Massive house price reduction

[Dustland]

I’m looking at property in my area and one keeps coming up repeatedly. 4 bed detached, no garden to speak of, half of the garden is for parking and it’s set in what appears to be a car park for the surrounding houses. On a main road, phone box right in front of the house, tiny kitchen. The price has been reduced in big increments from 330k to 225k over the past 3 months or so. Does anybody else think that the huge drop in price looks a bit suspicious as in, apart from the obvious (no garden tiny kitchen) what’s wrong with it? (Lighthearted, I’m not thinking of buying it, just enjoy having a nose on rightmove)

Yep.
Same here.
I wonder if we live in the same area!
Loads of beautiful older houses with huge front and back gardens bought and knocked down and smaller boxeshouses built on the land.
The new builds are 400-500k here. For no garden and a garage you can't fit a mid sized car into

But it isn’t like other 4 bed detacheds in the area if it has no garden, a tiny kitchen and where it is placed.

I think these sort of places people have to be realistic about when it comes to selling or come up with some ingenious design that mitigates the problems.
Just thinking it is a 4 bed detached and is worth the same as other 4 bed detached is a recipe for it hanging around for months as it will have lost the new listing tag the day it went up for the inflated price

For me personally you've named everything that is wrong with it.

It's the same where I live except it'll be a flat, or apartment as they call them today at 500k and if you can get an envelope between two houses they class it as detatched and start at the 800k mark for a 3 bed.

I'm buying a flat in Brighton. The market is still strong. First choice in Hove sold within a week. There were two cash buyers and they went into a bidding war. My flat already had an offer and I had to go over to secure it. That was on the market for less than ten days.

Doesn't sound like a very nice house (although I appreciate location matters) so maybe that's why it's not selling.

Might be non-standard construction or similar but I can't tell without a link!! That's a very big percentage drop for just "strange layout" or "small garden".

Ds looked at a newly refurbished cottage which had come down in price a few times. On surface looked great but , turned out it was done on the cheap and so many problems ie parking space was included but could not on paper etc

4 beds = children
No garden = useless for children!

What if they do? You haven't said anything nasty about the house, just pointed out the unusualness of the price-drop. Go on, post the link, I'm intrigued!

A house in my area had the same thing. Sold several times then back on the market. There were structural issues but they wanted the price for a home with no issues. Eventually they dropped the price.

It's a public link and they're trying to sell, so the more people who see it, the better.

I’d feel a bit of a meanie posting the link. It’s someone’s home after all

But surely it's public anyway if it's listed on Rightmove, as are the reductions?

Gardens are great of you enjoy them and have children.

However if you aren't interested in gardening and your children are teens, some people will happily ditch the garden for the convenience of a great location that works for their family.

I know so many people whom have made that call.

We have a very large space that costs serious money to have maintained.

If we didn't love it I would definitely also move to a much smaller, easily maintained garden.

Yeah, if it's a bit of a niche offering then they're surely better as many people getting a look as possible?

Haunted? Kidding - sort of!

We've just taken ours off the market because no houses round here are selling & we weren't prepared.to go any cheaper to try to shift it, maybe they are desperate