Is London bucking the trend?

neverdespairgirl

Woodyrocks wrote: »

I have never heard of it myself until now and I am sure that is the same for others. Sounds like a really useful monitoring tool though, especially if it works as it should.

It's fantastic.

Not only does it track changes in price, description and status, it uploads the tracks others have made as well. So if you look at a house on Property Bee today, and others looked at it in June, May and March, those changes are all noted as well.

Here is an example, a place for sale in WC1. This is the rightmove link:

http://www.rightmove.co.uk/viewdetails-19755845.rsp?pa_n=7&tr_t=buy

You can see the description now. But because I have Property Bee installed, I also get to see the changes and history:

History

date event

03 May 2008

• Brief Description changed: A rare freehold building currently arranged as bedsits. Could make a lovely family home or continue to be a good investment property. Extending to over 1,500 square feet and within walking distance of Chancery Lane and Kings Cross stations.

27 April 2008

• Price changed: from '£750,000' to '£685,000'

29 March 2008

• Status changed: from 'Under offer' to 'Available'

28 March 2008

• Status changed: from 'Available' to 'Under offer'

18 March 2008

• Status changed: from 'Under offer' to 'Available'

17 March 2008

• Status changed: from 'Available' to 'Under offer'

14 March 2008

• Brief Description changed: UNDER OFFER A rare freehold building currently arranged as bedsits. Could make a lovely family home or continue to be a good investment property. Extending to over 1,500 square feet and within walking distance of Chancery Lane and Kings Cross stations.
• Status changed: from 'Under offer' to 'Available'

12 March 2008

• Status changed: from 'Available' to 'Under offer'
• Status changed: from 'Under offer' to 'Available'
• Status changed: from 'Available' to 'Under offer'

27 February 2008

• Subtitle changed: from '7 bedroom end of terrace' to '7 bedroom house'
• Title changed: King's Kings Cross Road, London, WC1X London

26 February 2008

• Initial entry found.

chewmylegoff

lynzpower wrote: »

I expect "not a lot"

well, the senior ones who earn megabucks will obviously make no difference to the market, but all the lower and mid-tier professional staff who have bought properties in the last 2 years on the basis that they will get a bonus of at least 50% of their salary for the next forever will probably be in some trouble. they unlikely to get repossessed but they're presumably not going to really be able to afford to keep the property.

there also won't be a load of people with a fresh bonus wading in to the market in spring, which has happened for the last six or seven years. people who have had their property on the market for ages without reducing will have to wake up to the fact that they need to reduce.

alternatively, not a lot could also happen.

Woodyrocks

lynzpower wrote: »

You need to run it on firefox, if you are trying to run it on IE it wont work ( says the bitter voice of experience who tried for far too long on IE)

Woodyrocks- you wanna have a look whats going unsold at auction- I saw a ex la in Peckham unsold for around 50k iirc last month. Check out barnard marcus past auctions- to see whats coming up next month

OMG I could buy that outright :j Lynz, is that for real? I could do with a foot in Peckham, I mean it is almost Dulwich innit

lynzpower

have a look on the back catalogues mate, they are all there online

ps did look like a pretty bad estate from the pics. I like a bargain meself, but i let that one swim by

Woodyrocks

Just had a look at the barnard marcus site and there is a 5bedroom house in Croydon going for 200K! That is a freaking bargain wouldn't you say. Or maybe there is something seriously wrong with it.

Looking at the catalogue now - keeping me from making custard for dessert you are

hethmar

Im on Firefox 3 but no luck still with property bee - Ill try again later.

Are there more London auctioneers on line, Ive been googling but my head is aching now. Many thanks.

Trouble with getting excited about some of these lots is that its strange how the postcode can cover a really good area, e.g. Blackheath but also cover Kidbrooke :eek: ditto parts of Muswell Hill.

lynzpower

Honestly, I dont think there is ANYTHING *wrong* with much of what Ive seen on the auction website tbh.

It all depends if you
a) have the money to spend on a survey if the survey throws up problems to walk away
b) have a mortgage approved in principle
c) have a decent enough sol that can get it through as you have to complete within 28 days
d) that you can sit on your hands and not overbid
e) that you can go and do the viewings, and do a proper assessment of the property instead of walking round thinking "bargain"

lynzpower

google for "binstock" I cant remember the full name but for some reason BINSTOCK always makes me remember :rolleyes:

hethmar

Perhaps we should form a syndicate and buy a few of these bargains, lol. Wonder if the market will really go down the pan in the next year or so though. Id love Muswell Hill area but even rubbish little flats are nearly £200k.

lynzpower

ooh another one is Andrew robertson they do london auctions EDIT - linky http://www.a-r.co.uk/CatalogueOnline.aspx
Edit again- guide prices not much different to normal APs tbh?

Muswell hill is nice & all , but a shlep to tube. I did notice when I drove through the other day that there were a few shops closing down though