What is a realistic offer?

clairecymru

What would you say is a realistic offer on this property?

http://www.rightmove.co.uk/property-for-sale/property-27030290.html?premiumA=true

I would probably want to move the downstairs bathroom into one of the bedrooms and turn the downstairs bathroom into a office / study. I am totally new at this type of thing. Just wanted to get peoples views on whether that was a sensible thing to do and how much money do you think that would all cost?

brit1234

I reckon about £85k going to £90k as final offer.

Property Bee info

History

dateevent19 July 2010

• Price changed: from '£109,950' to '£99,950'

23 February 2010

• Status changed: from 'New Price' to 'Premium Listing'

30 January 2010

• Brief Description changed: A refurbished Fully Refurbished Mid Terrace property situated in Pontllanfraith within easy access to schools and major road links. Accommodation briefly comprising to the ground floor entrance hallway, living room, dining room, fitted kitchen/breakfast room, utility room and a ground floor bathroom. To the firs... ...

27 January 2010

• Brief Description changed: A Recently Fully Refurbished Mid Terrace property situated in Pontllanfraith within easy access to schools and major road links. Accommodation briefly comprising to the ground floor entrance hallway, living room, dining room, fitted kitchen/breakfast room, utility room and a ground floor bathroom. To... To the ...
• Price changed: from '£114,950' to '£109,950'
• Status changed: from 'Available' to 'New Price'
• Brief Description changed: Fully Refurbished A refurbished Mid Terrace property situated in Pontllanfraith within easy access to schools and major road links. Accommodation briefly comprising to the ground floor entrance hallway, living room, dining room, fitted kitchen/breakfast room, utility room and a ground floor bathroom. To the ... firs...

17 September 2009

• Brief Description changed: A refurbished Recently Refurbished Mid Terrace property situated in Pontllanfraith within easy access to schools and major road links. Accommodation briefly comprising to the ground floor entrance hallway, living room, dining room, fitted kitchen/breakfast room, utility room and a ground floor bathroom. To the firs... To...

06 September 2009

• Initial entry found.

mark5

I would guess at 85-90000, whats the market like in Caerphilly?

The_Drama_Llama

That looks like it was bought and refurbed by a developer. It's been up since September 2009! Since then, the price has dropped from 115k.

I would look on Zoopla and work out what the developer paid, as they're unlilkely to want to sell for no profit whatsoever. So, say they bought it for 70k, and probably spent 20k on it, they won't want to dip below 90k.

What can you afford? Pick a price you'd like to buy for, and the max you'd pay...do some research and then offer slightly below the price you'd like to pay.

Good luck!

clairecymru

Looks like it was bought for £80,000 in 2005

ClaireyFairy

Id go for 85,000, increasing to 87,000 with a final offer of 90,000.

Regarding the bathroom/bedroom situation, I think I would leave the bathroom where it is. It is always better to have more bedrooms when it comes to reselling.

joerugby

ClaireyFairy wrote: »

Id go for 85,000, increasing to 87,000 with a final offer of 90,000.

Regarding the bathroom/bedroom situation, I think I would leave the bathroom where it is. It is always better to have more bedrooms when it comes to reselling.

With the greatest respect there's no evidence from the info provided that it's worth £90,000.

Suggest you look at sold house prices for 2010 in Pontllanfraith as a guide, and perhaps also look at Ystrad Mynach, Blackwood and Newbridge. Good luck!

FATBALLZ

Based on no personal knowledge of the area, but land registry figures for the area and sold prices for the road, £80k seems to be the most you want to be paying. If a developer has improved it (not just put twigs in vases on the mantlepiece) you could go a little higher, but not much.

greenface

What is a realistic offer?

Its a offer you are prepaid to make that you can afford to pay that they will accept.

With even more respect there is no evedence that the person bought in 2005 for £80k didnt buy a shell and spent many a wonga getting it upto a great standard . Its worth what someone pays. Reserch the rd the area the village the town the county and the country. If your not embarrased when you offer its not low enough IMHO

greenface

mark5 wrote: »

I would guess at 85-90000, whats the market like in Caerphilly?

About 100 stalls open tues fri & sat its ok a few tat stalls and a good pet shop but like most really