Surely they've mispriced this house?? Any Estate Agents or Property Experts able to comment?

[wtfiswiththishouse3]

I've namechanged for this - this house is on my road and I don't want this post linked to my others.

www.zoopla.co.uk/for-sale/details/55501879?search_identifier=160c182890cd195c887072dc94ba80e4

I am just flabbergasted. How do the prices get set?

I was actually looking on Zoopla because I am thinking about extending or moving and I wanted to see what asking prices are doing.

This seems to be at least £250k more than anything similar locally.

It is a nice road with a good primary school, good transport links and green space nearby but it's not an especilaly nice bit of London and no similar properties have sold for even nearly this price.

Does the Estate Agent decide the price? Or can the vendor say 'put it on for £1m - I don't care what you say'?

The decor is not at all to my taste but it's obviously been finished well - however it's so 'characterful it's unlikely to appeal to lots of people.

Or maybe IABU and this is actually what my house is also worth. Woohoo!

I think it's very nicely done, classicly styled - looks like a modern Victorian home inside though personally hate the bog standard mock-tudor outside.
It may be problematic that they have "boarders" in the garden, though...

Love the floor in the living room, and most of the decor - it's very on trend (i.e. character but trendy fittings with it) in terms of suburban style - the flowery wallpaper was to create a 'garden room' - though I agree it wasn't quite right, should have been less of a busy pattern / softer pastels if going for wallpaper.
What I don't like is the roof top extension, who wants that piled on look! and as someoe said pictures are hung up all wrong.

Suggesting this house is in Wimbledon is like a friend of mine who lives in Tolworth and insists its Surbiton.

Where MIL lives, flats go for about 350k. One guy bought a typical flat, did it up very high spec. Priced it at 650k! Nearly the price of 2 flats.

It didn't sell, so now it's 550k. The estate agents got calls from excited neighbours, thinking that the flat prices had gone up, but the agent admitted it was priced too high but said that the vendor insisted on the price. They put it on knowing it was way too high, so these types of situations do happen.

Prices in London are terrifying considering I grew up there and now live away (purely due to career reasons). I’ve now finished training and due to move back to the South and always skip a beat when looking at the prices though not moving to London at all

I think as long as I can buy somewhere I can get to London at weekends in less than 45mins then I’m happy. It’s truly ridiculous that even on what is considered a high salary key worker London prices are pretty much out of reach unless you have inheritance/parental help.

It's not to my taste and where I live you could buy something much, much better than an old extended semi on a big standard road for that price.

I think we overpaid for our house. Bought for £470k for a 3 bed terrace. Although recently a 2 bed sold for £400k. Is a third bedroom worth £70k?

Bog standard not big.

It's not to my taste and where I live you could buy something much, much better than an old extended semi on a big standard road for that price.

It’s mad isn’t it. A person is obviously well off to afford a £million house but then all you get is a bog standard one you wouldn’t look twice at (I’m saying that as it’s the type of house I live in and Im an average earner!)

If I could afford a £million on a house I’d want something much much nicer!

I love it!!! Think it's a good listing price tbh - that kitchen is amazing and I love Morden!

I've had another look as quite frankly I wasn't impressed the first time.
Now I'm even less impressed.
I could buy a beautiful detached house less over looked for that price.
To describe the garden as beautiful is wrong, it's not. Sorry that 's the first sticking point it's average and manufactured, not created by a gardener at all.
This then leads to the view that the entire house is 'manufactured ' and 'staged'. You can tell.
It matters not one jot who has designed the kitchen etc it's still far too expensive in my opinion.
The decor will date very quickly, the bathroom is already dated.

I think some of the above posters are missing the point. A 1 million pound house in London is very different versus a 1 million pound house in say Yorkshire.

@BigSandyBalls2015

Suggesting this house is in Wimbledon is like a friend of mine who lives in Tolworth and insists its Surbiton.

