Buying unusual house, below home report value (in Scotland)

bitsandpieces

I'm looking to buy a home, and have seen a house I like - it's one of several large terraced houses built less than 10yrs ago. It hasn't been on the market that long, but has been reduced to ~10% below home report value. Any way to work out how low I could offer in order to at least start negotiations, rather than be insulting? I really like the place, but wouldn't be devastated if I don't get it.

It's an unusual house (e.g. has multiple balconies and space on the roof, but no garden), and this set of houses haven't sold 'second hand' before. Surveyors seem to have found it them hard to value - a structurally-identical house on the same terrace, which hasn't sold, had a recent home report valuation ~25% higher. The house I'm interested in is currently on for slightly less than the current owner paid for it new. I'm finding it very hard to work out what's a sensible price for the place - so any suggestions are welcome...

Cakeguts

bitsandpieces wrote: »

I'm looking to buy a home, and have seen a house I like - it's one of several large terraced houses built less than 10yrs ago. It hasn't been on the market that long, but has been reduced to ~10% below home report value. Any way to work out how low I could offer in order to at least start negotiations, rather than be insulting? I really like the place, but wouldn't be devastated if I don't get it.

It's an unusual house (e.g. has multiple balconies and space on the roof, but no garden), and this set of houses haven't sold 'second hand' before. Surveyors seem to have found it them hard to value - a structurally-identical house on the same terrace, which hasn't sold, had a recent home report valuation ~25% higher. The house I'm interested in is currently on for slightly less than the current owner paid for it new. I'm finding it very hard to work out what's a sensible price for the place - so any suggestions are welcome...

If it is a family sized house but without a garden it could be really difficult to sell when it is no longer new. Most people who are buying a house rather than a flat want a garden. This house sounds like a vertical flat.

glasgowdan

Where is it? I agree with above...selling a house without a garden is always going to be hard.

bitsandpieces

Thanks. That sounds very plausible - it's a family-sized home (complete with garage, plenty of bathrooms etc.) but doesn't have a normal garden. A vertical flat is a good description (though it's a very large and very nice vertical flat!)

This is in Dundee - places going below home report value isn't uncommon. The price is on the high side for Dundee, and you can get houses with gardens for less nearby (though you'd pay a good bit more for somewhere similar size/standard with a garden in the area)

zagubov

I think I've found what you're looking at. Are you sure it's meant for a family?

There will be massive demand for student accommodation in that area, with all those en-suites. Dundee's got medical and dental schools attracting students from around the world and a huge HE sector. Those houses are near the universities and the city centre, the train station and the airport.

No wonder they've not bothered putting in a garden. They may well be going for indoor living space and renting potential