Need some help

Miss.Sian-Marie

PasturesNew wrote: »

This one isn't that dissimilar on first glance, is in almost the same road and has just sold with an asking price of £149,950:
http://www.rightmove.co.uk/viewdetails-9317607.rsp?pa_n=1&tr_t=buy

Your EA hasn't put the room sizes on/it's difficult to read. Means people might just not bother as you're making it harder for them to find out the details they'd be interested in.

So I can't compare the two.

The two don't really compare as it's a 3 bed extended semi bungalow...

Also the room sizes are on the floorplan.

PasturesNew

Miss.Sian-Marie wrote: »

The two don't really compare as it's a 3 bed extended semi bungalow...

Also the room sizes are on the floorplan.

They sort of compare.

The OP's is an extended bungalow; the other was built as a chalet bungalow. In my opinion, one built as a chalet bungalow is likely to be a better bet than a bungalow extended.

I can't read the sizes on the floorplan on my screen. It's all fuzzy,

poppysarah

Two big tubs of flowers either side of the front door. Give it some kerb appeal. Looks nice enough but as someone said best not to be the dearest in the area - but if you tell the EA you're happy to negotiate a little more on price he may send buyers your way without you publicly cutting the price.

poppy10_2

poppysarah wrote: »

Two big tubs of flowers either side of the front door.

Yep, that'll increase the price by at least £5k

pepperjulie

The OP's is an extended bungalow; the other was built as a chalet bungalow. In my opinion, one built as a chalet bungalow is likely to be a better bet than a bungalow extended.

No because the rooms are a lot bigger in mine. My dining room used to be the second bedroom. There was not a dining room before. The 2 bedrooms upstairs that were added are bigger than in the comparative house.

I agree I can create kerb appeal to entice people in. Not so foolish to think that 2 tubs of flowers will increase the price by £5k!

Rupa

The big bedroom upstairs has to be accessed via another bedroom, which many would see as a problem, messy etc to fix.

pepperjulie

Rupa wrote: »

The big bedroom upstairs has to be accessed via another bedroom, which many would see as a problem, messy etc to fix.

That is how it looks, but it is not the case. I have already pointed out to EA that the door is in the wrong place on the plan. The bedroom has it's own doorway.

macaque_2

Pepperjulie

I think you are being unrealistic.

1. Your house is a perfectly nice but it is small on the outside and small on the inside.
2. You feel that it is "different to everything around". Although it may seem different to you, it does not differ in a way that makes a material difference to a prospective buyer.
3. You "don't want to give (it) away" but £180,000 for a small brick box in Leicester is a staggering amount of money. It only seems reasonable to you because the perception of property values have been distorted by a recent bubble. If a person on an average salary was able to find an interest free loan, it would still take them 40-50 years to pay off the capital. Valuations at current levels are wholly unsustainable.
4. Although you talk about renting it out, you don't really want to do this. You are only trying to rationalise your decision to hold out for an unrealistic price. Renting involves risk and hassle. The risks are particularly unpalatable at moment given the rising unemployment and falling house prices.

We don't know for sure where property prices are heading, but is very evident that lenders no longer believe current valuations and auctions are slashing prices by up to 50%. The estate agent market has become something of a false market. Property sellers are desperately holding out for 2007 prices and a small buyers with large deposits are oblging them. The strain is growing however and sellers are starting to cut prices. Last month saw a very large monthly fall. This process is likely to accelerate as sellers chase prices down.

If I was in your shoes, I would cut the price hard. For me, £160K today would be vastly preferable to £105K in 5 years time.

PRINCESSKERRY

Do you enter your house through your kitchen?

If so thats the only odd thing I would find, I personally would have put the kitchen where the dining room is but then again the stairs rise from there.
I think the bedrooms are a good size, i would definately get your estate agent to move the bedroom door on the plan though.
I like your house on the inside, but like others said I would definately add a few pots around the front door. What I dont like is the lay out of your house if I'm honest and that is something that is very hard to fix.
I hope you find a buyer who the lay out works for.

pepperjulie

Do you enter your house through your kitchen?

If so thats the only odd thing I would find, I personally would have put the kitchen where the dining room is but then again the stairs rise from there.
I think the bedrooms are a good size, i would definately get your estate agent to move the bedroom door on the plan though.
I like your house on the inside, but like others said I would definately add a few pots around the front door. What I dont like is the lay out of your house if I'm honest and that is something that is very hard to fix.
I hope you find a buyer who the lay out works for.

Yes you do enter through the kitchen. Originally there was a very small hallway but that had already been removed when we bought the house. Obviously to make the kitchen bigger. All of the houses on our street are the same. A small porch on the front would take away the fact that you walk straight into the kitchen. Personally it is not something that has ever bothered me. But thanks for the input anyway.