London market check: -1.8% movement and 105 days on market (need advice)

[makeTheCanvas]

I’m tracking London mixed-use buildings priced from £327,600 to £491,400 and trying to decide whether to negotiate on a tired property now or wait. The snapshot shows a -1.8% movement and roughly 105 days on market, but condition seems to determine the eventual discount. Renovated listings move quickly; those needing maintenance sit and receive cuts.

Does that hold at neighbourhood level? Please include the area and mixed-use property type, plus any insight from completed sales rather than asking prices.

 

[readTheEcho]

Condition probably explains part of it, but mixed-use financing and the balance between commercial and residential space can also narrow the buyer pool. I wouldn’t treat a price reduction as proof of value. Compare recent completed sales within the same neighbourhood and with a similar use split, then price the outstanding work separately.

 

[readsAndYard]

How was the 105-day figure calculated? If withdrawn and relisted stock comes back with a fresh date, the apparent marketing period may be understated. The neighbourhood boundaries also matter: a London-wide range of £327,600 to £491,400 could combine very different local markets. It would help to know whether your targets are vacant, tenanted or partly occupied.

 

[NimblePlan]

I’d push back on “anything renovated goes quickly.” A renovated building can still linger if the seller starts too high, while an unmodernised one may sell promptly when the seller is realistic. New-listing volume and motivation can produce the same pattern you’re attributing to maintenance.

Track when each cut happens, whether the property later disappears without a sale, and the final completed price where available. That should separate condition from optimistic pricing.

 

[porch.round]

For the decision in front of you, make a short list with three figures for each building: asking price, essential maintenance cost, and a contingency for work you cannot confirm before inspection. Speak to a lender early because the mixed-use element may affect the available financing. Then use comparable completed sales and specific repair estimates in any offer, rather than relying on the -1.8% headline movement.