My Flat Won't Sell

badger09 · 13 August 2019 at 12:10PM

Owain_Moneysaver wrote: »

The listing and presentation of the property can be tweaked, but I think the real problem is it's overpriced at a time when the market isn't very active.

The 'master' bedroom especially is small, and the big doors on the built-in cupboards look as though they'll take up a lot of floorspace to swing open.

Development of the site next door blocking the view would be a big concern for me. That and it being left unmaintained in the meantime and becoming an eyesore.

This one is £60k cheaper than yours, looks a more open internal layout, and is ground floor with a patio.This one's £35k cheaper. Both are in the same development. This one's £40k cheaper, in what I think is a more established development (so you know what's already been built around it). It doesn't have a balcony but it's got very big windows.

Modern flats should be so well insulated that gas heating isn't such a bonus, and the lower maintenance costs of electric (and no leaks) may appeal more to buyers.

It does have a balcony according to description & floor plan, but point taken about other, cheaper options

OP, sadly I think you're overpriced.
I do still like it though:o

getmore4less · 13 August 2019 at 12:46PM

more like this

2 beds within a mile(more than 1/2 is sea using a circle)

For sale /SSTC
price...2bed..3bed+
0-200 04/10 01/02
0-210 05/14 03/02
0-220 06/20 03/02
0-230 07/22 03/02
0-240 08/22 03/03
0-250 09/23 03/08
0-300 17/26 09/10
0-max 18/29 16/19

2 bed sell rates drop off at £220.
not a lot of 3beds in competition.

Any new builds?

that sample is a little small might be worth a draw area to pull in more numbers to see where people are buying.

if I do 3miles the 2b 0-max is 203/300 so plenty of buyers for 2bed places and enough stock for people to be choosy.

The 200-250 numbers are 51/67 look fairly well distributed on the map.

RelievedSheff · 13 August 2019 at 12:54PM

PasturesNew wrote: »

It's like my place "functionally populated with necessary furniture" Some daft buyers don't see the potential.

You're supposed to place a little table/chairs, with a pot of flowers, bottle of wine and two glasses on that balcony, at sunset. Then photograph it and hand those items back to the people you borrowed them from. So WHY didn't you do that with the photo 14 opportunity? Sunset over the water.... suck those buying puppies into the dream.

Some people really struggle to see how a room or space would look if it isn't dressed for them. No harm in dressing or staging rooms to help their vision.

I think just by shuffling furniture around the OP has made the flat look far more lived in than the original estate agents pictures did and it already looks a better prospect to potential buyers.

Crashy_Time · 13 August 2019 at 1:39PM

foxy-stoat wrote: »

Its either too much money, or not enough buyers, or there is an issue with the block.

Slow time of year apparently.

The issue with the whole area IMO is that it was originally marketed as "exclusive" for well off professionals, but over the road was some of the most deprived areas in Edinburgh, so the inevitable happened, flats didn`t sell HA`s and probably BTL`s moved in and bought in bulk at a discount from the developers meaning that prices have dwindled ever since, I heard of someone years ago who bought near there for a LOT more than the OP`s price and was nervous going out into the stairwell because the council had moved some "problem" families in after they bought. The OP`s block is probably fine no doubt, but the price needs to be lower.