What's wrong with my friends house?

[Moonflower12]

https://www.rightmove.co.uk/properties/134607254?utmcampaign=property-details&utmmcontent=buying&utmmedium=sharing&utmmsource=copytoclipboard#/&channel=RES_BUY

This is a friend's property. She has dropped the price but still not getting any interest. She has tracked the interest in the property using the Rightmove tracker.

The most interest has been when it's been on a Facebook period property page.

She had 4 EAs value the property and took the lowest valuation.

Is the Estate Agent being crap or is there another reason?

Lovely house.

Is it priced right for the area??

If it is it may just be a crap market, she should talk to the EA and perhaps try another one, but she may just have to sit tight.

This.
It's cheap nationally but expensive for the city. Nobody who wants to be staying in Wolverhampton wants to pay that much.

Big beautiful family home but looks at the school situation. Allot of requires improvement. Will put many people off

It looks like 2 of the closest state secondaries have poor Ofsted ratings. That might well put off families (who would be the obvious market for a big house like this). It's a fabulous house though!

It's beautiful but the market is terrible right now. We could have stretched to a house of that price a few years ago but now interest rates have gone up so massively along with utilities etc we wouldn't take the risk.

I love it...but it looks enormous compared to the houses next door

This is clearly an advert no?

The house is beautiful, although the colour of the window frames and trims is wrong. The street is perfectly ok but it doesn't go with the house - someone aspiring to the size and elegance of the house might be looking for a tree lined street full of similar houses.

Thank you everyone for your very fast feedback!
@YallaYallaaa
Not a stealth advert -she is honestly wondering why there is so little interest.

@Dibblydoodahdah
She has done/had lots done to it. The roof has been sorted. The cellar has been sorted-it had damp issues. It has a new boiler and heating has been sorted out. New radiators etc. The electrics have been replaced and renewed. The windows and doors have been renovated and renewed. There have been lots of other structural improvements too.

@AllBlackEverything It was the original house in the street and then the others have been added since.

@TenOhSeven @BasiliskStare
There are actually 3 loos. The main bathroom, an en suite and a downstairs loo. I'll point out to her the problem with the listing.
@Whosaywhatnow
Thank you. I'll feed that back to her.

@Soveryunwell It is actually quite warm due to the new heating and good insulation.

For the same price, you can get this. I know nothing about Wolverhampton, but I'm guessing this is in a much more desirable street as it's greener and doesn't have unkempt buildings on the same street or flats with a number painted on the wall a few houses down.

The house isn't as grand looking, but you can't change the location of your friends house.

https://www.rightmove.co.uk/properties/127622948#/?channel=RES_BUY

It's a beautiful house and would be perfect at the end of a tree lined drive . The front is a bit stark of greenery for me but I guess that's because it's on a road .
That house would be a couple of million in my road .

It seems expensive compared to its price 5 years ago.
Expensive compared to nearest similar sized house sold in the last year (7 bedroom for £512k).
All other houses nearby seem much cheaper, so presumably not a particularly desirable area.
What PPs said re schools.
What PPs said re people not up sizing as much in current market.

It’s Wolverhampton. - enough said 😂😂

It’s the area and price, it’s right next to Whitmore Reans, which is an absolutely awful area.

Location, location, location.

It’s a nice house. The outside is stunning (garden and building). For me, what I’m seeing on the inside isn’t matching up with how it looks from the outside. The inside looks a bit ordinary and dated. To change it would probably cost a fortune and winter fuel bills will be large. So that could be what is putting people off.

Thank you. This is good feedback. I'll let her know.

It is a lovely house, but the street is not particularly attractive. I would have wanted a couple more ensuites for that money. Perhaps the little bedroom on the first floor could be another bathroom. Also lack of bathroom on second floor is off putting .

Posted too soon, I don’t think the street looks bad or that the immediate area is bad, it’s close to Wolverhampton Girls (grammar school) which is a huge bonus, but it’s a lot of money for the area and street and is close to a very very rough part of town. For that price you could get a very nice house in a better part of town and street.

It's very near the centre and people who want to live in city centres tend to be young professionals who haven't yet started families. They might fancy a place like that which had been converted into flats.

If they want a (very) large family home that was a period property, they'd probably go for somewhere like Tettenhall which is on the leafy outskirts of Wolverhampton, and with easy access to the countryside.

The centre of Wolverhampton has also been badly affected by the recession, so some of the shops and stores, which might once have been an attraction will have closed.

It's an unusual property for the location and while it might be just want some buyers want, I think it's not an easy sell.

I think it’s the area, it’s priced for the centre of Tettenhall when in reality it’s much more Whitmore Reans.

Is it the best house in a worse area? I couldn’t find it on the street view link - what I did see didn’t look very desirable and didn’t match where I’d expect the house to be (house is lovely).

It's got to be the market. It's basically my perfect house

It's a beautiful house but houseprice.io says it's worth 530K - not 600K. Have they done anything (other than decorating) to justify the above inflation increase? Also, people are now wary of the utility bills for a mansion like that. It's a very limited market.

Nice house but I personally hate those coloured walls and would paint all neutral if selling.