Should I lose money for the sake of my mental health?

[Plaicemarker]

I currently have a property for sale, it's a leasehold flat and I stupidly allowed the lease to go under 80 years so I am looking at around 15 to 20 thousand pounds plus costs for a lease renewal. I don't have that sort of money available and it will cause me a lot of stress to try and borrow it.

I have received a very low offer, about 50 thousand under the original asking price and I wondered if I should just kiss goodbye to the money for the sake of my mental health. I have been suffering huge amounts of anxiety about the flat caused by mentally beating myself up for my idiocy in getting into this situation and worrying about how to get out of it.

The only thing that slightly concerns me is that if I got rid of the flat that my anxiety would just find something else to focus on.

What would you do?

Are you in the position to wait for more offers?

Sort of, it has been on the market for a couple of months and I am aware that it is probably the worse time to sell with Brexit uncertainty and so on.

I just can't seem to stop worrying about it and it has affected my sleep and appetite and general outlook. I have suffered from anxiety before but never to this extent.

If you take the lease renewal costs off the difference in the offer, you are looking at a reduction of around 30 thousand. If it is a firm offer and then remove your anxiety, then I’d take it.
I’ve always been one who thinks money in the bank is worth more than a house sitting for sale for months or even years.

Have you tried a counter offer to see if they will raise their offer?

Although having said that, if you can afford to take a hit on the flat, then I think peace of mind cannot be measured and perhaps it would be a plan to sell and write it off.

OP I have anxiety generally

if you think that selling the flat will simply make you anxious about something else, then you are probably right.

is there urgency to sell? I would look at the sale of the flat rationally - if your anxiety is going to shift to something else, then don't lose money, unless there are major practical implications to delaying the sale of the flat.

Then don't do it now and try to imagine a better offer will come. If it doesn't, at least you tried. Don't rush through things. I know anxiety can do this, I have it too and been struggling for a while and I found myself making quite a few bad decisions because of it

I really appreciate everyone's thoughts and advice, I never imagined that anxiety could have such a profound effect on me, it's really unpleasant. I will think it over for a couple of days before I make a decision.