Would you buy this house?

bluedrop

Dear all,
We are viewing a vacant property today.its been on the market for a few months now. Asking £300k. Sale history is as below:

Dec'03 200k
Jan'06 £230k
Aug'07 £275k
Feb'11 £250k

Wondering what's wrong with this house. Would you consider buying it if you were me?

Ivana_Tinkle

I can think of loads of perfectly innocent explanations for that pattern. Ask the vendor! (But also check out the area/neighbours v v carefully!)

bmar71n

if you like the property have a full survey done on the property by a chartered surveyor, it appears to have be sold frequently so maybe they could reveal any problems if they exist and how to remedy them.

If there are problems with the property, this should not put you off buying it, you should just factor in the cost of resolving them in any offer you make

Gra76

There could be a simple explanation for the number of sales. The only one that looks really short to me is the Jan '06 to Aug '07 sale and that could just be that they got a good enough price for it to make it worth selling. The current sellers maybe lost a job and can't make the repayments and it's been repossessed?

The only way you'll know is by asking and looking at it. If you're worried there's something wrong with the property then an all-singing all-dancing survey carried out on it should highlight anything seriously wrong.

Is it on a website? Do you have a link to the property?

BitterAndTwisted

They bought just over a year ago and they think the property has increased in value by 20%. Where is this property, Knightsbridge?

bluedrop

Here is the link
http://www.rightmove.co.uk/property-for-sale/property-22040076.html

MX5huggy

The owners keep slipping on all that wet decking and need to move to bungalows with wheel chair access.

bluedrop

Gra76 wrote: »

The only one that looks really short to me is the Jan '06 to Aug '07 sale

The current timeline is even shorter! They bought it in feb2011 ...it's been on the market for 3+ months atleast....

Uk_Lover

BitterAndTwisted wrote: »

They bought just over a year ago and they think the property has increased in value by 20%. Where is this property, Knightsbridge?

You might get a garage for that there !


I thought prices were similar to 2005-6 now in most places so I think its way over priced.

BitterAndTwisted

It's !!!!!! from the outside and that decking will cost money to get shot of. Not even Orpington has seen price rises of 20% in 12 months. The fact that it hasn't been snapped up by now is testament to that.

Strapped

They've tarted it up a bit and think that makes it worth an extra £50k.