House on for £290,000 one down the road £250,000

ukcarper

According to Land registry prices in Bristol are now 15% higher than Oct 2007.

Brightspark87

Davesnave wrote: »

They are within spitting distance of each other, yes, and they are both quite compact and have good outside areas. I can see all that, but I still don't find them comparable.

To be honest, I'd look at the cheaper one as a stepping stone house, but as a long term thing, I'd be wary of both being swallowed by the development that's crept out along the M49, and by the look of it, mostly since those heady days of 2007.

By the way, my old house, down the road in Bath, exceeded it's 2007 value around 2013. Just sayin'.

Bath is a very different place to Pilning though - my mate is selling a house there and has already had 3 offers at the asking price within a week of being on the market.

But take your point on board - its very difficult to compare any houses unless they are identical but for us and what we want they are in the same 'league' as it were.

Brightspark87

ukcarper wrote: »

According to Land registry prices in Bristol are now 15% higher than Oct 2007.

Bristol as an area yes - not all parts of it though. Its not London or South East. Parts of it are not increasing in value or prices. Not everywhere is increasing at that rate. The town we live in has been pretty stagnant for the last 18 months.

ScorpiondeRooftrouser

Brightspark87 wrote: »

But take your point on board - its very difficult to compare any houses unless they are identical but for us and what we want they are in the same 'league' as it were.

Well the seller doesn't care about that.

If, for example, one house is worth more than another because it has parking, the seller isn't going to accept lower offers from people without cars.

In most people's view the more expensive house is much more desirable. In yours as well, or you wouldn't want it, seeing as you keep stressing how the other one is better for practical reasons.

societys_child

Hmmm, you want to buy a house that you really like, but want to buy it at the cheaper price of a house that you don't really like . . . ok.

*Robin*

The end-terrace house appears to have two flat rooves.
How old are they?
..If in need of replacement fairly soon, could be an acceptable reason for justifying a lower offer.

LittleMax

OP - If your offer of £260k on the end terrace is rejected, will you offer on the mid terrace? If not, I suggest you list the reasons why not? This will give you the reasons why the end terrace is worth so much more.

ScorpiondeRooftrouser

*Robin* wrote: »

The end-terrace house appears to have two flat rooves.
How old are they?
..If in need of replacement fairly soon, could be an acceptable reason for justifying a lower offer.

You don't need an acceptable reason for justifying a lower offer. You just need to offer more than anybody else.

*Robin*

ScorpiondeRooftrouser wrote: »

You don't need an acceptable reason for justifying a lower offer. You just need to offer more than anybody else.

I was thinking more of not offending the vendor with an apparently very low initial offer (as discussed earlier in the thread).

Brightspark87

*Robin* wrote: »

The end-terrace house appears to have two flat rooves.
How old are they?
..If in need of replacement fairly soon, could be an acceptable reason for justifying a lower offer.

Robin as always fab advice. Thank you. I will check:beer: