What to offer...

naomibm

If people do think it's overpriced...if I decide to offer...what should I offer?? If you think I shouldn't but then why not?? This forum is amazing...so good to get some ideas from people!

robatwork

Offer £176,500

need_an_answer

I suppose the question to the OP is what do you want to offer?

The house has clearly been done to capture a certain taste and as such if that's your thing it probably done very well.

My guess is that its a little too niche for the ordinary market and it would depend as well just how many of those fixtures and fittings are staying,again if its to your taste then it might well be worth the premium price the vendor is asking but if you are just looking at it as a box to contain what you want to put in then you and the vendor will probably never agree on a price if all you want to do is rip it out and start again.

That house has been created with a particular purchaser in mind and I suspect for the time being the vendor hopes to find someone who loves it enough to pay possibly within £5000 of it!

Need_a_name

naomibm wrote: »

Previous question for crash time...

Youn might want to see his other posts re house prices and predictions from what I gather

Need_a_name

From being in that end of town mid morning Saturday - the parking is worse than it used to be.

Very few have dropped kerbs - if you get one it is likely to be ignored by people blocking it

Reconfirmed my view with the visibility and speed/volume of traffic would never want to reverse out of drive*

It is rare to get houses with that size front gardens though which might want to factor into making an offer. Maybe something to consider is roads where resident parking permits (which this unlikely to ever get)?

*If you were able to get a car on there as to open doors etc. would need to be something like a mini

See what happens with £170k if still keen having mentally removed all the interesting decor

Cakeguts

https://www.rightmove.co.uk/property-for-sale/property-76729958.html



It is worth less than this one.



The one in Jenner road is on a council estate. Look at the houses in the road behind it on streetview.



So ex local authority house. They are always cheaper than houses that have never been ex local authority. No offstreet parking. The one in the link has an asking price of just under £170k and doesn't need completely redocorating to remove the mock country mansion style decoration of the Jenner Road one. I actually found it quite amusing that someone would decorate and ex council house like this.

£170k is the asking price of the one in the link it won't sell for that. So anything over £165k for the Jenner Road one in my opinion is too much. It is around £20k overpriced.

naomibm

Hey hey...the one on Salisbury road is significantly smaller than the jenner road one...I've been to see both...and actually need a LOT more work doing to it. Jenner Road isn't to my taste but the basics like carpet, kitchen, floors, bathroom etc are in good condition.

naomibm

And the back garden is so so much bigger than Salisbury road.

Cakeguts

naomibm wrote: »

Hey hey...the one on Salisbury road is significantly smaller than the jenner road one...I've been to see both...and actually need a LOT more work doing to it. Jenner Road isn't to my taste but the basics like carpet, kitchen, floors, bathroom etc are in good condition.

Yes but is the Jenner Road one £20k better? The Jenner road one hasn't got off street parking. You can't tell if the Salisbury Road one needs more doing to it than the Jenner road one because once the owners of the Jenner road one take out all that hideous furniture and furnishings you could find that they have papered over the cracks. At least if you buy one that needs a bit of work you can make sure that the work is done to your standards.

Cakeguts

Go back to Rightmove and put in the price of £180k to £190k and include under offer or sold properties. When you do this you get a whole lot of properties marked sold or under offer. The properties either side on the list of the Jenner Road property are sold. One is cheaper and one is slightly more expensive. Then carry on down the list and look at how many have sold.



The ones that haven't sold have been left because people think that they are too expensive. So for example if we decide that an end of terrace house ex council house with no offstreet parking and terrible decorations and needing a new kitchen ( the kitchen doesn't have even enough storage for the current owner which is why there is clutter all over the sides.) The people looking at houses in Barry think that the house in Jenner Road is overpriced. If for example we decided that it is £20k overpriced they know that if they offer the owners £162k for it the owners won't take that and will turn the offer down. So they don't even bother to view. They find one that is much nearer to what they think it is worth.



In my opinion there are several reasons for the Jenner Road house being overpriced.


1 It is an ex council house.



2 It doesn't have offstreet parking.


3 People on here who know the area say parking is terrible in that road.



4 It needs a new kitchen.




5 It needs a new bathroom if you don't believe me have a think about how you are going to keep the water off the floor when you use the shower in that bath. There is nowhere to put a shower curtain or a glass screen.


6 Why does the second bedroom have a set of stairs in it? Or alternatively why have they put a bed on a landing and called it a bedroom.


7 If the stairs in bedroom 2/ landing lead up to a loft conversion then there needs to be a fire door somewhere between the landing/bedroom and the loft to stop fire from moving up into the loft. In other words it isn't safe to sleep in the loft because it doesn't meet current fire regulations so it is actually only a nice boarded storage space accessed from bedroom 2.



8 Because they have done and on the cheap loft conversion you don't know how much it is going to cost you to do it correctly. Plus you can't really use the bedroom with the stairs in it as a bedroom.



9 You would have to get an ensuite bathroom in the loft when you brought it up to current fire regulations or someone sleeping up there would have to go down stairs to use the loo in the night.



I personally wouldn't touch this house with a barge pole belonging to someone else because it needs too much work doing to it.