - Live Link


Recommended Posts

Lot 87 43 Potters Hollow, Bulwell, Nottingham, Nottinghamshire, NG6 Sold for 75k.

Previuosly 26/06/2006 £135,995 Flat L Yes Map 43, Potters Hollow, Nottingham, City Of Nottingham, NG6 8PB

No so much of a loss on lot 86

Lot 86 67 Potters Hollow, Bulwell, Nottingham, Nottinghamshire, NG6 Sold for 77k

Previously 01/06/2006 £105,405 Flat L Yes Map 67, Potters Hollow, Bulwell, Nottingham, City Of Nottingham, NG6 8PB

Link to post
Share on other sites
  • Replies 220
  • Created
  • Last Reply

Top Posters In This Topic

I'm waiting for a couple of Lots in particular to see what sentiment is like in and around Manchester.

Lot 54 13 Northbourne St, Salford - Bought June 2005 for £68k

Lot 90 Flat 4, Kendal Court, Eccles - Bought Sept 2003 for £104k

I'm expecting Lot 90 to go for around £50 - 60k ( Guide is £42k which seems low ) - if that's the case, then that's pretty affordable and is around 40% off 2003 prices!

We'll have to wait and see....

Regards

M21er

Lot 90 just sold for £60k - down £44k on its September 2003 price!

At this level of negative equity there must be more repossessions to come in this one block

I can see these being worth £30 - £40k soon

Regards

M21er

Link to post
Share on other sites

Lot 102 looks like an interesting one:

102 1 Rugby Rd, Chiswick, London, W4 725

Shows the madness of London property look at these sales on that road!

1 05/06/2007 £843,650 Ter. F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

2 26/07/2001 £499,999 Semi F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

3 18/09/2000 £250,000 Semi L No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

4 29/08/2003 £196,000 Ter. L No Map 1, Rugby Road, Ealing, London, Greater London, W4 1AT

5 22/09/2004 £127,500 Semi F No Map 1, Rugby Road, Ealing, London, Greater London, W4 1AT

6 18/09/2000 £50,000 Semi F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

50K to 850K in 7 years ?!?!?!?! :ph34r: :angry: :(

Link to post
Share on other sites

Must admit that I was a little disappointed when I forst logged on, and started to compare the sale prices to the reserves. The thing to do is to ignore the reserves, and to compare to the previous sold price.

I feel like Christmas has come again; I have waited so long for this moment where there is no doubt that the market has turned.

As the market is built on sentiment, and negative stories appear to be the flavour of the moment, is there anyway that we can get some journalist hack to write a piece on this, citing examples of the losses being suffered? Does anyone have any contacts?

Link to post
Share on other sites

I only just spotted it, but if you go onto the live catalogue for the auction and clikc a property, it will give you some icons on the side.

"trend Analysis" seems to compare previous auction sales of similar property types. Some there is not much data, but it does a t least compare auction sales now with auction sales previously.

Most 2002-3 prices. Awesome.

In absolute terms too, inflation will sort a bit more out.

Link to post
Share on other sites
Lot 102 looks like an interesting one:

102 1 Rugby Rd, Chiswick, London, W4 725

Shows the madness of London property look at these sales on that road!

1 05/06/2007 £843,650 Ter. F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

2 26/07/2001 £499,999 Semi F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

3 18/09/2000 £250,000 Semi L No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

4 29/08/2003 £196,000 Ter. L No Map 1, Rugby Road, Ealing, London, Greater London, W4 1AT

5 22/09/2004 £127,500 Semi F No Map 1, Rugby Road, Ealing, London, Greater London, W4 1AT

6 18/09/2000 £50,000 Semi F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

50K to 850K in 7 years ?!?!?!?! :ph34r: :angry: :(

Unsold at £722k

a big drop on £843k ( assuming similar etc )

Link to post
Share on other sites
Lot 102 looks like an interesting one:

102 1 Rugby Rd, Chiswick, London, W4 725

Shows the madness of London property look at these sales on that road!

1 05/06/2007 £843,650 Ter. F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

2 26/07/2001 £499,999 Semi F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

3 18/09/2000 £250,000 Semi L No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

4 29/08/2003 £196,000 Ter. L No Map 1, Rugby Road, Ealing, London, Greater London, W4 1AT

5 22/09/2004 £127,500 Semi F No Map 1, Rugby Road, Ealing, London, Greater London, W4 1AT

6 18/09/2000 £50,000 Semi F No Map 2, Rugby Road, Ealing, London, Greater London, W4 1AT

50K to 850K in 7 years ?!?!?!?! :ph34r: :angry: :(

got up to 722 and didnt sell: guess 600K over the last sale price isnt enough inflation in 3.5 years!

Link to post
Share on other sites
you are watching a crash happening in real time in front of your eyes, strip away cheap finance this is what property is worth at the death...fukc me, wow, this is truly fantastic :blink:

CL

Perhaps the auctioneer forgot to tell the bidders about the 0.25% cut in the base rate!

Regards

M21er

Link to post
Share on other sites
wellandpower.thanks for the tip,trend analusis,flat in tottenham has gone up 7 x in 14 years,bubble,what bubble

Pleasure.

I mentioned it mainly because I only just noticed and I have ben looking all morning.... maybe I am blind or maybe it wasn't on at the start!?!?!!?

:lol: OK, i'm blind!

Link to post
Share on other sites
CL

Perhaps the auctioneer forgot to tell the bidders about the 0.25% cut in the base rate!

Regards

M21er

this is a fascinating thread I'll have to catch up with it tonight but a thought just struck me, the reserves that the some of lenders have placed...I reckon on some of the flats there are none, or they're set that low that they really don't give 2 5hits as they need the cash back now!. This is some scary fukicn territory we've entered today, prices at 2001 levels on some flats, some are the lowest ever achieved in certain blocks by 20% :o OMFG. Desperate vendors looking for a quick exit, it's panic from certain quarters like we've never seen before, as relevant as folk queuing up to get cash out of Northern Rock. Just hope this isn't a one off desperate 'freak show', 'cos at some of these prices FTBs up and down the country could have done OK today IMHO....unless there's further to fall... ;)

Link to post
Share on other sites

I'm waiting for 197 & 198. Will we see a 50% drop?

39 27/06/2006 £139,000 Flat L Yes Map Brook Court, 36 Apartment, Player Street, Nottingham, City Of Nottingham, NG7 5PP

40 19/06/2006 £139,000 Flat L Yes Map Brook Court, 23 Apartment, Player Street, Nottingham, City Of Nottingham, NG7 5PP

Link to post
Share on other sites
It;'s proving too tricky on my PC to simultaneously look up the last sold prices of these and watch the auction, before its over.

Just wanting to watch Lot 209 now

SEW

I've just looked again on the Order of Sale

Lot 209 is now showing as Sold Prior ?? That must be a recent update? ( Must be all the good publicity on the panarama programme! )

That's disappointing - we won't see the price today and Sold Prior prices are usually disclosed???

Regards

M21er

Link to post
Share on other sites
SEW

I've just looked again on the Order of Sale

Lot 209 is now showing as Sold Prior ?? That must be a recent update? ( Must be all the good publicity on the panarama programme! )

That's disappointing - we won't see the price today and Sold Prior prices are usually disclosed???

Regards

M21er

Typical, eh.

Spoiling the fun.

Personally I wouldn't have the nerve to buy at auction. It seems to me you need to be spending money out up front (survey) or you'd need a professional to walk round it with you to give you the overview of what needs doing.

I'd be a mess at an auction I fear.

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.

Guest
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.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.





×
×
  • 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.