Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Is this house overpriced?

54 replies

jwilf · 15/05/2021 12:37

So we've looked at 2 houses in the same street, just a few doors from each other. One is a terrace and has been fully renovated with the kitchen knocked through to the dining room, and a loft conversion. The other is essentially the same design but it's a semi and has a bigger garden. But it needs total renovation. Both are on for £860k.

Terrace - www.rightmove.co.uk/properties/100978412#/

Semi - www.rightmove.co.uk/properties/80004825#/

So, is the semi overpriced considering the other one is fully done up? Or does the fact that it's a semi really make that much difference to the price?

One other factor is the railway line behind the street. There is a station and the trains stop right there at the end of the garden of the terraced house. There's a high trellis at the end but it still feels a bit overlooked by the trains and the platform. From the garden of the semi, you can still hear the trains but it's not directly in the line of sight from the platform. The trains are only every half an hour.

OP posts:
whattodo2019 · 17/05/2021 17:37

If you have the extra funds the semi could be seriously updated to be quite nice. But it's going to need a lot of money spent on it

SingInTheShower · 17/05/2021 19:53

860k shock. I always wonder, if Londoner's realise how much more they would get for their money if the moved away from London? Those 2 houses where I live, would be under £200k. And I'm in a gorgeous town near Edinburgh, will full access to any amenities you could possibly ask for

Really? A gorgeous town near Edinburgh and those houses would be under £200k? Where?!

The terrace is not totally dissimilar to my house. I'm in a very ordinary town near Edinburgh (albeit a nice part of the town) and my house has just been valued at £600k...

AntonioSWL · 03/07/2021 12:45

Trends come and go. Battleship grey remains the trend. 2022 may be crushed flamingo !
It is a huge purchase and ultimately, your decision. The post is old now.
I was interested to see the comments regarding refurbs, ground & loft conversions. £100k is very ambitious. 'doer-uppers' are not shifting as quickly as they did because building costs are up. In part, lock down.

Demand always pushes prices up. I would always be weary of backing onto a train line, a river [ filled or dried up ] & living opposite a school.
Crime rates were once a dominating factor, not sure if it is still relevant these days - a stabbing can take place in Esher as quickly as it does in Streatham.

maybeshesawomble · 03/07/2021 14:24

@Bluedeblue

£860k Shock

I always wonder, if Londoner's realise how much more they would get for their money if the moved away from London?

Those 2 houses where I live, would be under £200k. And I'm in a gorgeous town near Edinburgh, will full access to any amenities you could possibly ask for.

Well yes of course we know the premium we pay for property, but lots of us are born and bred, have families and our community here. It’s so frustrating when people just think we should all uproot and move miles from our lives for extra square footage!
New posts on this thread. Refresh page