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  • FIRST POST
    • dinverro
    • By dinverro 15th May 19, 2:59 PM
    • 18Posts
    • 7Thanks
    dinverro
    Character property but very few viewings recently
    • #1
    • 15th May 19, 2:59 PM
    Character property but very few viewings recently 15th May 19 at 2:59 PM
    Property has been on the market since March 14th and despite a flood of viewings initially, there hasn't been one for 3 weeks now - we purchased it for 355k last March but broke up in January and so need to sell up. We did the outbuilding up which could make a great air Bnb or other business, added a fence, and changed the 70 year old Aga to a large Smeg range cooker which will stay with the house too. Would the large price jump be putting would be buyers off I wonder? It is a character full property with planning permission to extend into the 2 storey outbuilding included plus parking outside and in the property. I would be interested to know thoughts. Link below (just add the www.)-

    rightmove.co.uk/property-for-sale/property-60917109.html
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    • dinverro
    • By dinverro 17th May 19, 1:15 PM
    • 18 Posts
    • 7 Thanks
    dinverro
    Could be true but there are musicians out there, photographers who might like a dark room, DJ's that sort of thing so you never know.
    • need an answer
    • By need an answer 17th May 19, 1:18 PM
    • 1,487 Posts
    • 1,780 Thanks
    need an answer
    We need to have that conversation but it will happen - it is more also that the studio needs some pics more as it is soundproofed with some cool LED lights around the ceiling and stuff like that with an upright piano. The garden could be shown better with photos anyway - I cannot change the inside of the house unfortunately now.
    Originally posted by dinverro

    Your property has been on the market for 2 months,and you have still not had a conversation with your ex who still lives with you in the property about the price it should now realistically be marketed for and the price you would both accept should an offer be made.


    Quite frankly neither of you are motivated sellers IMO.
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    • dinverro
    • By dinverro 17th May 19, 1:19 PM
    • 18 Posts
    • 7 Thanks
    dinverro
    Are you trying to get me to sell it to you ;-P
    • need an answer
    • By need an answer 17th May 19, 1:24 PM
    • 1,487 Posts
    • 1,780 Thanks
    need an answer
    When you address all the issues I've already highlighted with the property then come back and we'll see...

    until then you are hiding behind an advert for a vastly overpriced cottage in the country that perhaps neither of you really want to sell.
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    • Jox
    • By Jox 17th May 19, 2:19 PM
    • 1,403 Posts
    • 2,884 Thanks
    Jox
    Maybe OP can't afford to sell it for lower as they and their ex then need to buy 2 properties?
    • dinverro
    • By dinverro 17th May 19, 2:21 PM
    • 18 Posts
    • 7 Thanks
    dinverro
    Nope not at all actually.
    • need an answer
    • By need an answer 17th May 19, 2:28 PM
    • 1,487 Posts
    • 1,780 Thanks
    need an answer
    Maybe OP can't afford to sell it for lower as they and their ex then need to buy 2 properties?
    Originally posted by Jox
    That may be true, which is why the op and their ex need to decide if they are motivated to sell.

    Sadly a houses worth is not determined by the financial gain that the vendors need to make because of their situation.

    Reality may mean that they do indeed end up living there until the market catches up with their expectations,or they can agree to take the hit and move on with their separate lives.

    I've seen a few couples reunite too in these sort of situations.....
    Last edited by need an answer; 17-05-2019 at 2:37 PM.
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    • gingercordial
    • By gingercordial 17th May 19, 3:36 PM
    • 1,295 Posts
    • 1,406 Thanks
    gingercordial
    also another small outbuilding on the end of it (the black wood one) which has washing machine and freezers but could be used for other utility stuff....
    Originally posted by dinverro
    Is that the bit between the post office and the shed? If it is a proper utility room which is in use why isn't it on the floor plan or mentioned in the blurb? As it stands I would not know where to put a washing machine and that would be offputting.
    • Owain Moneysaver
    • By Owain Moneysaver 17th May 19, 3:43 PM
    • 9,454 Posts
    • 11,359 Thanks
    Owain Moneysaver
    (lovely neighbours I might add)!!
    Originally posted by dinverro
    Well they might be now.

    They could put their house on the market a month after yours sells and the next lot could be absolute scum.

    I suppose that soundproof 'studio' might come in useful for keeping noise out, not in.
    A kind word lasts a minute, a skelped erse is sair for a day.
    • Crashy Time
    • By Crashy Time 17th May 19, 7:35 PM
    • 7,818 Posts
    • 2,814 Thanks
    Crashy Time
    To me this looks like "we want to make our money back plus moving costs etc". Nothing to do with the value of the house. I would knock money off what you paid for it in this current climate.
    Originally posted by lookstraightahead
    Good advice.
    • getmore4less
    • By getmore4less 17th May 19, 8:02 PM
    • 35,826 Posts
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    getmore4less
    A lot of money has been spent on the outbuilding converting it and soundproofing it, also another small outbuilding on the end of it (the black wood one) which has washing machine and freezers but could be used for other utility stuff.... plus the smeg oven which was 3500 which replaced the broken aga that was a fuel drain, money pit and useless in the Summer - so one could argue there is justification for a slight increase in price for sure - I agree 385k is far too much though.
    Originally posted by dinverro
    I would not be promoting washer and freezer in an out building unless it is clear these are additional to both in the main house.

