Little interest

getmore4less

From my more like this the numbers show there are no shortage of buyers and people with a lot more than £250k to spend.
(Most areas 2 beds peak out as 3beds kick in not here still demand for 2beds way up the money)

If as PasturesNew indicates the very local area is just one of many that are similarly attractive to the type of buyer that would open up the competition a lot

lets look at what people are buying 1 mile out
(3 miles the numbers are massive).

Forsale/SSTC
price....2b....... delta
0-200 054/042
0-210 060/049 +9
0-220 069/056 +7
0-230 085/070 +14
0-240 095/083 +13
0-250 113/095 +12
0-260 123/102 +7
0-270 135/107 +5
0-280 144/116 +9
0-290 161/121 +5
0-300 176/129 +8
0-max 254/160

There are 40+ SSTC in the offer range of places asking upto £250k none of them viewed this one.

Have a good look at what those properties offered.

Also worth a look at the 7 that are in the 250-260 as those viewers should have also be looking at £250 stuff.

What's the target market for this place?
As said downsize/retire won't be wanting top floor.
Young thinking of kids won't be keen when they can get ground floor with garden

How many young FTB will have the deposit?
Second home buyers maybe if coming up from a 1b/studio


Any new build(H2B) or shared ownership stuff that is attracting the buyers.

Looking at 3beds they kick in at £240 but you need to be heading to £300 to get something decent.

MEM62

I have to say that I really like it. The layout is unusual and that appeals to me.

However, to answer your question, it is the price. If you are not getting sufficient interest the simple truth is that the price is too high.

edgex

Bodders11 wrote: »

Wow, thanks all, some really constructive, helpful feedback. And some less so.

The photos are misleading and dont do it justice. The ceilings are very high, they're never an issue and I'm 6 ft. Much taller than some newer builds I've viewed.

The description could undoubtedly be improved and I do agree that the price is marginally too high. My suggestion that it was competitive was based on the fact that it's within range of what the EA suggested listing it at, as the professionals.

They are, however, changing who it is listed with as an alternative tacric so hopefully that yields improved results knowing what we do now.

I'll keep you posted.

:rotfl:

What professional body are they a member of then?

The agents give out a valuation to get you to sign up with them, that's all it's for.

Did she have different EAs round to look at it?
If so, what would be the average of their lowest prices.

edgex

PasturesNew wrote: »

Personally, I'd like a Rapunzel tower if one's on offer ... I'd be viewing this one first, at £199k
https://www.rightmove.co.uk/property-for-sale/property-71328667.html

The OP & his sister need to take a good look at that listing;
look how much better the photos are
how much better the decor is

ReadingTim

edgex wrote: »

The OP & his sister need to take a good look at that listing;
look how much better the photos are
how much better the decor is

...and the digits after the £ sign at the top of the ad....

(top tip - they don't start with a 2!)

Crashy_Time

edgex wrote: »

The OP & his sister need to take a good look at that listing;
look how much better the photos are
how much better the decor is

And they have still had to knock 16k off since it was listed?

diggingdude

I'm about 6 foot 2 and I question how much of that property I can actually walk around in. The photos may not be doing it justice, but for me it looks small cramped and relatively dark. Struck me a somewhere I might suffer from claustrophobia.
I don't know that market at all so it might be fair but it horrifies me to see what I would be paying for down there if I had quarter of a million spend. as I say though I don't know the market so if it's fair then good luck with the sale, it's nicely decorated etc

getmore4less

Just look at the windows from the outside to decide how much light there is on the attic floor compared to the other two.

Crashy_Time

ReadingTim wrote: »

...and the digits after the £ sign at the top of the ad....

(top tip - they don't start with a 2!)

200k could be a realistic starting point IMO, obviously they would have to be open to lower offers.

diggingdude

Looking again it strikes me as the sort of flat that is a rental rather than a life purchase. people would do 6-12 months rent to give it a go. problem is landlords often it seems don't pay the going rate