Is this house too risky?

kerri_gt

To me that concrete window looks like it could be part of a flying freehold over the neighbours hallway?

Help1234

Cakeguts wrote: »

Every street has a price over which nothing will sell.

This house http://www.rightmove.co.uk/property-for-sale/property-65856185.html is in a much more attractive area. The road doesn't go anywhere, the asking price was £10k less and it is a more modern house. With this comparison it means that the house you are looking at will have a fair price of less then £115k which means that at the moment it is at least £10k overpriced.

The house you are looking at is a through road and will have much more traffic on it due to more houses. From the pictures you have sent even when the industrial units are redeveloped that area will never be as nice as the one where the house as the one £10k under. If you buy a house that is overpriced and you need to sell it you will have the same problem as the people selling it now and that is before you spend any money on it. If you spend money on it you will make it even more overpriced.

Have you considered that with the new housing there will be a huge increase in traffic which means that your cat will run the same risk as any other busy road in the area?

Why the rush to buy? If you wait a bit you might have the chance to buy a better house in a better area.

I agree, that is a more attractive road because it is a cul-de-sac. But the houses are horrible - in my opinion just as horrible as the new build flats that have been built on the original street I am looking at.
Moreover, the inside of that house is, to me, much worse - no fireplace, awful kitchen that would need completely ripping out, awful bathroom. No separate dining area to put our dining table. Tiny bedroom. Everything needs redecorating (in my opinion), whereas the house I am looking at doesn't have any of those problems - I would only want to repaint the walls, take the carpet up and brick up that 'window', that's it. I am aware though taste is obviously subjective so those are just my opinions.

The road is also just a small road. It may get more cars driving down but only one car at a time can fit and can't go much faster than 10-20mph. Whereas the other roads on London Road and Station Street can do 40-50mph on both sides of the road. They are A roads.

We have been renting 9 months so I guess we are feeling a bit of pressure as the mortgage will be cheaper than our rent. But you are right we need to not rush into anything and we are able to wait and see if something better comes along.

Cakeguts

Help1234 wrote: »

I agree, that is a more attractive road because it is a cul-de-sac. But the houses are horrible - in my opinion just as horrible as the new build flats that have been built on the original street I am looking at.
Moreover, the inside of that house is, to me, much worse - no fireplace, awful kitchen that would need completely ripping out, awful bathroom. No separate dining area to put our dining table. Tiny bedroom. Everything needs redecorating (in my opinion), whereas the house I am looking at doesn't have any of those problems - I would only want to repaint the walls, take the carpet up and brick up that 'window', that's it. I am aware though taste is obviously subjective so those are just my opinions.

The road is also just a small road. It may get more cars driving down but only one car at a time can fit and can't go much faster than 10-20mph. Whereas the other roads on London Road and Station Street can do 40-50mph on both sides of the road. They are A roads.

We have been renting 9 months so I guess we are feeling a bit of pressure as the mortgage will be cheaper than our rent. But you are right we need to not rush into anything and we are able to wait and see if something better comes along.

You do realise that although a mortgage might be cheaper than your rent owning a house is often more expensive than renting because you are then responsible for all repairs and all maintenance so it often works out more expensive to own a house than it does to rent it.

The benefit of owning is that after you have paid the mortgage off you get to live in a house where you don't have to make payments to live there but for the 25 years or so that are paying the mortgage it is often not cheaper than renting.

Kidder81

No idea why it's not sold before. Surprised it got any views as the photos are so awful.

Personally speaking it's not the best area of a lovely town. It's got a skip hire company nearby and a sex offenders hostel just round the corner. Would be more than enough to put me off.

getmore4less

have a look at what people are buying


more like this with SSTC

bxboards

Help1234 wrote: »

Thanks for your replies - it is really helpful to get unbiased views as our families are biased due to being keen to see us buy a house.

Respectfully, but that is not a good enough reason.

You are the people who will live there, not them.

Ignore any external pressure, it is nothing to do with them. You could be stuck there for the next 25 years...!

n217970

Cakeguts wrote: »

The benefit of owning is that after you have paid the mortgage off you get to live in a house where you don't have to make payments to live there but for the 25 years or so that are paying the mortgage it is often not cheaper than renting.

Except it normally gets cheaper much faster then the 25 years, better LTV rates as the mortgage is paid down and house price rises (hopefully) allow remortgaging onto better deals combined with raising rental prices.

For example after 7 years of home ownership I am only paying £150 a month more on my mortgage for a 4 bed detached in a high priced village (locally speaking) then my friend is paying in rent on a 3 bed end terrace ex council - If we had not moved from our 3 bed ex council semi I would actually have bene paying about £300 a month less then him. I certainly wasn't spending £3600 a year in maintenance.

ca55ie

I live in Sandbach and know the area but I can only comment on how it looks from the outside. First appearances of this street is how narrow it is. It is used as overspill car parking when the station carpark is full (most days) so usually has cars parked down both sides all day.There is not a lot of on street parking in the area. Although handy for the railway station it is a good walk into Sandbach town centre. There is a small newsagent on London Road and a pharmacy but any shopping has to be done in the town.
I agree with the comments made by Kidder81

SuboJvR

On the street view, it almost looks like the house you are looking at has been "added in". Perhaps it used to be a through way to the back of the houses for rear access? Something similar was discussed recently with a council wanting to fill in said gap and add a new terrace in.

I say this because the brick work is different chiefly around the bay window and directly above, the roof and the finish under the gutter also don't match the neighbours.

I think the concreted window belonged to next door (on the right) and potentially where the front door of the property you are looking at is a wall has maybe been moved back?

As someone else mentioned there may be issues in terms of flying freehold etc as a result.

Also looks like number 8 was used for MoD training back in the day ! http://planning.cheshireeast.gov.uk/applicationdetails.aspx?pr=6767/3&query=c6f40f8225aa459cad4a27614a888a21&start=3&from=m

Cakeguts

n217970 wrote: »

Except it normally gets cheaper much faster then the 25 years, better LTV rates as the mortgage is paid down and house price rises (hopefully) allow remortgaging onto better deals combined with raising rental prices.

For example after 7 years of home ownership I am only paying £150 a month more on my mortgage for a 4 bed detached in a high priced village (locally speaking) then my friend is paying in rent on a 3 bed end terrace ex council - If we had not moved from our 3 bed ex council semi I would actually have bene paying about £300 a month less then him. I certainly wasn't spending £3600 a year in maintenance.

At the moment interest rates on mortgages are very low. In the past interest rates have gone as high as 17% there is no guarantee that they will stay low.