What's wrong with this property(ies)?

Lokolo

Hello y'all.

So my parents are wanting to buy a new house, and as a future buyer I've been looking myself (just to get a feel for it, although I am having to hold myself back, gets way too exciting!)

However, I've seen this property:

http://www.rightmove.co.uk/property-for-sale/property-32784530.html

Price Paid in 2010: £138k

Re-carpeted, re-fitted kitchen and bathroom. Now property is empty.

Property up Feb 2011: £157,500
Price Change 12th April: £154,999
Price Changed 30th April: £149,950

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Down the same road the same sort of property is also for sale

http://www.rightmove.co.uk/property-for-sale/property-30900722.html

24th August: £169,950
Price Change 9th October: £167,500
Price Change 13th November: £160,000
Price Change 10th January: £159,950
Sold 4th March but fell through 14th April

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I have lived in Wyc for the whole of my life so I know the area quite well, this isn't the most desirable of areas, but it still isn't that bad. But I can't see why they aren't selling. For the price and the size of the rooms it looks quite nice.

Any ideas?

globalds

Are they Flat roofs ?

Lokolo

Yes ...............................

silvercar

Looks like some damp problem near the roof; could be as simple as blocked guttering, or could be a sign the roof is failing.

Werdnal

Just a thought - Could the flat roofs compromise mortgage deals? Anything that is considered "non-standard" construction can have an affect on how much you can borrow or if you can borrow at all!

Similarly, buildings insurance may be difficult.

Blobby8_2

Whats wrong with it ? Its got a flat roof,also known as a money pit.

Lokolo

Sorry internet's been down!

Hmm flat roof = bad. Something learned I guess.

I quite liked it with a flat roof ha.

What sort of costs would there be to raise a roof, or get proper flat roof? Googling seems to result in nothing but Everest (who I hear are a rip off)....

PasturesNew

Fact is ... they're ugly as f**k.

Lokolo

LOL I like them!

My mate has the same opinion as you though.....

I guess I may have bad taste...

PasturesNew

Looking at others in that road that have been on the market in the past two years and sold/not, those are over-priced.
http://www.rightmove.co.uk/house-value.html?searchLocation=HP13+7UE&displayPropertyType=houses&bedrooms=2&radius=0.0&sellersPriceGuide=

Lokolo

It's odd, theres 2 roads, got very confused when I drove there earlier. The first one is actually on Misbourne Avenue, the road below Hennerton. The thing I like with the first house (one with the developer) is that there is a 1 story outhouse, which is connected, so I was thinking along the lines of extending it at some point in the next 10 years (if possible), to have a second story.

The first property I also got wrong and has been on the market for almost a year now, after being bought a few months later for £138k.

http://www.rightmove.co.uk/house-prices/detail.html?outcode=HP13&incode=&streetName=MISBOURNE+AVENUE&locality=HIGH+WYCOMBE&country=england&buildType=1&propertyType=0&yearSelection=20&columnToSort=DEED_DATE&sortOrder=ascending&summaryIndex=0&hideBackToSummary=true

You can see that here.

Although as you say, they could be said as overpriced, just generally in High Wycombe, it's either a house like this, or a flat, up to around £175k where the options kind of broaden, and I don't particularly want to live at home, nor rent for a long period of time.