Can’t Sell our Flat - Options?

cattie

In my area, new build flats, not too different from yours as far as interior go have been marketed at around £450k without benfit of a parking space! These come at an additional cost of approx £19k where available.

Yours is a decent atttractive flat, but the photo of the balcony really does the flat no favours & the photo of the lounge looking towards the kitchen area could do with lightening. Still these should'nt really affect people showing an interest in the property. St Alban's is a popular area, especially with commuters, so should appeal to quite a few potential buyers in normal times.

However, as others have mentioned, due to the uncertainty of ongoing employment for many people thanks to covid, they're wary of taking any kind of additional financial commitment, so it's not the best time to be marketing a property.

AdrianC

cattie said:
St Alban's is a popular area

It isn't St Albans. It's Hemel Hempstead.

It's off St Albans Hill in Hemel, parallel to the main St Albans Road which goes past the big Tesco towards St Albans (via that parallel bit of the A414/M1, back end of where Buncefield was). It's a bit below the fake ski slope, about half a mile as the crow flies from the Magic Roundabout.

Tron103

AdrianC said:

cattie said:
St Alban's is a popular area

It isn't St Albans. It's Hemel Hempstead.

It's off St Albans Hill in Hemel, parallel to the main St Albans Road which goes past the big Tesco towards St Albans (via that parallel bit of the A414/M1, back end of where Buncefield was). It's a bit below the fake ski slope, about half a mile as the crow flies from the Magic Roundabout.

In summary, we’ll placed for two of Hemel Hempstead’s most prestigious attractions - what is there not to love! 😉

AdrianC

Tron103 said:

AdrianC said:

cattie said:
St Alban's is a popular area

It isn't St Albans. It's Hemel Hempstead.

It's off St Albans Hill in Hemel, parallel to the main St Albans Road which goes past the big Tesco towards St Albans (via that parallel bit of the A414/M1, back end of where Buncefield was). It's a bit below the fake ski slope, about half a mile as the crow flies from the Magic Roundabout.

In summary, we’ll placed for two of Hemel Hempstead’s most prestigious attractions - what is there not to love! 😉

Hey, don't sell yourself short. I make that four of the highlights...

Ah, happy memories of the Magic Roundabout being part of my daily commute...

wilfred30

Thanks for that Adrian.  

NameUnavailable

It's a funny market at the moment. Estate agents are saying they're struggling to keep up with demand, especially now with the stamp duty holiday. Yet all I see on Rightmove are price reductions until properties reach a price they will sell for.

As we head into Autumn/Winter people will be less inclined to think about moving (as is usually the case) and add into that mix the expecation of a large number of redundancies as the furlough scheme ends, a possible second spike of Covid and the uncertainty of what is happening to us after 1st January when we actually leave the EU.........

NinjaTune

Timotei75 said:

I think the flat looks lovely but agree price is prob the issue (but I don’t know the area). We sold a flat earlier this year and it might be worth adding any ground rent and or service charge costs to the listing, people maybe put off from the lack of info. 

I agree with you re: no mention of ground rent/service charge, though it's good to see the length of the leasehold is shown.  I'm looking at 2 bed flats at the moment and it really annoys me that the information I need isn't there.  Buyers shouldn't be chasing sellers/EAs for basic information like that, tends to make me think there's a reason it's not being mentioned (and not a good one at that).

You have a lovely flat btw, OP.

Mickygg

NinjaTune said:

Timotei75 said:

I think the flat looks lovely but agree price is prob the issue (but I don’t know the area). We sold a flat earlier this year and it might be worth adding any ground rent and or service charge costs to the listing, people maybe put off from the lack of info. 

I agree with you re: no mention of ground rent/service charge, though it's good to see the length of the leasehold is shown.  I'm looking at 2 bed flats at the moment and it really annoys me that the information I need isn't there.  Buyers shouldn't be chasing sellers/EAs for basic information like that, tends to make me think there's a reason it's not being mentioned (and not a good one at that).

You have a lovely flat btw, OP.

It is mentioned, on the brochure. 

getmore4less

Lets have a look at the local market,
more like this with forsale/SSTC numbers.
price........2b....3b+ 
0-250 032/18 00/00 
0-260 047/23 01/00
0-270 061/26 02/00
0-280 075/28 02/00
0-290 078/28 03/00
0-300 086/34 06/02
0-325 098/49 12/08
0-350 124/58 20/16
0-max 147/69 157/118
NO competition from 3 beds which helps
A lot of stock
 narrow in .
270-300 34/10   
280-300 20/07
290-300 10/06
There are 10 SSTC that need a closer look
of the 6 £290k+ 3 were houses
I understand Hemel has areas on a quick glance  i can get
£270k
£275k
£275k

sold before lockdown last year 1/2 mile sort on price asending
a few to look at for comparison.

I think the biggest problem is lots of choice so people can be picky and I recall there was massive development along the canal around Aspley which for commuters will be much closer to the station.

Splatfoot

It does look nice. I would ask that the EA come back and take a picture of the balcony etc in the sun.