    What purpose we're you investing the money in the annexe, even if not what everyone want it gives justification for the expense and alternative uses can be suggested.

    Which one of you wants to stay there the most?
    • Albala
    • By Albala 18th May 19, 7:23 PM
    • 134 Posts
    • 143 Thanks
    Albala
    Yes, but not everything you do to a property automatically adds value. For example, in a previous house (also old and very characterful) we removed most of the hideous woodchip wallpaper that smothered almost every surface, replastered where necessary, repainted including externally in tasteful (imho, lol!), period colours, removed all pink and/or swirly carpets and stripped/painted the floorboards, fitted new fencing to two sides of the large garden (the remainder was walled) and spent well in excess of £2k on plants.

    None of these *improvements* added any value......but we hadn't expected them to......
    Originally posted by phoebe1989seb

    Good points there. In our over 20 years here, we've reinstated parquet floors, put down woodblock floor in only non-parquet room downstairs, had new soffits/gutters, all bar one window is new, all exterior doors are new, a small extension was built as a utility area, it's been re-radiatored throughout, got a new (oil) boiler and tank, and a high quality conservatory (underfloor heating, for example, and a top-spec glass roof). We will also be re-carpeting stairs and all upstairs rooms, are redecorating to modern tastes, and are putting in a new kitchen likewise before we sell. We reckon that's maintained our place in the market, no more. That's just the costs of keeping a house up to the mark, unfortunately. The place we're buying has had virtually nothing spent on it for over 20 years or more, it's worth far less than it would be had similar work been done, but probably overall the costs would have outweighed that loss (we did most of what we did because we wanted to live somewhere decent in our time here).

    With property, I'm afraid you have to spend a fair bit just to stand still. You can't expect a return on things like a new cooker when the old one was knackered when you bought it. Buyers aren't interested in what you spent, only in what they are buying and whether it's worth it to them.
    Last edited by Albala; 18-05-2019 at 7:25 PM. Reason: spelliing...
    • Clutterfree
    • By Clutterfree 19th May 19, 11:01 AM
    • 3,539 Posts
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    Clutterfree
    Itís a period property yet none of the fireplaces are shown. I only saw them in the previous vendors photos. Are they still there? If so, why no photos?

    What happened to the kitchen floorboards since the previous photos?

    Also you say you spent £3500 on a new cooker but this is not mentioned in the particulars so many may assume itís not included.
    That said, it is now a second hand cooker so no longer worth what you paid for it.

    Unfortunately, potential buyers will look at the previous photos to compare and Iím afraid they were much better.
    Good luck!
    Ageing is a privilege not everyone gets
    • Crashy Time
    • By Crashy Time 20th May 19, 6:38 PM
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    Crashy Time
    Needs a price reduction.
    • OldMusicGuy
    • By OldMusicGuy 20th May 19, 7:18 PM
    • 907 Posts
    • 1,963 Thanks
    OldMusicGuy
    Two options - reduce the price or hang on until you get lucky with a buyer that is looking for something "quirky".

    We have been in a similar situation. Our house isn't a character property but has some USPs that caused the agent to suggest we might get the upper end of his valuation if we found the right buyer. We knew we were being optimistic but we thought we'd give it a try at quite a high asking price and see how things went.

    We had loads of viewings in the first four weeks. People always liked the house and its USPs but the negatives put them off. The agent knew we were open to offers and that price needn't be an issue, but no-one was prepared to even make an offer, which surprised us (probably like you).

    We reduced the price, targetted buyers in a lower price range and we sold pretty quickly (accepted an offer 4% under revised asking from a cash buyer).

    Houses that are desirable and priced right should sell quickly. Round here they are (our buyer sold his in two days, one in our road went in two weeks). We have seen houses hanging round for 6 months to a year where they are not priced right (we have been looking to buy for 18 months).

    No-one will be put off by the "price jump" because it's irrelevant IMO. They will be comparing your property to others in the market, not going through the kind of calculations you have done. So all that matters is what is happening in your area with competing properties, and what type of potential buyers you are getting through the door.

    IMO your house is too unique to appeal to most buyers so you will either have to reduce the price if you want to sell relatively quickly or you will just have to hang on and hope that special buyer turns up.
    • Crashy Time
    • By Crashy Time 20th May 19, 9:40 PM
    • 7,818 Posts
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    Crashy Time
    How many viewings has it actually had?
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