Three months on the market, not one viewing

Cissi

Unfortunately, as others have pointed out, your flat suffers from a number of drawbacks that may put prospective buyers off viewing (whether or not they really matter so much once you're there): above an arch, only bathroom/toilet through bedroom, opposite primary school, not a very desirable location - and so it would need to be a fair bit cheaper than other properties of a similar size in the area in order to attact interest. I haven't done any research myself, but from other replies it would seem that it's priced at the top end of the market, and I think that's your answer.

Personally I wouldn't waste time and effort on "dressing" the flat or getting better photos taken, as it's pretty clear that you aren't in a position to sell it for its current market value. Unfortunately you bought at the very height of the market and it's now worth a lot less. I think you need to find a way to hang in there (rent the flat out?) until prices recover to previous levels, which could be years from now.

Sunshine101

What a lovely quirky flat!!! I love the way its built over an arch. Heating would not really be an issue, there are ways around that I prefer to see a home that is on the market that is full of magnolia and sparsely furnished. Less furniture means I can see more of the flat.

With regard to having a school opposite, that would not deter me. Have lived next to them in the past - it is nice to hear the children playing during breaktime. Its really quiet during school holidays and weekends.

The gates would not bother me.

If it is on a busy road, then yes, that would be a definite no no for me - no matter how nice the flat is and how good the price is!

Continual rental would be a good option at this time.

getmore4less

If you can get £495pm keep it as a rental.

£80k 7.4%

If you can only clear £70k that's 8.5% gross yield.

pmlindyloo

Everyone seems to agree that the price is wrong.

Since you don't live near the property, rather than 'dress it' I would be taking all the furniture out and selling it that way.

The rooms aren't a bad size and the en suite bathroom shouldn't be a deal breaker.

Left empty I believe it would look much better. At the moment my eyes zoom to the furniture (which to be frank, is pretty naff).
Worth a try.

martindow

Sunshine101 wrote: »

Heating would not really be an issue, there are ways around that
.

The trouble is that the ways around it can be spending lots on electricity or gas. This may be well insulated but there have been threads on here about similar buildings such as coach houses over unheated garages which have been very cold.

One of the normal advantages of a first floor flat is that downstairs does half of the heating for you.