HousePriceDisgrace

auction results/available

http://www.drivers.co.uk/auction/080701.htm - Sold £150,000
Freehold Commercial Premises
23 High Street, Wheathampstead, Herts Al4 8BB

A mid terrace two storey double fronted Grade 11 listed commercial premises previously retail A1 use. Situated in the heart of Wheathampstead High Street. The village is within approximately five miles of St Albans city centre with excellent transport links, the M25 and main line station affording easy access for commuting to London.

Details as follows: (approximate dimensions)
Retail Ground Floor
484 sq ft (45 sq m) 344 sq ft (Zone A 32 sq m)
First Floor
Office 377 sq ft (35 sq m)

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http://www.drivers.co.uk/auction/080746.htm - Available £850,000 - 5 houses + 5 flats ie 85k each for land
FREEHOLD DEVELOPMENT SITE

HESTA ANNEXE, REAR OF 291-301 WHITE HART LANE, TOTTENHAM N17 7BT

A freehold development site with planning consent granted on the 9th November 2007 for the construction of 3 x 4 bedroom houses, 2 x 3 bedroom houses, 4 x 2 bedroom flats and 4 x 1 bedroom flats with eleven car parking spaces. Ideally situated within a quarter of a mile of the A10 trunk road together with bus routes and local shopping parade. Full plans are available for inspection at the auctioneers office. The vendor informs us that there is a section 106 agreed with the London Borough of Haringey for a total amount of £141,838.55.

OFFERED FREEHOLD WITH FULL VACANT POSSESSION UPON COMPLETION

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http://www.drivers.co.uk/auction/080722.htm - SOLD £67,500
Freehold Vacant Site
Auburnville, Carthagena Estate, Broxbourne
EN10 6TA

A freehold level site extending to a quarter of an acre which was previously occupied by a detached residence which was partially burnt down some years ago. It is understood that there is electricity and water connected to the site. Ideally situated within ten meters of the Lea Valley Navigation and Wildlife nature reserve. This site offers the opportunity for potential reinstatement of the previous building subject to the necessary consents or for leisure purposes. The site lies within approximately one mile of Broxbourne main line station (Liverpool Street - 35minutes).

Details as follows: (approximate dimensions)
Approximate site area 1,210 sq yards (1,331 sq m)
Some parts of the previous dwelling remain on the
site

Offered Freehold And With Full Vacant Possession

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Auction prices down 18.5% may 2008 - Lib Dems

http://ukpress.google.com/article/ALeqM5jgCEvtq03JkYVhBa7uj1J4T2F3gg

and this is excluding june/start july

Homes at auction take a hammering

20 hours ago

The average cost of a home being sold at auction has slumped by 17% during the past year, figures show.

Homes that went under the hammer between March and May fetched an average of £140,500 - £28,700 less than they sold for during the same period of 2007, according to research by the Liberal Democrats.

The study, based on the sale price of 4,748 properties around the country, found the rate of price falls accelerated to 18.5% in May.

There has also been a drop in the proportion of homes that are successfully sold at auction, with just 57% of all properties going under the hammer sold between March and May, down from 74% a year earlier.

The Liberal Democrats claimed the figures showed that annual house price falls were currently much steeper than the drop of around 6% currently being reported by house price indexes.

The party's Treasury spokesman, Lord Oakeshott, said: "Auctions are the sharp end of the housing market where real deals show the prices paid by real buyers. The published house price indices are well behind the game."

He said property professionals expected house prices to fall by 16.5% as measured by the Halifax house price index during the coming year and by 26.5% during the coming three years.

He said: "Ministers must wake up now and let housing associations and councils buy empty homes for social housing to rent.

"The feeble Government response to the housing crash so far has been like throwing pennies down a drain."

Abandoned Real Estate Bus Tours - Long Island Foreclosure Tours (VIDEO)

A unique bus tours company is capitalizing on the hard hit American real estate market. The Long Island Foreclosure Tours take patrons on excursions to homes which have been abandoned, and often vandalized by former owners, to show potential investors the unique opportunities in the New York district.

Ray Wilson is in an unfavorable career position at this point—he’s a New York real estate agent. On Long Island alone, generally a desirable living area with beautiful beach front, single family homes has experienced horrible slumps in the market, with people destroying their own homes before they’re evicted. Out of misplaced anger and frustration, former owners break down doors, demolish walls or break water pipes.

Wilson guides groups of around a dozen potential buyers at a time on the the aforementioned bus tours. Housing costs haven’t been this low in years and Wilson is helping those interested in taking advantage of the opportunity. The bus tours cost $50, but tour members get a $500 discount on any piece of real estate purchase as a result.

True, most of them are fixer-uppers, but Wilson doesn’t try to hide that fact, and most people are able to see the potential beyond the rubble. The prices are just too good to let go. For example, one house in Hyde Park sold for $595,000 in 2006 and is now listed at $270,000. It would probably only take $3,000 - $5,000 to bring it up to most people’s dream home standards.

http://www.lifttours.com/
http://www.foreclosuretoursinternational.com/