Struggling to Sell Flat

GDB2222

housebuyer219 said:

Alderbank said:

What do you know about the premises below you, which you say is 'commercial property'?

Is it a hot food takeaway? A wine bar?

Is it a quiet little shop with an older proprietor who might be considering retirement?

It’s above a betting shop.. 

I’ve never lived above a shop, but a betting shop sounds pretty okay to me. What time do they close?

Alderbank

The likes of Betfred, Coral, William Hill or Paddy Power normally close 10pm

housebuyer219

GDB2222 said:

housebuyer219 said:

Alderbank said:

What do you know about the premises below you, which you say is 'commercial property'?

Is it a hot food takeaway? A wine bar?

Is it a quiet little shop with an older proprietor who might be considering retirement?

It’s above a betting shop.. 

I’ve never lived above a shop, but a betting shop sounds pretty okay to me. What time do they close?

Ours is a small chain and closes at 21:30. Tbh we have no issues and get on well with the staff etc but can see why it may put “some” people off. It could be worse we have a takeaway at the other end of the parade !

Sarah1Mitty2

Never got the problem with living above shops/pubs etc to be honest?

MEM62

Sarah1Mitty2 said:

MEM62 said:

housebuyer219 said:

The location is perfect for a BTL investor but there seems to be a lack of those about! What can we do to target the illusive BTL cash buyer ?!

I cannot see many being motivated to get into the BTL market at the moment.  In fact, many of us are selling and bailing out.  

Is it easy to find buyers?

I found one.  Hope to complete the sale before the CGT changes in April.  

jimbog

GDB2222 said:

housebuyer219 said:

Alderbank said:

What do you know about the premises below you, which you say is 'commercial property'?

Is it a hot food takeaway? A wine bar?

Is it a quiet little shop with an older proprietor who might be considering retirement?

It’s above a betting shop.. 

I’ve never lived above a shop, but a betting shop sounds pretty okay to me. What time do they close?

Betting shop would be OK but they may apply to the council for a change of use to a takeaway

Sarah1Mitty2

annabanana82 said:

Nowhere near Yorkshire, outskirts of Bristol but a family member is selling their 1 bed flat, they purchased 20 years ago for £90k, it was originally marketed at £160k last year and they finally accepted an offer of £130k 6 months ago.

They should hopefully be completing in the next week if it falls through, I think they'd be looking at a lower price again. Same town has a studio flat for £90k.

Interestingly when they bought their flat, they'd also considered a 2 bed house for £115k which is now on the market for £270k

I thought Bristol prices had been on a moon-shot for the last few years, or is that only in the city?

strawb_shortcake

Sarah1Mitty2 said:

annabanana82 said:

Nowhere near Yorkshire, outskirts of Bristol but a family member is selling their 1 bed flat, they purchased 20 years ago for £90k, it was originally marketed at £160k last year and they finally accepted an offer of £130k 6 months ago.

They should hopefully be completing in the next week if it falls through, I think they'd be looking at a lower price again. Same town has a studio flat for £90k.

Interestingly when they bought their flat, they'd also considered a 2 bed house for £115k which is now on the market for £270k

I thought Bristol prices had been on a moon-shot for the last few years, or is that only in the city?

It's very dependent on area, there's some places in Bristol you couldn't pay me to live where I couldn't afford to buy. Where the flat in question is; has often been considered to be an affluent suburb. 

I live a bit further away from Bristol to the North and I'm seeing lots of homes either being reduced or on the market for a long time. 
I am looking in semi rural locations, and these homes skyrocketed over lockdown so are really coming down to pre/early covid values.

Sarah1Mitty2

annabanana82 said:

Sarah1Mitty2 said:

annabanana82 said:

Nowhere near Yorkshire, outskirts of Bristol but a family member is selling their 1 bed flat, they purchased 20 years ago for £90k, it was originally marketed at £160k last year and they finally accepted an offer of £130k 6 months ago.

They should hopefully be completing in the next week if it falls through, I think they'd be looking at a lower price again. Same town has a studio flat for £90k.

Interestingly when they bought their flat, they'd also considered a 2 bed house for £115k which is now on the market for £270k

I thought Bristol prices had been on a moon-shot for the last few years, or is that only in the city?

It's very dependent on area, there's some places in Bristol you couldn't pay me to live where I couldn't afford to buy. Where the flat in question is; has often been considered to be an affluent suburb. 

I live a bit further away from Bristol to the North and I'm seeing lots of homes either being reduced or on the market for a long time. 
I am looking in semi rural locations, and these homes skyrocketed over lockdown so are really coming down to pre/early covid values.

Yes, I got the WFH bit, stay in your city flat, do your work on the laptop/phone, minimise contact, all sensible stuff, but the fleeing to the countryside in some sort of Dystopian evacuation was always looking a bit silly and bound to end in tears, wonder how many people are now stuck in the middle of a cabbage patch somewhere unable to sell and being told to get into the office a lot more or miss out on promotions etc.?

fackers_2

I can’t imagine a betting shop is a problem. Perhaps there is lack of parking or easy access? Is the street known for attracting a lot of noise in the night, especially at the weekends?