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

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Comments

  • phoebe1989seb
    phoebe1989seb Posts: 4,452 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 21 June 2013 at 8:16PM
    They are both nice houses, but personally I do prefer the end of terrace and as others have posted I wouldn't want to live in a mid-terrace. To get the cheaper house as you want it size-wise would definitely cost more than the difference in price between the two properties IMHO and at the end of the day it will still be a mid-terrace. Just the thought of all that building mess being carted through the house with no side access would be enough to deter me ;)

    We had a very large extension built during last year's incredibly wet summer and if we'd not had a drive giving access for the builders and their equipment I don't think I could have coped with all the mud :o

    OTOH, having made the mistake of buying a run-down project house for £280k a few years back then selling three years later for only £250k as a result of issues arising from he SDLT threshold (despite having spent more than £40k on it), I would always be wary of buying somewhere in that *dead zone* of £250-£280k, although tbh Gloucs is not Essex, lol!

    I can therefore see why you'd be having a fit of the wobbles, but if your heart is saying go with the original house, that's what I would do........
    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
  • Talc1234
    Talc1234 Posts: 273 Forumite
    Seventh Anniversary 100 Posts Combo Breaker
    Both are nice. I would buy the mid terrace. With the more expensive one I would always wonder if I paid too much which would spoil my enjoyment of it.

    Also first one urgently needs a new roof. Second can be extended at your leasure.
  • Fraise
    Fraise Posts: 521 Forumite
    I think the cheaper one looks nicer and it has a better view. The garden is prettier too. It's subjective I suppose, but I don't see the problem with a mid terrace? In some ways it's safer with regards to burglars and it's cheaper to heat than end of terrace that's more open to the elements. Swings and roundabouts I guess. I would go for the cheaper one though.
  • Wellieboot
    Wellieboot Posts: 34 Forumite
    Thanks loads to everyone for your advice, ideas and opinions :) Am very glad I posted - all really useful stuff.

    Will go to see the cheaper property tomorrow, which will hopefully help me make my decision.

    Cheers!
  • Ellie007
    Ellie007 Posts: 181 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I actually prefer the cheaper one (very unlike me!). I lived mid-terrace for years and never thought it an issue. The garden is much prettier, and it is a huge difference in price which personally I would struggle to justify. Although I much prefer the kitchen in the end-of-terrace.

    See what your gut tells you when you visit the cheaper one...
  • mail2z
    mail2z Posts: 140 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I believe financially you will be better off buying the cheaper house, when you come to sell you wont regret as you can price it competitively. Just my thought.
  • bouicca21
    bouicca21 Posts: 6,699 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The kitchen would put me off the cheaper house. Whether the end one really is worth 40K more is for you to decide - why not try to renegotiate?
  • richardvc
    richardvc Posts: 1,171 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    I think you are comparing apples & oranges !

    End of terrace sounds better.

    If you are unsure buy the mid terrace, save £40k but get less !
    Thanks to MSE I cleared £37k of debt in five years and I was lucky enough to meet Martin to thank him personally.
  • buzzyzoe
    buzzyzoe Posts: 477 Forumite
    Eighth Anniversary 100 Posts Combo Breaker I've been Money Tipped!
    I prefer the mid terrace in terms of style and garden.

    Agree with the majority in that, if you were to put all the additional features into the mid terrace, you'd end up spending around the same and would have the hassle of building work, all of which has to come through your house.

    However, if you don't need all of the features mentioned, then save yourself the extra money and go for the mid terrace.
    Mortgage received 21/12/2018
    Mortgage at start - £261,980
    Current mortgage - £260,276
    Saving towards a loft conversion first, then to smash the mortgage down!
  • hi Wellieboot in the end it is your decision,
    imo .. i always said if i ever had the chance to buy a house i would never buy a terraced house as it would restrict access to the back. ie, sometimes its easier to get furniture through patio doors etc if you have them than a front door but considering the price difference i would consider it... but you are getting more for your money with the end terrace and like others have mentioned it many cost you the difference in price to do an extension etc plus you wouldn't have side access (it would never be a semi detached) which always adds some value compared with terrace houses..
    let us know how you get on tomorrow ... ultimately i would say follow your heart .. good luck
    200 weeks £25,000.00 / £700
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