Actual lolz 😂

I absolutely do not dispute it’s been done to a very high standard and has had a large amount of money spent on it.

It just seems very very unlikely that it would be worth 300k more than larger nicer houses on the same road.

This is much better located and £100k less

www.zoopla.co.uk/for-sale/details/55377046

Terraced I know but this is ACTUALLY Wimbledon

www.zoopla.co.uk/for-sale/details/48744503

I just don’t get the mindset I suppose.

In my area of London, the housing market froze during Covid then as soon as lockdown started to end, everything went into overdrive. I know 2 people who sold the day they put their houses on the market and both got over asking (both moving slightly further out to zones 4-6 to get bigger houses).

It could well be that the house in the OP could get that price. Maybe people are trying to get themselves sorted before a potential 2nd wave or Brexit?

this happens all the time:

someone has effective possession of a house. someone else is the actual owner, or shared owner. usually either a divorcing couple or the joint inheritors of an estate.

the owners who don't live there want their money, so the place must be sold, but the person who lives there would rather enjoy the benefit of the property and not have to move.

if the person who doesn't live there lives a long way away or for another reason isn't able to assert their interests as strongly as is needed. the person living there drags their heels and avoids the property being marketed for as long as possible but eventually concedes, but it ends up that the person living there is the one instructing an estate agent. so they are at liberty to set a ridiculously high price because they don't actually want the sale to ever happen.

no way of knowing if this is happening in the case of this property but I wouldn't be surprised.

To be honest op, even without the finish I think thr house at a hundred k less is worth a hundred k less.

Where I am £1m can buy you an actual mansion

www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION%5E452&insId=1&minPrice=900000&maxPrice=1000000&minBedrooms=3&radius=40.0&includeSSTC=true&_includeSSTC=on&googleAnalyticsChannel=buying

But they are all so boring and bland!

@wtfiswiththishouse3

I absolutely do not dispute it’s been done to a very high standard and has had a large amount of money spent on it.

It just seems very very unlikely that it would be worth 300k more than larger nicer houses on the same road.

This is much better located and £100k less

www.zoopla.co.uk/for-sale/details/55377046

Terraced I know but this is ACTUALLY Wimbledon

www.zoopla.co.uk/for-sale/details/48744503

I just don’t get the mindset I suppose.

The Wimbledon one backs onto the railway, which is very busy. You can probably feel the place shake.

It’s also 40 square metres smaller than the one on your street.

Why have you posted two bland, characterless terraced houses with small gardens and ubiquitous off the shelf kitchens to prove your point, OP? Because you’ve kind of done the opposite.

Is a corner plot semi refurbished to a very high standard worth more than a terrace with bog standard fixtures and fittings? To my mind it is. I know I’m in a minority but, hunting scene wallpaper excepted, I like the colourful decor. I’m sick to death of grey, white and beige and even more tired of “wooden” floors unless they’re original floorboards. The tiles in the halls of both those terraces are an abomination.

Hear hear @alsohuman. Most of the alternative houses that have posted on here make want to gnaw my own arms off in boredom. Acres of grey carpet makes me die a little inside.

Although I will make an honourable exception for @Dylaninthemovies1's Edinburgh flat, but then I am mildly obsessed with Scottish tenements

Why have you posted two bland, characterless terraced houses with small gardens and ubiquitous off the shelf kitchens to prove your point, OP? Because you’ve kind of done the opposite.

The point is the location surely? I actually quite like some of the decor of the Morden house but I wouldn't personally want to leave in Morden if I could afford Wimbledon. The schools, high street, amenities, no comparison in my opinion.

Really? I think all of “my houses” are beautiful! Admittedly the decor isn’t always to my taste, but you can make your own stamp on it when you get into the house.

I am unashamedly obsessed with houses and decor! Our house wasn’t exactly to our taste when we bought it; but it wasn’t awful and it was completely liveable. I’ve had a great time trying to bring it up to scratch