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

@Time40 this one has just gone on the market in Exeter.

(disclaimer, it’s mine)

https://www.rightmove.co.uk/properties/135290159

@WingBingo Oh, that looks lovely. Sadly, it's smaller than I'm looking for, and a too far out - but the best of luck with the sale. I hope you find a good buyer, and that everything goes smoothly. Thanks for posting.

a bit too ... why do I never see typos until I've posted? Why won't MN give us an edit button? What have they got against a little, harmless, innocent, limited-time edit button?

I actually love that house. (I'd probably keep the decor too...) I do think it's hugely overpriced though. Surely it's an error?

Oooh, you live quite close to my brother! (Not so close that you'd meet him in the street though).

@Time40

I don’t find Kennford too far out btw.

4 minutes to Alphinton from here. But then I am moving to somewhere less rural which will benefit DC when older

That’s a gorgeous house @WingBingo, the views alone will sell it. I suspect a buyer will fall in love with your styling and decor too.

It's Topsham. Topsham is horrendously expensive these days.

@Blossomtoes thank you!

went on the market yesterday. 3 viewings so far booked in

@WingBingo lovely house!

Yes I imagine that's it, you're buying the plot rather than the house plus Topsham was 'naice' 30 years ago and I doubt much has changed.

It’s because it’s topsham. It’s an expensive area, that’s all.

Parent popped their cloggs and kids all want a huge share. Agent only does what they're told....

You think that’s over-priced, look at this: https://www.rightmove.co.uk/properties/132910046#/?channel=RES_BUY

• next to but not in desirable area
• dated without having period charm
• more expensive than nicer houses in leafier suburbs next door. Just why?

I would guess, as no chain, and looking at photos, that it’s an executor sale, and the price has been set by the family, as is their prerogative to decide what a property is marketed for. Probably just hoping that somebody comes along and goes for it.

Oh my god, that one in Camberwell is an insane price!

1. It's in Topsham
2. It has parking in Topsham (which is extremely valuable)
3. It would probably be very easy to get planning permission to turn into something bigger, better and more attractive

Have you checked out similar houses in the area?

Who spends that sort of money on a house🙄 I'm always looking at property near us in Cheshire East and in and around Dundee in Scotland and that sort of thing wud be around the 300k mark..give or take 50k.
Is it really that special down the Exeter way?

Looks like it would be aimed at an investor or builder. Quite a large plot and could easily fit a couple of houses on it if planning agreed.

Because it’s in Topsham, one of the most expensive places to live in Devon.

at that one in Camberwell!

I think this has been said about 200 times on this thread over 2 days, so please can it stop now?

Maybe flying a kite , but also expensive area
possibility of building plot in garden?
or knocking it down and doing two new builds
call the agent and ask

It’s not Exeter. That’s why. South Devon is v expensive. Topsham is ££££