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where to pitch offer

Hi all & really appreciate any help or advice in advance.

I have found a flat for sale & would like to buy it. It is in tired condition but could be lived in - there is a kitchen & bathroom. It's a studio but easily converted into a 1 bedder.

I understand studios are difficult to finance via a mortgage. I have finance arranged.

Say its on at 100k, where would you pitch your opening bid without ruining credibility?

Flat is vacant & looks like a probate sale.

Cheers all

Comments

  • James_3_2_2
    James_3_2_2 Posts: 11 Forumite
    I'd say start at 86-88K
    You can always haggle from there.
  • Fire_Fox
    Fire_Fox Posts: 26,026 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Why is the flat a studio when it has the capacity to be a one bedroom? Are you completely confident you'd get permission from the freeholder to alter the layout? Are you completely confident the proposed layout would meet fire regs and not need planning permission?
    Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️
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