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Live Auction - Midday Today

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I'm interested in this auction because there's a property for sale in my home town of Luton which appeared on a Rightmove search within my budget:

http://www.rightmove.co.uk/viewdetails-221...=1&tr_t=buy - Lot 55

Lot details here: http://www.eigroup.co.uk/auctioneers/templ...=539&c=hah#

You'll be able to view the auction live here at 12: http://www.eigroup.co.uk/onlineauctions/lo...auctionid=10685

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Lot 3: Unsold £90,000



Empire Court, 202, North End Road, Brent, Wembley, Greater London, HA9 0AJ

Lot 5: No Bids



2 Culverin Court, Flat 11, Hornsey Street, Islington, London, Greater London, N7 8HE


Lot 10: No Bids



15a, Flat 1, Kynaston Road, Croydon, Thornton Heath, Greater London, CR7 7AZ

Edited by no room at the inn
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During a crash flats become very hard to move as FTB's will leap frog that part of the market.

Since many of these properties are re listed from last month then i can only guess the owners agreed to lower the asking price but it looks like it's too late and no bidder are biteing :lol::lol::lol:

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Just for fun lets see who gets close to the final bid for lot 39

it's a 4 bed detached in basildon, Essex

i'll start at 235k $shit make that 220k

if it's no bid then all bets are off

I was looking at these in '96, they were around £120k then. Don't think we will ever see those days again, but who knows.

(I didn't miss out though, I bought something better, for far less. Great days).

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I'll go 202,000 unsold...

Yes i agree it will go un sold and more than likly below my bid.

Who was so stupid as to buy lot 26 at 136k

Looks like it's getting worse each month but give it time and all these properties will sell just not at todays aution price.

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220k must still be about 7 X Local average income

Probably very true, but this overlooks the excellent transport links to the city.

Langdon Hills is close to Basildon, but is actually part of Laindon. I know a number of people on 6 figure sallaries that commute to the City from Langdon Hills (around 25 to 30 mins I seem to recall).

However, schooling is poor, that is what put me off the area.

Hope this helps.

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