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Is this house a safe bet?

28 replies

mullingitallover · 06/11/2022 20:17

Thanks to everyone who's responded to my many recent qs about the house we had an offer accepted on.

We're now moving closer to exchange and I'd really appreciate a sense check.

This 3-bed semi is:

-PRC non-standard construction ex-council house - I'm aware of the stigma here and that this would be 'no' for many
-extended (double-storey extension)
-survey found it to be a reasonable investment
-good footprint, but of an odd layout and needs some updating

  • fantastic garden
-we offered asking price but considering negotiating down since learning it's a non-standard build
  • we secured a mortgage offer just before the interest rate hike

Am I missing anything important to check/consider about this purchase? Thanks!

www.rightmove.co.uk/properties/124453214

OP posts:
sevenbyseven · 09/11/2022 09:34

If your lender doesn't object and it doesn't affect the amount you can borrow, AND it's your "forever home" this is probably less of a concern than if you're planning to move again soon.

mullingitallover · 09/11/2022 18:47

@Runnerduck34 the question is how much to reduce the offer by? A mortgage valuation is taking place tomorrow, so a lot will ride on the outcome of that.

@sevenbyseven I love the idea of a forever home but you never know what's around the corner. I feel I need to know we'll be able to sell it one day without a loss.

OP posts:
Girlattheback · 09/11/2022 19:16

I’d be more concerned about living that close to the M1. Is it less than a 150 metres/a mile away? If not you’ll be in the pollution plume.

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