Matt Bear Posted February 7, 2008 Report Share Posted February 7, 2008 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 Quote Link to post Share on other sites
OscillatingWildly Posted February 7, 2008 Report Share Posted February 7, 2008 Lot 90, sold for 60k, bought in 2003 for £103,950! http://www.houseprices.co.uk/e.php?q=Flat+...Eccles&n=10 Quote Link to post Share on other sites
M21er Posted February 7, 2008 Author Report Share Posted February 7, 2008 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 Quote Link to post Share on other sites
OscillatingWildly Posted February 7, 2008 Report Share Posted February 7, 2008 Lot 93 - http://www.houseprices.co.uk/e.php?q=1+Kit...+Close&n=10 - bought for 199,500 in 2004 sold for 160,000 today HPI my ar$e Quote Link to post Share on other sites
pokissimo Posted February 7, 2008 Report Share Posted February 7, 2008 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 ?!?!?!?! :angry: Quote Link to post Share on other sites
Lee Harvey Oswald Posted February 7, 2008 Report Share Posted February 7, 2008 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? Quote Link to post Share on other sites
hellsbells Posted February 7, 2008 Report Share Posted February 7, 2008 I am sooooo loving this! You guys should get together and make an alternative version of homes under the hammer. the rest of my afternoon is wasted now - I'm totally hooked. Quote Link to post Share on other sites
redgenieuk Posted February 7, 2008 Report Share Posted February 7, 2008 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. Quote Link to post Share on other sites
M21er Posted February 7, 2008 Author Report Share Posted February 7, 2008 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 ?!?!?!?! :angry: Unsold at £722k a big drop on £843k ( assuming similar etc ) Quote Link to post Share on other sites
pokissimo Posted February 7, 2008 Report Share Posted February 7, 2008 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 ?!?!?!?! :angry: got up to 722 and didnt sell: guess 600K over the last sale price isnt enough inflation in 3.5 years! Quote Link to post Share on other sites
ScaredEitherWay Posted February 7, 2008 Report Share Posted February 7, 2008 Ah. Lot 103. The garage-makes-a-studioflat ... with, I believe, no planning permission? Quote Link to post Share on other sites
Converted Lurker Posted February 7, 2008 Report Share Posted February 7, 2008 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 Quote Link to post Share on other sites
M21er Posted February 7, 2008 Author Report Share Posted February 7, 2008 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 CL Perhaps the auctioneer forgot to tell the bidders about the 0.25% cut in the base rate! Regards M21er Quote Link to post Share on other sites
mitchbux Posted February 7, 2008 Report Share Posted February 7, 2008 There are still a few winners in there. Lot 105 Bought Aug 2006 for £400K and sold at £580K Quote Link to post Share on other sites
Lee Harvey Oswald Posted February 7, 2008 Report Share Posted February 7, 2008 It's all happening today. Just managed to tear myself away for afew minutes, and had a look at the stock market. It appears to have gone through the floor since the decision to reduce interest rates; it is now down 150 points. I had better go and get some work done now, before I wet myself! Have fun. Quote Link to post Share on other sites
redgenieuk Posted February 7, 2008 Report Share Posted February 7, 2008 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!?!?!!? OK, i'm blind! Quote Link to post Share on other sites
Converted Lurker Posted February 7, 2008 Report Share Posted February 7, 2008 CLPerhaps 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% 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... Quote Link to post Share on other sites
pokissimo Posted February 7, 2008 Report Share Posted February 7, 2008 1 19/10/2007 £275,000 Ter. F No Map 74, Maxted Road, Southwark, London, Greater London, SE15 4LF Lot 108 looks like a fast flip job: Sold for 370K - maybe the "paint it magnolia and add laminate" can still turn a profit... Lower sale price than others on the street tho... Quote Link to post Share on other sites
ScaredEitherWay Posted February 7, 2008 Report Share Posted February 7, 2008 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 Quote Link to post Share on other sites
Matt Bear Posted February 7, 2008 Report Share Posted February 7, 2008 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 Quote Link to post Share on other sites
M21er Posted February 7, 2008 Author Report Share Posted February 7, 2008 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 Quote Link to post Share on other sites
pokissimo Posted February 7, 2008 Report Share Posted February 7, 2008 Remember everyone... "You cant lose money with pro-ber-dee" Quote Link to post Share on other sites
ScaredEitherWay Posted February 7, 2008 Report Share Posted February 7, 2008 SEWI'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. Quote Link to post Share on other sites
mitchbux Posted February 7, 2008 Report Share Posted February 7, 2008 I've got to go out!!!!! Can someone post the result for 135 for me. Thanks. Quote Link to post Share on other sites
ScaredEitherWay Posted February 7, 2008 Report Share Posted February 7, 2008 Lot 132: Sold £77,500 Flat 3, Vaughan House, 23 Vaughan St, Llandudno, Gwynedd, LL30 Bought in May 2004 for £95k Quote Link to post Share on other sites
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