3 months on the market

[WhatNoReally]

I've viewed a v expensive house that's been on the market 3 months. If it was an averagely priced house I'd think we could put in a low offer because of the time on the market, but as it's expensive I'm imagining there are fewer buyers so everything goes slower. Does anyone have any experience of this? It's over £2 million and ideally I'd like to pay 10% less than asking, but don't want to take the piss.

You can put in an offer 10% under, I don’t think that would be taking the piss.

I’m interested to know as well, as am in a similar situation. I want to go in low but how low is the question!

Put it this way - we recently sold my Dad's flat in central London and it was on at 1.295M. We were not offended to get offers over 1.150 though we originally thought we wouldn't sell for less than 1.2M.
In the end we sold for 1.175 after it had been on for several months and lots of viewings (and a previous offer at 1.2 fell through).

A good 2 million house in London would go within a couple of weeks.

If it’s a country property, they take longer to sell generally.

If something doesn’t sell either it’s either overpriced or there are issues with it.

I don’t know which area you are, but 1.8 on a 2 million property is a perfectly good offer.

10% below asking wouldn’t be considered taking the piss. The owners can reject the offer if they want. Have you worked out the price per square metre for the area and compared it to this house to see if it’s more/less expensive. In my experience houses at the 2 m mark can go as quickly as much less expensive ones - it just depends on the market and demand and how unique it is!

Thanks everyone, didn't manage to get back on mumsnet until now.

Good that most think it's not cheeky.

It's in a nice area on the far outskirts of a Northern city.

The location is amazing but the layout is a little weird and they've done that thing of squeezing tiny ensuites into every bedroom where 1 ensuite and a big family bathroom would have worked better. I reckon we'd need to spend at least 100k sorting all this out so want to account for this.

That’s obviously why it’s not selling.

Have you checked £ per sq foot with other properties?

I’d love to see it if you would be prepared to link it.

I'd second that OP😀

I don't feel comfortable linking to the property but I've attached the floorplan.

Interestingly I've just had an estate agent out to value our house and showed him the listing for this house and asked him what he thought it was worth.... £1.5 million apparently. He said the agency its on with is notorious for over pricing to get the work.

We're going to have a second viewing and a think.

Offer 1.5 then.

There’s no point dicking around with the bathrooms.

The 2 bedrooms on the right and the 2 bedrooms on the right need en suite bathrooms because there’s nowhere else for them to go due to the 2 sets of stairs. The door on the left side goes straight into the master suite.

It’s actually a horrible layout, sorry. Even downstairs doesn’t seem that great?

Yes it’s a weird layout.

If I were going to spend 100k I’d knock down the wall the gym and the games room to make one large reception and make the cellar into a library/cinema room.

Is that a valid comment ?

It doesn't address the OP

It adds no value as it's not you who wants to buy the house and shock horror alert different people like different things

OP comments that the first floor layout is weird which it is.

That's a terrible layout for £2m !! There has to be better out there.

I think the link between the left (old part of the house) and right (extension) isn't quite right.

There's a lot we could do to change it, and we can afford it. For example, I'd extend the kitchen, doors out to garden at the North, change the 2 beds on the right to one big master suite.

Yes that would be great, and get rid of the wall between kitchen and family area. You could do a double height extension for an extra large master with a roof terrace.

Yes, we'd like a roof terrace. The views out that way are amazing. No idea why they didn't open that side of the house to the views but maybe they haven't watched as much Grand Designs as me 😃
I'd also move the utility room into the basement, shift the stairs to the new master to the West to make a decent entrance space.

There's already an opening between the family room and 'living room' (not shown on plans) which could be made into a dining room for large gatherings.

To an extent I'd prefer to do this work than buy it done to someone else's specification.

Nothing stopping you putting in a bid. Any idea what the land over the back is? Looks like some sort of marshland split into four segments.

How did you find it?

By reading this thread and using rightmove.

Price range
Number of bedrooms shown on the floorplan
Close proximity to a northern city
Number of months since being put up for sale

Sherlock Holmes need not apply

But so many northern cities… and too many other things to do…

Now reduced to £1.925m

Interesting, drop of £75k. Wonder if the OP will now go for it and try to make it happen for £1.8. Good luck OP if you do!