Valuation - how much would you offer?

spadoosh

davidmcn wrote: »

And it's also possible for freehold properties to be subject to covenants which make such alterations problematic. If you've got some specific change in mind then best to look at the titles rather than just assume things based on the type of tenure.

My ex council house told me i couldnt build a shed or extensions. Its freehold. Im assuming the same covenant would apply to all the properties locally (same estate same houses) sold by the council yet theres only the current council houses and a few others that remain unaltered.

So even when theres covenants or restrictions on leaseholds sometimes the precedent supersedes them.

I think its all just a way for solicitors to keep the customers ticking over.

glasgowdan

I wouldn't entertain leasehold at all. If I'm buying a house it's going to be mine, wholly independent of anyone else. I won't accept going to ask permission from someone to do things to my house, whether or not the rent figure is buttons.

There seem to be numerous detached homes in the area within your budget... I'd never look at a semi if I could afford a detach!

Crashy_Time

Ex-council house, people used to live in these for next to nothing, so as the market gets wobbly they will do well to get 150k IMO.

glentoran99

glasgowdan wrote: »

I wouldn't entertain leasehold at all. If I'm buying a house it's going to be mine, wholly independent of anyone else. I won't accept going to ask permission from someone to do things to my house, whether or not the rent figure is buttons.

There seem to be numerous detached homes in the area within your budget... I'd never look at a semi if I could afford a detach!

but that's not always the case, My last house was leasehold and had no restrictions at all

glasgowdan

What terms were in the lease?

Davesnave

glentoran99 wrote: »

My last house was leasehold and had no restrictions at all

That was also the case with our first house. No one collected the puny ground rent or interfered with our choices for alterations.

It was a fantstic buy as regards capital appreciation, and we sold it without an agent because demand was so strong in that road. If people had been put off that wouldn't have been the case.

As with everything, DYOR.

Imagine if people were still not buying Skodas because of their reputation decades ago!

Davesnave

Goath wrote: »

What is growing over the shed...I am no expert in this field, but it's not Japanese Knotweed is it?

It's as much Japanese knotweed as that's a shed!

Gwendo40

Given that no.27 sold for £189,950 only 6 months ago... fully modernised, nicer more private garden AND with 4 bedrooms, I'd say this one is worth no where near £180k.

It would cost at least £20k to bring this one up to the same modernised standard of finish.

I hate the phrase ''lovingly well maintained''... it generally means everything is terribly dated and 30-40 years old but has been well looked after.

The cost, mess and hassle of removing all the fake beams, pine cladding and horrible built in wardrobes would be enough to put me off, never mind all the other modernisation work required.
I couldn't even live with the mock Tudor leaded upvc windows.

AnotherJoe

Gwendo40 wrote: »

The cost, mess and hassle of removing all the fake beams, pine cladding and horrible built in wardrobes would be enough to put me off, never mind all the other modernisation work required.
I couldn't even live with the mock Tudor leaded upvc windows.

^^^^^^^ all this.

Looks like a lot of space but I'd need to gut it.

glentoran99

glasgowdan wrote: »

What terms were in the lease?

999 years peppercorn rent. Nothing else really,