Friday, December 4, 2020

487.5 K to 900K in two months

6 bed detached house for sale

Looking at this house on Zoopla the description says "Requires complete refurbishment". OK, that might be fine then I reached the bottom on the page which says price history. Last sold was 487,500 in Nov 2019. In less than two months the property was put on the market for £900,000 almost double the previous sold price. More story in comments

Posted by deepak @ 05:12 PM (59 views)
Please complete the required fields.



6 thoughts on “487.5 K to 900K in two months

  • So I called the estate agent and asked them, its a Grade II listed building needs a complete refurb, as you have specified in description .
    Please can you let me know what changes were made to the property that accounted for the near doubling of the price? Also when its a listed building it would need approvals as well.

    I have called twice so far and once no one was available, next the call got dropped in the middle of the conversation.

    This is biggest thing to be aware of is the search shows asking price drop of 22.2% but it is still £212,450 or 43.5% higher than a year ago.

    Reply
    Please complete the required fields.



  • Looks like a damp and cold money pit to me

    Reply
    Please complete the required fields.



  • You bet it is. Now twice the price as well.
    Best of central bank policies.

    Reply
    Please complete the required fields.



  • landofconfusion says:

    (Guide)Price is now only £699,950. Quick, buy it now before it crumbles and becomes a vacant lot with PP!

    More seriously though I’ve never really understood the attraction of buying a listed building. OK, if you’ve got serious amounts of cash doing nothing then the architecture often looks nice and could be a decent enough home but is it really worth it given all the hassle, inconvenience and expense?

    Reply
    Please complete the required fields.



  • Looking at the site not for buying but looking at the data for asset deflation.
    Here I was looking to prick the price bubble and asking the agent what was the reason for increase. As expected no one knows and just chancers.

    The last two decades the country has not produced enough for what it spends, The extra money has just come from asset appreciation/bubble and refinanced.

    Reply
    Please complete the required fields.



  • landofconfusion says:

    I’d say the money has or rather is effectively coming from future generations. Decrease the cost of borrowing and you can increase the price. Loosen credit restrictions and you can allow people to borrow more and in turn pay more. One group gets money for nothing whilst the other, let’s call them “Generation Cuck”, voluntarily becomes shoebox-living debt slaves. And almost none of them complain about it.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>