same or different value?

whambam

Ok. you have 2 properties 1 an semi detached home and another flat same sq footage literally across the street from each other would they have around same valuation if the condition was the same? 

user1977

Depends on the local market and probably some other variables. Might also help if you explained why you're asking - are you looking at specific properties or this just an academic question?

(also which country!)

bobster2

whambam said:

Ok. you have 2 properties 1 an semi detached home and another flat same sq footage literally across the street from each other would they have around same valuation if the condition was the same? 

Is one of them "unique"?

Alderbank

user1977 said:

Depends on the local market and probably some other variables. Might also help if you explained why you're asking - are you looking at specific properties or this just an academic question?

(also which country!)

I am guessing the local market is Glasgow city centre so Scotland.

If the street in question is Mavisbank Gardens then for me it would be the apartment 100% every time over any of the semis across the road.

lr1277

Not knowing the specifics of the property I would look into:

1) leasehold/freehold for both properties?

2) if leasehold,  what are the yearly charges? Can you get feedback on the management company?

3) If a flat, you may be dealing with one or more other owners. With semi-detached, you may only be dealing with one other owner.

4) When you say flat, how many floors in the building? On which floor is the flat? Is there a lift in the building?

5) While the flat might be at the same standard as the house, what are the common areas of the building with the flat like? Are the common areas in good condition?

These details might help people assess whether it is worth paying more for one than the other.

Also could be down to personal preference. Having lived in flats, there are more variables you can control when you live in a house.

Bigphil1474

Does the house have a garden, is there any outside space with the flat, is there a garage, what floor is the flat on, is there a lift, how many bedrooms, room sizes, is there more demand for houses or flats - go find a piece of string. 

FlorayG

Absolutely not. I once had for sale two properties in the same road, one was a semi with a huge garden and  three double bedrooms the other was tiny bungalow with 1 double and on tiny single and they were valued at the same selling price. The needs of the market dictate

user1977

lr1277 said:

2) if leasehold,  what are the yearly charges? Can you get feedback on the management company?

Given the OP is in Glasgow then let's presume no leasehold involved, and (probably) factors appointed to manage the communal stuff.

RelievedSheff

I'm guessing you are upset because the flat is being valued at the same price as your "unique" estate semi detached house?

Herzlos

I'd normally assume the house would be worth more all else being equal; there's usually better access via doors, better parking, outdoor space and less noise.

But it depends on the buyer. The flat will have less outdoor space to maintain, may be more secure, may be further from road noise, may have a better layout or nicer fittings etc. The sort of people who want to live within a short walk of the city would probably prefer a flat too.

Presumably this is the flat you're talking about?

https://www.rightmove.co.uk/properties/155818331

In which case the flat is worth more. It's more spacious feeling, less cluttered so feels bigger and brighter, has nice fittings, 2 bathrooms (with a bath), seems quite high up so pretty quiet.

And the view from the balcony is incredible.

Honestly, if I wanted to live in that area of Glasgow and could get away with 2 bedrooms I'd take the flat. I could absolutely see myself retiring there.

Curiously, there's another virtually identical flat on the ground floor for offers over £229k:
https://www.rightmove.co.uk/properties/155818940

It doesn't have the view and doesn't seem quite so 'nice', though I'm not sure the differences would be worth £70k.

If you want your house to sell for closer to the flats value, then you need to have a serious clear out, refresh decor where it's needed and then get good photos taken of the place.

eddddy

whambam said:

Ok. you have 2 properties 1 an semi detached home and another flat same sq footage literally across the street from each other would they have around same valuation if the condition was the same? 

A property's valuation is based on what people are prepared to pay for the property.

So for example...

• Families with 1 or 2 children might be prepared to pay £300k for the semi detached house

• Young professional couples might be prepared to pay £300k for the flat

(And the 2 market segments might have little or no overlap - i.e. the families might not be at all interested in flat, and the professional couples might not be at all interested in the house.)