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

notanewuser

I wonder who buys all the mid-terraced houses then..............

MacMickster

I would certainly be trying to use the advertised price of the 2nd property to renegotiate on the first. I suspect that the seller will have been shocked to see it go up for sale at that price.

At the end of the day however, you need to consider whether you are buying an investment or a home. If an investment go for the cheaper house. If a home, go for the property that best meets your needs and lifestyle.

Good luck.

whomy5

Hi,

Theyre both beautiful houses and I can see the dilemma, but it looks like youre definitely getting more with the house you have put an offer on and if I had to choose, an end of terrace would always be my choice.

At the end of the day you should go with what you feel you will be happy to live in and call home. If you were willing to pay for the house you wanted anyway, I would be wary of changing my mind just because of the price, yes the other house is cheaper, but then you could probably find plenty of lovely houses cheaper?

I believe in going with instinct, go with what makes you feel happy and at home.

Good luck with whatever you decide to do :-)

kiddy_guy

I think the key thing you should actually be thinking about here is this. Are either your house for life? Are you going to have to move if you have lots of kids, circumstances depending?

The extra money might be offset against having a slightly larger house with more bedrooms, thus meaning you don't have to upscale in the future.

franklee

It seems everyone in this thread is expecting the mid terrace to achieve full asking price in talking about a 40K price difference. The difference in asking prices is 45K (284,950-239,950). The OP settled on 278K, which is 6,950 or 2.43% off the asking price. So why not expect the mid terrace will go for the same discount at 234K?

Then the 6K difference in stamp duty, 8,340 (£278k at 3%) vs 2,340 (234K at 1%).

So it's more like 44K more plus the difference in stamp duty of 6K. Is the end terrace worth 50K more before repairs are considered? It doesn't look like 20% more house to me.

robatwork

With an end terrace you have 50% less chance of a noisy neighbour.

That's worth it in my book....

vixarooni

i prefer the cheaper one! Love that second reception room. I say view both and follow your gut feeling and heart.

Wellieboot

So... I went to view the mid-terrace today.

As expected, it is a very nice house and it turns out that there is actually alternative access to the garden from a well kept path at the rear.

It does have a different feel to the first property, with a different use of the space internally. It is not in bad condition at all but would definitely take some work to bring it to the same standard of finish as the end of terrace. All in all a very useful little trip out this morning

Now need to talk it all through with my partner and make our decision. I don't want to say too much (this being a public forum and all) but I will update next week when we have spoken with our solicitor.

Also, a 4-bed property (£300k) has just come on the market a few doors down the hill! It's not really a contender (over our budget and the garden is a little small) but it's useful to see what you get for the price bracket above too...
Still can't post links but it's on RM, £299,950 with Charles Duncan

poet123

http://www.rightmove.co.uk/property-for-sale/property-27293886.html

That looks very interesting, my bet is that you could get that very near to what you are paying for the other one. No upward chain suggests a need to sell and a FTB would be a Godsend.

Too few pics and no floor plan though. Definitely worth a look for the step up the ladder if the location and surroundings are desirable.

I_have_spoken

Also, a 4-bed property (£300k)

I'd steer clear of a house on 3-floors, shlepping up and down the stairs would be a royal PITA.