The Rat and Mouse has had several comments in the last 12 months along the lines of want to sell a house? Drop the price. It's all in the asking price, apparently, and Savills appear to agree.

Estate agents Savills put the success of the scheme down to "sensible pricing" - the flats started at £175,000 for a one-bedroom apartment, going up to £450,000 for a three-bedroom property. Ed Lewis, head of London new homes for Savills, said: "People can judge for themselves whether this represents green shoots but the reality is this is the most successful new homes launch we have had for a couple of years."

The apartments in question are at (warning: pdf) Hornsey Road Baths, and according to the agents 29 out of the 40 properties have been reserved in less than a month of reaching the market. One-bedroom apartments in the building have gone on sale for £175,000.

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