Long time on market

kinger101

CleoTheCat wrote: »

10 Bennecourt Drive is a completely different style of house.

Also, there is a new build development in the next field up and a very similar 3 bed semi in there is on the market for offers over £175k(!)

They're comparable though in terms of room sizes. Your house isn't a new build. Your house is the one that's been on the market for 18 months.

CleoTheCat_2

Actually, that house is round the corner and is a 2 bedroom (despite what it's being advertised as - the 3rd room is not big enough to be classed as a single bedroom - they were sold as 2 beds originally). It doesn't have the master en-suite bathroom and the livingspace is considerably smaller hence the price difference. Another one exactly the same as this recently sold for £120k

w00519772

When I was a buyer; I would look on Righmove for the Price Comparison Report. This shows me that the following semi detached houses are available within a quarter of a mile of your house (that look similar to yours):

http://www.rightmove.co.uk/property-for-sale/property-36568476.html - £125K

And within 1 mile (that look similar you yours):

http://www.rightmove.co.uk/property-for-sale/property-53994883.html - £130K

This tells me that yours is overpriced. Why not remove: "Offers in region of"? i.e. price at £135K, then see what offers you get. Then you may know what it is actually worth. You don't have to accept them. Just an idea. I am no expert.

Also I notice that your house purchase is not listed on Zoopla, so potential buyers do not know what you paid for it and when. This information was always useful to me as a buyer.

CleoTheCat_2

Thanks for your helpful comments.
It's on as "offers around" not "offers over" as we felt that that would encourage people to perhaps put in a cheeky offer

Also, I don't understand your comment about house price on Zoopla - I have no control over what Zoopla thinks my house is worth (which seems to be geared to English house prices anyway!)
Thanks again.

marksoton

It's been a year and a half. You either need to shake the current agent very hard and reinvigorate them or move agents.

In fact i'd certainly get another one to value regardless. It may be you have to take a hit on this.

kinger101

CleoTheCat wrote: »

Actually, that house is round the corner and is a 2 bedroom (despite what it's being advertised as - the 3rd room is not big enough to be classed as a single bedroom - they were sold as 2 beds originally). It doesn't have the master en-suite bathroom and the livingspace is considerably smaller hence the price difference. Another one exactly the same as this recently sold for £120k

Perhaps it is a bit smaller, but that's been on the market since September as well. It's swings and roundabouts. Many would argue your master bedroom isn't really a double.

I'm afraid you have two options. Wait for a buyer. Reduce your price. I don't think photos have anything to do with it.

I think you're partly a victim of the circumstances. You bought a new build near the top of the last property bubble, and as such, it's fallen in value. On the plus side, the property you recently move to would have also cost you less (than without the crash).

AnnieO1234

It seems like quite a well designed property for a newer home, storage space, no stupid toilets off the kitchen etc.

There are two things about it that are really off putting from my PoV, the slope in the garden - how much useable space do you actually have there? And the wood, so much what appears to be cherry staining with the doors and windows. Now I realise that's something and nothing in the grand scheme of things but when there are other properties to consider it would land yours at the bottom of the pile.

Number 10 was purchased in 2006 for 192K selling last year for £118k, you say the offer was lower than £135 at what you paid. It would seem to me that you've all unfortunately bought in the height of the property boom and your area hasn't recovered from the crash. I would either rent it out or cut my losses and sell at auction if necessary.

Xxx

AdrianC

w00519772 wrote: »

Also I notice that your house purchase is not listed on Zoopla, so potential buyers do not know what you paid for it and when. This information was always useful to me as a buyer.

CleoTheCat wrote: »

Also, I don't understand your comment about house price on Zoopla - I have no control over what Zoopla thinks my house is worth

What he's talking about is the previous price history, rather than the zoopla guesstimate - not that it's any actual importance to anything, but some people think it's relevant. That info's widely available elsewhere, anyway, and whether it's on zoopla or not is entirely down to whether your agent wants to pay the fees for an increasingly irrelevant extra platform.

CleoTheCat_2

I'm sorry but I would beg to differ. A master bedroom that is capable of taking a king sized bed is most certainly classed as a double (as is the second bedroom). Our third bedroom is the only single.
We didn't buy at the top of a bubble and our new property is in a completely different area and so hardly comparable in terms of property prices.
It would appear from most comments that the HR value is a load of crock

DRP

I think it looks nice - has a good size garden too.

As others have said, the price is too high, and you're in a slowish property market

What was your 'very low' offer?

As a wise EA once told me, a house will find its price, the easy way or the hard way.

If you price it as a bargain, you will stimulate interest, which may in turn lead to a price bounce.