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How Much To Offer On £120000 PROPERTY

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mercyade
mercyade Posts: 10 Forumite
in House buying, renting & selling
we are about to make an offer on a property that has an asking price of £120000.We are FTB and have covered everything such as deposit and have an agreement in principle.
We live in the midlands,leicester and the postcode for the location of the property is LE4 2ED to be precise.
We would need advice on how much realistically this property is worth so we are not overpaying.

We will really appreciate suggestions as we are very inexperienced.

Thanks
«1

Comments

  • poppysarah
    poppysarah Posts: 11,522 Forumite
    It looks like it's not been on for very long:
    05 July 2011
    • Brief Description changed: Draft Details - Awaiting Vendor Approval Modern town house proeprty offered for sale with no upward chain and having three bedrooms, lounge, kitchen, utility room, ensuite shower room and family bathroom. Benefits include driveway parking and gardens. png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAAQCAYAAAAf8%2F9hAAAABGdBTUEAAK%2FINwWK6QAAABl0RVh0U29mdHdhcmUAQWRvYmUgSW1hZ2VSZWFkeXHJZTwAAAJ5SURBVDjLfZJtSFNRGMenRkgY1BKiL30yEkqJrCjrgxBB5Qtmyy3NcGoUuqD5skEm%2BZZizpTUmZEw33ML06lzGoQKtRRETXM2Z1LOTBs6LNNw9%2Fw7d%2BIiuevAj3vO4fx%2Fz%2BE5lweAtxVRvp5Pqaf8psAF3RQfngtBa1OvCet2Bq5Ge%2F80K5nkCntR7AwhsP0imF8msCwRfF4k%2BGQlmFxgYF7YEKerDJzV90vKexwHZm0EX2hw6juBaZ6B8RuDsa8MRiwbggL1IP57A7b6NK36kYbH5xiM0vCwhRXYHYKMmnd%2FgwlH%2BdvunPTOehy623ZLlrfO9oCVbA72JsMzjEPK2QP5Gb5UGewJxcXtKBLsQ2JKBkR5OkfHq%2FQfnKKlH2uONd0f%2FecVioM8OzXyC%2BhRRKFAeBC3A3dAfHwn7ob71tCD5rnFlc3gKiVjM%2BcUlEbsqZ4xqLE81IT3Lx6gXyXDUMsjpGQqRip1Y2zwJ0W6tWfOyZUQQepEYxpZHW8FTFqsGdvRX5dORLlaKw0mcP0vTsHekAYPXkDFE3VxNplU3cREXQrMdRKoCnOI%2B5Gycu9zlR4uBbvON7l5nNbkykunGL0VkGvfQqo2QFJtwLNhIDHfZHc%2FUZvpFVThxik4FfEwNS2nDc%2BNBMkDwI0%2B4LoeiNQAV%2BsJcrsIxMnNJDD0noxTMFt4CAPqUiSp5xHbAcRoCIQ1BBFVBGFPAYFiAYPNSkxl%2B4JTYFYGv6mVxyBU2oe4LiC%2BGxDrKPR7rQU4G9eBl%2FejMVEW1sspMDUk8V%2BVxPsHRDZkHbjcZvGL7lrxj%2Bpe8xN2rviEa63HLlUVvS6JPWxqlPC5BH8A3ojcdBpMJSoAAAAASUVORK5CYII%3D
    07 June 2011
    • Initial entry found. png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAAQCAYAAAAf8%2F9hAAAABGdBTUEAAK%2FINwWK6QAAABl0RVh0U29mdHdhcmUAQWRvYmUgSW1hZ2VSZWFkeXHJZTwAAAJ5SURBVDjLfZJtSFNRGMenRkgY1BKiL30yEkqJrCjrgxBB5Qtmyy3NcGoUuqD5skEm%2BZZizpTUmZEw33ML06lzGoQKtRRETXM2Z1LOTBs6LNNw9%2Fw7d%2BIiuevAj3vO4fx%2Fz%2BE5lweAtxVRvp5Pqaf8psAF3RQfngtBa1OvCet2Bq5Ge%2F80K5nkCntR7AwhsP0imF8msCwRfF4k%2BGQlmFxgYF7YEKerDJzV90vKexwHZm0EX2hw6juBaZ6B8RuDsa8MRiwbggL1IP57A7b6NK36kYbH5xiM0vCwhRXYHYKMmnd%2FgwlH%2BdvunPTOehy623ZLlrfO9oCVbA72JsMzjEPK2QP5Gb5UGewJxcXtKBLsQ2JKBkR5OkfHq%2FQfnKKlH2uONd0f%2FecVioM8OzXyC%2BhRRKFAeBC3A3dAfHwn7ob71tCD5rnFlc3gKiVjM%2BcUlEbsqZ4xqLE81IT3Lx6gXyXDUMsjpGQqRip1Y2zwJ0W6tWfOyZUQQepEYxpZHW8FTFqsGdvRX5dORLlaKw0mcP0vTsHekAYPXkDFE3VxNplU3cREXQrMdRKoCnOI%2B5Gycu9zlR4uBbvON7l5nNbkykunGL0VkGvfQqo2QFJtwLNhIDHfZHc%2FUZvpFVThxik4FfEwNS2nDc%2BNBMkDwI0%2B4LoeiNQAV%2BsJcrsIxMnNJDD0noxTMFt4CAPqUiSp5xHbAcRoCIQ1BBFVBGFPAYFiAYPNSkxl%2B4JTYFYGv6mVxyBU2oe4LiC%2BGxDrKPR7rQU4G9eBl%2FejMVEW1sspMDUk8V%2BVxPsHRDZkHbjcZvGL7lrxj%2Bpe8xN2rviEa63HLlUVvS6JPWxqlPC5BH8A3ojcdBpMJSoAAAAASUVORK5CYII%3D


