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Live property auction online now - Barnard Marcus

Follow the link:

http://www.eigroup.co.uk/onlineauctions/login.asp?auctionid=10513

You will need to create a user name and give an email address, but you can make this up (it doesn't send confirmation email or anything).

Then click to go to the viewing gallery.

New builds appear to be taking one hell of a beating. For instance, Lot 82 has just sold for £152k, compared to the £295k on the Land Reg books for the original purchase in 2004.

I have long thought property values to be overstated, but not to this extent.
«1345678

Comments

  • silvercar
    silvercar Posts: 49,693 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Didn't Doozer-girl say she was going to be there?

    Just seen a 1 bed conversion go for 10 grand over the suggested price in my area.

    Some other online auction let you see and here the auction room.:(
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Just seen a 1 bed conversion go for 10 grand over the suggested price in my area.

    When I first logged on I was comparing the achieved price to the guide price, but the guide price is irrelevant; it is artificially low, in order to get people interested.

    It was when I started to look at the previos sold prices for one or two properties, that I realised the substantial size of the price reductions.

    It does appear to be mainly new-builds taking the hit, but the hits are astronomical in some instances.
  • Kez100
    Kez100 Posts: 2,236 Forumite
    Not in a position to register and look but interested in reports back like you ahve done above if you are able.
  • silvercar
    silvercar Posts: 49,693 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    you can just add any name and anything with a @ in the middle for the email address and it logs straight in. Neither have to exist.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar
    silvercar Posts: 49,693 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    latest lot:

    city centre flat in modern tower block in centre of Birmingham.

    sold for 225,000 in december 2003; 272,500 in June 2004.

    today sold for..................



    134,500
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • morg_monster
    morg_monster Posts: 2,392 Forumite
    ooh watching lot 133, 2bed flat in big new shiny block in brum, made 134500. last sold for 272,500 in june 2004... OW OW OW.

    EDITED - too quick for me silvercar!
  • silvercar
    silvercar Posts: 49,693 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    but then detached house in a yorkshire village sold for 40k in 2002 just went for 185k.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • silvercar
    silvercar Posts: 49,693 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    OK Birmingham city centre modernist tower block 250k when new in September '06 just went for 155k.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • sarkin
    sarkin Posts: 785 Forumite
    Hey im loged in some of these properties are geting a beating
  • Pobby
    Pobby Posts: 5,438 Forumite
    Hmmm nice semi in Tamworth----£106,000 not bad!
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