Why is it so hard to sell a 3 bed semi in Leeds?

Philuk

always_sunny wrote: »

Because they're waiting for the bottom-bottom-bottom! The fact that they are paying rent for decades while they wait is marginal :rotfl: and the funny thing is they're paying someone else's inflated house price!

The market barely fudged in 2009 in London...propped up by Euro buyers whose countries were flirting with bankruptcy, and the infamous Russian/Chinese/Malaysian foreign (dirty?) money. In the meantime, the government managed to inflate domestic demand with 0%ish interest rate, Help To Buy and other tax payer money scheme with great success, price have now doubled since 2007.

greyroofer

Leeds is a student town. Maybe too many?

bouicca21

I'd echo what Stumpy Pumpy said. When I was buying in London a couple of years ago (at the height of the bubble), places that needed ripping apart were going for even more eye watering prices than those in good order. Being able to update a property was commanding a massive premium.

Bossypants

I agree with above. When it came to selling my Grandmother's 2 bed flat in Brighton after she died, it was a great size and location but needed everything doing to it. There wasn't even central heating, but we were all living too far away for it to be viable to bring it up to date prior to sale. My the executor went to the estate agent almost apologetically, saying 'we know it's in terrible shape but we'll just take what we can get and be done with it'. The estate agent's eyes lit up when he saw it, he later said they had more viewings for that open day than any other they had sold that year. The young couple who eventually bought it (for almost twice what we had expected based on the condition) are now doing it up room by room and seem thrilled.

tykesi

greyroofer wrote: »

Leeds is a student town. Maybe too many?

What on earth are you on about?

dlmcr

I know you are all absolutely on the edge of your seats to find out how much this sold for in the end, so here you go. Enjoy

(you might have to remove the space in the word "country" of the url...)
http://www.rightmove.co.uk/house-prices/detailMatching.html?prop=57003451&sale=89586648&country=england

SuzieSue

This link might be better if you click on the Market Info tab:

http://www.rightmove.co.uk/property-for-sale/property-41842239.html

Cliveman_Pieman

Wow just read through all that. Surprised the OP got 120k but glad they did it's not always easy dealing with these things especially after losing a loved one xx