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Original poster

our converted garage isn't selling, market seems to have not picked up in jan

269 replies

pigglewiggle · 18/02/2015 20:15

We've converted our garage into a home. Its freehold and I'll admit its a bit on the small side but if I was in my 20s or looking for an investment I think it would be fab. Its similar in size to one bed flats however has the advantage of no shared walls.

We took out a quite large loan to pay for this (40k) and currently have it on at 175 so were hoping to make a decent profit but its been on for 3 months now with only 4 viewings and no offers. Its getting to the stage where the interest is making a real dent in our finances and eating into the profit. Its all done up to a good spec and is clear and neutral so I don't think that's the problem.

I was to spend some money to put some funishings in and keep the price while partner is wanting to lower the price 10k. Any advice?

OP posts:
TeddyBee · 20/02/2015 16:42

We were keeping an eye out as the in laws are elderly and while my mum is young, she has no pension and no savings and loads of debt, so I can see her landing here on a few years. Couldn't find one at all though, in this area anyway.

LizzieMint · 20/02/2015 17:05

I would definitely agree with the other posters in saying houses with annexes are sought after - it's what we're looking for at the moment. We viewed one last week which has a converted garage as an annexe which is currently rented out. Was in slightly the wrong location for us, otherwise we'd be buying it.

CiderwithBuda · 20/02/2015 17:43

I know two people who are looking for a house with separate annexe - wrong area though!

Why don't you get a few estate agents around to value house on its own, house WITH annexe and annexe alone. Bearing in mind we already know current price is too high for annexe alone.

EnriqueTheRingBearingLizard · 20/02/2015 18:40

All of a sudden the converted garage is a big advantage to the property as a whole because so many houses with dependent relative, au pair or grown child accommodation is actually cojoined, whereas detached and with its own area of garden is a much better idea for most people both from a family point of view and from the point of view of the occupant of the annexe.

HaveToWearHeels · 20/02/2015 19:07

Thanks for the update ihatethecold the man was a vile specimen.

noddyholder · 20/02/2015 19:08

I agree with ronik and hope he hasn't been banned

PrincessPilolevuofTONGA · 20/02/2015 19:10

Most people on this thread were in agreement with his sentiment. It was his delivery that was completely fucking crazed flawed

HaveToWearHeels · 20/02/2015 19:16

noddy I totally respect your opinion on this and other threads where both you and Roneik have agreed. However you have never been abusive, foul mouthed, or arrogant.

noddyholder · 20/02/2015 19:17

Yes its all in the delivery but this is the internet you expect the odd leftfield poster and I am glad of them

noddyholder · 20/02/2015 19:18

I didn't see abusive threads btw just general observation from me!

VioletMoon4683 · 20/02/2015 19:18

Have you considered using it as a B&B or holiday accommodation? You'd possibly make more cash then renting it out but it would be harder work.

Bowlersarm · 20/02/2015 20:16

I'm conflicted about Ron. He is off the scale, but I was on a recurring thread with him and liked his input. I'll miss that thread, and actually quite sad if he's banned.

Feckeggblue · 20/02/2015 21:00

I'm glad he's been banned. He was an irritating knob.

ihatethecold · 20/02/2015 22:31

You can put your opposing view across on a thread without being such a misogynistic man.
It's really not needed.
Who cares if he doesn't agree with people.
His opinion is irrelevant really.
But calling his ex's benefit bitches is nasty.

Pipbin · 20/02/2015 23:13

this is the internet you expect the odd leftfield poster
I agree with his sentiment however saying something like 'it's the internet what did you expect' is like excusing wolf whistles. You walked down the street, what do you expect?

Jamie1981 · 21/02/2015 03:03

This reply has been deleted

Message deleted by MNHQ. Here's a link to our Talk Guidelines.

Feckeggblue · 21/02/2015 08:12

And Jamie is ronik2, if indeed not ronik himself. I've reported

PetulaGordino · 21/02/2015 08:12

It's not £135k profit though - read the thread (or simply use your brain) and you will see why. Are you a friend of roneik's?

MooMaid · 21/02/2015 08:25

Dear god, OP must be wondering why she bothered posting. Sick of all this house inflation bollocks etc. Not saying it doesn't happen but jeez, it wasn't caused by the OP. She's asked a question, stop derailing the sodding thread

Kvetch15 · 21/02/2015 09:07

This reply has been deleted

Message withdrawn at poster's request.

Bowlersarm · 21/02/2015 10:03

Wave everyone, there's a 3 page thread about this thread on housepricecrash, which I assume is where Jamie popped over from.

ihatethecold · 21/02/2015 10:08

waves!

Honeydragon · 21/02/2015 10:20

Oh it's round up your cronies time. Jolly good

ihatethecold · 21/02/2015 10:24

Bet the op wished she had never bothered?

Bowlersarm · 21/02/2015 10:28

Hopefully the OP will rent it out to recouperate the costs, and then eventually sell the house and garage together when the time comes, which has been suggested by several posters I think. At least the OP has a practical solution to work with.