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I want to see if this can become a bloodbath thread as we watch some prices get slashed in Ipswich. So to start:

Elm Street

2 Bed

Reduced from £131,500 to £119,995

http://www.rightmove.co.uk/viewdetails-164...30&tr_t=buy

1 Bed

Reduced from £121,000 to £112,500

http://www.rightmove.co.uk/viewdetails-164...22&tr_t=buy

Spencers Court

2 Bed

Reduced from £124,995 to £119,995

http://www.rightmove.co.uk/viewdetails-192...30&tr_t=buy

Mariner's Court

1 Bed

No reductions but £500 towards legal fees and £5000 towards furniture

http://www.rightmove.co.uk/viewdetails-999...25&tr_t=buy

Churchmans House

1 Bed

Reduced from £138,646 to £114,950 (not a typo)

http://www.rightmove.co.uk/viewdetails-841...24&tr_t=buy

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:D Just the title "bloodbath thread" wins it for me!

I'm pretty sure the price slashing is well under way now...

Are you running property bee to get the reductions? If so, how well/quickly are things moving?

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:D Just the title "bloodbath thread" wins it for me!

I'm pretty sure the price slashing is well under way now...

Are you running property bee to get the reductions? If so, how well/quickly are things moving?

Been running Property Bee for a month now. Rather gutted that I didn't put it in sooner. It's not just good at telling you which prices are dropping but how long some properties have been on the market.

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Modus, Duke Street

2 Bedroom Shared Ownership

120,000 to 108,000 AND 5% deposit paid

http://www.rightmove.co.uk/viewdetails-848...14&tr_t=buy

1 Bedroom Shared Ownership

103,000 to 95,000 AND 5% deposit paid

http://www.rightmove.co.uk/viewdetails-905...16&tr_t=buy

2 Bedroom Shared Ownership (50%)

60,000 to 55,000 AND 5% deposit paid

http://www.rightmove.co.uk/viewdetails-848...16&tr_t=buy

(That's just a sample of this particular open wound)

Elm Street (again)

1 Bedroom

£110,500' to £99,995 (BUT Losing 5% deposit paid)

http://www.rightmove.co.uk/viewdetails-999...15&tr_t=buy

For the sake of completeness I've also found a couple of increases:

Regatta Quay

1 Bed Flat

139,000 to 159,000

http://www.rightmove.co.uk/viewdetails-199...=5&tr_t=buy

Pownall Road

1 Bed Retirement Flat

£122,000 to £124,995

http://www.rightmove.co.uk/viewdetails-164...11&tr_t=buy

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From the Norfolk and Norwich Auctions thread - a couple in Ipswich in the auction tomorrow - the stats already look good on them - don't know how new build they are though...

Flat 24, Revetts Building, 59 Norwich Road, Ipswich IP1 2EP –

Sold 26th August 2005 £275,000

Sold 21st November 2005 £250,000

Guide Price April 2008 - £125,000

Flat 23 is also on with a GP £125k

I'd say a £25,000 loss in 3 months in 2005 is good going, £125,000 loss (if it sells for GP) in 29 months is still over £4,000 per month loss :o

Edited by waitingandsaving

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And add this:

Ipswich Waterfront

http://www.rightmove.co.uk/viewdetails-186...=5&tr_t=buy

Price changed: from '£175,995' to '£149,995'

I've been avoiding shared ownership but this is too good:

Modus, Duke Street, Ipswich, IP3

http://www.rightmove.co.uk/viewdetails-848...10&tr_t=buy

Price changed: from 'Shared ownership £108,000' to 'Shared ownership £55,000'

Edited by IP Newcomer

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Three from Barretts, all at Foxgrove Gardens, Celestion Drive, Ipswich, IP3:

Four bedroom house

http://www.rightmove.co.uk/viewdetails-189...=1&tr_t=buy

Price changed: from 'From £215,000' to 'From £199,995'

Two bed apartment

http://www.rightmove.co.uk/viewdetails-189...=1&tr_t=buy

Price changed: from 'From £135,000' to 'From £119,995'

Two bed apartment

http://www.rightmove.co.uk/viewdetails-189...=1&tr_t=buy

Price changed: from 'From £135,000' to 'From £114,995'

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The Vista development is also having some trouble. They claim that the prices are "Easybuy" prices, whatever that means:

1 bed flat

http://www.rightmove.co.uk/viewdetails-101...=3&tr_t=buy

Price changed: from 'From £107,500' to '£80,625'

However... Property Bee tells me that on 5th June the property came down from £112,500 - 28% cut

Another 1 bed flat:

http://www.rightmove.co.uk/viewdetails-100...=4&tr_t=buy

Price changed: from 'From £110,000' to '£82,500'

..previously at £115,000 - also a 28% cut

For the sake of completeness I also give you:

1 bed flat, regatta quay

http://www.rightmove.co.uk/viewdetails-199...=5&tr_t=buy

Price changed: from 'From £119,000' to 'From £108,995'

I'm deliberately limiting this to apartments, although quite a few new build houses are also suffering.

2 bed house, Blakenham Park

http://www.rightmove.co.uk/viewdetails-531...14&tr_t=buy

Price changed: from '£156,000' to '£149,500'

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  • 294 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%



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