slightly cold feet

pinkshoes

slopemaster wrote: »

So, its not the perfect place, but still seems like fairly good value comparted to other things I've seen.

Just this sentence alone tells me you should be RENTING a place, not buying.

And given how not one person has particularly had anything nice to say about it, then when it comes to selling in a few years time, are you prepared for not being able to sell, and having to rent it out?

8ft x 8ft bedroom would put me off, even for renting. Where would clothes go??? It's not big enough for a wardrobe and a bed, let alone a chest of drawers...

penguine

pinkshoes wrote: »

And given how not one person has particularly had anything nice to say about it, then when it comes to selling in a few years time, are you prepared for not being able to sell, and having to rent it out?

Yes -- to the OP, I would ask yourself, if you're not really crazy about this place, do you think anyone else is going to want to buy it?

Mortgage finance is likely to be scarce for some years to come, given the scale of the banking catastrophe we've (hopefully) just averted, so it's going to be even more difficult to sell on properties that aren't all that attractive.

slopemaster

Hi all, thanks for the interest and opinion.
Just went round again but the builder didn't turn up.
Built 1965.
Spoke to a neighbour, she's been there 30 years and likes living there; not aware of any expensive problems lurking...
The flats are NOT all the same, so comparing prices is difficult.

Yes, I think maybe futon and screen in big upstairs room, and use small downstairs room as dining room.

slopemaster

But its true I'm a bit concerned about potential to resell

slopemaster

pinkshoes wrote: »

Just this sentence alone tells me you should be RENTING a place, not buying.

The thing is, renting somewhere this size would cost more - substantially more.
At present I am sharing a house. It's OK, my housemate is nice, but I want my own place. So as not to worry about waking her if I come home at 3am (the doors and floors creak!), or not to be woken myself. Not to have to face someone else's washing up, or not to feel I have to clean every single plate and cup I use straight away. etc, etc, standard things you have to compromise on when sharing. Not enough space for my stuff.

But to rent a poky studio around here starts at £550/month.
Hence idea of buying.

fatpiggy

I see it is in the University area and you can walk to work, so I'm guessing you work at the University. I wouldn't touch a property in any university area frankly - the students attract burglars and muggers like nobody's business, plus students don't make the best tenants and tend to push the area down badly. Do you want to be kept awake night after night by drunk kids, then walk to work through the p**s and vomit in the mornings? Go a bit further away and cycle to work.

slopemaster

Yes, fatpiggy, I do.
But I already live in the area and don't find it too bad TBH

barnaby-bear

slopemaster wrote: »

The thing is, renting somewhere this size would cost more - substantially more.
At present I am sharing a house. It's OK, my housemate is nice, but I want my own place. So as not to worry about waking her if I come home at 3am (the doors and floors creak!), or not to be woken myself. Not to have to face someone else's washing up, or not to feel I have to clean every single plate and cup I use straight away. etc, etc, standard things you have to compromise on when sharing. Not enough space for my stuff.

But to rent a poky studio around here starts at £550/month.
Hence idea of buying.

It so wrong that people with grown-up kids say these things.... :rotfl:
Do you really believe you can make it work - from experience I know short term buying (something for now but not 2 years time) is a mugs game and also that 3 years of houseshare or moving at two months notice or a succession of ASTs is a joke....

Sprintz

fatpiggy wrote: »

I see it is in the University area and you can walk to work, so I'm guessing you work at the University. I wouldn't touch a property in any university area frankly - the students attract burglars and muggers like nobody's business, plus students don't make the best tenants and tend to push the area down badly. Do you want to be kept awake night after night by drunk kids, then walk to work through the p**s and vomit in the mornings? Go a bit further away and cycle to work.

fatpiggy how often have you cycled to work?

- sorry fatpiggy I really couldn't resist...but you have chosen an amusing name

good points on students being a problem althow if you are a lecturer then you may be able to control their crazy parties. also be strict and don't let them trash the rooms nor leave it as a fatpiggy sty

slopemaster

barnaby-bear wrote: »

It so wrong that people with grown-up kids say these things.... :rotfl:
....

I know, I know...
Actually the other day it was 8am and I'd been out all night!
(Not wild parties but nocturnal work habits.
Am not a lecturer but doing a PhD - we all become nocturnal, it seems.
I e-mailed a colleague the other day at 4.30 am and he replied straight away!