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Original poster

Is the London market dipping or is my house overpriced?

94 replies

Linkee · 09/05/2017 20:48

Our house went on the market 2 weeks ago, 12ish viewings but no offers. The feedback from the agent seems really vague...the house is small apparently, but its identical to all the stock around here and finished nicely.

We have previously sold a house in a similar area last year and and 5 offers on the first day!

OP posts:
olderthanyouthink · 10/05/2017 09:36

Ah just saw the link Blush

My parents house was in a crappier (probably soon to be up and coming) area further out

NomDePlumeReloaded · 10/05/2017 09:36

Don't know prices...

G1ggleloop · 10/05/2017 09:39

It looks lovely. We're in Havering and cheap houses are selling quickly but things a little higher are hanging around for ages. 450 seems a reasonable price, I know barking prices are a little higher than where we are so seems fair.

BabyNeedsHelp · 10/05/2017 10:02

We had to sell 10% below what we paid in 2014 (central prime area). We were looking for something bigger but have decided to rent to see if these discounts are temporary or the start of something bigger.

MrsMarigold · 10/05/2017 10:15

Looks good, just hang in I think it is slow in London.

Oliversmumsarmy · 10/05/2017 10:46

£450 looks like from what you have said an ok ish price and what your estate agent told you is true that a lot of people like to put their own stamp on the property but they also add in to that how much it will costs to do and what it would be worth when they have finished.

Me personally would want to make the kitchen, dining room and conservatory one big kitchen live/dining space. I would also be putting a fence and gate up from the back corner of the house to the boundary so you have off street parking and turning the garage into a games room/workspace area. All that costs. It would add value but wouldn't want to be paying £450 for it.

In the meantime I would recommend staging the conservatory and clearing as much of the kitchen as possible to make it as uncluttered as possible

Oly5 · 10/05/2017 10:49

Lovely house and well-priced from where I'm standing (expensive SE). Wait it out

thinkfast · 10/05/2017 17:03

I liked it a lot.

My only suggestion is that you have one nice photo of the garden and one which shows a lot of shade on the lawn from next doors trees. I would remove that one as it made me think you wouldn't be able to enjoy the garden in that shade.

MsMims · 10/05/2017 17:39

No clue on London prices but it looks lovely. Front room is especially nice.

I think it would look better with a small bistro style table and chairs or compact sofa in the conservatory to show it is a liveable space. Looks quite small in the photos and no furniture gives the impression it's not usable. Also would look much more cheery with the borders filled out in the garden with some shrubs. The empty hanging basket and lack of colour makes it seem a bit neglected.

cestlavielife · 10/05/2017 18:14

www.rightmove.co.uk/property-for-sale/property-48089793.html cheaper and a lovelier kitchen diner

Beijingyouth · 10/05/2017 21:48

Lots of reductions in N1, WC1 and EC1, many houses have been on for months...I think it's the start of something bigger Sad

Also I thought London's outskirts are booming?

wowfudge · 10/05/2017 21:56

Is it a shared drive OP? On Streetview you can see two garages at the back, but there is a car parked and the drive is clearly only one car wide.

Uberfluffs · 11/05/2017 06:30

London market is definitely dipping, see this link

Uberfluffs · 11/05/2017 06:32

We're buying in Wandsworth, but our landlord is also selling. We're buying for not much more than the sellers bought it for 2 years ago, with new windows and boiler. The landlords are getting some interest but so far no offers.

Ktown · 11/05/2017 06:33

Friends in n. Hill have had theirs on for 6 months and reduced by 100k.
Still no interest.
I reckon if they benchmark against other flats it is prob a little bit expensive, but nothing outrageous.
It is just 1 example but I am surprised given the good location and that it is

BitOutOfPractice · 11/05/2017 06:40

I'd be put off my lack of work surface in the kitchen. Take everything you can off the counters.

GETTINGLIKEMYMOTHER · 11/05/2017 09:43

Can't see from photos or floorplan whether there's a bath.

If there isn't, this could easily put off families with very little ones, not to mention adults who like a bath now and then even if they mostly shower.
If there is a bath, I'd def. get the EA to put it in photo and floor plan.

senua · 11/05/2017 10:08

The house is lovely but picture No6, the garden, is awful.
Purchasers can look past kitchens, bathrooms, conservatories etc because it's in their control to change them, but they can't do a thing about next door's tree casting shade like that.

Kokusai · 11/05/2017 12:37

@cestlavielife I saw that one too - much better photos by the agent.

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