Viewing this house

MovingForwards

I actually like the cottage feel to the house, bathroom walls would get changed quick though.

Then I saw the outside and it wasn't what I expected!

TBH, the outside is neither here nor there as you don't see it when you're inside.

If you like it, know the area and are happy to go and look at it to see how it all looks in reality go for it. Just also try and look for any faults in the exterior.

A good survey will also help.

Probably over priced, but again that's down to what you would be prepared to pay.

need_an_answer

Out of the others you posted links for I would go for the one where you can put your stamp on the property....I think that would have been no 3.

but I'm not you and no idea what your taste in property is...I cant say I particularly liked any of the d!cor in either of the houses that have undergone refurbishment...and at those prices you have to like it...theres no point changing it as it will just cost you money on an already expensive house.

I guess its where your priorities lie too and what your wish list wants....if its a garden then I can see why you may want the house...but what you also need to keep in mind is that you'll probably only use the garden for a few months of the year.


Things to ask about the property your viewing....what fixtures and fittings are staying...its been elaborately done with decadent lighting that if the vendor isn't leaving its possibly not worth the price....you would want to keep as much of the ambience as you can.

Cosmetically its been redecorated,you need to make sure that things like the boiler,electrics and the hidden things have been renovated to a good standard...often some flippers concentrate on the bits you can see and forget things that are the fabric of the property like for example the roof

Its one of those houses that could suddenly look very empty and ordinary once the vendor packs up and leaves.

"Fur coat and no knickers"...yes absolutely...and best house on the street....I'd rather have the worst one and make it my palace!

The fact that it sold for £77k last year shows its been flipped...youre paying the premium for that work to have been done...you wont be able to increase the value of the property substantially other than general market increases.

Why did you not go with no 2 the house you previously viewed?

Hutch100uk

need_an_answer wrote: »

Out of the others you posted links for I would go for the one where you can put your stamp on the property....I think that would have been no 3.

but I'm not you and no idea what your taste in property is...I cant say I particularly liked any of the d!cor in either of the houses that have undergone refurbishment...and at those prices you have to like it...theres no point changing it as it will just cost you money on an already expensive house.

I guess its where your priorities lie too and what your wish list wants....if its a garden then I can see why you may want the house...but what you also need to keep in mind is that you'll probably only use the garden for a few months of the year.


Things to ask about the property your viewing....what fixtures and fittings are staying...its been elaborately done with decadent lighting that if the vendor isn't leaving its possibly not worth the price....you would want to keep as much of the ambience as you can.

Cosmetically its been redecorated,you need to make sure that things like the boiler,electrics and the hidden things have been renovated to a good standard...often some flippers concentrate on the bits you can see and forget things that are the fabric of the property like for example the roof

Its one of those houses that could suddenly look very empty and ordinary once the vendor packs up and leaves.

"Fur coat and no knickers"...yes absolutely...and best house on the street....I'd rather have the worst one and make it my palace!

The fact that it sold for £77k last year shows its been flipped...youre paying the premium for that work to have been done...you wont be able to increase the value of the property substantially other than general market increases.

Why did you not go with no 2 the house you previously viewed?

Hi, No 2 was a lovely house but the garden was a lot smaller and is further into the estate which isn't as nice. Plus its mid-terraced which I'd prefer semi. The 3rd one needs too much work and I don't really have the cash to spend, I need something that is reasonably ready to move into.

This one appeals because of the garden and garage which is difficult to get around there. I wouldn't pay £115k for it though and I'd be surprised if anyone would. I will go and view it and if I did offer, it would be well under that.

Hutch100uk

Cakeguts wrote: »

I just hate the whole house. The interior makes it feel as if it needs modernising and the alterations to the windows in the front makes me think that someone is trying to disguise the fact that it is an ugly ex council house on an ugly council estate.



Those houses will have a top price for that area and something tells me that £77k is nearer that top price than £113k.

In the last couple of years the highest price paid on that street was £104k so I agree. Yes its an ex council estate but I can get the size of house with garden etc in my price range. I don't want to live in a tiny box just because its a prime location.

sgun

Hutch100uk wrote: »

This one appeals because of the garden and garage which is difficult to get around there. I wouldn't pay £115k for it though and I'd be surprised if anyone would. I will go and view it and if I did offer, it would be well under that.

Honestly, houses that have been done out like that are being snapped up in the NE this year. I have done a year of selling and buying up here and I am astonished how little people look beyond the decor.

I almost viewed one of those "butterfly houses" on Allerdene when I was a first time buyer (that's what they were known as then around the area). I didn't go as someone told me something about the construction that put me off. I can't remember what or who (possibly my brother he is an architect). Sorry to be vague but it was 18 years ago.

They were the cheapest of cheap in the area back then. Lets face it, they aren't in Low Fell so why put that on the description? I doubt very much that it is worth £115k but I bet it isn't on the market long!

sgun

"Butterfly roofed houses" I knew I hadn't made it up! https://www.friendsaction.co.uk/locations/allerdene-estate interesting take on the estate and houses in the link. "Relatively poor quality".

This one is really interesting. Lots about the different designs of houses in Gateshead. Butterfly houses appear to have felt covered roofs. https://www.bisfhouse.com/wp-content/uploads/2014/04/housing_gateshead.pdf What an excellent resource, well done Gateshead Council :-)

I'm sure you can find more about them if you look up butterfly roof etc. Some vague memories of why I wouldn't touch them with a barge pole coming back!

Cakeguts

Hutch100uk wrote: »

In the last couple of years the highest price paid on that street was £104k so I agree. Yes its an ex council estate but I can get the size of house with garden etc in my price range. I don't want to live in a tiny box just because its a prime location.

There is a problem with this though. This area is cheap because people are trying to avoid having to buy there. If someone comes along and increases the supply of housing in the area by building new houses, houses on estates like this will become even more easy to avoid buying and so they become more difficult to sell. If you want to buy on an estate like this you need to buy the cheapest house there that you can find not one like this because if they become more difficult to sell they will lose a lot of value whereas your tiny box will not fall behind in price like this because more people will want to live in it.



Anything that looks "good value for money" generally isn't in the long run. Now take the people who are wanting to sell this house. They probably need the asking price to move? Where are they moving to? Most likely off that estate. So if you can afford to not buy on that estate it is almost certainly going to be better to do that value in the long run because everytime you move you lose money.

sgun

If it still has the traditional butterfly flat roof you might have problems getting insurance. So you need to ask about that if you are desperate enough to go and view it.

sgun

sgun wrote: »

I almost viewed one of those "butterfly houses" on Allerdene when I was a first time buyer (that's what they were known as then around the area). I didn't go as someone told me something about the construction that put me off. I can't remember what or who (possibly my brother he is an architect). Sorry to be vague but it was 18 years ago.

Just remembered - it was the mortgage broker! And he was based at the estate agents in Low Fell who was actually selling the property! I think he was taking pity on me as a naive FTB and trying to guide me through the process.

Hutch100uk

sgun wrote: »

Just remembered - it was the mortgage broker! And he was based at the estate agents in Low Fell who was actually selling the property! I think he was taking pity on me as a naive FTB and trying to guide me through the process.

Thank you for the info! I'll have a chat with some of my building engineering colleagues too to get their take on it. I definitely do not want to have problems with it!