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Estate Agents Valuations vary by 80k

24

Comments

  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Taking this as an example, 125k price cut so far, and definitely still not worth the asking price..
    https://www.rightmove.co.uk/property-for-sale/property-77356531.html
    IMO what we get in property bubbles, and Cambridge was a massive one, is a total distortion of value where no one including EA`s knows what "value" is any more.
  • Taking this as an example, 125k price cut so far, and definitely still not worth the asking price..
    https://www.rightmove.co.uk/property-for-sale/property-77356531.html
    IMO what we get in property bubbles, and Cambridge was a massive one, is a total distortion of value where no one including EA`s knows what "value" is any more.
    I don’t know, I think that’s a good price actually for that property.

    How much do you think it’s worth?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC said:
    Crashy_Time said:
    Taking this as an example, 125k price cut so far, and definitely still not worth the asking price..
    https://www.rightmove.co.uk/property-for-sale/property-77356531.html
    "Definitely still not worth the asking price"... You did notice the "SOLD STC" flag on it, right?
    Should have said IMO, but looks like the 125k price cut worked then, if it doesn`t come back on?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    edited 27 July 2020 at 4:48PM
    AdrianC said:
    "Definitely still not worth the asking price"... You did notice the "SOLD STC" flag on it, right?
    Should have said IMO
    Yes, we know that your opinion is that EVERY SINGLE PROPERTY in the country is overpriced, no matter how cheap.

    How's that working out for your own accommodation requirements?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    AdrianC said:
    AdrianC said:
    "Definitely still not worth the asking price"... You did notice the "SOLD STC" flag on it, right?
    Should have said IMO
    Yes, we know that your opinion is that EVERY SINGLE PROPERTY in the country is overpriced, no matter how cheap.

    How's that working out for your own accommodation requirements?
    Well we can agree that 600k is cheaper than the original price of 725k I think?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Taking this as an example, 125k price cut so far, and definitely still not worth the asking price..
    https://www.rightmove.co.uk/property-for-sale/property-77356531.html
    IMO what we get in property bubbles, and Cambridge was a massive one, is a total distortion of value where no one including EA`s knows what "value" is any more.
    I don’t know, I think that’s a good price actually for that property.

    How much do you think it’s worth?
    Well it isn`t worth their original asking price it seems, and the inside looks like where someone from a dark Fairytale or a Stephen king novel would live, and I`m not sure what kind of business you could run now from the "extensive outbuildings"? I suspect this one will pop back up at possibly yet another different price.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Thread hijack by a crashy property double the OP's price range.

    Getting desperate(again).


  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    More on topic for the OP then, there seems to be a TON of supply in your area, not sure about the demand?
  • GDB2222
    GDB2222 Posts: 26,462 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    smorri4 said:
    smorri4 said:
    It is really hard to say, its a very unique house for its location (centre of a small market town). We are on a road with only one other detached which is listed and very characterful but also half the size. Other houses on our road are terraced or semi detached victorian houses. 
    Best house in the street, you know what they say.
    What do they say?
    Sorry that nobody answered your question.

    It's widely thought that roads and areas have a rough value limit. It sounds like your house is the most expensive one in the street. ("We are on a road with only one other detached which is listed and very characterful but also half the size. Other houses on our road are terraced or semi detached victorian houses. ")  Consequently, what you can get for your large house may be constrained by what the other, smaller houses in the street have sold for.

    I've no idea whether that applies in your case. It's just a generalisation.


    No reliance should be placed on the above! Absolutely none, do you hear?
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