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Biggest price cut yet in WC1
neverdespairgirl
Posts: 16,501 Forumite
This is the biggest price cut I've seen yet in WC1 - from £2 million to £1.5 million, 25% off in one go. Sounds like a motivated seller.
http://www.rightmove.co.uk/viewdetails-17820664.rsp?pa_n=3&tr_t=buy&mam_disp=true
http://www.rightmove.co.uk/viewdetails-17820664.rsp?pa_n=3&tr_t=buy&mam_disp=true
...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
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neverdespairgirl wrote: »This is the biggest price cut I've seen yet in WC1 - from £2 million to £1.5 million, 25% off in one go. Sounds like a motivated seller.
http://www.rightmove.co.uk/viewdetails-17820664.rsp?pa_n=3&tr_t=buy&mam_disp=true
Either that or a desperate seller, i wonder how much they paid for it? its a lovely big house 7 bed roomed.
confusedI am not a Mortgage AdviserYou should note that this site doesn't check my status as not being a Mortgage Adviser, so you need to take my word for it. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
It's been on the market since April, so I reckon they are getting fed up.
They must have owned it since before 2000, because the only 3 places listed as sold on that road since then are leasehold flats....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Nice house.
The brochure says it needs refurbishment... so perhaps the owner is asset rich but cash poor?
The brochure also says it's in Islington - I've just checked WC1 on Wikipedia, "although a small part towards the east is within the London Borough of Islington." Perhaps that sounds dumb but is it near Bloomsbury?
Checking WC1 on Rightmove, hopefully the reduction will help put some further downward pressure on sellers who have apartments listed near that price.0 -
Terraced house for £1.5m?
My in-laws up north still be chuckling
These guys are still hoping to make a big profit on their original purchase.0 -
Looks like a nice house...then i stumbled across the energy performance :eek:
Judging by how freezing it is in my house at the moment that has got to be the last thing i want to see...:rotfl:0 -
The brochure also says it's in Islington - I've just checked WC1 on Wikipedia, "although a small part towards the east is within the London Borough of Islington." Perhaps that sounds dumb but is it near Bloomsbury?
It's in Prideux Place, which is just east of King's Cross Road. Camden's eastern limit in that section is KC Road, so it's just in Islingto, by maybe 100 - 150 yards or so.
It's east of Bloomsbury - if you walked west from Prideux Place, you would fetch up in Bloomsbury, and if you walked south-west you'd end up in Holborn.North west would land you need King's Cross / St Pancras, east is Roseberry Avenue, Saddler's Wells, and Finsbury and north-east is Islington proper....much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Looks like a nice house...then i stumbled across the energy performance :eek:
Judging by how freezing it is in my house at the moment that has got to be the last thing i want to see...:rotfl:
It says it needs refurbishing, so I reckon that must include insulating (-:...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
baby_boomer wrote: »Terraced house for £1.5m?
My in-laws up north still be chuckling
That's nothing, have a look at this terrace in WC1 up for £15 million!
http://www.rightmove.co.uk/viewdetails-23096393.rsp?pa_n=1&tr_t=buy...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
Beautiful isnt it. But very dark in those rooms - nothing a bit of magnolia paint couldnt cure. Id love it
It may well be its been in the family for a very long time. The furnishings arent lavish are they? Cheap chests of drawers in bedroom and rugs plus throws over the sofas. Poor devils probably as said, asset rich income poor.
http://www.rightmove.co.uk/viewdetai...&mam_disp=true
It amused me to find my OH's great grandparents owned a house in Horseferry Road, Westminster in the mid 1800s - hmm, shame they sold that one.0 -
neverdespairgirl wrote: »This is the biggest price cut I've seen yet in WC1 - from £2 million to £1.5 million, 25% off in one go. Sounds like a motivated seller.
http://www.rightmove.co.uk/viewdetails-17820664.rsp?pa_n=3&tr_t=buy&mam_disp=true
that's interesting - normally something with such a price drop would never have hit the market with the new price. an agent would have passed it on to one of their 'friends' for a quick deal and some sort of 'compensation' for giving them the exclusivity. this happens more for investors rather than family homes though.
it probably shows that the market is very slow at that level of property and the demand for them isn't there.0
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