Would you buy this?

[lookingatsomemarrows]

Viewing this in the next few days, any glaring issues? www.rightmove.co.uk/property-for-sale/property-72713261.html

Why is it stated cash buyer only?

Non standard construction, it'll be a bugger to sell on.

@Japonicaisstillahorsygirl presumably they want a quick sale with no complications

I was wondering if there was a reason why it would be difficult to get a mortgage on it

Copied from an old MN post:
Unity is one of a number of construction types that were designated defective under the housing acts 1984. This means you cannot get a mortgage on them unless they have had a 'licenced' repair. Even then most lenders wont touch them. The problem relates to hidden corrosion of the reinforcement that eventually leads to instability. This is why they are cheap. Other problems include poor insulation and condensation issues. If the neighbouring atrached houses have not been repaired then the lenders will still refuse a mortgage. Impossible unless you are a cash buyer that is prepared to accept potential costly repiar liabilities during long term ownership! Avoid.

Ask about the cash buyers thing before you view.

It won't be because they want a quick sale, because stating this will massively reduce their potential market.

There will be something odd about it. That's not necessarily a bad thing, and you might even get a bargain if it rules out some buyers but not you. But do check.

I will definitely call the agent out on that when I view , it's extremely cheap so I knew there was a red flag somewhere !

So annoying that there's issues with it , bah.

I wouldn't touch it. My best friend's parents owned one of these. They could not sell it and ended up seiing it for a pittance.

Thanks all, I knew it was too good to be true. Sigh.

It won’t be mortgageable.
If you have the cash it’s worth a look
Great village.

I have the cash , but PP have made me ultra worried

Given what others have said and the fact that it's been covered with brick effect render, I would be very wary.

As PP have said, it won't be mortgageable so would be a nightmare to sell on. Definitely wouldn't touch it!

Will still have a look at it tomorrow , but feeling so irritated that it's another no basically. Very frustrating.

Except houses of the same construction have sold steadily over the years on the street.

The insurance will cost a fortune too

It sounds like it is only realistically worth the price of the land. Maybe someone could demolish and rebuild if they got it for £100 -150k less.

These are all things to ask about OP.

I live in a non standard construction (wimpy no fines) and it's never come up in terms of mortgage. Sold it very easily too 🤔 I wouldn't dismiss it out of hand because of that.

Made of concrete blocks held together with metal screws which rust. Looks like this may have been addressed but the neighbouring property is still as originally constructed so this property is unmortgagable

Echo PP.

Plus the based on the floor plan I can't see how you can get a bed in the third bedroom as it stands. Or if you can squeeze one in, I bet there is no room left to actually move in the room, it might depend on what those two large cupboards are if the room could every be used as a bedroom.

I wouldn’t touch it, they were built to be temporary housing so have problems as the construction is none standard.

Non standard construction.
Step away now.

Anything which is cash buyers only is either

1. non mortgageble
2. a total money pit
3. has tenants in situ which would be a nightmare to move out.

If you have the cash and like it and plan to stay put I’d chance my arm with a ludicrous offer. It’ll be a nightmare to sell