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145K House - vendor says she's refused 143K offer?
Comments
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somethingcorporate wrote: ȣ70k not as nice? because you can tart up a house quite nicely with that kind of money...
This house is on a private estate and it looks like someone bought up a bit of land in '99 that was too close to the motorway to be of any interest to anyone else and built 20 houses on it.0 -
Says it all really. People who use HN have huge confidence in their property and usually use about 28 pictures to prove it. Often, all they do is highlight their own particular brand of bad taste.
No doubt the sellers have misplaced confidence in their negotiating ability too, as they have demonstrated.
The vendor bought the house just at the end of the boom, spent a lot on it and now cannot countenance 'giving it away.'
If you are interested enough, have a look on Nethouseprices to see what was paid and what similar houses in that location are fetching. The latter figure will be close to the amount the house is worth, because prices are set by those who actually sell, not those who would like to, on their own terms.
...Anyway what I meant to say was, would any sane person choose to live 150m from a motorway?
It's the proximity to the motorway that, in my opinion, totally devalues it.0 -
Actually I just measured the distance to the motorway on Google Earth... and it 51 metres, not 150!! I never was any good at estimating...that's ridiculously close.0
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Personally I wouldn't even bother viewing a house that close to a motorway. Good luck to the vendor getting rid of it at twice the price of the nearest competitors! It would have to be a lot nicer indeed just to sell in that location, never mind at a premium price.
OP, there must be better options available somewhere between the £70k houses in the middle of the estate and this one? What else would £145k get you in the area?0 -
but in it's actual postcode area you can buy houses for around 60K
I didn't realise houses were on the market for that low anymore. In fact, i cant remember the last time i even saw a flat for sub £100K0 -
If you think the house is worth £145,000 and you like it, then buy it. If you think it's worth less than £145,000 walk away. They should of course make it clear on House Network that it's "£145,000 no offers" like many people do when selling cars.It's someone else's fault.0
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Where is it? Tripoli?
I didn't realise houses were on the market for that low anymore. In fact, i cant remember the last time i even saw a flat for sub £100K0 -
Bit of general advice - you are better buying a bad house in a good area than a good house in a bad area. The house can be improved - the area (or in this case motorway) can't. You will really struggle to sell it when the constant roar of traffic forces you out. It sounds overpriced but can't say without seeing it. Do a sold price search on the postcode and look for one of these other 20 houses - post the prices and I'll try to advice - include the dates. if you can find what she purchased for and when even better0
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