Why is this house so incredibly expensive?

[Time40]

I've been looking at property in Exeter for a while, and this one is way out of line with everything else available. It's the best part of a million quid. What's going on here? Just why? And why would an estate agent let a seller put a house on the market at a massively inflated price?

https://www.zoopla.co.uk/for-sale/details/57386818/?search_identifier=6c6442577dc0cc117836ea784e0d165c050c475d612f785f24bc04c905268bed

Is it really that expensive? 3B, detached, freehold, garage, large garden. Just the plot of land by itself is probably pretty valuable.

I think they might be dead.

My only suggestion was going to be location, but I see you think not.

I assume it's the location judging by the 'points of interest' it would be beautiful if someone did it up

Just ad a quick look - 3B detached houses in the same postcode go for over a million.

Well you certainly suit your username, don't you?

It’s not overpriced. It’s .1 miles from the station, .3 miles from a school. Double bedrooms, cul de sac. That house would be well over a million in my area at same distance from amenities

You can see by looking at other properties for sale with the same estate agent that it is overpriced so the vendor overruled the agents valuation.
It says no onward chain and it is dated so probably a probate sale. Sometimes people get greedy as they have no rush to sell and hope for one buyer to come along and pay far too much.
And @ThankmelaterOkay is very rude.

Not sure if someone has mentioned this as haven’t RTFT but parking in Topsham is a nightmare so the fact this has off street parking for several cars will massively up the value.

If you buy it and take out the kitchen cupboards please give me a shout.

It’s not a typo, next door looks like it sold for £922k in 2021, so they will get £900 easy I imagine. The garden looks lovely. Anyone saying ‘’oh it’s a bit dated!’ Hasn’t got a clue, it will get the full renovation treatment. No one paying £900 would live in it like that. It’s quite big already and you could put a lovely extension all along the back with full glass doors. It will be beautiful.

First rule of offensive ageist club, sneer at people for no good reason. Resent others for things they have no control over and hypocritically imply you'd do anything differently.

Totally agree about all those recoiling in horror at the pink bath (and the twats moaning about "boomers" not painting everything grey for them) - utterly irrelevant.

Land value I'd assume. Knock it down, build two houses or a 'luxury apartments'.

It’s slightly overpriced for the area and condition but not by much at all. Personally I could never move to Topsham, it’s Surrey-on-Sea with second homes and pissed off, priced out locals. My hometown, not far away is going in a similar direction and it’s heartbreaking.

So Topsham is not just a clever name then?

Bought a house, worked hard all my life to afford it , brought up a family. Still living in said small semi detached. Boomer, what a nonsense.

Looks like it needs a serious update throughout, definitely not worth the price it’s listed at.

Maybe it has plans and planning permission to either rebuild, or extend and turn into 2 storey house.

Topsham is in a league of its own when it comes to house prices. I live not too far away and I don't think it's actually worth it to live there

If you do love to Exeter, you will love it the area is great. I grew up round here and then moved back to bring up my child and all my friends and family have never moved from the area.

Just avoid Lympstone, Exton and Topsham, crazy money!

Hyper-individualism. There’s just nothing individuals can do to make a difference, especially when their hands are forced to mark X next to their Tory MP’s name every few years.

I couldn’t care less what my probate home sells for in 2075!

Boomerism first proliferated in the boomers, but the mentality is not exclusive to their age group. So I’m not ageist, thank you very much.

Some estate agents now base their contract sale commission on the initial valuation of a property, its in the small print. Which is why I think I see so many homes near me go on at ridiculous prices, only to get reduced a couple of times, sometimes quite significantly, before they actually sell. But the agent gets commission on the initial valuation, so perhaps an element of that here too?

@Moveoverdarlin well if it last sold in 2021 for £922k the owners clearly didn’t update or renovate it so there will be people who move in and do jack shit to the house. I’d be questioning what was wrong with it that the owners are moving out that fast after spending that amount of money on it though.

Of course you’re ageist. The use of the term “boomer” is inherently ageist.

What the fuck are you talking about?

You are being as ageist as fuckery.