Three bed house for sale in Adys Road

[Gidget]

It's on the market for ?750k with Winkworth. Sounds rather ambitious to me. Or is this the new reality here?

[the-e-dealer]

Its winkworths valuing high to get the sale.

There are liars damned liars and estate agents

[LondonMix]

That's rediculous. Just look on rightmove's house sales figures. There you can see what actual houses have sold for by post code or by street with the original listing information including pictures and floorplates.

[Gidget]

Can't do the link thing - but it looks perfectly nice but not like an amazing amount has been spent on it.

Perhaps with the East London line prices are expected to go up more?

[Jeremy]

There aren't many houses on the market right now, so maybe they're just trying their luck. But basically, ridiculous over-valuing by the estate agent, coupled with a greedy vendor.

[KidKruger]

No, it's just overpriced.

Estate Agents are desperate for sales yet still overpricing properties, do the vendors really think they'll get that price ? No. Are they hoping for around ?680-700k ? Probably.

[woodrot]

what is overpriced ? theres still alot of equity around in property for those who are firmly on the ladder and can exploit it - its not like this is going to be a starter home for newwly weds ( probabaly )

[DJKillaQueen]

I just find is all so depressing. Where will it stop? When NO-ONE but the tiny few can afford to buy? Rents are already heading that way.

[Chillaxed]

http://www.ft.com/cms/s/0/06b9f73c-48f9-11e1-974a-00144feabdc0.html#axzz2CBxEOa00

This is a fairly useful tool. According to it, the 3-bed is way overpriced.

[DaveR]

I'm not sure about the usefulness of that FT link. Firstly, it's from January, and I suspect prices have changed (and in SE22 gone up) since then. Secondly, the average per square foot price may well be accurate as a mathemaical mean, but probably not useful for guide prices. I doubt you will find a 3 bed period terrace (which I would guess is the most popular property type in ED) anywhere in SE22 for the equivalent of ?380 psf.

[Gidget]

Maybe stuff like close proximity to St. Johns, and the station adds up but Adys Rd. is hardly a quiet and peaceful road. If it was a semi or on a more quiet road or had an amazing garden it would be worth nearer to that. It would cost at least 50k to put an extra bedroom and bathroom in it so surely the price is more 650k. 4 beds round here are going for just over 700 I believe.

[zeban]

Completely agree DJKQ

[DaveR]

"I just find is all so depressing. Where will it stop? When NO-ONE but the tiny few can afford to buy? Rents are already heading that way."

You can't really use house prices in East Dulwich as a basis to make generalised assertions about the housing situation (whether there may be some truth in them or not). SE22 is an expensive place by SE London standards, because people who have money, or access to credit despite the current state of the mortgage market, are willing to spend it. There are plenty of places within a few miles of SE22 where property costs half as much - literally.

[Mick Mac]

Most people start high and accept less.

I always worry about someone who says, our property was only on the market a week and we sold it already. In that case the market potentially did not have time to establish the right price of the property.

[Gidget]

Mick Mac Wrote:

-------------------------------------------------------

> Most people start high and accept less.

>

> I always worry about someone who says, our

> property was only on the market a week and we sold

> it already. In that case the market potentially

> did not have time to establish the right price of

> the property.

Likely to be under-priced in that case. But it can all change when the survey takes place and depends on how much deposit someone has.

[ratty]

It's the overground that's doing it!

[zeban]

Maybe buying DaveR but I challenge you to find ANY reasonable rents ANYWHERE in London!

[LondonMix]

Look at Rightmoves market report for East Dulwich. There hasn't been a dramatic uptick in sold prices this year compared to last.

http://www.rightmove.co.uk/house-prices-in-my-area/marketTrendsTotalPropertiesSoldAndAveragePrice.html?searchLocation=se22&sellersPriceGuide=Start+Search

[Gidget]

Well, there is also a three bed in Ondine Road for ?750k, but with a loft room. And a five bed in Ondine for ?795k.

[the-e-dealer]

Buy Buy Buy!

or should that be

Bye Bye Bye

[nashoi]

http://en.m.wikipedia.org/wiki/Anchoring#section_5