I reckon this is a good contender for the most overvalued property in Sheffield..... £1.3M for a link detached/semi detached house......what was the valuer on when he valued this....?!?!?

Whiteley Wood Manor
Common Lane, Whiteley Woods, Sheffield, S11 7TG
on with ELR, sorry no link!

Anybody got any others?

There was a house on the Parson Cross estate that sold for
£45,000 the other week!

here's another....

you reckon Blundells always underprice? Take a look at this....£150K for a house smaller than most peoples' living room.....

MAIN BUILDING
4.52m(14'10'') x 3.71m(12'2'')


http://212.50.188.105/cgi-win/vebra...2/THEFI/53358/2

don't let the amount of land with it distort the valuation either.... agricultural land is worth between £5K-£10K per acre tops!!!

Sorry Bertie youv'e missed the point with this one it's totally unique and not being sold as anyone's main residence. I imagine the price reflects this uniqueness and also the possible income to be had from renting it out. You should compare it with the purchase of say a motor cruiser, large motorhome or that Ferarri you have always hankered afte.

perhaps not as this quote highlights....


miggy
Registered User

Joined: Aug 2004
Location: Crookes
Posts: 225
Quote:
Originally posted by Saxon
Can hardly be taken as a normal property though can it?

Ideal business opportunity for someone to buy and rent out, and of course you're also paying for the location - its NOT agricultural land, is it?


I can tell you about that property because I looked into it.

You can't rent it out, you can only stay there 20 nights in a year or summat, and there is zero chance of planning permission.

It's worth nowhere near 150k, tho it is lovely (I went out to take a look at that and the surrounding area).

They're expecting people to take a punt on planning permission, but I spoke to planning officers and got historical records. Zero chance, without something dodgy going on anyway.

Still better value than a £90k beach hut in Poole!

True! If I was loaded then I would be sorely tempted. It's a beautiful spot, it really is.

Anyway, another "overpriced" house is Barber Farm Cottage (Blundells) in Crookesmore. 215k for 3 beds (inc box room), near the Hadfield pub in studentville. Been available for a few months now I'm told.

Its in a very nice style, but lots of potential issues, and way overpriced for the area (110-130k for 3 beds I'm told). Surveyor reckoned 150k + a bit extra, and another agent reckoned 180k odd which still seemed high for the current market. 200k offer turned down I'm told.

Could redo a nice house elsewhere in the same style for a lot less cash than buying this!

Price down to seller by all accounts.

Originally posted by BertieBasset
I reckon this is a good contender for the most overvalued property in Sheffield..... £1.3M for a link detached/semi detached house......what was the valuer on when he valued this....?!?!?

Whiteley Wood Manor
Common Lane, Whiteley Woods, Sheffield, S11 7TG
on with ELR, sorry no link!

Anybody got any others?

The link is here: http://esrch.hlc-s.co.uk/pages.asp?group=elsh&ref=BA120663&page=template1

It's 6 bedroomed, 3 reception rooms, period character and in a nice area. Hardly overpriced IMO, especially when a sale has been agreed on it already.

£1.3M for a link detached house is crazy

Originally posted by BertieBasset
£1.3M for a link detached house is crazy

It's not just a normal linked detached house though is it? You make it sound as if it's a pokey new build on some faceless new housing estate. It's a huge period house with huge grounds in one of the most pleasant parts of the city. The fact that it's been bought already shows the price was right.

Dont forget the 1 acre its stood in aswell. Put some dosh in the right pockets and soon see that planning application for 3 bed detached 'luxury' homes come through with a bunch of flowers and a bottle of Moet.

for £1.3M you would expect to have the benefits of a detached property.....and "period character" as you put it comes with all the disdvantages of not having the benefits of modern building regulations.


Originally posted by t020
It's not just a normal linked detached house though is it? You make it sound as if it's a pokey new build on some faceless new housing estate. It's a huge period house with huge grounds in one of the most pleasant parts of the city. The fact that it's been bought already shows the price was right.

Originally posted by BertieBasset
for £1.3M you would expect to have the benefits of a detached property.....and "period character" as you put it comes with all the disdvantages of not having the benefits of modern building regulations.

What about Georgian terraced houses in Kensington? They sell for above £1.3m. With property, it's more about location than it is the actual building. When it comes to the actual building, period houses are very much in demand (compliance with building regulations isn't generally a concern for the discerning buyer at the high end of the market...) and with so much land to compliment a large, period house, £1.3m doesn't really shock me, or even surprise me, in the slightest.

It would be a shame if what 1man&hisBMW says comes true, although I doubt it will. Too many faceless new developments are destroying the beauty of our sought after suburbs.

I wouldn't be so surprised to see this in London, but I think it is certainly overpriced for Sheffield. ELR were very circumspect in deliberately not describing it as "detached", I think if they had clearly described it as either "link detached" or "semi detached" it would ceratinly have put off a lot of people.

I think the likelihood of building another/other dwellings within the grounds are limited as I suspect the gardens may be partially greenbelt, I guess the "semi-detached" neighbour would have strong andd reasonable objections and the road that it is on is quite narrow with the property having an obscured entrance, so potential for accidents from increased traffic flow. Having said that there is a hardstanding tennis court which would probably be the most obvious candidate for the siting of a new dwelling should it be desired...

