Rightmove: House advice

[sqauresquiggle]

Hello,

Can I have bit of advice on this property please?

www.rightmove.co.uk/property-for-sale/property-75902642.html

Anything I should consider when looking round it and how comes it has changed EA twice? Also has gone down from 285k to 270k back to 285k now 257k

Lose the 'offers in excess of' prefix, many buyers find it confusing/off putting.

Is there anything to justify the jump in price from the beginning of last year?

Not what you're going to want to hear, but rather than it being the EA who is the problem, I suspect the price is simply too ambitious.

Is there a typo on your OP? The listing states OIEO £275k.

I'd say they really want to sell and have a minimum figure in mind. Ask the EA those same questions and see what they respond with.

It was probably over priced and thus hasn't solved - can you check sold prices for similar in the area?

I would wonder about the car parking/garage area next to it - is this a problem area?

The bedrooms seem quite small for doubles.

wowfudge yes there is a typo, meant 275k! Got numbers wrong way round

Yeah SoupDragon we noticed their neighbours house went for 257k this year so does seem over priced maybe?

Mildura shall I ask the EA what they mean by the OIEO then?

They only bought it in January 2017 so I'm guessing they don't want to lost money. I wonder if the previous purchase a year earlier was by someone who tried to update and flip it? They didn't make any money if it was an actual sale in Jan 17. The decor has been toned down since then.

I think @Mildura has assumed you're selling the house rather than you're interested in buying it. I don't like the location by the garages OP and I think the sellers haven't accepted it's overpriced.

My concerns would be the area to the side. Is that a shared access for everyone? Will you forever have people driving up and down or kids kicking a ball against the wall of the house?
Also how sturdy is the conservatory given that it seems to make up a bulk of the downstairs living space.

wowfudge yeah that is what we noticed on rightmove. Seems odd that previous owner barely had it and then this owner only been there for a short while too? Makes me feel like something is wrong with the house? haunted maybe

www.rightmove.co.uk/house-prices/detailMatching.html?prop=69943739&sale=55814756&country=england

Does that link work? That is two houses down from the propery and it sold for £257k a few months ago and seems in same sort of state? Surely £275 is overpriced?

Hmm, I think it might be very cold; the conservatory has probably been used as a 'cheap' way to build an extension but it's unlikely to meet the building regulations regarding thermal insulation etc.

Praps that makes it feel haunted!

I’d say that second link is nicer.
Much nicer kitchen and without that shared space to the side.

was referring to the first one btz. second one also has a lot of glazing in the extension, so risk of condensation etc, but looks like it might at least have proper floor and walls.

btw!

The roof on the conservatory looks like the kind I fitted to our lean to a couple of years ago. I wouldn’t want it for everyday use.

You might have kids kicking footballs against that end wall as it seems to be a public area ... that's horrible and there will be nothing you can do about it. Also might be noisy with access to garages. I always 'stake out' houses I'm interested in, park up and observe in the evening/weekend etc to see what goes on around there. Can't comment on price, it seems high to me but I'm in Scotland.

The side lane would put me off. At best, you'll have people driving past to the garages. At worst, you'll have kids banging a football against your gable wall or teens hanging around.
The house seems a bit unloved but you could address that as you get time and funds.
It's the side access that puts me off.

Hugely overpriced compared to the (much nicer) property that sold for 257

The shared area at the side of the house would put me off

Thank you all, I might go have a stake out as ginghamstarfish suggested then if I do have a look round I'll ask about the price and NDN's price etc

I’d be very concerned about the conservatory. It doesn’t look like it complies with building regs on insulation. The roof is sheet plastic! If buildung regs haven’t been met, the doors between the kitchen and conservatory should not have been removed. It will be inpossible to heat and you may run into issues during the survey.

they only paid £245,000 for it last year. was listing in 2016 and photos look similar so they've not done any work and one down the road sold for £257,000 - so would suggest its over priced

It sold in 2016 & 2017 for 245k. It isn't worth a penny more, unless you live in one of the areas where prices have increased? The fact that the previous owners decided to sell within a very short period of time after buying is a huge red flag to me. Once within a short space of time, you could say was a divorce situation, but twice & I question why? Have you asked the EA why the previous 2 owners bought & then relisted after only a few months? Its something that they are discovering after moving in that makes them want to cut their losses & move on. Personally, I'd run a mile!

Dodgy as. According to rightmove it was listed in March 2017, so 2 months after moving in it was put back on the market?? And that is coming after a very quick previous sale too.

Also as mentioned the conservatory is open into the kitchen. This does not meet building regulations, will cost a fortune to heat and will likely end up with condensation/mold issues.

There isn't necessarily anything dodgy about it - people's personal circumstances change and it be down to something unfortunate that they are looking to sell so soon.

Not necessarily but you'd have to be very sure to take the risk. (The open conservatory would be enough to put me off anyway).