Today I saw a three bed semi up for tender on Monday 9 am. It is a 1900's victorian semi in a road of mainly terraces, so one of the best houses on the road. Been in the same family for 55years. Needs a total refurb. Kitchen, heating, windows. bathroom, rewiring replastering etc. guide price £185,000 once refurbed should fetch £200,000- £225,000 I guess we could do it up for £25,000. I have an idea of a crafty low figure for the tender as we are investment buyers and can complete in 4 weeks. Our last purchase was in 19 days!
Our last property we replaced kitchen, bathroom, rewired and double glazing for £10,000. We have a good supply of tradesmen so we hope £25,000 would be a good figure. For the quide price of £185,000 we are thinking of tendering a £150,000 cheeky offer as we can complete quickly. Just wondered if that was too cheeky?