Buying 1st home

Brooksy1986

Looking at buying 1st home with my fiancee and getting on the property ladder. Have found a 3 Bedroom house for £130k , formerly £140k but it has a river close behind it , and a commercial property just over the road of a factory outlet shop and a sue ryder furniture shop. Also a carpet shop next door.

Have just discovered that the retail space is for sale to developers. Should we consider looking elsewhere ? Where we work is too expensive and where we rent at the moment , so looking further afield.

HappyMJ

Is it a nice house? Is it quiet indoors during the day/night? Is the insurance to hedge against the risk of flooding affordable?

Sounds OK but it's really up to you. Is it worth the money they are asking? Any property has a value even one at risk of flooding and with commercial properties surrounding it. It may be worth it...then again it may not. It may even have value in the future as commercial land which could far outweigh it's current value.

I wouldn't be bothered about furniture shops and factory outlets. They are low footfall. It isn't like a pub or a corner store. You get visitors but in my opinion they should be quite reasonably quiet....and they should stick to visiting in normal business hours.

Brooksy1986

Thanks HappyMJ



Its a nice house , worth £156,000 according to zoopla , it was purchased in 2006 new for £136,000. Sits in the middle of where the Great Ouse splits , insurance quotes were not that much just not sure they actually covered against flooding.


Its quiet indoors during the day but only viewed it on a Sunday so having a second visit on a busier day.

Agree with you about it being worse if it was a pub or corner shop. But it could be a Tesco metro one day