London Has Peaked

danothy

Bubble_and_Squeak wrote: »

i wonder if the owner of number 58 moselle avenue agrees with dannys pricing methods

http://www.rightmove.co.uk/property-for-sale/property-32529018.html

Okay, lets do a little autopsy on this one. The house in question is the white one. This can be confirmed by the third picture in which the two red doors across the street can be seen out of the window. The shape of the window does not match the end of terrace.

https://www.google.co.uk/maps/@51.5970683,-0.104662,3a,75y,121.62h,79.91t/data=!3m4!1e1!3m2!1s5_jG63LHUCYvrFezrhVzqw!2e0

Counting back from further up the road where house numbers are visible makes this property number 60, and the end terrace adjoined to it 58.

From the Land Registry data we can see that the following sales for 58 took place:

• 2007-12-14 - £248,000
• 2013-10-31 - £281,000 (+ £33,000)
• 2014-06-05 - £405,000 (+£124,000)

The following sales are also listed for 60, the currently listed property:

• 2007-07-27 - £230,000
• 2012-03-22 - £242,000 (+ £12,000)

And an asking price of:

• 2014-10-08 - £365,000 (+£123,000)

PURE EVIDENCE THAT PRICES ARE DROPPING OF A CLIFF FACE IF I'VE EVER SEEN IT!

Lets add this into the mix. A graph of all the sales recorded in Moselle Avenue. The big red X is the asking price of the currently listed property:


It's plainly obvious that the comparison you are trying to make, that £365k is less than the previous sale of £405k, is total cherry picking. £365k, if achieved, would be the second highest sale price ever achieved on the avenue, by quite a margin.

Bubble_and_Squeak

It's plainly obvious that the comparison you are trying to make, that £365k is less than the previous sale of £405k, is total cherry picking. £365k, if achieved, would be the second highest sale price ever achieved on the avenue, by quite a margin.[/QUOTE]

if being the operative word

Bubble_and_Squeak

In_For_A_Penny wrote: »

58 looks like it was an end terrace. Are you trying to say that should be exactly the same as a mid-terrace house on the same street?

I'm really struggling to follow your logic (if thats what it is)

the more expensive one is smaller, no?
looks like the EA knows the first one sold at the peak and didn't bother with kite flying as the market has turned.
of course, another bomad bidding war may take place and push the price on that street even higher. i doubt it, though.

Bubble_and_Squeak

ooo this is an exciting one
they're going for the WORLD RECORD

http://www.rightmove.co.uk/property-for-sale/property-32326143.html

first attempt to hook the bomads in at £425k failed
lets try again at £400k!

danothy

Bubble_and_Squeak wrote: »

if being the operative word

It could sell for £50k less than asking price and still be indicative of price rises in the street!

I love how we are conveniently overlooking the other property listed on Rightmove on Moselle Avenue for a paltry £434,950:
http://www.rightmove.co.uk/property-for-sale/property-31502136.html

danothy

Bubble_and_Squeak wrote: »

the more expensive one is smaller, no?

Is this another one of your informed facts? End terrace houses command a premium because they have one less neighbour to worry about, and are typically bigger/have more garden.

Bubble_and_Squeak wrote: »

looks like the EA knows the first one sold at the peak and didn't bother with kite flying as the market has turned.
of course, another bomad bidding war may take place and push the price on that street even higher. i doubt it, though.

I can't tell if this is sophistry or supplication. You're attached to some really flawed ideas. That different houses are somehow similarly valuable, that the price of a house is agreed before it's actually agreed, that you treat asking prices as indicators of value when it suits you, but are only "ifs" when they don't; these are all cognitive nonsense.

padington

What did Halifax say about London prices, anyone know ?

Bubble_and_Squeak

danothy wrote: »

It could sell for £50k less than asking price and still be indicative of price rises in the street!

I love how we are conveniently overlooking the other property listed on Rightmove on Moselle Avenue for a paltry £434,950:
http://www.rightmove.co.uk/property-for-sale/property-31502136.html

ha!
missed this one
they've done an ian in decor terms
notice how they cut the price when it failed to sell
then put it back up again

Bubble_and_Squeak

danothy wrote: »

Is this another one of your informed facts? End terrace houses command a premium because they have one less neighbour to worry about, and are typically bigger/have more garden.



I can't tell if this is sophistry or supplication. You're attached to some really flawed ideas. That different houses are somehow similarly valuable, that the price of a house is agreed before it's actually agreed, that you treat asking prices as indicators of value when it suits you, but are only "ifs" when they don't; these are all cognitive nonsense.

not in this case

ukcarper

Bubble_and_Squeak wrote: »

the more expensive one is smaller, no?
looks like the EA knows the first one sold at the peak and didn't bother with kite flying as the market has turned.
of course, another bomad bidding war may take place and push the price on that street even higher. i doubt it, though.

Smaller slightly but end of terrace in in better condition.