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How much to offer for property in Greater London
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soul_huntr
Posts: 6 Forumite
I & OH have viewed a property in HA5 3NJ (Pinner) a couple of times and looking forward to making an offer. The asking price is 675k but we are unsure as to how much we should offer :think: A few points:
- The property was put up for sale on Rightmove on July 19 for 695k and reduced on Aug 13 to 675k. Not many viewings taking place at the moment but this could change as soon as another nearby property is (has been) advertised
- Metropolitan Line track runs at the bottom of the garden
- Current owners have lived there for 32 years so no sale record on Land Registry
- Built in 1954 and does not appear to have been renovated / modernised since except double glazing, insulation and some paintwork
- Has old electrical fittings & sockets, old skirting, old carpets, old doors to rooms and bathroom, all need to be replaced at some point
- Boiler & bathtub need replacing too
- Not a fully fitted kitchen and no extractor. Needs to be fully renovated (dishwasher, washing machine, refrigerator, oven and hob need to be integrated)
The property has potential to be improved and extended which is why I am interested but at the same time I would not want to offer a price I would otherwise pay for a fully renovated / extended property. Plus being close to railway tracks makes it 'special' too.
Would greatly appreciate your thoughts and comments. Thanks
- The property was put up for sale on Rightmove on July 19 for 695k and reduced on Aug 13 to 675k. Not many viewings taking place at the moment but this could change as soon as another nearby property is (has been) advertised
- Metropolitan Line track runs at the bottom of the garden
- Current owners have lived there for 32 years so no sale record on Land Registry
- Built in 1954 and does not appear to have been renovated / modernised since except double glazing, insulation and some paintwork
- Has old electrical fittings & sockets, old skirting, old carpets, old doors to rooms and bathroom, all need to be replaced at some point
- Boiler & bathtub need replacing too
- Not a fully fitted kitchen and no extractor. Needs to be fully renovated (dishwasher, washing machine, refrigerator, oven and hob need to be integrated)
The property has potential to be improved and extended which is why I am interested but at the same time I would not want to offer a price I would otherwise pay for a fully renovated / extended property. Plus being close to railway tracks makes it 'special' too.
Would greatly appreciate your thoughts and comments. Thanks
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Comments
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I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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This one is the same price, same post code and has more character:
http://www.rightmove.co.uk/property-for-sale/property-40942333.htmlI'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Wow, glad I don't live down South!
Still, such monumental house price growth has brought great wealth to Southern homeowners. In 10 years time soul_huntr, you're looking at being an asset millionaire with this property.Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
Yes that one, I was not allowed to post links - thanks
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Yes - viewed the other one as well - definitely more character and modernised although not as big. The the one I'm interested in gives me room to change it to suit my taste.0
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Gets a whole lot more "monumental" when you get closer to London.Turnbull2000 wrote: »Wow, glad I don't live down South!
Still, such monumental house price growth has brought great wealth to Southern homeowners. In 10 years time soul_huntr, you're looking at being an asset millionaire with this property.0 -
...and likely to be so in the years to come. I used to wonder who would pay a million for a single bedroom flat but there you go0
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I agree you need to do the kitchen and essentials like plumbing and electrics.
However I wouldn't worry about doors and skirtings. Once painted and your own furniture in they will look fine.
My only concern is that if there is a train line at the end of the garden the garden isn't that big. Usually they are longer. Is there a noise issue? Tubes starting at 5am might not be fun!Formerly- Greenmoneysaver
- Hillbilly1
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Thanks Hillbilly2, there is a 70' garden and about 20' railway land before the track starts. Noise is not that much of a problem during the day with windows closed, but you are right - it could be a nuisance when they start at 5am. I would not know it unless I sleep there for a night!0
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