I've owned "period" properties and they come at a price, for e.g. no cavity wall insulation, lead water pipes, sagging roofs and a lot of remedial work required should you wish to extend at a later date.

Looking at the high end properties in and around Sheffield £1.3M could buy a much better prospect IMO.

Originally posted by t020
What about Georgian terraced houses in Kensington? They sell for above £1.3m. With property, it's more about location than it is the actual building. When it comes to the actual building, period houses are very much in demand (compliance with building regulations isn't generally a concern for the discerning buyer at the high end of the market...) and with so much land to compliment a large, period house, £1.3m doesn't really shock me, or even surprise me, in the slightest.

It would be a shame if what 1man&hisBMW says comes true, although I doubt it will. Too many faceless new developments are destroying the beauty of our sought after suburbs.

Originally posted by BertieBasset
I wouldn't be so surprised to see this in London, but I think it is certainly overpriced for Sheffield. ELR were very circumspect in deliberately not describing it as "detached", I think if they had clearly described it as either "link detached" or "semi detached" it would ceratinly have put off a lot of people.

I think the likelihood of building another/other dwellings within the grounds are limited as I suspect the gardens may be partially greenbelt, I guess the "semi-detached" neighbour would have strong andd reasonable objections and the road that it is on is quite narrow with the property having an obscured entrance, so potential for accidents from increased traffic flow. Having said that there is a hardstanding tennis court which would probably be the most obvious candidate for the siting of a new dwelling should it be desired...

I've owned "period" properties and they come at a price, for e.g. no cavity wall insulation, lead water pipes, sagging roofs and a lot of remedial work required should you wish to extend at a later date.

Looking at the high end properties in and around Sheffield £1.3M could buy a much better prospect IMO.


Prices are set according to how much people are willing to pay. A sale has been agreed on the property (and surely they actually went to view it and saw it wasn't completely detached) so clearly the house wasn't overpriced. Expensive maybe, but overpriced, no.

Depends upon when the sale was agreed, what the price was, and why it fell through.

Prices of higher end properties, esp >600k are plummeting in some areas at the moment. I know of houses which have lost 100k+ in estimated value over the last 8 weeks. A 1.3m property could easily fall to 1.1 or lower in the current climate.

Lots of people are looking but not many are buying at the moment.

Who said it had fallen through? :confused:

Apologies - misread. Thought you said a sale had been previously agreed.

I'm with t020 on this one. Saying it's link detatched is like saying Buckingham Palace is a house share. And why are you so concerned about estate agents overpricing property? Were you bitten by one as a child?

like it or not "link detached" is defacto "link detached"...... :loopy:

Originally posted by pete_jim
I'm with t020 on this one. Saying it's link detatched is like saying Buckingham Palace is a house share. And why are you so concerned about estate agents overpricing property? Were you bitten by one as a child?

and like it or not it would appear to have sold if the information from t020 is correct supporting the theory held by many that something is worth what someone will pay for it. I prefer to live in a detatched house but wouldn't label a property as over priced because it was a semi or link detatched or even terraced.

I have fond memeories of visitiing friends in Belgravia. Someone asked the elderly lady who lived on the ground floor what she thought of the new occupiers of the top floor flat, (Lebanese), in a wonderful Edith Evans drawl she said "my dear I can remember a time when they wouldn't have got past the lodge".

I would if compared to other similar properties it seemed blatantly overpriced given the Sheffield market.

Unless someone develops the site, they have paid well over the odds.

Originally posted by pete_jim
and like it or not it would appear to have sold if the information from t020 is correct supporting the theory held by many that something is worth what someone will pay for it. I prefer to live in a detatched house but wouldn't label a property as over priced because it was a semi or link detatched or even terraced.

I have fond memeories of visitiing friends in Belgravia. Someone asked the elderly lady who lived on the ground floor what she thought of the new occupiers of the top floor flat, (Lebanese), in a wonderful Edith Evans drawl she said "my dear I can remember a time when they wouldn't have got past the lodge".

Originally posted by BertieBasset
I would if compared to other similar properties it seemed blatantly overpriced given the Sheffield market.

Unless someone develops the site, they have paid well over the odds.

It sold, so wasn't overpriced. Whether or not the buyer has paid over the odds is subjective. IMO, they didn't, so we'll have to agree to disagree on that one.

itd not always the case that properties sell for their asking or over asking. to br honest, i would agree, the price will be taking into account the 1 acre of grounds and the possibility of future development.

the question you ask yourselves is this, if the garden was say 60ft long x width of the house, would it be so expensive.... ther answer your looking for is no.

I Just thought a little update for this once-heated debate was in order!

Looking here (http://www.nethouseprices.com/index.php?con=sold_prices_street_detail&locality=SHEFFIELD&posttown=SHEFFIELD&passPost=&street=Common+Lane&postcode=&town=sheffield&year=), it seems that the link-detached whatever it was called in Mayfield Valley went for a lot more than the £1.3million asking price.

So whereas this thread was started to find the most overpriced property in Sheffield, it looks to have found one of the most underpriced!! £210,000 more than the asking price, and a healthy return of over £800,000 for the 3 years.

Note:the most underpriced to date as far as i'm aware is 25 Whirlow Park Road - asking price of £1,000,000 and achieved £1,282,000, so £282,000 'underpriced'.