Selling flat

Cheffy123

Hi everyone. Could do with advice.
My flat nearly been on market 3 weeks and only 1 viewing. It was investor who only offered 20k below asking price. The pictures are pretty good and its very spacious inside. My estate agent says dont worry the flat will sell. I guess I need to be patient.
What's your opinion
rightmove.co.uk/s6p/74004943
Dont forget www.

PasturesNew

Three weeks is nothing. Even in a fast moving market many'd not have had many viewings by then.

Nothing wrong with the flat. It's lovely, it's HUGE.

"Parking available to front" could make some think they might not get a spot. If it's possible to clarify that. People will assume it's First Come, First Served, and wonder if they'd get a spot.

There's no noticeable/immediate competition.

It's probably just "the way the market is" at the moment. People aren't viewing yours because they've not sold their 1-bed flat yet.

Take advice from your local agent each 2 weeks on the market/prices and wait.

Vestra

You’re on at £240 and the two most recent comparatives of 2 beds in that area sold for £225. Given the price falls in Greater London I wouldn’t offer more than £210. Not sure why you didn’t take the £220 offer, sounds like a reasonable offer.

M_Python

It looks very nice inside but quite a few things would put me off:

Ground floor - security concerns
Shower only - no bath
Back garden appears to be communal
Looks like a Council block from the front
No allocated parking

Cakeguts

It looks like an ex local authority flat to me. People generally avoid those because of the possibility of big refurbishment bills in the future. It isn't going to have a large market for sale and it is a long way from a station.


Your asking price is too high if you have only had 1 viewing. You need to check how much non ex local authority 2 bed flats sell for in your area. Yours will fetch much less. It may only sell to an investor at that kind of price because of what it is and where it is.

SallyDucati

M_Python wrote: »

It looks very nice inside but quite a few things would put me off:

Ground floor - security concerns

this is something that always gets me - this is commonly said about flats, but not about bungalows. Also how is a ground floor flat any less secure than the ground floor of a house?

Cheffy123

I get a bus which is 3 min walk and bus takes up to 7 minute to station

Cheffy123

280-300k for non ex council flats. But alot smaller

Cheffy123

I do know a flat sold lately for under 230. Maybe the lease had not many years left

sal_III

SallyDucati wrote: »

this is something that always gets me - this is commonly said about flats, but not about bungalows. Also how is a ground floor flat any less secure than the ground floor of a house?

It generally isn't, but it's less secure than the upstairs flat with the same layout location etc.

The main issue I have with these is that damp proofing on these ex-council flats is abysmal and the ground floor flats are mouldy as hell.

Cakeguts

Cheffy123 wrote: »

280-300k for non ex council flats. But alot smaller

The size is not the problem the problem is that it is an ex council flat and that devalues it because people will try not to buy it if they can.


Here you go. A maisonette with garden on at £210k. You aren't going to get any more than this for yours because this one has a garden. https://www.rightmove.co.uk/property-for-sale/property-65122599.html


Here is another one that has a garden parking and a garage, https://www.rightmove.co.uk/property-for-sale/property-62803314.html


Here is one just around the corner. https://www.rightmove.co.uk/property-for-sale/property-65070183.html Your flat is on at £40k more than this one so the offer you got was a good one.