Tell me why this hasn’t sold?

[Bouncebacker]

Hi all,

This is a relatives house. It needs to be sold as owners are divorcing and so far, it’s not. I have given my opinion on how the listing (and the house) could be changed but independent verification is needed. I’d like to know if you think what I think! Please let me know your thoughts. (Obviously dramatically reducing the price would help, but suggestions of price strategies would be good too). It really is a great house in a lovely village and will make a great home for the right people....

www.rightmove.co.uk/property-for-sale/property-61442808.html

There is a similar gorgeous sandstone property, detached, double garage, same area on the market for £550k and that hasn't sold since May either. It must be hugely over priced.

There are a lot of 3 beds, golden sandstone - though not all detached, for hundreds of thousands of pounds cheaper than that in the Chipping Norton area. It's usually about price when a property has nothing wrong with it. (And that house is stunning!)

Ah I missed the downstairs bedroom thing. So it's really only a 2 bed, unless that's a normal price for a 2 bed in the area, there's your problem. Even if it is, advertising it as three bedrooms will mean you're getting the wrong viewers.

If I missed the bedroom arrangement in the particulars, so will others, which means the house they're viewing is not at all what they were expecting/wanted.

What is the feedback?

Might it be better to market the study as a dressing room, if it leads off a bedroom? Is that what it was originally intended to be?

It's effectively a 2 bed house for nearly 800K! Have a look at what else that kind of money can buy in that area. I just have and your relatives house is overpriced.

It's a lot of money, I don't know the area so can't comment on it's pricing. But for that money I wouldn't want a downstairs third bedroom (not family friendly) and a small kitchen. I also think it's quite dated sorry.

It's nice enough but it's not very appealing from the listing. I'd wonder why the showed so few rooms, why the kitchen looked so dark on a sunny day and if it was feasible to create direct access to the study and close up the door to the third bedroom. And while some people like a downstairs bedroom of elderly visitors for others they don't want one so they can avoid elderly visitors. It doesn't strike me as special for that amount of money.

Similar or bigger houses are on around £500,000

What makes this one £300K more?

It’s on for far too much money!! I don’t think the owners have done enough to warrant their house being worth double what they paid for it, nor has the market shot up enough for it to be worth £200k more than the 4 bed that sold in 2017 on the same road.

The pokey kitchen needs updating and because there’s no photos of the bathrooms I’d guess they’d need updating too. The master needs an overhaul as well.

I know Kingham’s a lovely village but I don’t think it has that much of a premium!!

I'm just in shock at the price!! Where I live you could get a 7 plus bedroom mansion with acres of land in a nice village for that price!

Curtains/paint colours seem very dated

Priced too high

Can’t really count that downstairs room as a bedroom

Plus the issue of it showing as not on the market would obviously put people off, no one’s going to try to buy a house that doesn’t look like it’s for sale! But I see that’s being dealt with already.

Otherwise it’s gorgeous

I was gonna say overpriced (even though it's a very nice house in every way!) But Oxfordshire IS expensive, so it doesn't seem too bad really.

I think though, that dropping the price is the only answer sorry @Bouncebacker

A 4 bed sold in March 2017 for £585k and I would say the market hadn't moved much since then, may even have decreased so very overpriced. Also I would argue that is a 2 bed as the third bedroom is more of a corridor and the study looks an awkward shape to be a bedroom.

Just a had a look and in my area (Area of the Cotswolds very popular with celebrities and royalty so not cheap!) that price would get you at least 4/5 bedrooms with much bigger gardens. Also a really strange 9 bed smallholding type property with 5 acres of land

Agree that the fact it says "no longer on the market" is your problem!

Apart from that, it's very twee, very country cottagey which isn't to everyone's taste. Chippy is a lovely part of the Cotswolds and the station at Kingham makes it more attractive too. But the kitchen would need totally replaced, the fitted wardrobes and beams in the main bedroom are very dated, and there just aren't enough pictures. Only one of a bedroom. No bathroom pics. Makes me wonder what horrors you're hiding!

It's a beautiful house but I agree the downstairs bedroom is a bit of an issue. I'd consider carefully how you market it (2 bed/3 bed) to make sure you're getting the right audience.

The "no longer on the market" is obviously a total showstopper.

It's hugely over priced. A 4/5 bed sold on the same estate in 2017 for 585! That's a 2/3 bed with a tiny garden that will be competing with all the new builds going in the 500's. Savills are awful and have a reputation locally for over pricing and being underhanded. Lots of people, including me, would avoid that house simply because of the agent. It's absurd they valued that house so high. It should be on at £625.

It's a massively overpriced two bedroom house, that's why.

Nobody would want a 2 bed with too many receptions, probably the opposite, unless particularly wealthy who then would buy something a lot better.

Even in our wider area double fronted properties are very hard to sell and prices say "reduced". In fact if you look at their history in zoopla which offers more details you could see the same house had been put in January for sale by almost 100,000 more so the reduction was considerable. And it was a proper, purpose build, Victoria, 4 bedroom house.

It seems that people are not willing to spend more money anymore and the market has stagnated. I hope I am right as it is really unaffordable for most people. We have witnessed siblings buying together a 330,000 house as they couldn't individually, both have families and they could still barely afford it even together!

Not much that can be done about it, but I would hate the layout of that house. Third bedroom makes no sense.

Lovely house so it must be price. Also I think there's no sink in the kitchen - only in the 'utility' which would be very offputting for many. Unless I have misread the plans.

There is a similar house for sale in our area which has been on the market for a while. Slightly more expensive area (home counties, commutable to London). It's better organised with a bigger garden and more up to date fittings but has not sold yet at nearly £50k less. I wonder if people get nervous about any quirkiness of layout in a difficult market www.rightmove.co.uk/property-for-sale/property-80151932.html

As well as being hugely overpriced, it’s also very dated.

Expensive. Small. Awkward Layout.

Beautiful situation though.

No pics of 2 of the bedrooms & bathrooms which would make me think they were dated & in need of re-doing. Also no descriptions of the rooms other than the floorplan.
Downstairs bedrooms always put me off as well. The fact that you walk through the third bedroom to the study is a bit odd as well.
Put away the guitar & music stand in the bedroom as well! People want to see themselves living there - not how you do at present.

Imho it's overpriced. Massively.