If a house is on for £320,000 how low would be counted as cheeky to offer?

[StrumpersPlunkett]

Was thinking of offering low enough to cover my stamp duty and solicitors fees. ?

Do you know if they have had any offers?

Offer £260,000. It'll winnow out of the agent what they are looking for.

What's it like internally? Will you need to replace the bathrooms? The kitchen? The carpets? Does it need decorating? What state is the garden in? If any of it needs doing, can you afford to do it or does that need to come out of your budget?
What estate agent is it with & what is their pricing like? When we bought, we quickly realised one estate agent priced quite realistically & their clients wanted close to the asking price; another had asking prices at least 10% higher & they expected offers.
Personally, I don't think there is such a thing as a cheeky offer. It depends what you want & what they want.
Bear in mind that by putting up the road, you have made this quite easily identifiable.

According to Zoopla (and we have renovated inside extensively, but we haven't added rooms) our house is worth almost £100,000 more than when we bought it a year ago (not in London either), so it's absolutely possible to have increased in value (of course I don't know the area act so I can't comment on the actual vicinity)

I find it strangely ironic that buyers are always so nervous and embarrassed about being seen to be being cheeky or taking the piss... yet sellers have no such qualms when it comes to their often ludicrous and piss taking asking prices!

Oh and Luckystar.. Zoopla valuations are notoriously useless and widely regarded as a complete joke... the algorithms they use result in estimated valuations that are almost always widely inaccurate, both too low and too high,

In fact right now on Zoopla my house is estimated at being worth 30% more than my next door neighbours... they're identical houses! In fact hers is quite a bit nicer than mine internally with a much more expensive kitchen and bathroom.

Our old house is also valued at 40k higher than the next house which has a large rear extension and 4th bedroom!

Be cheeky - offer £260:270 and see - houses aren't selling near us and they are only worth what people will/can pay -

They may have had a windfall or getting divorced -

Take the emotion out of it and leave the offer in the table while you look round

Offer what you think it's worth. For similar figures we started off by offering 20% less (way overpriced) and settled on about 12% less in the end. Part of our bargaining chip was that it was significantly higher than anything else nearby and the condition didn't warrant such a premium

If you look on Zoopla you can see what the property looked like when it was listed for sale in 2009:

www.zoopla.co.uk/property-history/3-york-avenue/hunstanton/pe36-6bu/3644648

It doesn't look like they current owners have done much to it other than a bit of redecoration, so I struggle to see why they think it's increased in value so much. It looks like it took nearly five years to sell it in that instance, which would sound a few alarm bells for me.

Based on the wording in the listing, it sounds very much like the freestanding island unit with the hob is not included with the kitchen. So you'd just get the gloss units (that were there when they bought it) and the red worktop (which, imo, is horrible). So it may need a new kitchen.

If you don't ask you won't get.

I live in a house that was originally on for 300k and paid 265k. (8 weeks later) Having done my research on the agent, they seem to always put property on the market at a premium. (Trying their luck?)

In your case it might be too soon for a cheeky offer to be accepted but nothing gained by trying your luck and waiting things out.

In my experience, the price is never what the vendors accept. If you chat to the agent, they will often tell you a minimum that the vendor is after (whether or not you can trust this number is unknown)

Good lord! No one actually takes any notice of Zoopla valuations do they?

Thanks all.
For various reasons have decided against this one and go further back round the coast.