Jump to content
House Price Crash Forum
M21er

Barnard Marcus Property Auction ( National ) 290 Lots

Recommended Posts

Hi

Another snapshot of market sentiment.

This time, it's the Barnard Marcus Auction covering 290 lots. Although the venue is Cafe Royal, London, there are properties from across the country and this should provide us with upto date market sentiment

Generally, London and South East have been holding up reasonably well. The worst affected areas have been the City Centre new build flats in the Midlands ( Nottingham in particular ) and the North. It will be interesting to see whether this trend continues or whether there will be weakening in the London market as a result of restricted mortgage availability.

Links:

Barnard Marcus Auction catalogue ( Pdf Download 8MB )

Barnard Marcus Order of Sale All 290 Lots

Barnard Marcus LiveLink

If you are going to research latest sold prices for your own research, ( HousePrices.co.uk ) perhaps you can post here which areas / lots you are doing to prevent duplication of effort. It would be great if we could cover most of the lots tomorrow.

Happy Viewing

Regards

M21er

Edited by M21er

Share this post


Link to post
Share on other sites

Hi

Original post edited to include LiveLink for today's 10:30am auction

M21er

Edited for spelling

Edited by M21er

Share this post


Link to post
Share on other sites

Lot 14

This is the third time in a row they've tried to flog that P.O.S for 2.6 million.

I think in previous auctions it reached 2.4 million.

This property symolizes why house prices will take a long time to come down - sellers are either too stubborn or plain stupid to sell for even a small discount.

Share this post


Link to post
Share on other sites
Lot 14

This is the third time in a row they've tried to flog that P.O.S for 2.6 million.

I think in previous auctions it reached 2.4 million.

This property symolizes why house prices will take a long time to come down - sellers are either too stubborn or plain stupid to sell for even a small discount.

In some cases, that small discount is the margin of profit, believe it or not. In which case, they didn't do their homework of course.

Share this post


Link to post
Share on other sites
In some cases, that small discount is the margin of profit, believe it or not. In which case, they didn't do their homework of course.

Isnt it better to get out for a small loss rather than take a proper hiding. The only thing saving this vendors **** is the property is in the heart of Kensington and Chelsea.

Can properties in K&C defy the downturn??

Share this post


Link to post
Share on other sites
Isnt it better to get out for a small loss rather than take a proper hiding. The only thing saving this vendors **** is the property is in the heart of Kensington and Chelsea.

Can properties in K&C defy the downturn??

Lot 3 a place in Docklands, sold for £208K, that's 18K over guide price. :angry:

The next lot in NW10 sold for nearly 30% over guide (a boarded up house). :((( Nearly £400K !!!!

Not looking like a slump in London is it.

:(

Share this post


Link to post
Share on other sites
Lot 3 a place in Docklands, sold for £208K, that's 18K over guide price. :angry:

The next lot in NW10 sold for nearly 30% over guide (a boarded up house). :((( Nearly £400K !!!!

Not looking like a slump in London is it.

:(

You don't know that they sold. They might have taken "bids from the wall" up to reserve.

Share this post


Link to post
Share on other sites

Auction fever![/color]

They're selling for the guide price plus 20% at the mo.

No sign of a crash at the moment in Gtr London if this is a gauge.

So, what now ?

Or should I say, so weak !

Share this post


Link to post
Share on other sites
Lot 7: Unsold £227,000

I quite like that style of house, I used to live near some like that, but I wouldn't pay 227k for that either.

Share this post


Link to post
Share on other sites
Yeah really.

Been to many auctions? :rolleyes:

I'll grasp at that straw of hope then Dom and hope you're right.

Hammersmith W6 next, this will be a bellweather...

Edited by The Last Bear

Share this post


Link to post
Share on other sites
But if it doesn't meet the reserve then it doesn't sell?

In theory yes absolutely.

Lot 9 and 10 unsold above guide prices.

I would guess that the auctioneers, seeing that few products sell, used considerably lowered guide prices to generate interest but that these are still below vendors' expectations.

If that was the case it would mean those results are pretty bad wouldn't it?

Share this post


Link to post
Share on other sites

You can expect the auctioneers to start insisting that sellers adopt sensible reserves: they have to make their money somewhere after all.

But not just yet...

Share this post


Link to post
Share on other sites
Lot 14

This is the third time in a row they've tried to flog that P.O.S for 2.6 million.

I think in previous auctions it reached 2.4 million.

This property symolizes why house prices will take a long time to come down - sellers are either too stubborn or plain stupid to sell for even a small discount.

Unsold at £2.83m!! How much do they want for it?

Share this post


Link to post
Share on other sites
Lot 3 a place in Docklands, sold for £208K, that's 18K over guide price. :angry:

The next lot in NW10 sold for nearly 30% over guide (a boarded up house). :((( Nearly £400K !!!!

Not looking like a slump in London is it.

:(

There are 3 identical properties to Lot3 (Fusion building E140EF) currently on rightmove for 190k. Why pay so much at auction for a repo? The buyer must be thick.

Share this post


Link to post
Share on other sites

Lot 14, tiny little unimpressive house in Chelsea unsold at 2.8m. I don't believe for a minute there was any real bid on that lot.

Share this post


Link to post
Share on other sites
There are 3 identical properties to Lot3 (Fusion building E140EF) currently on rightmove for 190k. Why pay so much at auction for a repo? The buyer must be thick.

It does beg the question if these auction houses are actually above board or a cover for money laundering.

Share this post


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.

  • 298 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%



×
×
  • 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.