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.

Monday, 10 June 2013

Portobello Road

Portobello road, Portobello road
Street where the riches of ages are stowed.
Anything and everything a chap can unload
Is sold off the barrow in Portobello road.
You’ll find what you want in the Portobello road.

And that includes an exquisite apartment with a £250k reduction.

EA linguistics

There's nothing at all remarkable about this house (apart from the £650k price tag for a terrace in East Finchley), but it illustrates some futile linguistic gyrations by the estate agent.

The vendor clearly wants to achieve over £600k for it.  They initially tried asking for offers in the region of £650k, then went with offers in excess of £600k before reverting back to offers in the region of £650k.  The only thing we can infer from this is that so far, there have been no offers anywhere near the price they want.

Wednesday, 5 June 2013

Gloucester Lodge

Top of the drops today is a £2m cut on the Nash Villa adjacent to Regent's Park.

Monday, 3 June 2013

A bed showroom for how much?

A commercial building on North End Road has just come onto the market at £5m.  Not just any commercial building but a former church currently being used as a bed showroom. 

At that price yield of 3% would put the yearly rent at £150,000.  That's a lot of beds to sell before you've even thought about paying for staff and heating costs.

It's not surprising that the landlord has decided to sell the place off to be converted into apartments.

Eaton Place

£300k reduction on a first floor apartment in Eaton Place.

Sunday, 2 June 2013

Saturday, 1 June 2013

Gloucester Terrace

Another failed attempt to benefit from the mythical Spring bounce.  This one has proved to be more of a Spring flounce as the vendor slowly backtracks from their optimistic price hike.

A previous example of the genre.

Washington House

Another example of yo-yo pricing.  Hesitation about dropping the asking price back in February has led to an even bigger cut of £650k.