Individual house thread

[darkmarket]

UKPropertyLion posted a one-bed flat in London, reduced by £100k to £450k.

https://x.com/UkPropertyLion/status/1755550964294062402

Last sold in 2014 at £723k - a 38% loss if it even achieves the asking price.

BoE stress tests were based on a worst-case scenario of -31%.

https://www.bankofengland.co.uk/stress-testing/2023/bank-of-england-stress-testing-results

 

[Bear Hug]

48 minutes ago, darkmarket said:

UKPropertyLion posted a one-bed flat in London, reduced by £100k to £450k.

https://x.com/UkPropertyLion/status/1755550964294062402

Last sold in 2014 at £723k - a 38% loss if it even achieves the asking price.

BoE stress tests were based on a worst-case scenario of -31%.

https://www.bankofengland.co.uk/stress-testing/2023/bank-of-england-stress-testing-results

 

One bedroom flat? I'd buy it for £72.3k

[darkmarket]

Just now, Bear Hug said:

One bedroom flat? I'd buy it for £72.3k

The leasehold terms are too horrific to display, but you can always revise your offer down a bit later.

[ashestoashes]

you'll be able to go and smell the coffee at the famous de Beauvoir deli

[Boon]

1 hour ago, darkmarket said:

UKPropertyLion posted a one-bed flat in London, reduced by £100k to £450k.

https://x.com/UkPropertyLion/status/1755550964294062402

Last sold in 2014 at £723k - a 38% loss if it even achieves the asking price.

BoE stress tests were based on a worst-case scenario of -31%.

https://www.bankofengland.co.uk/stress-testing/2023/bank-of-england-stress-testing-results

 

If you look at the previous floorplan:

https://www.rightmove.co.uk/house-prices/details/england-130344458-57022932?s=c6ba6d27c6c74b88ffc6206aa75d9a2a022e6050c85b02d2c1740b012eecea49#/floorplan

You can see this was previously a 2-bed over 2 floors but they've sold one floor. So not really a loss as they retain half the property. 

Can't be great though. I guess with conversion costs and all that, their effective price for the 2 flats might be £800k-£850k. Depending on the sell price it could still be a decent loss.

Edited February 8 by Boon

[darkmarket]

3 minutes ago, Boon said:

If you look at the previous floorplan:

https://www.rightmove.co.uk/house-prices/details/england-130344458-57022932?s=c6ba6d27c6c74b88ffc6206aa75d9a2a022e6050c85b02d2c1740b012eecea49#/floorplan

You can see this was previously a 2-bed over 2 floors but they've sold one floor. So not really a loss as they retain half the property. 

Crisis averted, thank heavens.

[Boon]

2 minutes ago, darkmarket said:

Crisis averted, thank heavens.

TBH though some areas will not be as bad as others. 

Something where supply can remain tight and there aren't off-putting nasties in the lease will be ok.

If you're wanting crisis, look at the new builds particularly where there are lots of them concentrated, high service charges, high communal heating costs. 

Something like this still can't sell:

https://www.rightmove.co.uk/properties/136996886#/?channel=RES_BUY

Same price as in 2008.

In some other areas of concentrated supply (Croydon/Deptford/Woolwich) I reckon new builds of 2016 must be around 20% less. Someone I knew remortgaged a new build in 2020 and they increased the valuation of the flat despite no other sales (probably because still in times of loose money and there were no other sales to prove them wrong). 

[darkmarket]

14 minutes ago, Boon said:

TBH though some areas will not be as bad as others. 

Something where supply can remain tight and there aren't off-putting nasties in the lease will be ok.

If you're wanting crisis, look at the new builds particularly where there are lots of them concentrated, high service charges, high communal heating costs. 

Something like this still can't sell:

https://www.rightmove.co.uk/properties/136996886#/?channel=RES_BUY

Same price as in 2008.

In some other areas of concentrated supply (Croydon/Deptford/Woolwich) I reckon new builds of 2016 must be around 20% less. Someone I knew remortgaged a new build in 2020 and they increased the valuation of the flat despite no other sales (probably because still in times of loose money and there were no other sales to prove them wrong). 

Seeing some chunky reductions on new build small flats in Salford recently too, Sancho Panza made a post about a developer there writing down their portfolio but I suspect it's just a sticking plaster. The local government ex machina rescue doesn't seem to be panning out nationwide then.

[One percent]

Apparently the chaviest house. It’s a bit gaudy

https://www.dailymail.co.uk/news/article-13087525/Chaviest-house-RightMove-property-ridiculed-online-horrendous-interior.html

[ashestoashes]

1 hour ago, One percent said:

Apparently the chaviest house. It’s a bit gaudy

https://www.dailymail.co.uk/news/article-13087525/Chaviest-house-RightMove-property-ridiculed-online-horrendous-interior.html

that kitchen chanel rug must be a custom item

[One percent]

10 minutes ago, ashestoashes said:

that kitchen chanel rug must be a custom item

Got same branded stuff in one of the bedrooms.  Maybe it was a job lot from TK.  

[apples]

14 hours ago, ashestoashes said:

that kitchen chanel rug must be a custom item

https://reverlavie.com/product-tag/chanel-rug/

Cheaper (by which I mean less expensive) than I thought.

Don't know why anyone would, mind.

