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FTBagain

Biggest Single Price Drop -26% On Property Bee

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I originally posted this on the 'your area' forum, but thought it would be interesting to find out if anyone else has seen any thing similar.

This particular property represents the biggest drop in price I have seen yet.

http://www.rightmove.co.uk/viewdetails-906...=1&tr_t=buy

From property bee...

2nd Apr 2008

* Price changed: from '£295,000' to '£275,000

- 7%

3rd May 2008

* Price changed: from '£275,000' to 'Offers in Excess of £250,000'

- 9%

19th July

* Price changed: from 'Offers in Excess of £250,000' to 'Offers in Region of £185,000'

- 26%

Biggest single drop yet.

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I originally posted this on the 'your area' forum, but thought it would be interesting to find out if anyone else has seen any thing similar.

This particular property represents the biggest drop in price I have seen yet.

I have this one, but could be spurious which is down 46.2%: http://www.rightmove.co.uk/viewdetails-146...=7&tr_t=buy

That said it is a flat, so could be possible.

History

date event

3rd Jul 2008 22:02:42

* Agent found: August Blake

* Agents Address found: Delahays Drive, Hale, WA15

* Agents Location found: The Residence

3rd Jul 2008 07:19:17

* Brief Description changed: The Residence is the height of designer luxury offering 6 apartments and two penthouses in the heart of the village of Hale. The Residence, Hale, has been created to meet the demands of those who refuse to compromise on style, location and luxury. The Residence combines all these requirements and offers something more. This is contemporary designer living at its finest. With a specification to rival a designer shopping list The Residence is the ultimate in chic Cheshire living. on a spectacular scale. [Found by newuser]

1st May 2008 23:06:56

* Price changed: from '£1,850,000' to '£995,000' [Found by newuser]

3rd Mar 2008 10:15:11

* Status found: New home [Found by newuser]

26th Jan 2008 04:35:11

* Brief Description found: The Residence is the height of designer luxury offering 6 apartments and two penthouses in the heart of the village of Hale. This is contemporary living at its finest. With a specification to rival a ... [Found by newuser]

* Subtitle found: 3 bedroom penthouse [Found by newuser]

6th Jan 2008 00:00:00

* Price found: £1,850,000 [Found by beerhunter]

Edited by mikelivingstone

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There's one in Lyme Regis that's dropped 27% since last summer.

Originally on at £269K, (might even have been £269,950) reduced via £249K to £200K, then U/O, subsequently on sale again at £195K.

Now U/O again.

Shall be watching to see if it goes through this time.

Potentially nice period house not far from seafront but needing work and no usable outside space.

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This one though is real, down 34.5%. The flat I mentioned above shows as down 46.2%

http://www.rightmove.co.uk/viewdetails-214...98&tr_t=buy

History

date event

19th Jul 2008 14:08:12

* Agents Address found: 29-35 Lordship Lane, London, SE22 8EW

19th Jul 2008 12:10:24

* Price changed: from '£1,099,950' to '£850,000'

6th Jun 2008 09:55:19

* Price changed: from '£1,299,500' to '£1,099,950' [Found by Tamerlane1012000]

27th May 2008 19:43:14

* Agent found: Foxtons

* Agents Location found: Dulwich

23rd May 2008 09:32:59

* Brief Description found: A charming, well presented four bedroomed house, in excellent condition throughout, boasting a bright and airy conservatory, off-street parking and generously sized garden. [Found by Tamerlane1012000]

* Price found: £1,299,500 [Found by Tamerlane1012000]

* Status found: Available [Found by Tamerlane1012000]

* Subtitle found: 4 bedroom house [Found by Tamerlane1012000]

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Then there is this one, at 50% off. I think the £5m must have been a bit optimistic.

http://www.rightmove.co.uk/viewdetails-162...=7&tr_t=buy

date event

19th Jul 2008 14:10:38

* Status changed: from 'New home' to 'Available'

21st Jun 2008 20:08:21

* Agents Address found: 8 High Street, Cobham, KT11 3DY

* Price changed: from '£4,600,000' to '£2,500,000'

9th Mar 2008 19:21:50

* Price changed: from '£5,000,000' to '£4,600,000'

5th Mar 2008 17:58:16

* Agent found: Gascoigne Billinghurst

* Agents Location found: Cobham

12th Feb 2008 19:30:08

* Status found: New home [Found by sbn]

21st Jan 2008 22:57:54

* Brief Description found: COMING SOON - Situated in the sought after Fairmile area of Cobham, this superb home will have 8,000 sq ft of accommodation in a good size plot. The property will consist of a stylish exterior in whic... [Found by THEUKCRASH]

* Subtitle found: 6 bedroom detached [Found by THEUKCRASH]

6th Jan 2008 00:00:00

* Price found: £5,000,000 [Found by THEUKCRASH]

Edited by mikelivingstone

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-1Million

Sat Jul 19 11:38:16 2008

* Brief Description changed: This beautifully appointed and bespoke built home sits on a plot of almost an acre. Set behind a commanding frontage in the heart of Mill Hill, the stylish living and entertaining space connects seamlessly to a substantial self contained annex. There is also an all weather tennis court.

* Price changed: £5,500,000 Offers in Excess of £4,500,000

Edited by johnpope

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I posted this on the Property Bee thread yesterday

DA14

North Cray Road.

