Identical houses - one on main road and one on street

w00519772

I looked at two identical houses on the same estate recently. Both had an asking price of 150K. One was positioned on a quiet street and the other on the main road of the estate (not a general main road - just the main road of the estate).

I watched 57 cars drive past the house in ten minutes on the main road. No cars drove past the house on the street the following day at the same time.

The house on the street sold for 150K on day one. I offered 148K for the house on the main road one day later and it was accepted (my offer for 145K was rejected two months earlier). I am trying to assess if I got a good deal.

I have looked at historic sales on the main road and the street. Both have houses that sold in early 2013 for 140K.

DaftyDuck

... and your question is?


57 cars?... I had a similar variety of Heinz tins in my shopping trolley, and since one car is worth 74.8 Bitcoins, ,your property is the weakest link, so do the decent thing and...

No, you got such a bad deal you should kill your wife and elope with your hamster.

If the cars were Aston Martins, you had a good deal. If they were Trabants, you were fooled.

Ask a precise question, and the truth shall reveal all.

bluffer

possibly is the answer. you paid less than the quiet house but you now have to put up with the extra noise. if you can ( and any other pluses - minuses between the two houses ) then youve got a good deal, if you cant youve overpaid.

ultimately, as long as you are happy and live there a good few years, does it matter?

Soleil_lune

w00519772 wrote: »

I looked at two identical houses on the same estate recently. Both had an asking price of 150K. One was positioned on a quiet street and the other on the main road of the estate (not a general main road - just the main road of the estate).

I watched 57 cars drive past the house in ten minutes on the main road. No cars drove past the house on the street the following day at the same time.

The house on the street sold for 150K on day one. I offered 148K for the house on the main road one day later and it was accepted (my offer for 145K was rejected two months earlier). I am trying to assess if I got a good deal.

I have looked at historic sales on the main road and the street. Both have houses that sold in early 2013 for 140K.

It depends if a house on a busy, main road is what you wanted. I wouldn't have bought it, even if it had been £20K cheaper. I have only ever gone for houses in quiet roads (off a main road,) and cul-de-sacs. Mainly because it's safer for pets and children, and because it's a lot quieter in general usually.

Whether your purchase is a good one, is a question that only you can answer.

Davesnave

I doubt if you got a good deal, because if you did all that counting and assessment, it's likely that the amount of passing traffic bothers you more than the difference in price.

However, what we can't tell is how long you might have to wait for a 'quiet house,' how inconvenient that waiting would be, or how much prices might rise while you waited. Sometimes, one accepts something less than perfection in order to secure a particular thing, because life is rarely perfect.

Anyway, you are not committed yet, unless that 'deal' means you've exchanged contracts.

Dan-Dan

for the sake of 2k mortgage payments , it`s fair to say you `did a boo boo`

mummyroysof3

Was that at what you would expect to be a busy time of day? Would you normally be in the house and be bothered about it at that time of day? Does it cause you problems with parking or getting on/off drive if you had one?

DRP

if traffic/noise/main roads aren't your thing, then unless it was a massive bargain, you're not going to feel like a 'winner' in this house.

The fact that you stood and counted the cars suggests you might be particularly sensitive to these factors.

getmore4less

We live on a road into the rest of the estate, well away from the real MAIN road.

Mix of smaller places and family homes probably 150-200units(not counted might do if I can find the info)

Busy with cars in the morning and the early evening as people go to and come from work.

All deliveries also go past at all times as the internet buying increases.

We also have a few people walking past the front and kids going to/from schools

The back is very secluded and has the car parking for a block so not overlooked as much as others.

The front is very close to the walkway(don't like), we only have room for 2 cars off road so visitor parking is an issue( we used to park round the back but they got upset even though less than 1/2 the spaces are used).

Noise and traffic does not bother us most of the time it is not bad and the past couple of years we are in a lot during the day.

If you picked main going/coming home time it would have been busy.

go round more times on different days including a weekend

movilogo

Houses on quiet street have better resale value. That's why one on the quite street sold on day 1.

If you are not happy, you can always back out or revise your offer.

theGrinch

I would always go for a quiet street. ceteris paribus.