Wednesday, January 7, 2009

15.8% More like 55%

Star Mill Cottage

I've been watching house prices in West Wales for 5 years. This little gem would have gone for £150k at the peak. Under offer at £66k today.

Posted by the newdoctorwho @ 10:49 AM (1177 views)
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8 thoughts on “15.8% More like 55%

  • Interesting.

    Is it fire proof ?

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  • Thats lovely…………Where is the nearest Tesco?

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  • The Newdoctorwho says:

    Click here for the Tesco Stores. Probably furthest point in Wales from a Tesco!

    Map of Tesco Stores

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  • Titanic – you know me ;-).

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  • Why would anyone want to make an offer on a house being advertised thru an agent that so blatantly tries to undermine any offer you make by encouraging anyone to gazump you:

    ” now in receipt of an offer …. ANYONE WISHING TO PLACE AN OFFER ON THE PROPERTY SHOULD CONTACT …”

    Estate agent scum. I am taking great pleasure in watching them go under.

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  • @7 inbreda.

    This house must be a repossession. When an estate agent receives an offer on a repossessed property it is has to advertise the offer until the exchange of contracts to get the best possible price for the bank, its the law I think.

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  • It looks like a repo to me. The unfinished refurbishment (probably gutted inside) and half built extension (building regs?) gives that impression. Inbreda – Agents often invite better offers when selling repos by private treaty – it scotches possible accusations of the house being undersold.

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  • 11. titaniccaptain said…”That particular property has been on the market like that for some time…………just the price has changed alot”

    Could still be a repo – I’ve seen cases where props were on the market for ages where vendors couldn’t sell – then repo’d and marketed at a more realistic price.

    Check for the tape over the WC and sink saying ‘system drained down’. Also, quite often there is a sheet of paper lying around signed by visitors stating purpose of visit. You can see who’s been valuing it, and which agent has been doing periodic inspections/viewings.

    Of course it could be a private sale and the vendor is just desperate.

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