Seen a flat id like to buy. Its up for 125k, which imo (using comparisons such as others sold on that and surrounding streets) is too high. Id say more reasonable figure would be around 112k ish. A similar flat with excellent improvements on this one (rejigged the layout, bigger kitchen, second bathroom) went for around 120k about 2 weeks ago.
To make this one like that one would cost around 10k so 112-115 reflects that.
The current owner is a developer who I have since discovered today paid 80k for the flat this February. He got it for a steal - it went through probate and presumably the inheritors just wanted shot.
Having visited the flat a few years back myself as a friend of a friend of the owner, and again visiting this week as a potential purchaser, the developer has laid new carpets throughout. Thats it.
So now I feel like its leaving a bad taste that within 4 months and what? Max 4k spent on carpets being generous, they are anticipating 50% on top of what they paid back in profit?
I cannot see where they have spent any more - there are even prints on the wall and light shades that linger from the owner prior. The boiler is not new. No new doors/windows. No decorating.
Ive no doubt they got a bargain 4 months ago. But (1) the flat isnt worth 125k and (2) I am loathe to see someone profit 45k in 4 months after doing bot all to it.
Aibu?
Please or to access all these features
Please
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AIBU?
To not want to line someones pocket to the tune of £45k?
47 replies
NapQueen · 17/06/2018 22:16
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