    So they might not want to accept low offers.


    Have you viewed this one?
    http://www.rightmove.co.uk/property-for-sale/property-27830840.html

    or that one
    http://www.rightmove.co.uk/property-for-sale/property-32495918.html
    which has been on longer - just needs some redecoration maybe and is already loads cheaper and might be got for even less.


    IF you haven't viewed these other properties then I think you should before you make an offer on the first one.
    See beyond the wallpaper and disability shower.
  • moneyuser
    moneyuser Posts: 1,085 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    If it's the one on marwood road it looks overpriced. Wouldn't even put an offer in. Could probably find something better for less.
  • DannyboyMidlands
    DannyboyMidlands Posts: 1,880 Forumite
    Work out what it's worth to you and then offer a bit less than that.
  • mercyade
    mercyade Posts: 10 Forumite
    would like to know how much and not more to pay for this property as we really like and we like the location
    would like someone to pls advice on how much it should really sell for.

    The house is on Marwood road, leicester and the postcode is le4 2ed.
    It is on the market for £120000.
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    It looks like it's not been on for very long:
    05 July 2011
    • Brief Description changed: Draft Details - Awaiting Vendor Approval Modern town house proeprty offered for sale with no upward chain and having three bedrooms, lounge, kitchen, utility room, ensuite shower room and family bathroom. Benefits include driveway parking and gardens. png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAAQCAYAAAAf8%2F9hAAAABGdBTUEAAK%2FINwWK6QAAABl0RVh0U29mdHdhcmUAQWRvYmUgSW1hZ2VSZWFkeXHJZTwAAAJ5SURBVDjLfZJtSFNRGMenRkgY1BKiL30yEkqJrCjrgxBB5Qtmyy3NcGoUuqD5skEm%2BZZizpTUmZEw33ML06lzGoQKtRRETXM2Z1LOTBs6LNNw9%2Fw7d%2BIiuevAj3vO4fx%2Fz%2BE5lweAtxVRvp5Pqaf8psAF3RQfngtBa1OvCet2Bq5Ge%2F80K5nkCntR7AwhsP0imF8msCwRfF4k%2BGQlmFxgYF7YEKerDJzV90vKexwHZm0EX2hw6juBaZ6B8RuDsa8MRiwbggL1IP57A7b6NK36kYbH5xiM0vCwhRXYHYKMmnd%2FgwlH%2BdvunPTOehy623ZLlrfO9oCVbA72JsMzjEPK2QP5Gb5UGewJxcXtKBLsQ2JKBkR5OkfHq%2FQfnKKlH2uONd0f%2FecVioM8OzXyC%2BhRRKFAeBC3A3dAfHwn7ob71tCD5rnFlc3gKiVjM%2BcUlEbsqZ4xqLE81IT3Lx6gXyXDUMsjpGQqRip1Y2zwJ0W6tWfOyZUQQepEYxpZHW8FTFqsGdvRX5dORLlaKw0mcP0vTsHekAYPXkDFE3VxNplU3cREXQrMdRKoCnOI%2B5Gycu9zlR4uBbvON7l5nNbkykunGL0VkGvfQqo2QFJtwLNhIDHfZHc%2FUZvpFVThxik4FfEwNS2nDc%2BNBMkDwI0%2B4LoeiNQAV%2BsJcrsIxMnNJDD0noxTMFt4CAPqUiSp5xHbAcRoCIQ1BBFVBGFPAYFiAYPNSkxl%2B4JTYFYGv6mVxyBU2oe4LiC%2BGxDrKPR7rQU4G9eBl%2FejMVEW1sspMDUk8V%2BVxPsHRDZkHbjcZvGL7lrxj%2Bpe8xN2rviEa63HLlUVvS6JPWxqlPC5BH8A3ojcdBpMJSoAAAAASUVORK5CYII%3D
    07 June 2011
