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Need opinion on this property and price

24

Comments

  • SUESMITH wrote: »
    i'm all for a cheeky offer but that is just way too low.

    our house was a derelict shell when we bought it - rotten floors and windows, damp course breached, water running down the walls inside and dangerous electrics to name a few bits. that house isn't in the same league.

    you could live in that quite easily. the bathroom is reasonably modern and it looks like an old person had had it.

    a rotten shed and ceiling tiles doesn't make it worth half its value - i think you need to do a bit more research.

    can you give us a right move link for the comparable ones that are much cheaper?

    Hi there, the bathroom is what you would call ok, I wouldnt live in the bathroom though. When your in the property, its clear you cannot live in it, even the EA said this.

    Again we knew the first offer was unrealistic, still it was somewhere to work up from. You can check out page 7, 8 and 9 on right move if you search, Walney Island. I never said they were much cheaper either, I said they were on the market for less and you could move in without having to do nothing.

    I wish people wouldn't get hung on our low first offer....Its not just a shed and some ceiling tiles either, is everyone missing full heating system and what looks like the electrics needing done and a few other things as well.
  • Cornucopia
    Cornucopia Posts: 16,505 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your big expenses are a new Kitchen and Central Heating. I would suggest you estimate £15-25K for those, and look to offer in the region of £95-105K.
  • mysterywoman10
    mysterywoman10 Posts: 1,666 Forumite
    edited 13 February 2013 at 12:37AM
    It isn't really us you have to convince? Mouseprice gives averages for that area and street and it says it is one of the most expensive streets. Even distances to schools of a few hundred feet can make a difference to the price of a property.

    I can't find a compariable property that is less on rightmove but appreciate it is different if you see something in person. The nearest house for sale on the next street around the corner is this one

    http://www.rightmove.co.uk/property-for-sale/property-33082270.html

    For £154,000 I can't see it needing £50,000 spending on it, it's not that bad!

    I agree with the others you are unlikely to get it for less than £100k but you may do we can't possibly be certain can we really?
    The most wasted day is one in which we have not laughed.
  • phoebe1989seb
    phoebe1989seb Posts: 4,452 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 13 February 2013 at 12:43AM
    SUESMITH wrote: »
    i'm all for a cheeky offer but that is just way too low.

    our house was a derelict shell when we bought it - rotten floors and windows, damp course breached, water running down the walls inside and dangerous electrics to name a few bits. that house isn't in the same league.

    you could live in that quite easily. the bathroom is reasonably modern and it looks like an old person had had it. the garden in the pics is beautifully kept

    a rotten shed and ceiling tiles doesn't make it worth half its value -

    Same here - our current house had the internal walls stripped right back to bare stone with water similarly running down them, a rudimentary bathroom, no kitchen, no lighting downstairs and a derelict room that had been boarded up for the twenty years the previous owner had been in residence. Luckily he had added a new thatched roof and oil heating though ;) It was considered unmortgageable and uninhabitable - but that didn't stop us moving straight in, LOL! Almost two years down the line many rooms are still awaiting plastering and apart from in our new kitchen extension we have no floor coverings yet.......just bare concrete in some d/stairs rooms!

    The asking price was already low as the house had been to auction and failed to sell. We made a sensible offer and were able to move fast - completed within five weeks - so the vendors accepted.

    OP, there's cheeky offers and cheeky offers - and nearly 50% off asking price is beyond cheeky IMHO :o
    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
  • PS Arrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrh I'm addicted to rightmove as it is and now I'm looking at houses in Walney Island!! :wink:

    Strange place isn't it? Quite wild looking by the coast :)
    The most wasted day is one in which we have not laughed.
  • Cornucopia wrote: »
    Your big expenses are a new Kitchen and Central Heating. I would suggest you estimate £15-25K for those, and look to offer in the region of £95-105K.

    A house like that doesn't justify a 20K kitchen. I would say 3k at most (fitted). And change from 5K for central heating
  • It isn't really us you have to convince? Mouseprice gives averages for that area and street and it says it is one of the most expensive streets. Even distances to schools of a few hundred feet can make a difference to the price of a property.

    I can't find a compariable property that is less on rightmove but appreciate it is different if you see something in person. The nearest house for sale on the next street around the corner is this one



    For £154,000 I can't see it needing £50,000 spending on it, it's not that bad!

    I agree with the others you are unlikely to get it for less than £100k but you may do we can't possibly be certain can we really?

    We can but try....we just love a bargain! :) And yes Walney is quite wild looking. The property you linked too, we are having a second viewing on that one. It was really nice inside, lovely french doors leading to the conservatory. Th outbuilding is fairly new and is split in two and is fully insulated. It is about 5 seconds from one of the schools. It was a lovely house. The house we put the cheeky offer on we liked as its a blank canvas.

    Ive looked on that mouseprice, good little site. On Strathmore, the most expensive property sold was around 134k, back in 2007 during high prices.

    I may go in tomorrow with an improved offer of 80k and see what happens.

    I am too obsessed with Right Move too. The beaches and views are lovely from the island.

    Thank you for your comments. :)
  • Cornucopia
    Cornucopia Posts: 16,505 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    £3k? Where do you get your kitchens from - I want one. :)
  • Tyler119
    Tyler119 Posts: 341 Forumite
    Same here - our current house had the internal walls stripped right back to bare stone with water similarly running down them, a rudimentary bathroom, no kitchen, no lighting downstairs and a derelict room that had been boarded up for the twenty years the previous owner had been in residence. Luckily he had added a new thatched roof and oil heating though ;) It was considered unmortgageable and uninhabitable - but that didn't stop us moving straight in, LOL! Almost two years down the line many rooms are still awaiting plastering and apart from in our new kitchen extension we have no floor coverings yet.......just bare concrete in some d/stairs rooms!

    The asking price was already low as the house had been to auction and failed to sell. We made a sensible offer and were able to move fast - completed within five weeks - so the vendors accepted.

    OP, there's cheeky offers and cheeky offers - and nearly 50% off asking price is beyond cheeky IMHO :o

    We're cheeky folk I guess! Mostly in a good way though! :) We will be going in with a higher offer, more viewings on other properties tomorrow though. Too much choice in the area! The worst part is most of the houses are the same design.

    We will continue with our bargain hunting!

    Cheers again!
  • Tancred
    Tancred Posts: 1,424 Forumite

    Where I live a house like this would be on the market for around £300k. It just goes to show what a huge gap there is between north and south in this country.
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