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2 bed Flat De-valued massively by commercial premises
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Since this post two local estate agents have valued it at £260 and £275 so something is not right here.
If you honestly think they are telling the truth sell it and buy somewhere without a pizza place.
I personally would never buy a flat above a commercial business.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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What is the difference?
Dominos as a chain/franchise would usually be fairly well managed, with proper arrangements for waste storage etc. I don't think they use deep fryers either.
An independent kebab shop with fryers going, possibly owners with a lax approach to hygiene, could be a significant nuisance (and fire risk).A kind word lasts a minute, a skelped erse is sair for a day.0 -
However if we planned to take out some equity to renovate it, it would add value to the property if we sold it,
Not necessarily. If it's already priced at the top of the market (taking into account mortgageability) then you could spend tens of thousands tarting it up, and it wouldn't add a penny to the value.
It sounds like you'd probably find a buy-to-let investor with cash available who might buy it, but it might not be at the price you'd hoped for.A kind word lasts a minute, a skelped erse is sair for a day.0
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