I sunk £50k into an unsellable flat.

user1977

RelievedSheff said:

Nothing is unsaleable. Everything will sell at the right price.

You bought the flat. It is unlikely you are the only person who would do so.

You have not been in the flat long which will put some buyers off.

And two months (especially at this time of the year) is hardly a sufficient period to declare something "unsellable" anyway.

Officer_Dibble

Originally listed for 20% more than you completed for in May, then reduced twice almost immediately. Was there anything to suggest that the local market had gone up by 20% in 6 months locally? That's not really a great start.

Muttleythefrog

If it is the property someone links in zoopla.... and the details seems correct...

I would say a mistake was perhaps made by putting on market at too high value to get sufficient interest - I actually recently bought a flat that ticked pretty much every box but initially I passed over considering it as it entered the market very overpriced. I imagine many people seeking properties will check the properties coming on to the property portals quite regularly.... and now it is being reduced in guide price might also put people off... especially 2 big reductions within days which appears desperate.

I wonder if remarketing (contractual obligations considered) with a new estate agent (who takes more pictures and better ones as I must admit they depressed me a bit!) starting at sensible price might get that wave of interest that leads to offers. I'd be inclined not to make any alterations as will be disruptive, take time and money. Better probably just to focus on cosmetics and decluttering as required so people can see themselves living there or making a sound investment.

I would prepare for the question 'why are you selling (so soon after buying)?' with an honest answer that doesn't put buyers off...

Ultimately it should sell and the rent and maintenance charges are low... it's a quiet time of year but at the right price for someone they will buy. You should get much of your money invested back and you are still very young. 

Given you've recently had some life troubles.... maybe focus on what is going to make sense and happiness to you.... it might not mean money or property. If you do have flexibility of where you can work and live then look at where is viable and gives you options that appeal. 

Sarah1Mitty2

170k looks very pricey for that flat.

JReacher1

I don’t think it looks that bad really for a 3 bedroom flat in the south. Less than an hour into London. 

Robbo66

The photos are shocking and do the flat no justice, Surely the agent can take better photos to use

SadieO

The photos on the listing are very uninspiring and don't really show me anything about the place, the living room one especially. At least I presume it's the living room, is that an L shaped sofa or it could be a sofa bed so I'm not sure. Even if you do nothing else, ask the agents to add more pictures! Ones showing the doors and windows of the rooms would be good so you get a proper sense of the space and layout of each room. Also it looks very drab, could you throw in a few coloured cushions or plants? I wouldn't stress yet about the lack of interest, not many people are viewing houses in December. 

lika_86

You will sell it, it just needs to be presented better for a start. Not enough pictures, there should be at least one of each room. It also needs to be clearer as to what you are getting as a buyer. For example, where does the door off the kitchen lead if it's a basement floor?

If, after presenting it better then you still aren't getting interest, then it's down to price.

Martico

Martico said:

Basement level: knock out toilet by lounge completely, turn bathroom into shower room with toilet. You lose a bath for a shower, but it'd be a lot more attractive 

Though I agree that you don't appear to be best placed to start such renovations, this is perhaps something you could sell as a fairly low-cost improvement when you show someone round - if they appear put off by the lounge toilet

mr_stripey

the pictures are terrible. They don't really show anything at all and there isn't enough of them. 

So whilst the layout may be an issue, the listing isn't doing you any favors at all