First Propertybee results for my local area.

SouthCoast

m00m00 wrote: »

I've never seen a repo be on the open market for 5 months without going to auction

that's a very patient lender if it is

I have and guess that the mortgage lenders were head in sand and trying to recover all of their debt.

Finally went to auction in Feb and purchaser is trying to flip after installing laminate floors.......................

BUT:

They did not realise that planning permission is just going in for a major redevelopment directly opposite the property which could blight it for up to 18 months!

merlinthehappypig

This was on at £450000 last year when we started looking.

Dropped to £385000 a while back and down to £300000 today. That's just over 33%.

http://www.rightmove.co.uk/viewdetails-18880871.rsp;jsessionid=5C96DE7B6BA3D448C7207594E91F5ABB?pa_n=1&tr_t=buy

BettiePage

merlinthehappypig wrote: »

This was on at £450000 last year when we started looking.

Dropped to £385000 a while back and down to £300000 today. That's just over 33%.

http://www.rightmove.co.uk/viewdetails-18880871.rsp;jsessionid=5C96DE7B6BA3D448C7207594E91F5ABB?pa_n=1&tr_t=buy

Lol, at the fridge and freezer in the kitchen. Doesn't look quite right like that.

poppy10_2

Property bee 2.0 is looking very promising, it's great being able to integrate other people's results for an area you haven't searched before.

m00m00

are you using it poppy10 ?
what user name are you using ?
mine is fairly obvious

Trollfever

Are the cracks starting to show in the Leeds new build flat market?

History

dateevent27th May 2008

• Price changed: from '£250,000' to '£199,995'

1st May 2008

• Initial entry found.

tomstickland

I haven't tried Property Bee 2.0 yet, nor Snake. Got to have a look.

poppy10_2

m00m00 wrote: »

are you using it poppy10 ?
what user name are you using ?
mine is fairly obvious

Yeah, I've seen your findings a lot :T

Can't reveal my name I'm afraid - it's secret!

tomstickland

5th Jun 2008 19:30:22

• Price changed: from '£89,950' to '£88,950'

10th May 2008 15:05:07

• Price changed: from '£104,950' to '£89,950'

6th May 2008 17:14:44

• Price changed: from '£109,950' to '£104,950'

17th Apr 2008 22:11:01

• Price found: £109,950

Approx 20% reduction in asking price http://www.rightmove.co.uk/viewdetails-20707784.rsp?pa_n=false&tr_t=buy

jamtart6

.....just wanted to update on my local property bee results.

Since April approx 60-70% of properties I have been tracking (of about 400) have been reduced between 2-10% ...with a couple of major 20% reductions in there.


EA's must be getting bored as one particular one has spent all today typing in the house numbers of each of their properties on rightmove!!

Just thought I'd keep you updated