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Why aren’t properties in this block selling?

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ReadySteadyPop Posts: 1,500 Forumite

3 March at 2:41PM

silvercar said:

ReadySteadyPop said:

Ybe said:

https://www.rightmove.co.uk/properties/156227354#/?channel=RES_NEW

This one has now gone down to 300k. It makes me think there’s something seriously wrong with these properties. How else can a new build go from 400k to 300k. That’s a 25% depreciation.

As a comparison, this new build from a similar time (I think around 2018-2019) has held its value much better. https://www.rightmove.co.uk/properties/158164052

Both look like terrible value for money in my opinion.

Humour us. Find a 2 bedroom purpose built flat in the N12 postcode that looks good value for money.

No point to that, if people want to take on 30 year mortgage debt for these shoe-boxes there is very little I can do about it, calling it out for what it is though hopefully saves a few people from a very bad debt deal.

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Why aren’t properties in this block selling?

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