Bungalow not selling

Bossypants

kinger101 wrote: »

That type of property generally only appeals to pensioners and people with mobility issues. Any one in good health can buy a three bed semi for the price of a two-bed bungalow.

If I wanted to buy such a property, this one seems to give me more for the money.

https://www.rightmove.co.uk/property-for-sale/property-48438951.html

No viewings usually means buyers think they'd not be able to find acceptable middle ground regarding offers. Lower your asking price.

Yup, that one gives you more space and more scope for expansion and you save £20k. I disagree that the market is quite so limited - as a single 30-something, the property I'm trying to buy is a 2 bed detached bungalow, which I chose over a 4 bed semi. The reason for my choice was that the bungalow was detached and on a larger/better situated plot than the semi, and if I really needed 4 bedrooms at some point there was plenty of scope for expansion. It needs to be priced right, however, which right now it doesn't look like it is.

Cakeguts

The street view starts in the wrong place. I had to get google maps up and look for the bungalow on there.



It is overpriced. You have to take into account that it is on a busy road and is a long way from anything. You can't really walk to the nearest shop. That will narrow your market. There is no kerb appeal. People will be thinking that they need to reduce their offers in order to put in a fitted kitchen and to get all that gravel removed both from the front and back gardens. At the back they will want to put down grass and at the front remove the gravel and add extra parking.



The market for it has changed since it was built. It is now most likely to be a first time buyer property so needs to be priced to attract that market. 2 beds miles from any shops, on busy roads have a limited market now.



It is extremely overpriced for a 2 bed that needs work on a busy road. I think £160k was a good offer.

eamon

Bungalows esp 2 beds is the older/retired market. The gardens are sparse but thats intentional as in being low maintenance.

Change the agent and drop the price to get it sold.

parking_question_chap

Looks well overpriced for the quality of interior, and that garden really isnt appealing to the majority. £160,000 sounded very fair.

Cakeguts

https://www.rightmove.co.uk/property-for-sale/property-57770088.html This is sold. It is detached, has 3 bedrooms,is not on a busy road and is cheaper. You are not going to get more for a 2 bed bungalow than this 3 bed house.



£160k was a very good offer.



It needs to be taken off the market and put back on at a much lower price. I would suggest that £160k would be what you could get for it with a new kitchen, more offstreet parking and having the gravel removed from the back garden and turf put down.

sheramber

It needs some furniture in it to make it looked loved in , not an empty box.

When we were selling my mother's house our solicitor told us to leave the furniture as a house sells better with some in it.

getmore4less

quantumlobster wrote: »

The forum is inserting a space in the word "country" in the URL - most strange!

known problem with long links.

Use "insert link" not PASTE.

ancientofdays

Just a thought - unless I've missed it, the description doesn't state whether it is freehold or leasehold and I'd want to know that before even arranging a viewing.

chanz4

Change estate agents, different ones have others looking

00ec25

Bouldcarol wrote: »

It was on for £180000 and we had an offer for £170000, then he changed his mind and dropped it to £160000. I tried to meet him halfway to £165000, but he wouldn't budge so we declined. Its been reduced now to £172000 and compared to others in the area i think its a fair price

16 months ago would be late 2017 obviously
i am therefore very surprised that your Estate Agent advised you to hold out against an offer at 160k, given that a 3 bed bungalow within 1/4 mile of you sold for 152k in Oct 17
https://www.rightmove.co.uk/house-prices/detailMatching.html?prop=48490476&sale=55574939&country=england

time for you to change to a more realistic estate agent and accept that you now have a strong likelihood you'll end up selling at a lower price than you've previously been offered and refused.

when does the council tax cost rise on this now empty property? Remember all councils are required to charge 150% after 2 years, so that will eat into your profits as well if you delay too long.