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  • FIRST POST
    glittermonster
    Developers want to buy my home
    • #1
    • 6th Dec 12, 9:43 PM
    Developers want to buy my home 6th Dec 12 at 9:43 PM
    to knock it down and build new flats.

    I'm one of three maissonettes over an empty gym/nursery - mine and another are privately owned and the third the managing agent owns and is rented out.

    The managing agent have been approached by a property developer who wants to buy all 5 properties (3 maissonettes, nursery and gym) and start again building 8/9 flats.

    The managing agent has said the property (2bed) is work 150k (I paid 147k 3 & 1/2 years ago) and to have a think and let them know what we'd like. Apparently the property developers will cover all costs of selling/buying/moving.

    We werent looking to move just yet (maybe in a few years) but this seems like a great chance to get out without having to renew the lease (its leasehold) and decorate/pay solicitors etc.

    We are having a look around to see how much we'd need to buy a similar properly - which I think would be a 2 bed house as we have an outdoor space here in 3 directions - first floor back, 2nd floor front and back - which made me buy this property instead of other flats I looked at.

    Any thoughts or questions we should be thinking about are welcome.

    We are talking to next door over the weekend, I think they'd be happy to sell (for the right price) we need to agree on a price we'd both like and take that back to them I guess - and any other questions.
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