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Price drop... save £403,050
It strikes the Rat and Mouse that now is a particularly good time to be paying close attention to PropertySnake, the place to watch real-life asking price collapses as they happen. Today, we're particularly taken with this rather charming five-bedroom Victorian house in Clapham, down from an original guide price of £1.399m (according to this) to the current £995,000... that's a bargaintastic fall of 28%. Stay tuned for more. And have a great weekend.
Technorati Tags: London, property, real estate Comments
Hmmm 28 percent : I read the R and M quite often and feel this example not up to the usual level: was the property overvalued. why such a sharp drop ...Not really sensible enough to be a reflection of the market status?
Anne
http://www.myurbangardendecoguide.com/
Posted by ANNE at
December 15, 2007 3:04 PM
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Posted by John at
December 17, 2007 8:14 AM
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In the example property I gave I think the first drop is an over value...massive over value.
But the second drop is more interesting. Dropping to the top end of the 1% stamp duty for a start.
I have seen quite a few properties dropping this in my area.
This house:
http://www.rightmove.co.uk/viewdetails-16001261.rsp?pa_n=1&tr_t=buy
Has been on the market since August. It was initially on for over 280. It was purchased for �231,500 in april 05.
Posted by John at
December 17, 2007 9:12 AM
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