This is quite wordy so thanks if you manage to stick with it. I'm just after some advice on whether this is too rude.
We've seen a house we really like for £150k but it's in a not-so-great area. Nothing awful but just not viewed as a "nice" street particularly due to its proximity to our town centre. I assume that's partly why it's still on the market.
It's a 3 bed mid terrace in a housing estate built in 2001, so all of the other properties in the area are structurally similar. The current owners purchased it for £115k in 2013 and, from what I can figure out on Rightmove listings, they have only put fake grass and decking down in the (average new build postage stamp) garden in the time they've owned it, and done some painting and general decoration.
In January, another mid terrace in the street sold for £145k but had a really nice extension on the back giving a sun room/dining room with velux windows. The garden was also double the size of the one we like. The only other three houses that have sold for £140k have been detached/4 beds/end of terraces with garages.
The only similar houses to this in the past three years have sold for £115-130k. I cannot understand in any way how it's been valued how it has and would only really be prepared to offer £130k and possibly pay £135k. Is a £130 offer too cheeky? I just think a house is worth what you would pay really.
I should add that I know the seller through a friend of a friend and that they have not yet found a property. They have also shared the property every other day on Facebook for a month so I assume they're quite keen, although perhaps not so keen that they have dropped the price. We're first time buyers with no chain so ready to go.