House price crash? What house price crash?

kellyn1201

Those of you with Property Bee will love this one. Went on the market in February 2008, and has since had the price increased by 350% :eek: !!!!!! are they thinking??

http://www.rightmove.co.uk/property-for-sale/property-7325085.html?

Running_Horse

They would love this on the house price forum.

Gwhiz

That's actually quite funny. If I offer them £3m do you think they'd be interested?

kellyn1201

Running_Horse wrote: »

They would love this on the house price forum.

Sorry, thought some might find it amusing. I'll post it over there instead.

poppysarah

When I was previously looking 5-6 yrs ago there was a house we wanted to look at which put it's price up (starting at 120 ... in stages to about 160) again and again and again. We never got a viewing and in the end bought where we are now.
That house is up for sale for 220k again recently. It's never sold but clearly some delusional fool things it's worth it.
http://www.rightmove.co.uk/property-for-sale/property-26364119.html
Utterly barking mad. *and yes it had that extension before, and one of the bedrooms is downstairs)

PasturesNew

Prices crashed so much, you now get the whole village thrown in with the higher price.

kellyn1201

Gwhiz wrote: »

That's actually quite funny. If I offer them £3m do you think they'd be interested?

Probably not, a 350% increase every three months would mean the price was somewhere near £4billion by now. I wonder how many viewings they've had?

kellyn1201

poppysarah wrote: »

When I was previously looking 5-6 yrs ago there was a house we wanted to look at which put it's price up (starting at 120 ... in stages to about 160) again and again and again. We never got a viewing and in the end bought where we are now.
That house is up for sale for 220k again recently. It's never sold but clearly some delusional fool things it's worth it.
http://www.rightmove.co.uk/property-for-sale/property-26364119.html
Utterly barking mad. *and yes it had that extension before, and one of the bedrooms is downstairs)

Maybe these sellers should meet - just imagine

PasturesNew wrote: »

Prices crashed so much, you now get the whole village thrown in with the higher price.

Ah, hadn't thought of that. That surely makes it a bargain :rotfl:

RLH33

The funny thing is that this area is not that expensive and you can get a country manor style house with acres and acres for that sort of price. You can get a whole house in one of the Crescent's just down the road in Bath for a similar price!!

Plus having a Radstock postcode is said by some to knock quite a lot off the house price - of course I couldn't possibly comment!

kellyn1201

RLH33 wrote: »

The funny thing is that this area is not that expensive and you can get a country manor style house with acres and acres for that sort of price. You can get a whole house in one of the Crescent's just down the road in Bath for a similar price!!

Plus having a Radstock postcode is said by some to knock quite a lot off the house price - of course I couldn't possibly comment!

Just out of interest, what do you class as a Radstock postcode? BA3 applies to quite a wide area, my house included I'm assuming you live in Bath which is why you're being snobby about Radstock (I'm joking by the way - even those of us with Radstock postcodes use Bath in the address instead)