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Valuation and offer
w00519772
Posts: 1,297 Forumite
I am thinking about buying an apartment or a terraced house. I have narrowed it down to two:
1) Apartment: lindenhomes.co.uk/developments/lincolnshire/oasis-lincoln
2) House: rightmove.co.uk/property-for-sale/property-42301568.html
They both seem overpriced. Does anyone agree/disagree?
The apartment is new. How do you value a new apartment (come up with a sensible/fair offer)?
1) Apartment: lindenhomes.co.uk/developments/lincolnshire/oasis-lincoln
2) House: rightmove.co.uk/property-for-sale/property-42301568.html
They both seem overpriced. Does anyone agree/disagree?
The apartment is new. How do you value a new apartment (come up with a sensible/fair offer)?
0
Comments
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Why are they overpriced? £130k for a two bedroom apartment is a fair price in my opinion. The terraced house may be slightly overpriced, but not by much.0
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Thanks for your respose. How would you value the apartment with no past data?
Do you think £135k contains a premium as it is a new apartment rather than second hand.0 -
Thanks for your respose. How would you value the apartment with no past data?
Do you think £135k contains a premium as it is a new apartment rather than second hand.
It probably does.
But I've never understood why NB flats have a premium. ISTM that the premium is because the new owner wont have to spend any money on repairs in, say, the first 5 years.
But that doesn't happen with flats, you'll be paying repairs and maintenance and into a sinking fund from day 1.
tim0 -
Thanks Tim123456789. Are you saying that new apartments should not command a premium? What do you think of the prices of the properties, which I have linked to in my first post above?0
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Go for the house and you will not have to find one later in life...You outgrow flats rather quickly as it dawns on you that you should of bought a house in the first place..It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0
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