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Zammo

clutton wrote:

houses dont sell for two reasons - they are too dear, or there is something wrong with them.

One reason.

If there is something wrong with a house it should be priced to reflect that.

RHemmings

clutton wrote:

houses dont sell for two reasons - they are too dear, or there is something wrong with them.

Could there be a third reason, that there aren't buyers. If you have a large impressive property in a remote location then it might just happen that there aren't enough buyers around who can afford it. And the time required to wait for a buyer able to afford the property might be quite long. Such as a person rich enough to buy such an impressive property only comes along every few years in that remote area. There would then be two prices, one for an immediate sale which is set by the available finances of current potential buyers, and another set by the available finances of buyers likely to turn up in the next two years or so. I don't think we could say that the value of the house has changed, and hence the problem is not the price, but the available buyers.

I'm splitting semantic hairs. But I think the price can be one problem, and the local market at any point in time a separate matter.

seven-day-weekend

This is a mid-terrace house in a popular area and it is immaculate.

It has two bedrooms and a loft conversion and is priced at £175k. (WV6 0EQ)

I think it is too expensive as there is only so much people will pay for a mid-terrace,however nice it is. The other thing that may be putting buyers off is the EA says legal advice must be taken about the flying freehold. We have contacted him and he says this clause is quite normal in the case of a flying freehold, and there is not a problem - just that as a professional he must point out the fact that there is a flying frehold.

Merlin139

Is the house in Newbridge Street?

seven-day-weekend

It sure is!

Merlin139

Don't know the area but the only thing that caught my eye was this:

NB Please note that part of the first floor of Jericho Cottage extends over the covered side passage of No 79 Newbridge Street. Purchasers should consult their solicitor in respect of this. Does this cause a problem?

Also in the list it is right below a 4 bed semi and a 3 bed end terraced both for the same price. From this I would say its over priced.

It does look like a very nice property.

clutton_2

have you looked on nethouseprices to see what houses have actually sold for in that street ?

seven-day-weekend

Merlin139 wrote:

Don't know the area but the only thing that caught my eye was this:

NB Please note that part of the first floor of Jericho Cottage extends over the covered side passage of No 79 Newbridge Street. Purchasers should consult their solicitor in respect of this. Does this cause a problem?

It does look like a very nice property.

This is the flying freehold I mentioned earlier, they are quite commom on terraced houses, but the EA said as a professional he had to point out that there was one. There are not any problems with it (I discussed this very point on another thread recently).

It is a very nice property. So is the one on the left. (This one is mine)!

seven-day-weekend

clutton wrote:

have you looked on nethouseprices to see what houses have actually sold for in that street ?

Difficult, because a) not many go up for sale as people like living here and b) thee are many different house types in the street and even the terraced houses are all slightly different.

chivers1977

what about the 3 bed for £125k on the same street!