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Afraid I will not sell my top floor converted flat

10 replies

Justpassingtime1 · 02/02/2021 10:10

The flat is in a detached Edwardian house in good central area bought by professional eg lawyers doctors etc
Whilst there are no obvious leaks and just tiles been replaced currently the people in the houses next door and a departing estate agent down the road informed me they had renewed their roofs (House all built at the same time) Most now have new roofs.
The other lessees will not spend a penny without a big fight and are not very nice people.
What are my rights? I just want to sell and go

OP posts:
lastqueenofscotland · 02/02/2021 12:17

Have you tried actually marketing the property yet?

Signalbox · 02/02/2021 12:21

If you price it right it will definitely sell. I mean you bought it didn't you? If there are no leaks and the roof is sound why would it need to be replaced? Just put your house on the market and see what happens.

MaizeBlouse · 02/02/2021 12:21

Your OP is confusing.. you just did the roof? The neighbours?

Any prospective buyer would get a survey anyway and surely there is some form of sinking fund/freeholders company that would deal with it all anyway?
If there's 4 flats in the building it may not be a totally huge amount per flat e.g £3k or something. Its all about compromise when buying a place.

OnlyFoolsnMothers · 02/02/2021 12:22

Freehold or lease hold/ if the latter they May not get a day on the roof being done or not

ComtesseDeSpair · 02/02/2021 12:42

Does it actually need a new roof? Unless a survey indicates that it does, it shouldn’t pose a problem for selling. Several of my neighbours’ houses have newer roofs than mine, but mine is fine, so why would I replace it? It doesn’t matter what was wrong with the neighbours’.

The apparent lack of a management committee or agreement for setting out how repairs and maintenance are planned and proportionately paid for would potentially be a concern though, it will be picked up during conveyancing and put buyers off due to exactly the difficulty you’re having with others in the block.

sunshinesupermum · 02/02/2021 13:51

Most now have new roofs does not mean yours does. I'd put it on the market if you want to move. A survey may indicate the roof needs repairs/replacement but without that you will never know.

Justpassingtime1 · 03/02/2021 05:26

A new roof would cost c £10,000 each. The last survey was done 6 years ago when downstairs was bought with a mortgage.
Does that help at all? The market was good then of course.

OP posts:
AwkwardPaws27 · 03/02/2021 05:52

A new roof would cost c £10,000 each

In that case, either;

  • anticipate that a buyer may offer £10k less than they otherwise would be willing to pay
  • be aware that buyers may want to negotiate that amount off after a survey
  • price it to reflect work needed and state this upfront as a possible future repair (I'd only do this if you need a quick sale and can't risk a FTB getting spooked and pulling out).

It doesn't sound like there is an active issue so its unlike to prevent buyers getting a mortgage.

I'd also check those costs; we had a full tiled roof replacement on an edwardian semi in outer East London a couple of years ago, it was less than £10k in total, so £10k each may be an overestimate.

Catastrophie · 03/02/2021 08:18

My buyer just had a survey indicating issues with the roof; they asked for some money off, we met in the middle and now the sale is going normally. I wouldn’t think this would make it unsellable at all. You just might need to knock a few £ks off.

FinallyHere · 03/02/2021 08:32

Have you spoken to any estate agents or made any other arrangements to market your flat? It might help you to do so, so you have some experience to off set any catastrophising thoughts.

Good luck

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