Three months on the market, not one viewing

duchy

I think I'd make the flat look lived in
Bright rugs- books on the shelves etc It looks bland and unloved - but ultimately if it is overpriced then it is what it is and it might be better to consider renting it out for a while (I assume you currently live elsewhere as it looks unoccupied)

00ec25

TBagpuss wrote: »

It isn't clear which flat it is. Assuming it is over the archway then I would be concerned about noise, and about heating. Is yours the right hand one over the arch?

if you look at the pictures the main room has 2 windows and the kitchen has one, the flat is therefore the whole of the area above the arch with the kitchen being the one under the "green" and the velux window providing light to the internal hallway with the stairs down to the front door on the right of the picture

granted you do have to look at the floorplan on rightmove to confirm this but to me its pretty obvious what is on sale

TBagpuss wrote: »

If so, I'd be looking at the green on the roof and wondering whether there is an issue with poor guttering and if there will be leaks in through that velux window.

that is perfectly normal as that side of the roof is in shade since it is lower than the roof of the adjoining flat. Therefore, just the same as lichen grows on the north side of trees in the UK, so too will it do here in the shady part of the roof where there is a micro climate in that area. There will be less drying effect from the wind as that close to a wall eddies will occur which means it will be slow to dry. Note the green goes all the way to the apex for that reason and is more dense lower down because that bit gets more water obviously so grows more abundantly

Miss_Marple_2

The pictures are odd - they look like they are from the 70's. I don't mean that what the are showing looks like the 70's, but the photo itself, the effect is odd.

I assume you are not living there, but I would say that if you are having the photos taken with furniture in it, it needs to be dressed - it deperately needs colour and a couple of things on the shelves.

Price does seem high for a one bedroom - for about the same you could get a 2 bedroom or a small house in your area.

If you want that price, you'll need to work hard to get it, and that includes presenting the rooms as best you can - they currently look very soul-less.

getmore4less

Some properties are just the wrong things to be buying to live in

This is one of them.

The ceiling for 1bed rental seems to be around £400pm

£80k is 6% gross yield a bit tight if it needs some work

dodger1

I appreciate it's only a one bedroom property but I've still had friends stay overnight at mine and with the only bathroom door in the bedroom it would be a complete no no for me.

System

In order:


Price


Above a gate


No separate bathroom

GDB2222

It looks as though the OP paid £97,500 in 2007 for the property, so I can well understand that he wants to get £80k now if he possibly can. Unfortunately, there seem to be lots of other properties on the market in that price bracket, some of them being much, much larger. As an out-of-towner, I have no idea which ones are the better areas, though, and ofc position does matter a lot.

londonlydia

Big thing:
IS THE PROPERTY LEASEHOLD OR FREEHOLD??? I cant see it in your description. Without that, people will assume leasehold and the fact it's not explicitly mentioning the term will think its not long left on the lease and avoid.

Someone mentioned before that other similar flats have been up for 3 months+...could another factor be a slow property market in the area? Even some very nice areas can have slow turnarounds (very nice £500k homes in Surrey for instance).

alexpg_2

Thanks for the feedback everyone.

My situation has been I bought at the peak of the property prices. I lived in the flat for around four years, then have been renting it out for the previous two and a bit prior to putting it on the market, with a rental income of £495/month (my EA claims this can't be included in the advert as it isn't currently tenanted).

I'm not currently living in the property which explains why it is quite sparse, and living at the other end of the country it is quite difficult to visit, but I'll try to time my next visit with getting new photos done and bring some stash to make it look more lived in.

Even though it sits above the gateway, I never had any problem with noise - it was noticeable during the day but never disrupted my sleep. I worked nine till five regular week days so had no problems with the school across the way, although I can see how that could potentially be an issue for other work patterns.

But overall looks like it's the price. I guess I'll give it another month or two, then consider putting it back up for rental until I can afford to take the price down or the market improves.

bagpussbear

I'm wondering if it could be because of the primary school dead opposite?

A one bedroom flat will typically be sought after by a single person, or couple without children, and so the school wouldn't appeal (in my humble opinion).

I also would hate the fact the bathroom/toilet was through the bedroom.

Therefore I think the only think you can do is make the interior stunning with some careful staging etc, so people walk in and think 'wow'. At the moment it does indeed look unlived in I'm afraid.

Get some house mags or go into home sections of shops to get ideas on how to do it up, you don't have to spend a fortune eg. duvet with a classy cover on it!