Neighbouring house on market for £40k less!!!

thedalmeny

Personally, i'd want the end terrace, i'd never consider a mid terrace house. Then again, the price difference between the two is quite substantial, so can appreciate why you're questioning it... Difficult one.

I_have_spoken

Just going on the selling prices, I'd say there's enough value in the larger property to warrant the difference. There's loads of value-add features, not least being end-terrace. I lived in a mid-terrace for years and TBH it got vexing it was never quiet as one or other neighbour was always 'in'.

However, the poor condition of the roof is an issue, esp. as you've only got a £6,950 reduction on the asking price. 2.4% off in the current market isn't so clever.

Do you know how long the property had been on the market and if there was a lot of interest? Given a £14k repair estimate, most buyers would use that as a negotiating lever with the EA to get the price reduced by a chunkier figure.

ognum

I would go for the end of terrace any day!

ElkyElky

At least if you go with the mid terrace, you've got double the chance of having neighbours from hell. End of terrace all the way!

wannahouse

both lovely houses!!!!!

you only have one life, so go with what makes your heart happy!

paddedjohn

Both nice, if you went for the mid terrace you would possible save on heating bills, will save on council tax and save £60k to boot.
Ask yourself, if you already lived in the mid terrace would you pay £60k to move into an end terrace that was slightly larger?

jacobtheamish

Just the fact its an end terrace has to be worth 5-10% more

monty-doggy

At least a middle terrace won't end up with problems on the side wall. Lots of ends can suffer.

But I like the layout of the end one.

Do you want to live in a building site while they make the other one exactly the same, and virtually the same cost, and no side access??

bluedrop

jacobtheamish wrote: »

Just the fact its an end terrace has to be worth 5-10% more

Exactly. I'd not pay more than 10%...but that's just me.

Did you do a real comparison ? Did you calculate price per sft for the two ?

cwcw

I think for the £40k difference (forget the stamp duty, that's not the house or seller's problem) then you are getting quite a bit extra for your money:

- Extra bedroom
- End of terrace
- Larger kitchen
- Utility room
- Downstairs wc

If you want or need these features and had them added to the other house (apart from the end of terrace) I think you'd be lucky to have much change from £40k. You would need a further loft conversion, a new ground floor extension and plumbing in and fitting of a downstairs wc. At the end of it, you'd have gone through a load of hassle, mess, possible cowboy builders, and still have 2 sets of adjoining neighbours.

So if you can afford the bigger, end of terrace and you're happy with that then I'd go for it. If your budget is tight and you don't need the space right now but would like the potential, go for the cheaper one.

FWIW we had a similar situation, although we found the cheaper one first and in the end we bought the more expensive one. The cheaper one was under budget and had a lot of potential but a lot of work, especially with a new baby in tow. The more expensive one was just within budget but had a lot of features we talked about giving to the cheaper one, already done for us. For £30k more, we got an extra reception room as an extension, a south facing rear garden rather than north, a new roof, new door and windows throughout, new bathroom, downstairs wc and ready to move into, with no hassle of a major project with a young family. I'm happy we made the right choice for us.