Price reduced fron £2,900,000 to£1,300,000

Has stables and carp pond.

Well your winning so far. -55% (I think it might be 100K a carp and the carp have got some fatal fish disease - no doubt cross-speicies-transfer from the horses)

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The interestings thing is that there appear to be more big drops at the very top end of the market. Rich bankers getting hit perchance?

What about the more 'average' 3 bed property. These appear to be quite 'sticky'.

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The interestings thing is that there appear to be more big drops at the very top end of the market. Rich bankers getting hit perchance?

What about the more 'average' 3 bed property. These appear to be quite 'sticky'.

No I'm seeing them drop about 20-25% (property bee I love you) - they just aren't as exciting as loosing a mill.

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No I'm seeing them drop about 20-25% (property bee I love you) - they just aren't as exciting as loosing a mill.

Out of interest, where abouts?

In Bath 3 beds tend to go for silly money £200k to £350k. I am seeing drops up only about £10k or so. On say £250k that's miserly.

Edited by FTBagain

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Best I can find on a modest house in my area.

Crayford DA1

27-02-08 price range £185,000 to £200,000

today from £160,000

PS how do you post a link to a Right Move page? cant seem to get my head around it. Perhaps a young person could do me a fovour and explain please. I would be most grateful.

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Best I can find on a modest house in my area.

Crayford DA1

27-02-08 price range £185,000 to £200,000

today from £160,000

PS how do you post a link to a Right Move page? cant seem to get my head around it. Perhaps a young person could do me a fovour and explain please. I would be most grateful.

When you are on Rightmove (or any site you want to link to) when you are on the page you want to link - right click in the address bar and select 'Copy'. (The address bar the place where the web site address is displayed ... it will look like 'http://www.rightmove.co.uk/viewdetails-20572244.rsp?pa_n=1&tr_t=buy')

Then, back on this site ...

If you look above the area where you are typing, you will see two rows of controls.

Click the 6th one in from the left in the second row (green with a '+' sign showing)

A window opens where you post the link. You have just copied the link when you were on Rightmove so, click in the box and use 'control v' to paste the link you have just copied.

Click OK and the window refreshes and invites you to give the link a name. You could type 'look at this house for example' and this is what other users will see as a link. If you don't enter anything the address is displayed as the link.

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Shepton Mallet; 2 bedroom terraced; £89,950; (£-50,000)

River View, Litton Mill, Buxton; 2 bedroom flat; £185,000; (£-114,995)

PUB FOR SALE - Elm Tree , Sheffield, South Yorkshire; Commercial Property; £395,000; (£-255,000)

Thrybergh Hall Road, Rawmarsh, Rotherham; 3 bedroom semi-detached; Guide Price £50,000; (£-32,725)

Welland Crescent, Elsecar, Barnsley, S74; 3 bedroom semi-detached; Guide Price £20,000; (£-15,995)

New Hey Road, Lindley, Huddersfield; 2 bedroom flat; £90,000; (£-45,000)

Higher Fraddon, Fraddon; 5 bedroom detached; £230,000; (£-110,000)

5, Pentland Road, Dronfield; 3 bedroom semi-detached; Guide Price £110,000; (£-44,950)

Fairholme & Dakini Cottage Chelmorton, Buxton, SK17 9SL; 3 bedroom cottage; Offers in Excess of £350,000; (£-149,995)

Waldegrave Road, Strawberry Hill; 5 bedroom house; £875,000; (£-375,000)

At the other end of the spectrum:

1 Butts Road, Bakewell; 3 bedroom house; £440,000; (£115,000)

Cassemere House, 30 Heaton Road, Gledholt, Huddersfield, HD1 4HZ; 6 bedroom detached; Offers in Region of £525,000; (£90,000)

Grove Road, WAKEFIELD; 1 bedroom flat; £106,000; (£17,000)

Hereford; 6 bedroom detached; £895,000; (£145,000)

Derby Road, Matlock Bath, Matlock, DE4; 4 bedroom house; £259,950; (£34,950)

East House, 3 Whitehill Lane, Catcliffe, Rotherham, South Yorkshire; 4 bedroom detached; Offers in Region of £229,950; (£30,000)

Edited by ChumpusRex

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The interestings thing is that there appear to be more big drops at the very top end of the market. Rich bankers getting hit perchance?

What about the more 'average' 3 bed property. These appear to be quite 'sticky'.

There was always more froth at the top end.

If a house sells for £5m, it could be worth £3m the next day, quite literally. The guy the paid £5m bought it to please his ego.

Will someone else want the house for the same reason?

That said I am seeing equally large percentage drops for properties just over £1m. I think a few sellers just had to have the feeling that their home was worth more than a million. Its just Mr Market says no!

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That does not work. As you'll see if you look at my post. I posted a link directly just to show what the link looks like and, as you'll see, it pastes as text - not as a hyperlink.

works here see

http://www.rightmove.co.uk/viewdetails-197...=3&tr_t=buy

edit: maybe because you´re using punctuation before the pasting it does not link automatically or maybe it works here because of firefox 3 ...

no idea the only thing i know it does paste directly here if you put it in a seperate line

Edited by tehlam3

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  • 399 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% +
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      • Even
      • up 2.5%
      • up 5%



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