Is a large garden really worth so Much.

QTPie

Doozergirl wrote: »

There is potential there for more than one house. I'd say that is why the asking price is so high, it's not about amenity land (garden).

The fact that sales have fallen through twice on it looks like people have been interested in it's potential but have come across issues perhaps.

Agreed... a buyer may not get it, BUT if they could get planning permission, then the land COULD be valuable. Depending on how much land there is there, you could have another dwelling or two or maybe a dependent's annexe etc.

QT

ToMonkey

I just looked from the point of view that the house is in awful shape. For me the land would simply be a garden. And that has now gone to the dogs as well.

There is no way I could afford the price for that based on what it is. It wouldn't be an investment for a property developer type.

Never mind

ToMonkey

hethmar wrote: »

Is that a 70s estate next to it :eek:

Yes there are quite a few of those around here. Its not a bad area though.

hethmar

Why was the rest of the terrace demolished and will that have caused any structural probs?

QTPie

ToMonkey wrote: »

I just looked from the point of view that the house is in awful shape. For me the land would simply be a garden. And that has now gone to the dogs as well.

There is no way I could afford the price for that based on what it is. It wouldn't be an investment for a property developer type.

Never mind

But that is you... the value of the property/land will be significantly more to others...

ToMonkey

hethmar wrote: »

Why was the rest of the terrace demolished and will that have caused any structural probs?

I don't think there are any structural problems as the gable end where the previous house was is all nicely bricked up, you can walk around and you can't visibly see any issues like cracks or anything coming away it looks relatively sound.

However the land to the side has been sold and quite a while ago as a mate of mine put a bid in for it. He claimed there was an issue getting power or water or something to the plot but I'm not too sure about that.

I do know its been sold a couple of times as they have changed the board to sold and then back.

ToMonkey

QTPie wrote: »

But that is you... the value of the property/land will be significantly more to others...

Definately, you could probably build a second house and have two small gardens and sell them off but thats for an investor type not me, I'm just a simple homeowner.

You never know if its not sold in another 13 months plus I may take it off there hands for free.

Its been on the market longer than its been on rightmove as well.

zone

Properties with large gardens have more potential for development.

spuds_2

It's not in a bad state - you could live it while you did it up as the bathroom doesn't look too bad. I think that refurb properties are often not that much cheaper than decent ones - there is a bit of an assumption that a run-down house will be a bargain, whereas often they are not much cheaper.

In this case I think the large plot is what you are paying for - the opportunity to extend, the large garden, the 'period property' factor. Whether it is worth £213k is another thing though.

Sonofa

It's got bigger problems; it's in Sutton!