Why had this property been on the market for so long?

[Deleted User]

Why is there no sales history? 

Lorann_86

moneysavinghero said:

Also a quick look at nearby properties sees plenty of 4 bed new builds in the £270k-£290k range, so it looks overpriced.

Also Purple Bricks properties do (in my experience) hang around a long time. Probably a seller that is not that serious about moving but will happily sell if they get an offer for a ridiculous price.

We have viewed some of those other 4 beds and they feel so much smaller than this one. So I understand the price being more to some extent. Great to get that perspective though.

Lorann_86

HtB won't be an issue for us as we are selling my husband's house (it's only me who hasn't purchased before). I think they dropped the price because of the competition across the green. 

Interesting people were selling off the estate so quickly though. Everytime we have been (for viewings on many houses) it seems pleasant but we know the adjacent old estate has its very bad areas. 

Lorann_86

Ashworks said:

Lovely house. My concern would be parking arrangements, as lots of potential for falling out with neighbours about parking outside the private drives. Also worth checking the maintenance charge on the property for the public areas. On the time question, we took ours off the market for a few months last year due to Covid and job security issues, so it showed as having been on the market for ages when it actually wasn't. Worth asking the question though.

Parking won't be an issue for us but I can see how it could put others off and I hadn't considered that. Thanks

getmore4less

more like this 1 mile 3,4, 5+

for sale/SSTC

price	3bed	4bed	5bed+
0-250	24/67	2/16	/
0-300	32/75	6/24	4/3
0-325	34/78	11/29	5/4
0-350	35/79	13/44	5/4
0-max	37/79	18/37	18/9

plenty of buyers with a mile
upto £300k 24 4 bed 3 4beds and another 5 & one upto £325

Start by looking at those and ask why pick that over the one we are looking at

also look at the sold prices and match them to the house types on that estate(see below for index map)
https://www.rightmove.co.uk/house-prices/de22-4nw.html
go out 1/2 mile to get Richmond park road included

check out the planning and the different house types
https://eplanning.derby.gov.uk/online-applications/spatialDisplay.do?action=display&searchType=Application
09/16/01084 | Residential Development (Up To 221 Dwellings) Community Facilities And Access And Open Space

Looks like a Monteux(handy video review from 2017)
https://www.youtube.com/watch?v=QShF3l3e4No

the website on way back(also has site plan for plot references)
https://web.archive.org/web/20181116184112/https://strata.co.uk/our-developments/definition-mackworth/


a google brings up stuff
https://www.google.com/search?q=strata+homes+mackworth+derby

https://www.derbytelegraph.co.uk/news/derby-news/parents-say-new-mackworth-play-2720713

That should get you going.
I suspect when you match up the prices to the houses people are picking better ones in that price range.

I think there may be more new builds which also sucks low deposit people away from second hand with H2B

silverwhistle

juliedee4663 said:

I would also take a drive round at different times of day/night to see if the green area in front of the house causes problems, e.g. kids congregating, football matches etc etc

Good idea, but cycle round if you can, you'll hear and see a lot more..

Lorann_86

@getmore4less thank you that's all really helpful! Appreciate you taking the time

getmore4less

Deleted_User said:

Why is there no sales history? 

They are all new builds from 2017 and onward looks like it was phase 2 of the estate
73,75,77 Richmond and 44 Stockwell are the same type as this one 42 Stockwell on the same row opposite the green
https://www.rightmove.co.uk/house-prices/de22-4fb.html?country=england&searchLocation=DE22+4FB

there are more 95,97,99 richmond across the green 

99 sold for £310 as new build

getmore4less

Lorann_86 said:

@getmore4less thank you that's all really helpful! Appreciate you taking the time

There is so much you can find out these days with some careful searching Lived in Mickleover years ago and derby area for over 10 years so like to do a bit of research as practice. If I remember correctly made a fool of myself drinking in the honeycomb as a young lad. Ladybank Road sound familiar have the address somewhere in my filing. So much has changed since my day.

getmore4less

AdrianC said:

https://www.rightmove.co.uk/properties/63566616

9/7/19 - £325k
14/1/20 - £318.5k
5/6/20 - £310k

"Nearly new", "prime plot" - it was a show-home... I wonder how that affects HtB eligibility?

Other newbuilds on the estate are listed as having been sold as early as January 2016. Number 44 was early 2017, this is 42. The most recent newbuild sold was the end of June 2019 - barely a week before this show-home was listed... And by December 2019, properties were being resold.

Streetview stops at number 11, May 2016.
https://goo.gl/maps/L7nT5ApWXvsYckCT6

Satellite shot is much more recent. I think it's the one directly opposite the junction with Belmont Close.
https://goo.gl/maps/TUGQTXEQY6tnWJJv8

42, Stockwell Drive, Derby, City Of Derby DE22 4NW

Detached

£294,995

5 Jul 2017(New Build)

Freehold

No other historical records