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Original poster

Should I sell this or take it on? Inherited house. link included.

53 replies

usernamenotaccepted · 18/02/2023 20:14

I have inherited it, probate is granted so I put it on the market; it has lots of interest and went under offer straight away but the buyers lost their buyer and after giving them 3 weeks and they still hadn't got another buyer for theirs, it's gone back on the market. 10 viewings have been booked in since it went back on the market on Thursday late afternoon.
I have my own home which is ok, and I've done quite alot to make it mine but there is a bit of me that knows it really needs a small extension so that I can make it more right than it is now.
So the other option would be to just sell my house and move into the house my DF has left me. But it needs alot of updating and would be more expensive to run than my current house. Also - I'm 63 and pretty much every house I've lived in has needed quite alot of work so I'm also a bit unsure as to whether I want that again. However, here is the link: House
I think it needs about £100,000 when you factor in how much things cost nowadays and that wouldn't include things like the drive, repairs to the garage, replacing the roof over the dormer extension windows etc.

Any thoughts would be very welcome. TY

OP posts:
HirplesWithHaggis · 18/02/2023 20:19

You've linked a page with more than one property.

Chocbuttonsandredwine · 18/02/2023 20:19

I guess it depends on where you live now, and whether this is/could be nicer? Do you have mortgage on exsisting property? Are you financially secure? If you sold this and used £100k to do yours up, what would you do with existing cash?

Would you like to live here? That’s the bottom line

Silverjellybean71 · 18/02/2023 20:20

Which house is it? I’m getting lots coming up? Would it be possible to have all the work done while remaining in your current home? Could your DF’s home be lived in as a bungalow if required in the future? Is it an area you’d be happy living in? Only you know the answers. The other thing to consider is it’s not recommended to make big decisions - like moving house - within 12 months of being bereaved

Unexpecteddrivinginstructor · 18/02/2023 20:24

Alternatively could you eventually sell both properties and buy a different one which ticks all the boxes?

Original poster
usernamenotaccepted · 18/02/2023 20:24

oh crap. hang on i'll try again.

OP posts:
Original poster
usernamenotaccepted · 18/02/2023 20:26

this one hopefully!

OP posts:
SiobhanSharpe · 18/02/2023 20:31

I thought it was the one at the top of the page..... it looks empty and possibly belonged to an older person.

It's a nice house and Whitstable is also a busy, interesting town, lots of tourists in season and at weekends, would you like to live there?
it's perfectly liveable at the moment, you could update it bit by bit, perhaps starting with the kitchen? And then the artex ceiling....
But as to the location, really no-one can decide for you.

MargaritaRita · 18/02/2023 20:36

As a pp asked, do you WANT to live in that area? If you do, and (no offence intended), given your stage in life a bungalow by the sea would be a fantastic opportunity to future proof your accommodation for when you get older. I'd like that bungalow and I am of a similar age to you, but there is nothing available around me. Anyway I am happy where I am and have no intention of moving any time soon.

If you can pay off your mortgage in your current house (maybe it is paid off), and have a surplus left, then the updating of the bungalow might not involve much if any, borrowings.

It is a great opportunity (notwithstanding the loss of your father), to either upgrade your current house or upgrade the bungalow. However since you have had it on the market already maybe you do not feel you want to live there.

Mamette · 18/02/2023 20:41

I would sell it- unless you really have the appetite for another renovation then just sell it and invest the proceeds as you see fit.

Aquamarine1029 · 18/02/2023 20:41

Sell both of your properties and buy something you love.

TheHillsAreAliveWithTheSoundOfEtc · 18/02/2023 20:43

It's going to take some money, time and work to get that up to scratch.

Do you want to spend that much money, time and hassle to live in a house that you didn't choose?

And that's without the consideration that you would probably want to add more bedrooms upstairs.

You sound happy where you are.
Sell the bungalow and build an extension on your existing house.

IbizaToTheNorfolkBroads · 18/02/2023 20:59

Could you let it as a holiday home?

Original poster
usernamenotaccepted · 18/02/2023 20:59

Yes @TheHillsAreAliveWithTheSoundOfEtc these are the questions that go around my head.

I don't want to live in that town especially, I used to live there some years ago. I like the town I live in now.

My DF died there also. Something that I'm not sure I could settle in my mind if I lived there.
On the other hand it has lovely spacious rooms and it's well built and the close is very quiet with good neighbours.
Honestly though, someone upthread said something about bereavement and that rings true, as well.

OP posts:
Thepossibility · 18/02/2023 21:10

I would sell both and get something I absolutely love.

Chocbuttonsandredwine · 18/02/2023 21:10

Sounds like selling it might be the best bet.

if you are wanting it done and sorted maybe lower the price a little to get a quick sale? Then you can throw money at yours to make it exactly how you want it.

sorry for your loss btw x

magnifying · 18/02/2023 21:12

It looks to be a lovely, solid house and I think you could do some inexpensive light cosmetic updates and rent it out for a year. If you put in some new carpet and painted
the kitchen cupboards, it looks as though that would be ok for now.

That would give you some breathing space while you process the loss of your dad. I think it's wise to not make any decisions now that you might regret later.

Blondeshavemorefun · 18/02/2023 21:27

I didn't think it looked as if needed lots of immediate work

As you get older a bungalow could be handy

Nice big rooms - good size garden

But if aren't keen on the area - plus df died there - tho people die in homes all the time - then nk don't move there

Sell it

Sell yours if thinking about it

Buy something else

JussathoB · 18/02/2023 21:33

If it’s not in the town you want to live in, sell it. The past is the past. Then look around st what’s available in the location you want.

Rodneyisaplonker · 18/02/2023 21:42

I don’t really see it needs 100 k of work to be Honest and struggling to see where you’d spend that much.

also I mean this politely but at 63 how much space do you need? I say that as a 54 year old . At your age your kids have usually grown and flown the nest?

if you don’t want to live in that location, or where your own home is, sell both and buy somewhere else,

Northernlurker · 18/02/2023 21:46

I think if you wanted to live there you would have done that immediately. You sound like you're trying to talk yourself in to it. That house plus your own will give you a decent budget. Buy something you love.

LIZS · 18/02/2023 21:52

Definitely not £100 unless you rebuild the back and extend. Most looks cosmetic. Price is right for area. Do you want to live there? The shops are a good walk away. It is fairly near the Thanet Way and there are plans afoot to add new builds all around.

Augend23 · 18/02/2023 21:56

You don't sound like you want to live there. Especially if you already have local friends, stay where you are and either use the money for an extension or an alternative house where you already live.

MissHoollie · 18/02/2023 21:59

Sell both and buy something you love without needing any work

spidereggs · 18/02/2023 22:01

Agree with others, this is your time. Sell both, buy what YOU want. No compromise

madeyemoody · 18/02/2023 22:03

Property is so precious I would never sell it.

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