house on the market for about 2 months, price at the range of 900K (in london), based on the rightmove 'move improve' app, it is valued at about 750-800K. 1 house sold nearby in early 2015, 150 sqft bigger and much better conditions at 850K. and other house sold sept 2014 with new loft conversion (one bedroom more) and bigger size extension sold at 870K.
Does it make sense to start offering at more than 10% lower than the asking price (e.g. 800K ?)