What would be your first offer on a house costing £1,150,000?

[PassTheKetchup]

It's reasonably priced in comparison to similar properties, been on the market since October, the vendors are moving into rented accommodation so there's no onward chain. We want to pay as little as possible but don't want to be insulting or not seem serious.

Any advice on a sensible first offer?

sellers are going into rented ??

take the hint , why are they doing that offer 700k if you really like it

i can`t imagine it being anything special , it is london after all all houses look a like unless you have a few million to spend

agree with mummybarrow to start with - I also work in property. Don't drag your heels too much, I have seen too many people lose out on houses they really want by trying to be clever and get a bargain and then get gazumped! You have already stated that you think it is reasonably priced - perhaps they are one of the few sensible vendors out there that do need to move for whatever reason and have priced their house at the right level? If they have then it might get a lot of interest. Good luck.

Just wondering what you decided to do and how it went :)

Really I was after a WWYD straw poll in terms of first offer but it was a generic question to be fair

I know you think some responses were blunt OP but that's far too simplistic a question. We're not talking about buying something off the peg like a car that you could offer different amounts to different dealers and end up with the same thing. It's more of a how long is a piece of string type question.

There's the sensible rate for houses of that size with that kind of garden in that area. There's a factor for how much work would need to be done on the house and then how much work you personally would like to spend - if any - according to your individual taste.
There's value in your ability to proceed and in the vendor's need and/or desire to sell.
All that's in addition to how realistic the asking price is in the first place and without considering stamp duty threshholds.
No one here can know any of that information really.

That said, I start thinking ball park 10% and adjust to offer less if there are any major factors like a massive amount of necessary work etc.

Good Luck.

If I were going out on a limb, I'd venture Ruskin Walk?! If so, in that area, I'd be thinking it has been on so long for a reason. They have obviously had offers so they're holding out for what they think it's worth. Offer what you'd be willing to pay for it, don't do try mind games. Nice house, odd that it hasn't gone. That does make me a bit suspicious.
Ignore of course if I'm wrong