    • Initial entry found. png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAAQCAYAAAAf8%2F9hAAAABGdBTUEAAK%2FINwWK6QAAABl0RVh0U29mdHdhcmUAQWRvYmUgSW1hZ2VSZWFkeXHJZTwAAAJ5SURBVDjLfZJtSFNRGMenRkgY1BKiL30yEkqJrCjrgxBB5Qtmyy3NcGoUuqD5skEm%2BZZizpTUmZEw33ML06lzGoQKtRRETXM2Z1LOTBs6LNNw9%2Fw7d%2BIiuevAj3vO4fx%2Fz%2BE5lweAtxVRvp5Pqaf8psAF3RQfngtBa1OvCet2Bq5Ge%2F80K5nkCntR7AwhsP0imF8msCwRfF4k%2BGQlmFxgYF7YEKerDJzV90vKexwHZm0EX2hw6juBaZ6B8RuDsa8MRiwbggL1IP57A7b6NK36kYbH5xiM0vCwhRXYHYKMmnd%2FgwlH%2BdvunPTOehy623ZLlrfO9oCVbA72JsMzjEPK2QP5Gb5UGewJxcXtKBLsQ2JKBkR5OkfHq%2FQfnKKlH2uONd0f%2FecVioM8OzXyC%2BhRRKFAeBC3A3dAfHwn7ob71tCD5rnFlc3gKiVjM%2BcUlEbsqZ4xqLE81IT3Lx6gXyXDUMsjpGQqRip1Y2zwJ0W6tWfOyZUQQepEYxpZHW8FTFqsGdvRX5dORLlaKw0mcP0vTsHekAYPXkDFE3VxNplU3cREXQrMdRKoCnOI%2B5Gycu9zlR4uBbvON7l5nNbkykunGL0VkGvfQqo2QFJtwLNhIDHfZHc%2FUZvpFVThxik4FfEwNS2nDc%2BNBMkDwI0%2B4LoeiNQAV%2BsJcrsIxMnNJDD0noxTMFt4CAPqUiSp5xHbAcRoCIQ1BBFVBGFPAYFiAYPNSkxl%2B4JTYFYGv6mVxyBU2oe4LiC%2BGxDrKPR7rQU4G9eBl%2FejMVEW1sspMDUk8V%2BVxPsHRDZkHbjcZvGL7lrxj%2Bpe8xN2rviEa63HLlUVvS6JPWxqlPC5BH8A3ojcdBpMJSoAAAAASUVORK5CYII%3D


    So they might not want to accept low offers.


    Have you viewed this one?
    http://www.rightmove.co.uk/property-...-27830840.html

    or that one
    http://www.rightmove.co.uk/property-...-32495918.html
    which has been on longer - just needs some redecoration maybe and is already loads cheaper and might be got for even less.


    IF you haven't viewed these other properties then I think you should before you make an offer on the first one.
    See beyond the wallpaper and disability shower.


    Sorry I thought if you were reposting your question then I'd repost my answer.
  • Caroline73_2
    Caroline73_2 Posts: 2,654 Forumite
    mercyade wrote: »
    would like to know how much and not more to pay for this property as we really like and we like the location
    would like someone to pls advice on how much it should really sell for.

    The house is on Marwood road, leicester and the postcode is le4 2ed.
    It is on the market for £120000.

    Why don't you work out what you can afford, compare what you can afford to offer to what similar properties have recently sold for and then make an offer based on those facts. Otherwise you may as well pick a number out of thin air.

    You could also try being a bit more polite if you'd like people to help you.
  • theartfullodger
    theartfullodger Posts: 15,691 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 8 July 2011 at 11:37AM
    £77.32k...


    Cheers!

    Artful
  • jc808
    jc808 Posts: 1,756 Forumite
    I would offer £121,098.76 but ONLY if there were 42 double gang power sockets through the house. If there are less I would need to consult my web forum.
  • flora48
    flora48 Posts: 644 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Looks overpriced to me. You can do much better in the immediate area. Widen your search on Rightmove.
  • martinthebandit
    martinthebandit Posts: 4,422 Forumite
    Eighth Anniversary 1,000 Posts
    Based on the principles that its far easier to raise an offer than it is to reduce it and that its polite to actually answer the question thats asked rather than a different one.

    I would start somewhere around the 105k mark and see what happens.

    But this is based on nothing more than the asking price.
This discussion has been closed.
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