4 Weeks - no viewings!

Crashy_Time

adsk wrote: »

Several posters have identified very similar properties locally that are on the market for less and haven't sold. The only reason you need to take it off the market to rent out is that the price you are marketing the property at is not the market price. The other local vendors also need to take this on board.

The leasehold situation makes the situation worse.

Other new builds locally which will have help to buy and other incentives and will now be freehold are your 3rd challenge.

Drop your asking price *significantly* and people will view and make offers.

Good advice.

Crashy_Time

Mickygg wrote: »

Leasehold has been in the news recently and a lot of people are staying away from these. 4 weeks no viewings simply has to be price.

Or lack of demand.

correll

I live up North and most houses are leasehold (long leases of 999 years). I don't know about new houses, but I have had 2 houses built in the 80s one that had ground rent of £10 per year and another that had 'peppercorn' (basically you don't pay any ground rent) So I feel any Northerner would not be put off by a leasehold property.

quantumlobster

correll wrote: »

I live up North and most houses are leasehold (long leases of 999 years). I don't know about new houses, but I have had 2 houses built in the 80s one that had ground rent of £10 per year and another that had 'peppercorn' (basically you don't pay any ground rent) So I feel any Northerner would not be put off by a leasehold property.

That's an astonishing generalisation. Most houses are certainly not leasehold "up north".

Do you mean "North London"?

seven-day-weekend

It is a nice house but three things would put me off.

Firstly -it's leasehold - but it is 989 years left. Put that in the text and it may encourage someone who is dithering over the length of the lease.

I hate the garden, so sterile, and would you even want to sit in that hot tub with ....

...the main thing that would put me off, and it would be a deal breaker for me, is that it is so overlooked. I know there is nothing you can do about that. Stick a few tall bamboos in pots along the boundary just to break it up a bit I suppose.

Otherwise, drop the price to £250k.

Crashy_Time

Offers over 200k IMO.

AH15

Thanks for all the advice some good some not so!

I’ve done a lot of research for where we live and properties are selling albeit very slowly I.e. up for 6 months or more.

I’m not willing to reduce the price by £30k - £50k so that helps me make other decisions.

getmore4less

AH15 wrote: »

Hi


Looking for some advice re not receiving any viewings or any interest in 4 weeks.
...
We are looking for a quick sale and have reduced the price now by £10,000 hopefully to generate some interest.

AH15 wrote: »

I’ve done a lot of research for where we live and properties are selling albeit very slowly I.e. up for 6 months or more.

did the drop generate any interest this week?

looking at the 240-270 SSTC 3 miles
added to rightmove or last reduced

2beds
11/18 £250k
04/19 £245k
3beds
03/19 £270k
03/19 £255k
03/19 £255k
05/19 £255k
03/19 £250k
01/19 £250k
05/19 £240k
08/18 £240k
4beds
04/19 £270k
05/18 £270k
01/19 £265k
12/18 £265k
11/18 £260k
08/18 £260k
02/19 £255k
02/19 £254k
05/19 £250k
03/19 £250k
05/19 £240k
04/19 £240k
04/19 £240k
5bed+
04/19 £250k

Seems plenty are SSTC quickly.
watch for the sold through prices/dates on those that are over a few months
Sold data is upto March, April data should come on soon.


If you look at the sold price on rightmove you can sometimes get the original listing up from the property number

remember these will have the sales process lag from going SSTC to the Land reg data
eg.
Feb 19 £255 SOLD>
Added to rightmove May 18 SSTC £269k

Nov 18 £260k SOLD
added Feb 18 SSTC at £270k

Feb 19 £225k SOLD
Added March 18 SSTC £230k

for more the 270 within 3 miles start on this page.

Murphybear

I think the house is lovely.

As others have said, the photos are not very good, they seem a bit amateurish. Since everyone and his dog takes pictures with their phone the days of EAs using photographers has long gone and the modern EAs have had no lessons in how to get the best out of a camera. Have you looked at other properties from this EA to compare the photos, someone may have had an off day.

Having said that the first picture of the front of the house is attractive

Looking at the map it looks a bit close to the railway line and a main road. I personally would have a drive round the area to make my own judgement as to whether it is too noisy. Some years ago we looked at a house near the M1. It was lovely inside and the EA kept emphasising that the double glazing kept the noise to a minimum which was very true but he kept quiet about the lack of double glazing in the garden :rotfl:

There is no street view but this may be due to it being a very new build

As others have said the leasehold is putting people off. Have you investigating the possibility of buying the lease and got an idea of how much it would cost?

diggingdude

correll wrote: »

I live up North and most houses are leasehold (long leases of 999 years). I don't know about new houses, but I have had 2 houses built in the 80s one that had ground rent of £10 per year and another that had 'peppercorn' (basically you don't pay any ground rent) So I feel any Northerner would not be put off by a leasehold property.

What utter nonsense