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Selling flat

2

Comments

  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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?

    I've wondered that too. Every house/bungalow has a ground floor.

    I think it's because flats have many different people coming and going - so fewer to notice strangers doing odd things.

    Additionally, if it's not a private garden, anybody can be easily wandering in off the street and peering into 8-10-12+ living room windows because there are no fences.... then then can take another dozen steps and be out on the street. If challenged, as it's flats, they could say they're lost and toddle off.

    It's about borders and barriers more than just being ground floor, but the idea has spread to all GF flats for many without them thinking it through.
  • The last one is next to me but look at description. Only 52 years left on lease
  • Only a small point, but that broken bench you see from the Living room would put me off.

    1- Do vandals hang out there?

    2- Anyone sitting there looks directly into your Living room.
    For Democracy to work, the losers have to accept defeat.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Cheffy123 wrote: »
    The last one is next to me but look at description. Only 52 years left on lease


    OK so if you say £20k to extend the lease that means that your offer was the right price.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I've wondered that too. Every house/bungalow has a ground floor.

    I think it's because flats have many different people coming and going - so fewer to notice strangers doing odd things.

    Additionally, if it's not a private garden, anybody can be easily wandering in off the street and peering into 8-10-12+ living room windows because there are no fences.... then then can take another dozen steps and be out on the street. If challenged, as it's flats, they could say they're lost and toddle off.

    It's about borders and barriers more than just being ground floor, but the idea has spread to all GF flats for many without them thinking it through.
    I've also heard the argument that top floor flats are more vulnerable (easier to spend time forcing entry without anyone passing by).
  • It hasn't got kerb appeal and the bathroom looks very dated, but it's certainly spacious and otherwise fairly well presented.

    The 'private' garden confused me - I guess it's not actually the flat's garden, which would put me off if I were in the market for a flat.

    Ultimately it has to be the price and I, too, would have accepted an offer £20k under asking.......
    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
  • sal_III
    sal_III Posts: 1,953 Forumite
    Fifth Anniversary 1,000 Posts
    davidmcn wrote: »
    I've also heard the argument that top floor flats are more vulnerable (easier to spend time forcing entry without anyone passing by).
    My personal dislike of top floor flats is around heat in the summer, it can get toasty. And with the older ones in particular - roof leaks. Technically the Freeholder is responsible for the repairs and all flats should pitch in. In reality it might take years to sort out and meanwhile you are bearing the brunt of it.
  • cattie
    cattie Posts: 8,844 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    As nice & spacious as the interior is a couple of things would put me off of wanting to view-the look of the block is far from attractive & the fact that's it's ex council. The stated £64 per yr service charge surely has to be a typo! Make sure ea has his facts straight so people know from the off the exact service charges & lease length.

    One of my pet hates is blocks of flats where there is an assortment of different styles of replacement windows, it just makes the block look pretty scruffy & disorganised to my mind

    Your best hope is either an investor, who've you've already had interest from, or a ftb attracted by the lack of stamp duty payable & will appreciate the space the flat offers. An ex council flat isn't to everybody's taste, but you just need to be patient. If no more interest after 4-5 weeks on the market then you'll need to lower your asking price by around £10k I'd say to invite interest.
    The bigger the bargain, the better I feel.

    I should mention that there's only one of me, don't confuse me with others of the same name.
  • sal_III
    sal_III Posts: 1,953 Forumite
    Fifth Anniversary 1,000 Posts
    cattie wrote: »
    If no more interest after 4-5 weeks on the market then you'll need to lower your asking price by around £10k I'd say to invite interest.
    Most savvy buyers will sniff the desperation and offer under asking, in fact almost everyone would offer under asking just to try it on, so might as well get the £220k offer while it's on the table.
  • MEM62
    MEM62 Posts: 5,387 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Look nice but I wouldn't buy it as it does not have a bath. Maybe a small thing but important to me.
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