Fuck me, there's seven pages of them. The chavs missed a trick not getting this one:

https://reverlavie.com/product/chanel-logo-hello-kitty-chanel-rug-area-rug-for-living-room/ ($49.95)

[Boon]

16 hours ago, One percent said:

Apparently the chaviest house. It’s a bit gaudy

https://www.dailymail.co.uk/news/article-13087525/Chaviest-house-RightMove-property-ridiculed-online-horrendous-interior.html

Dunno what the problem is, people buy a house empty right?
It would be pretty average once their stuff is removed, like average decor. The front, seems a pointless wall, could pave it all and make a huge drive for 2 or 3 cars.
I have seen worse that is for sure. Like one where the entire colour scheme was black (can't find the link), that would be costly to reverse.

[HousePriceMania]

Can anyone who lives nearby the house please pop in for a viewing and post some photos....

[Wight Flight]

9 hours ago, HousePriceMania said:

Can anyone who lives nearby the house please pop in for a viewing and post some photos....

That has to be the smartest way to get people to go and view in person I have ever seen.

[darkmarket]

A couple of Edinburgh one-bed flats here at a price level somebody mentioned you don't see too often these days, maybe @ccc.

https://www.zoopla.co.uk/for-sale/details/65724602/

Listed 2/10/23 at 160k, gradually down to 143k.

https://www.zoopla.co.uk/for-sale/details/66039455/

Same landlord. Last sold 20/5/22 at 167.5k. Listed 16/11/23 at 180k, gradually down to 145k.

Not sure if they have more on top, sign of the times anyway.

[JoeDavola]

I remember a while ago a few of us agreed that a 2 bed detached bungalow with a big garden would be perfect for mosst people without kids but it's something you rarely see.

This comes close:

https://www.propertypal.com/13-bryansford-meadow-bangor/930870/slideshow

Downsides are that there's a train track at the end of the garden and I suspect the gaff is just slightly too small though still plenty for me on my own.

The area this one is in is handier for me for a couple of reasons but I think they fucked up knocking basically 4 rooms into one area without doors which would make it a bastard to heat I reckon:

https://www.propertypal.com/11-downshire-drive-carrickfergus/927653/slideshow

[ashestoashes]

29 minutes ago, JoeDavola said:

I remember a while ago a few of us agreed that a 2 bed detached bungalow with a big garden would be perfect for mosst people without kids but it's something you rarely see.

This comes close:

https://www.propertypal.com/13-bryansford-meadow-bangor/930870/slideshow

Downsides are that there's a train track at the end of the garden and I suspect the gaff is just slightly too small though still plenty for me on my own.

The area this one is in is handier for me for a couple of reasons but I think they fucked up knocking basically 4 rooms into one area without doors which would make it a bastard to heat I reckon:

https://www.propertypal.com/11-downshire-drive-carrickfergus/927653/slideshow

train might not be too bad depends on earliest/latest and frequency

the second one is better, trivial to rebuild walls/partition to be better for heating, especially the conservatory

[Democorruptcy]

56 minutes ago, JoeDavola said:

The area this one is in is handier for me for a couple of reasons but I think they fucked up knocking basically 4 rooms into one area without doors which would make it a bastard to heat I reckon:

https://www.propertypal.com/11-downshire-drive-carrickfergus/927653/slideshow

If you didn't want to go to the expense of wooden/glass doors yet, for now you could stick something like this in

https://www.ebay.co.uk/itm/394024556089?

[Wight Flight]

This is interesting ..

https://www.rightmove.co.uk/properties/144498905?

[Frank Hovis]

4 minutes ago, Wight Flight said:

This is interesting ..

https://www.rightmove.co.uk/properties/144498905?

 

It's less bad than it appears as that stair only goes to what appears to be a very lazy roof terrace. I doubt that the terrace would be in regular use unless your weather is considerably better than here.

 

leading onto another bathroom and stair leading upto the very private and idellic roof terrance. 

 

Very nice 

[Wight Flight]

14 minutes ago, Frank Hovis said:

 

It's less bad than it appears as that stair only goes to what appears to be a very lazy roof terrace. I doubt that the terrace would be in regular use unless your weather is considerably better than here.

 

leading onto another bathroom and stair leading upto the very private and idellic roof terrance. 

 

Very nice 

I know. Just looked odd at first sight.

The question is, having had a few beers on the roof terrace, how tempting would it be to try and have a piss without going down the stairs?

[Frank Hovis]

Castle - 32 rooms and fifteen acres, £800k guide. Auction tomorrow I think.

Some fire damage.

https://www.rightmove.co.uk/properties/144060245#/?channel=RES_BUY

 

[Bobthebuilder]

6 hours ago, Wight Flight said:

I know. Just looked odd at first sight.

The question is, having had a few beers on the roof terrace, how tempting would it be to try and have a piss without going down the stairs?

Right next to the drains air vent, so you can smell your own shit while drinking the beer. Lovely.

[onlyme]

On 18/02/2024 at 17:32, JoeDavola said:

I remember a while ago a few of us agreed that a 2 bed detached bungalow with a big garden would be perfect for mosst people without kids but it's something you rarely see.

This comes close:

https://www.propertypal.com/13-bryansford-meadow-bangor/930870/slideshow

Downsides are that there's a train track at the end of the garden and I suspect the gaff is just slightly too small though still plenty for me on my own.

The area this one is in is handier for me for a couple of reasons but I think they fucked up knocking basically 4 rooms into one area without doors which would make it a bastard to heat I reckon:

https://www.propertypal.com/11-downshire-drive-carrickfergus/927653/slideshow

Opening out to the conservatory is a stupid idea - that needs closure of some sort from the room, otherwise probably not as bad as you think, few houses have rooms stone cold and others for living in warm in the winter.