A garden's value

pingu79

We have seen a property (A) we like that has a very large garden and was on market at £118k, we also viewed the same style house (B) that is on the cul-de-sac opposite at £105k Both properties are virtually identical semi's.
* Both have 1 double master bedroom and a large single room.
* B has driveway to front and is a smarter road compared to A's where they have scruffy concrete drive to the front with shared access.
*A had a very small extension to the kitchen.
* B has 2 storey bay to the front and A just 1 storey.
*Condition wise they are of similar standard too.
* B has an average 25x30ft garden, A's is about 35x50ft


While a large garden gives space to extend into we feel that as it is the bedrooms space that is lacking. It is unlikely that planning would allow a large enough 2 storey extension and for the cost involved would be cheaper just to buy a 3 bed house to start with (We are FTB so can't really afford a nice 3 bed at the mo)

The garden is just a large lawn, nothing has really been done with it and for most people would probably be way more than they would want to look after. Any views as to why such a high value has been placed on the garden?

sarah1975uk

pingu79 wrote:

We have seen a property (A) we like that has a very large garden and was on market at £118k, we also viewed the same style house (B) that is on the cul-de-sac opposite at £105k Both properties are virtually identical semi's.
* Both have 1 double master bedroom and a large single room.
* B has driveway to front and is a smarter road compared to A's where they have scruffy concrete drive to the front with shared access.
*A had a very small extension to the kitchen.
* B has 2 storey bay to the front and A just 1 storey.
*Condition wise they are of similar standard too.
* B has an average 25x30ft garden, A's is about 35x50ft


While a large garden gives space to extend into we feel that as it is the bedrooms space that is lacking. It is unlikely that planning would allow a large enough 2 storey extension and for the cost involved would be cheaper just to buy a 3 bed house to start with (We are FTB so can't really afford a nice 3 bed at the mo)

The garden is just a large lawn, nothing has really been done with it and for most people would probably be way more than they would want to look after. Any views as to why such a high value has been placed on the garden?

Just a thought but perhaps because of the extra land gives potential for building an extension, especially with high cost of housing going up and up and people now and in the future will find it cheaper in the longrun to extend rather than move house. its not what it is now so much but what it can be!!

silvercar

people love gardens so they push the price up. nothing wrong with a large lawn, more room for the kids to play out.

Liseyloo_2

I think that most people value land as an Investment and as mentioned by Sarah it gives scope for extension work - also most people feel like thay have more privacy with a lot of land around them and plenty of people will pay extra for that these days!

Rebob

I would go for b as it does not sound to have shared access which can be a nightmare and the larger garden means that any building on the adjacent plots will be kept further away.

pingu79

Thanks for the comments!

Its a bit of an awkward house, with the bedrooms it is unlikely to appeal to a family market, unless they just have the 1. There is a another similiar style semi nearby that is 3 bed with garage with average garden just gone for £120k

Rebob

Do not forget that the asking price is not the price people pay for houses. An offer can be made and the worst is that the vendor says no!

pingu79

True Rebob

We just couldn't work out where they came up with that valuation (originally it went on at £120k ) and the only thing that seems to be the difference in the garden. We are thinking of making an offer based of its value to us, they probably won't llike it mind.

sarah1975uk

pingu79 wrote:

True Rebob

We just couldn't work out where they came up with that valuation (originally it went on at £120k ) and the only thing that seems to be the difference in the garden. We are thinking of making an offer based of its value to us, they probably won't llike it mind.

a house is only worth what someone is willing to pay for it...look on the estate agents price as a guide, and remember estage agents inflate the selling price advertised to take into account the fact that most buyers will expect them to reduce the price!

bockster

are houses a and b for sale with the same agent?

from what i've seen in my street it can be like sticking a pin in a map blindfolded when it comes to different agents valueing similear properties!!

don't be afraid to go in low, and remember to check out sale prices on something like nethouseprices.com.

good luck.