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I think as well there is some mad pre-Christmas price inflation going on.
A house on my street was bought this year, minor renovations, and has a price mark up of roughly a 1/3 of its last sold value having just been put back on the market. I cannot understand.
The recent sales on the street have made me feel much better about the feeling we paid 2% over market at the time. (which still represented a c 5% reduction from listing).
deleted
Maybe if you price by £25 / £50k under that strategy can work. Setting price at £150k under sale price, I think you surely end up deterring bidders who feel nervous about going that far above valuation.