Friday, 1 November 2013

Compton Avenue - Over £3.5m drop

Newly listed properties on Rightmove may have price tags 10% higher than last month, but it's the previously listed properties which show that the boom may not be all it appears to be.

Tuesday, 30 July 2013

BTL Closing Down Sale - Complete Carnage in North London

Property Spotter previously featured this example of what happens when BTL goes wrong.

Today the story gets even worse with a further desperate bid to offload the portfolio at a 65% discount from the original asking price.  That's got to hurt...

Bed showroom update (Another million pound drop)

As previously featured on Property Spotter, this holy bed showroom has since joined the million pound drop club.

Friday, 26 July 2013

Mayfair Mayday. £5.5m price crash.

There aren't many properties on the market that could slash £5.5m from the price and still look overpriced.   Is this a luxury canary in the prime London coal-mine?

Thursday, 25 July 2013

Imperial Whaf - £8 million pound drop

Clearly a penthouse in Fulham for over £30m was too much for the market to bear.  Now we'll see if the £20m threshold will be breached.

Look out below, in more ways than one.

Saturday, 20 July 2013

Holland Park

Opulent to the point of parody, but over a million pounds down from the original asking price.  Are the nouveau riche on their uppers?

Tuesday, 16 July 2013

Porchester Gate

The heat wave has clearly induced a wave of optimism in Bayswater.  Can a £300k hike in the asking price be justified?

Sunday, 7 July 2013

Cadogan Place

A million pound discount clearly doesn't cut it these days.  Could £1.45m off the asking price and a bath under canvas tempt any readers to 'snap up' this house in Cadogan Place?

Wednesday, 3 July 2013

Stormont Road, N6

Is there a correlation between over-filtered dusk photography and over-optimistic asking prices?  A one million pound drop on this one might provide a clue.

Thursday, 27 June 2013

Washington House (part 2)

Previously seen on Property Spotter, this vendor seemed to hesitate about cutting their asking price before finally being forced to make a £650k cut.  Now they seem to have capitulated even more:

Wednesday, 26 June 2013

Onslow Square

A million pound drop in super prime Onslow Square.

Are the recent rises in bond yields putting the status of prime central London under threat?

Tuesday, 25 June 2013

James Bond proves elusive

Previously Property Spotter reported on the hunt for a wannabe James Bond oligarch with £16.5m to spend on an underground lair in Kensington.  Today the vendors have shaved nearly £3m from the asking price.

Monday, 24 June 2013

No demand for 'off market' property

It comes to something when even properties which are supposedly off market are plummeting in price.

Sunday, 23 June 2013

St Johns Hill Grove, Clapham Junction

This looks like a very attractive price until you realise that it's only half of the house pictured below.

Thursday, 20 June 2013

Bryanston Court

In the wake of Ben Bernanke's hints about ending Quantitative Easing, this apartment in Marylebone has had £400k wiped off its asking price.  A sign of things to come?

Monday, 17 June 2013

Carlton Hill, St John's Wood

A hefty discount of over half a million pounds on this semi in St John's Wood

Although in 'prime' St John's Wood, the house is only a stone's throw away from the notorious Rowley Way estate where architectural curiosities like this greet you:

Saturday, 15 June 2013

Duns Tew Road, Middle Barton, Chipping Norton

The 'Chipping Norton set' has entered the lexicon thanks to the cluster of movers and shakers who spend their weekends in the Cotswold village.  Joining them might cost less than you thought.

This house with equestrian facilities was initially on the market for £2.75m but has had its price slashed by nearly 30% to £2m.  There aren't many properties on the market that can offer the chance to lend a horse to the Prime Minister.

Anthea Turner and the crash in Daily Mail valuations

Back in July 2012, the Daily Mail brought us the story of Anthea Turner kicking out Grant Bovey from their '£5m home' in Esher, Surrey.

The couple's £5 million Surrey home, with Anthea has asked her husband of 12 years to leave

A year on and the doyenne of Daily Mail celebrity journalism, Alison Boshoff, has revisited the story as the couple prepare for divorce.  Sadly she appears to have missed the real story which is the dramatic drop in the value of the couple's Surrey home which the article tells us is now worth only £3m.  A 40% drop in less than 12 months is a massive crash in anyone's book, or could it be proof that the Mail's property valuations are as badly sourced as, well, everything else they print.
Anthea may have to put her beautiful £3million house in Surrey on the market as the couple prepare to settle their divorce

Hat tip to Venger.

Friday, 14 June 2013

Kensington Square

A million pound drop in Kensington Square itself.  It has a real picture book front garden.

Surely a small price to pay to live in a street with a whole album named after it - Vincent Delerm - Kensington Square.