Hi, quick question, saw a property I really liked
Property on the market for £250k, says ‘offers over’ but looked at the estate agents and they list all their properties with ‘offers over’
Property last sold in sept 2019 for £215k
They have done nothing significant to the property since then
The property is in Surrey
Close to railway station but equally whilst only a one bedroom garden flat it does have a studio in the garden (therefore would appeal to those now only having to go into the office a couple of days a week/fully working from home)
Zoopla says that prices over the last 5 years have dipped by 0.5% but there was a 7% rise in the last year (attributed to stamp duty)
The £215k to £250k represents a 16% increase.
I could afford to pay £250k but feel like I should start with a lower offer and then have somewhere to go, equally I think a 16% increase is bullish for no work done but equally can see the appeal with having a studio on the garden
Anyway appreciate any thoughts on what I should give as an initial offer