Need some help working out square footage

henrygregory

Hi there,

I am looking at purchasing a property but as it is new, there is not yet an EPC available or any square footage measurements. There is however the following room sizes diagram.


I have rounded up or down the square feet the best I can and I have come up with the following:
Ground Floor: 17'5"x (12'5"+6'5")=418'25" square feet / 44.68 sq meters

First Floor: 9'5" + 8'2" x 13'45" + 12'46" =458'60" sqare feet / 42.54 sq meters

Can anyone cast their eye over this and tell me if I am close or not?

ReadingTim

Width of house = 5.3m (longer measurement of living/dining room)

Length of house = 7.9m (4.1m+3.8m, being the longer measurement of bedrooms 1 and 2).

(5.3m x 7.9m) x 2 = 83.74 square metres (house width times length times 2 floors).

You're there or thereabouts - it ain't big for 3 beds...

henrygregory

ReadingTim wrote: »

Width of house = 5.3m (longer measurement of living/dining room)

Length of house = 7.9m (4.1m+3.8m, being the longer measurement of bedrooms 1 and 2).

(5.3m x 7.9m) x 2 = 83.74 square meters (house width times length times 2 floors).

You're there or thereabouts - it ain't big for 3 beds...

Thank you. Just wanted to check.
It is up for £360k close to Stansted airport. A help to buy property. Seems quite cheap for the area.

3mph

I hadn't realised that Article 50 also meant we changed the meter.

Your conversion to meters is odd with ground floor bigger than first in meters but smaller in feet.

henrygregory

3mph wrote: »

I hadn't realised that Article 50 also meant we changed the meter.

Your conversion to meters is odd with ground floor bigger than first in meters but smaller in feet.

You're right, but Google can't be wrong, I have just re-checked...

martindow

And despite Brexit we're still with metres (unless part of the great plan is to get English spelling changed ready for a Trump takeover).

Cakeguts

henrygregory wrote: »

Thank you. Just wanted to check.
It is up for £360k close to Stansted airport. A help to buy property. Seems quite cheap for the area.

If it is cheap there will be a reason for it. Either it is because it is smaller than other properties or there is some other problem. You need to find out what that is.

henrygregory

Cakeguts wrote: »

If it is cheap there will be a reason for it. Either it is because it is smaller than other properties or there is some other problem. You need to find out what that is.

The other properties are full market value ones which come with all sorts of extras. This is a shared ownership one though a local housing association. Kitchen and bathroom are very basic, there are no optional extras in this house. I think a lack of many of the extras really does bring the price down. The kitchen is very basic, nothing is fitted, really cheap thin lino flooring, it looks almost council like without wanting to sound rude.
But these are all things we could improve over time.

Cakeguts

henrygregory wrote: »

The other properties are full market value ones which come with all sorts of extras. This is a shared ownership one though a local housing association. Kitchen and bathroom are very basic, there are no optional extras in this house. I think a lack of many of the extras really does bring the price down. The kitchen is very basic, nothing is fitted, really cheap thin lino flooring, it looks almost council like without wanting to sound rude.
But these are all things we could improve over time.

That is the reason. It is cheap because it is shared ownership and is being sold through a housing association. You can make improvements but you won't raise the value because it is the shared ownership and housing association that make it cheap not the internal fittings.

henrygregory

Cakeguts wrote: »

That is the reason. It is cheap because it is shared ownership and is being sold through a housing association. You can make improvements but you won't raise the value because it is the shared ownership and housing association that make it cheap not the internal fittings.

We can only purchase a max of 50% to start, but my intention is to very rapidly purchase 100% - as we are able to and currently, you can't get a house like this on the private market for this price.

Cakeguts

henrygregory wrote: »

We can only purchase a max of 50% to start, but my intention is to very rapidly purchase 100% - as we are able to and currently, you can't get a house like this on the private market for this price.

That is fine but when you own 100% do not expect to sell it for the same amount as a house on the private market because the fact that it was originally shared ownership sold through a housing association means that it will never be worth what an open market property will be worth. Would you have to sell it back to the housing association or to a buyer through the housing association?