Have been there for 4 years and never been an issue.
I would like to approach my LL with an offer to buy to house. House is in need of updating, windows are rotten, kitchen falling apart ( 70's original). Houses next door exactly the same valued at 230K. So how much less would this one be worth?
Also any LL out there, would you offer any kind of discount to someone who had rented from you for 4 years?
What kind of condition is the one next door in? And has it actually sold at that price or has it been sitting on the market for a while...
You can always get an estate agent or two to come and value the property, for free.
As regards any discount: on the one hand you are saving the LL estate agent fees and the hassle of finding a buyer, so that should be worht a discount. On the other hand he/she may not be in any hurry to sell right now, so maybe will only sell for a really good price. I think the two probably cancel each other out tbh and I'd expect to pay market price in your position.
situation is complicated, and just testing ideas at the moment.
I will be moving in with my DP, he has a house to sell, so will have a large deposit as he owns outright. Likely hood would be 60k mortgage, which i don't anticipate any issues getting due to low LTV figure and my salary is good.
Partly i would like to move, new house new start kind of thing, but if this one can be got cheap would be worth doing.
I would imagine my house would need 15 -20k spent on it, windows, rewiring, kitchen, bathroom, redeoration througout.
Agree it depends. If the house is in a decent condition for renting (rather than selling), its in an area where there is a demand for rental property, and presumably the LL has owned it for quite a while if you've been in it for at least 4 years, I wouldn't think that the LL would be in any hurry to sell and would probably only be interested if it was a very good offer and therefore worth his while.
We were in a similar position (although it sounds as if the house was in better condition) - we'd been in for about 18 months and wanted to get back on the property ladder so approached the landlord to ask him if he'd be looking to sell. We mooted a figure that we thought he'd be happy with, and he said not a chance!
make sure the landlord knows that you will either buy or move out. that might help focus his mind when he thinks about the hassle of finding new tenants (who might not be as understanding about the condition of the house).