What would you offer?

daisybob

So about 3 days ago, we thought we might move house to get a bigger garden. Today, we have seen a house we both love. It's a total granny fest inside, but we'd love to do it up. So we checked the price of other houses in the surrounding streets which have been done up and they are the same or cheaper!
We want that one particularly because of the garden. They are within streets of each other and it seems they are exactly the same layout.
Work to be done is full rewire, new boiler, new bathroom, new kitchen minimum. We would also like to do some knocking down of walls.
Annoyingly, as I'm a new user, I can't give you links to them on rightmove. They are all around ng17 4jb.
The one we want is 90k. There are 2 done up beautifully with similar sized gardens at 85k and 90k. Then there is one which looks very similar to 'ours' ie oldfashioned, which is 80k.
Are they having a laugh, asking £90k? What would you open the bidding at?
Thanks

LydiaJ

Hi daisybob and welcome to the forum. :hello:

I'm no good at this sort of thing, but I'm sure some other people will be along with suggestions soon. In the meantime, you might want to ask your question on the house buying board. This debate board isn't really about the prices of individual houses. It's a lot of fun, though, so I hope you'll stick around and enjoy the debate.

daisybob

Doh! Sorry, I saw a thread there about keeping house price posts off the main forum, so came over here! I shall post it there too, thank you

amcluesent

>What would you open the bidding at?<

£70K tops

daisybob

Thanks, that's the level we were thinking. The house has no chain and the proceeds will be divided between 2 brothers and a sister, so we were thinking 69k as it divides neatly by 3! :rotfl:

bo_drinker

daisybob wrote: »

so we were thinking 69k as it divides neatly by 3! :rotfl:

So does 66k. :j

Davesnave

Looking at it aerially, I can see this one has a lot more potential than most others nearby, having room for extension, rear drive etc and that good-sized, south-facing rear garden. A house that is land-locked from the rear is a lot harder to develop too, and that's most of the neighbours.

The inheritors will be well-aware of these extra benefits, and so will anyone else viewing. Looks like a great doer-upper to me!:beer:

I can't advise on prices, as I'm not local, or even looking, but I would warn that dealing with 3 inheritors can be a nightmare. There always seems to be one who doesn't want to 'give Mum's house away.' That will be the one with no debt!

benb76

I don't understand. If there is another similar house in similar condition at 80k, then why not just put an offer on that one, or on one of the houses that have already been done up?

daisybob

ben, we are going to look at the done up one with the biggest garden and may decide it's not worth doing the work on this one. The only reason we are moving is for the garden though and the one we like has a really nice garden.
Like your thinking bodrinker!
Apparently we are the only people to view in over 2 months so hopefully the price and condition is keeping it off most people's radars :whistle:

kabayiri

This may seem a bit naughty daisybob, but why not get someone to put in a cheeky punt? A friend perhaps.

This isn't to appear underhand, more that you would get to know the aspirations of the sellers without weakening your own bargaining position.

nollag2006

Good source of info here:
http://forums.moneysavingexpert.com/showthread.html?t=1907059