Why isn't my flat selling?

TBagpuss

Your listing doesn't seem to mention that you have a loft.
Your flat is well presented so it is likely to be price. You'll have to decide whether to drop the price or to wait and see whether there is more interest in time.

00ec25

so yours is a 2 bed flat at offers over £106,500

for less money, I can instead go and view:
3 bed house: http://www.rightmove.co.uk/property-for-sale/property-46716138.html

2 bed bungalow: http://www.rightmove.co.uk/property-for-sale/property-46589625.html

2 bed semi: http://www.rightmove.co.uk/property-for-sale/property-28096852.html

2 bed flat: http://www.rightmove.co.uk/property-for-sale/property-17088516.html

or I can view your overpriced flat.... hmmm hard choice

Alderbank

...plus, none of the above houses or bungalows will have a service charge for maintenance of communal areas.

What is the service charge for your flat? If you don't state it, people assume it is expensive.

The flat is four storeys up. I assume there is a lift but again, not stated

mysterymurdoch

106k is a lot for a flat in irvine. It's not a desirable place to live.

robatwork

Alderbank wrote: »

.

The flat is four storeys up. I assume there is a lift but again, not stated

OP stated that they are fed up with stairs. So that suggests no lift, which would be a 100% show stopper for me. Can't believe you can build flats in the UK above 3 storeys without a lift.

davidmcn

Alderbank wrote: »

...plus, none of the above houses or bungalows will have a service charge for maintenance of communal areas.

...but they will have to pay 100% of their maintenance costs rather than 12.5% or whatever.

The flat is four storeys up. I assume there is a lift but again, not stated

It's only three floors up. There's no lift. That's normal in Scotland, not sure what you English are used to! A lift would of course make any charges significantly higher, so take your pick.

getmore4less

I lived in Glasgow for a while and could not remember where Irvine was on the desirability scale just not near the top.

Looking at the price history of a few streets gut feeling is there has not been much in the way of rises and in some cases subject to differences in actual properties some falls.


I get the impression that this development when built around 2010 attracted some fairly serious new build premiums for the area and these will be hard to achieve again.

did this development sell well or did it struggle?
not a lot seem to be on the sold details, did some go straight to let

there is this which seems a bit unusual for what is essentialy a townhouse(14) & flat(34) development.
Weavers Wynd, Irvine, Ayr KA12 0NZ
£585,000 Residential 03 Apr 2013

mysterymurdoch

Irvine sits (very slightly) higher on the scale than kilwinning but lower than troon!

GingerFurball_2

£106k for a 2 bed flat in Irvine?

Someone's having a laugh.

StumpyPumpy

In my opinion, dropping the price from offers over £109k to offers over £106.5k is neither use nor ornament. As it doesn't cross any price boundaries, it is not going to attract new viewers to the listing and any people that saw it previously are unlikely to be swayed by a 2.3% drop.

I'm not saying you want to, or can afford to, but a drop isn't going to have much impact until it goes into a lower search band, which in your case is £100k. Also, £100k is a bit of a magic number - proportionally there will be a lot more people who have it set as a max than will have £110k (same applies to £250k vs £260k, or £1m vs £1.25m)

In addition, according to Zoopla, there has been a 2.94% drop in flat prices in Irvine over the last 12 months yet you originally listed yours at nearly 5% more than you did in 2014 (£104k), which makes me think that you are not being realistic about its value. (though it is also possible that Irvine experienced a mini price boom between 2014 - 2015 and has since started falling back)


SP