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New build, part exchange and offer price?

Hello,

I am looking at buying a new build with Crest Nicholson in Surrey. The 2 bed house is the last one available with an asking price of £319,000 (others had asking prices varying between £250k and £310k depending on their location in the development, size of garden, terraced /semi etc). I think £319k is far too much for a 2 bed house (semit-D).

My flat is on the market for £174,000, Crest have offered £160k as part exchage. I would like a few £ more than that, although they have offered a bit more than I paid for it in 2006 so that is good news.

What should I offer on the 2 bed house and should I ask for incentives? i.e. carpets, upgraded work surfaces, stamp duty etc. I dont want to insult them by going in too low and therefore them writing me off as a time waster, but equally I dont want to (cant afford) to pay too close to the asking price.

Has anyone any similar experiences or advice on how to close the gap?

Thanks in advance!

Comments

  • downs523
    downs523 Posts: 866 Forumite
    Part of the Furniture Combo Breaker
    How big is the one you want compared to the others sold? Is it the best of them all? Do you know what similar sized houses from the same developer sold for?
  • cstreet
    cstreet Posts: 29 Forumite
    Hi,
    The house is the same size as the others which were on the market for less. none of them have been built yet, due for completion in October so impossible to tell what price they actually went for. I really dont know why it is the most expensive - there is no obvious reason.
  • geoffky
    geoffky Posts: 6,835 Forumite
    Post us a link so we can see what you get for 319k
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
  • cstreet
    cstreet Posts: 29 Forumite
    I can't Post a link but it's crestnicholson.com/noblepark
  • Taadaa
    Taadaa Posts: 2,113 Forumite
    That's a lot of money for what is essentially a two up two down. Guess that is what you pay for a KT postcode.

    Appliances already come with the house, but it is the last one presumably so you should be able to negotiate free carpets. I've got to be honest though l wouldnt touch a new build with a barge pole.
    I have had many Light Bulb Moments. The trouble is someone keeps turning the bulb off :o

    1% over payments on cc 3.5/100 (March 2014)
  • geoffky
    geoffky Posts: 6,835 Forumite
    Not for me i am afraid...typical teapot houses that i would cry if i had to pay over 315k for...
    It is nice to see the value of your house going up'' Why ?
    Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
    If you are planning to upsize the new house will cost more.
    If you are planning to downsize your new house will cost more than it should
    If you are trying to buy your first house its almost impossible.
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