Herts mansion with £5M OFF is among most reduced homes for sale

Some of the most reduced properties for sale in Britain have been revealed and the list includes both mansions and modest abodes.

The asking prices on these properties for sale on Zoopla have been cut by between 44.8 and 50 per cent.. 

In one case, it translates into a reduction of £5million on a four-bedroom mansion in on the outskirts of the Hertfordshire town of Watford.

Some of the most reduced properties for sale revealed, and include this four-bedroom mansion in Herfordshire’s Watford (scroll down for more details)

The five most reduced properties for sale…

1. Four-bed house, near Watford, £5m, down 50%

This mansion in the village of Letchmore Heath near the Hertfordshire town of Watford has seen its asking price slashed in half

The house is being sold via Lumleys estate agents and is currently on the market for £5million

It extends across more than 6,500 square feet and includes this seven door Aga in the kitchen

The property includes a large games room with a fully equipped bar and a large poker table

This four-bedroom mansion is located to the east of the Hertfordshire town of Watford in a village called Letchmore Heath and saw its asking price cut in half in February 2023.

According to the listing history, it hit the market for £10million on October 17, 2022, in the aftermath of the mini-Budget which helped cause mortgage rates to spike.

Then, on February 28, 2023, the asking price was cut in half to £5million.

The property extends across more than 6,500 square feet. It includes an extensive bar and games room with a large poker table. The house is being sold via Lumleys estate agents.

The property is 1.6 miles from Radlett train station and 2.5 miles from Elsetree and Borehamwood train station, making it ideal for commuters into London.

2. Two-bed house, Stanley Common, £135k, down 46%

This bungalow in the Derbyshire village of Stanley Common is on the market for £135,000 via Robert Ellis estate agents

The property has two bedrooms and a large living area, as well 46% reduction in its asking price

For those looking for a bungalow in the East Midlands that is ready to move into, this home in the Derbyshire village of Stanley Common might fit the bill.

It has two bedrooms and has seen its asking price cut by 46 per cent in recent months. It was first listed on January 6, 2023 for £249,950 and has had three price reductions since. 

It was lowered by £10,000 in February, by a further £14,950 in April and then by £90,000 a few weeks ago. 

It is now on the market for £135,000 and the sale is being handled by Robert Ellis estate agents.

3. Two-bed house, Heckmondwike, £80k, down 44.8%

This semi-detached house in the West Yorkshire town of Heckmondwike has two bedrooms and a family garden

It is up for grabs for £80,000 via Purplebricks and has seen its asking price cut by 44.8%

This semi-detached house in the West Yorkshire town of Heckmondwike has two bedrooms and a family garden.

The property is within two miles of both Batley and Dewsbury train stations, and features laminate flooring throughout.

It is up for grabs for £80,000 via Purplebricks and has seen its asking price cut by 44.8 per cent having been originally listed for £145,000.

4. Five-bed conversion, Chelsea, £10m, down 48.7%

This property in London’s affluent Chelsea is for sale for £10million via Russell Simpson estate agents after having had its asking price cut twice

The interior has been beautifully designed and includes a modern take on a medieval chandelier in the living room

The five-bedroom property is a converted chapel that retains many original features, including stained glass windows

This five-bedroom property in London’s affluent Chelsea is a converted chapel that retains many original features, including stained glass windows.

As well as cinema room, lift and a swimming pool, it has off-street parking, which is a big attraction for those looking to buy a large home in the area.

That said, for those who prefer to use public transport, there are good links to the Underground nearby, with Fulham Broadway and West Brompton stations less than half a mile away.

It was first listed for £19.5million in October 2021. It was reduced in price by £4.5million in March 2022 and a further £5million was shaved off in September 2022. 

The house is is now currently for sale for £10million via Russell Simpson estate agents after having had its asking price cut by 48.7 per cent.

5. Three-bed house, Whitchurch, £220k, 46.3%

This three-bedroom house in the Devon village of Whitchurch is for sale for £220,000 via Kirby estate agents and has been cut in price by a total of 46.3%

The cottage has been slashed in price several times this year already and needs a complete overhaul to turn it into a comfortable family home

The cottage sits on a third of an acre – and could be extended subject to the necessary planning consents

This three-bedroom house in the Devon village of Whitchurch needs a complete overhaul to turn it into a comfortable family home.

It sits on a third of an acre and is being sold via Kirby estate agents with a guide price of £220,000. It was originally listed for £410,000 at the start of the year.

The asking price has slashed several times since the start of this year, with total reductions so far standing at 46.3 per cent.

The agent is now turning to an auction to the property, which is taking place on July 18.  

The agent explained: ‘The cottage sits on a third of an acre, with extensive gardens to the side and front.

‘Subject to the necessary planning consents, there is plenty of space for an extension without impacting the size of the garden.’