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I_have_spoken

It strikes me that your potential buyers are in two groups -

1) BTL LLs will be thinking about the asking price vs. yield achievable but they won't have an existing tenant to ensure rental income so risk a void. Potential LL will also be thinking about the costs to bring the house up to a good condition to re-let.

2) Private buyers will see a tenanted property and worry about the tenants getting "cute" and either not vacate until you get a court order or leave the place in a shambles. Either way, it's a risk. They may also feel they're being 'rushed' in viewing, due to the tenant's expectations for 'quiet enjoyment'.

I know London prices are a law unto themselves, but the presentation is pretty poor for £210,000 with the cleaning spray bottles in the kitchen etc. I'd be mentally budgeting for £5,000 just to redecorate, with all the hassle of not being able to move in right away.

I'd suggest awaiting vacant possession, then spending £1500 on sprucing up to get the asking price.

phoebe1989seb

Just to say that I agree it's a very cute little house and once your tenants have vacated - along with their clutter - and you've had a chance to pretty the garden up, I can't imagine you'll have too much problem selling. I certainly wouldn't drop the price at this stage

Good luck

Windsorcastle

phoebe1989seb wrote: »

Just to say that I agree it's a very cute little house and once your tenants have vacated - along with their clutter - and you've had a chance to pretty the garden up, I can't imagine you'll have too much problem selling. I certainly wouldn't drop the price at this stage

Good luck

Thanks for the kind words Phoebe!

Windsorcastle

Accepted an offer yesterday - bit below asking price but was happy enough with that to get a quick sale and not have place sitting empty for months on end.

Thanks for all comments, constructive criticism and encouragement. :beer:

Errata

V pleased to read you've had an offer and I hope everything goes smoothly. I think it's a lovely house, although I live in the north of England so the price made my eyes water

lessonlearned

Windsorcastle wrote: »

Accepted an offer yesterday - bit below asking price but was happy enough with that to get a quick sale and not have place sitting empty for months on end.

Thanks for all comments, constructive criticism and encouragement. :beer:

Great news. Good luck.

DaftyDuck

Fingers crossed. Hope it goes through smoothly for you.

phoebe1989seb

Brilliant news Windsorcastle - hope it all goes according to plan for you

Windsorcastle

Thanks for lovely comments and good luck messages - same back to all of you!! Keeping fingers crossed now and holding breath...;)