There are 5 brand new houses together in Rush close to the Beach. They have been for sale for a long time (probably close to a year) but none have been sold yet. DNG and Kelly Co are the 2 agents trying to sell them. They were initially priced at 850,000. This morning DNG reduced to 820,000.
However, if you do a search on Myhome you’ll see that Kelly Co are selling them for 798,000. They reduced their price from 850,000 to 798,000 a few weeks ago. I’ve look at the houses and I can’t see any difference to any of them so I doubt if DNG are selling better ones!!!
Anyway, 798,000 is still too expensive. Any they have very low stamp duty so the recent changes won’t make any difference!!
What’s interesting with these houses is that they are owned by brothers and sisters. 3 of the houses are with one agent and 2 are with the other agent. All houses are at 750,000 now. They are all indentical in size, orientation etc, however, the group of 3 houses have much larger gardens and also have an office/play room at the bottom of the garden. DNG are selling the ones with the smaller gardens and Kelly Co are selling the ones with the bigger gardens. So DNG have zero chance of selling until the other 3 houses are sold so need to reduce their price lower than Kelly Co prices.
As they have been on the market for a long time I don’t think anybody wants to buy the first house unless it’s an absolute bargain. They certainly won’t get 750,000 for them.