Anyone else have their house on the market?

qwert_yuiop

motorguy wrote: »

Will depend on the area.

House down from the one we're selling sold at £135,000, with an RV of £125,000.

But then thats for a four bed detached with a garage in Co. Armagh

What size? You might not be able to build it for that, even ignoring site cost.

motorguy

qwert_yuiop wrote: »

What size? You might not be able to build it for that, even ignoring site cost.

Not big, 1200 sq foot, and in a cul de sac of houses, not on its own site.

qwert_yuiop

4 bed detached, not on its own site - how's that work? Have you got a link?

motorguy

qwert_yuiop wrote: »

4 bed detached, not on its own site - how's that work? Have you got a link?

I mean its in a development, not sitting out on its own on some half acre site somewhere.

AlwaysWorking

qwert_yuiop wrote: »

Appealed as too high?

Yes...it was valued at £10,000 more than I paid for it a year before the valuation date when the market was rising very rapidly.

AlwaysWorking

Thanks everyone for your replies. The house is sitting fully furnished....all I've removed is my clothes. I know it is sitting in the best possible condition I can have it and when I asked each of the estate agents I had out if there was anything I should change, they said not.

I understand what everyone is saying about the rateable value....but I don't think you can assume this applies to every house. My rateable value is £130,000 and (without giving too much away as I've revealed the house is vacant and fully furnished), I think you would struggle to find a detached house in my area for close to that, never mind 20% less as someone suggested....:eek:

motorguy

AlwaysWorking wrote: »

all I've removed is my clothes.

Thats a bit drastic.

motorguy

AlwaysWorking wrote: »

Thanks everyone for your replies. The house is sitting fully furnished....all I've removed is my clothes. I know it is sitting in the best possible condition I can have it and when I asked each of the estate agents I had out if there was anything I should change, they said not.

I understand what everyone is saying about the rateable value....but I don't think you can assume this applies to every house. My rateable value is £130,000 and (without giving too much away as I've revealed the house is vacant and fully furnished), I think you would struggle to find a detached house in my area for close to that, never mind 20% less as someone suggested....:eek:

Same here. Houses are on and selling at significantly above RV

qwert_yuiop

motorguy wrote: »

Same here. Houses are on and selling at significantly above RV

Which means they're the same price as they were 10 years ago.

Can't go wrong with bricks and mortar, sure you can't?

motorguy

qwert_yuiop wrote: »

Which means they're the same price as they were 10 years ago.

Can't go wrong with bricks and mortar, sure you can't?

Yeah probably about right.

Interestingly, we'd people in it who are lifetime renters - always just rented. Would have loved to buy the house off us, but being near 50 now the mortgage would have been over too short a term and the payments too much, even with a significant deposit that they had.

We didnt rent it out to make money, it was our previous home and we did it to keep things ticking over until the market recovered. If we'd attempted to sell up 5 years ago we'd probably have owed more than we would have got for it, whereas now theres £35,000 - £40,000 of equity in it.