Your Opinions needed please - doesn't sound good at all!!

shazzy1773

Ian_W wrote:

shazzy,
I wouldn't walk away in view of the money you've already spent .... I'd RUN a mile and consider the money spent on the survey, very well spent indeed.

Unless, of course, the house is being sold well below market value and you were expected to have to rebuild a substantial part of it and do a signficant amount of remedial work as soon as you bought.

The words "bargepole" and "touch" and "wouldn't" spring to mind!

Houses in that area seem to go for around £180,000 - £210,000 so we thought it was realisticly priced (£169,950) for the work that we thought was needed - new fitted kitchen, bathroom suite and 3 windows to be changed but that was all.

shazzy1773

After sleeping on it, we've deceided to pull out - There's just too much wrong with the property for us to take on, so were putting the money we've spent so far down to a lucky escape. Althrough when my credit card statement comes through i proberbly won't be thinking that!!

The move in its self with be a big upheaval (manchester - Darbyshire) so i think we will be in over or heads with this house.
Thank you to everyone for your comments/advice, you're been a great help:T

jet77

:T Very wise!!:D

BobProperty

shazzy1773 wrote:

Houses in that area seem to go for around £180,000 - £210,000 so we thought it was realisticly priced (£169,950) for the work that we thought was needed - new fitted kitchen, bathroom suite and 3 windows to be changed but that was all.

Prices in that street in the last couple of years:
08 Mar 2005 9 Semi-Detached £195,000
09 Aug 2004 56 Semi-Detached £179,950
15 Jun 2004 72 Semi-Detached £169,000
05 Apr 2004 34 Semi-Detached £125,000
12 Feb 2004 60 Semi-Detached £152,500

It is always worth checking what they sold for, not what they were asking in the estate agents window. I don't see any £210k's in there. Unless they were all in varying states of disrepair it looks like c £200k -£195k is top price, which means my offer would be around £135k. I'd want to see the rest of the street though as I'm curious why the large price spread. No 34 £125k. No 60 £152.5k. What was wrong with No 34?
(Spookily the only house I have had dealings with where it was extended badly and needed serious repair work was in the same town :eek: )
Plenty of other property on the market in that area at the moment I think?