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?

You know, the more you post @Moonflower12 the more I think it's your house... Is it? Be honest. We won't judge. You just seem verrrry overinvested in promoting/championing your 'friend's' house, and asking numerous questions.

Having looked again. It would need a new kitchen and new bathrooms.
The frontage isn't great. I'd want gates and I'd have put hedging in. Having looked at street view the rest of the street is quite shabby in comparison.

@FadeAwayAndRadiate

Honestly it's not my house. I wish it was! I live in rural Warwickshire.

She's been my friend for a long time and that's why I'm invested.

it is overall lovely but some.of the colours are a bit much... i dont think everything has to be egyptian cotton but the purple is intense...
and strong colours like that can be polarising

I've had the same impression from the start.
You also seem to be ignoring the comments about it being v over priced for the street and area. That is the main problem here not a slightly dated kitchen or whatever.

And look how long that one's been on the market for!

We're not from that part of England originally, but owned a (large, four bed, detached Arts & Crafts) house in Tettenhall for a few years. When we purchased it the property had been on the market for over a year with several significant price drops. I watched the market there for a long time and larger, higher priced properties - especially those in high council tax bands (ours was G) - did seem to take ages to shift.

We only kept ours for three years as we didn't settle in the area - and therefore didn't complete all the restoration work it required - but when we sold we actually had to take a hit on the price as despite being a supposedly desirable location, people just didn't want it.

We found that in order to achieve a sale without staying on the market for a year or more we had to price extremely realistically. If your friend doesn't need a quick sale, I guess they can just sit it out and wait for the market to improve.

I appreciate your friend's house is in better nick than ours was, plus prices have risen since we accepted an offer in late 2017, but I doubt it has increased in value that much though.

It's a beautiful house. Nothing wrong with it at all. But it's tricky because having looked on street view, the street doesn't look that great. It's easily the nicest, biggest house on the street as far as I can see. People looking at a house like that probably want to live on a nicer street too. Not sure what you can do about that!

I'd also suggest making the front garden more green and friendly. But otherwise it's all going to be in the price. Or hoping that someone comes along who loves the house and isn't bothered about the street.

If the rest of the street looked more like the house then it would be worth a lot more I suspect.

I'm glad other people think so too. They are bad enough on a modern house but on a period property they really are gruesome.

Yeah same here. I think it's the OP's house ...but she says NO ... and she actually lives in RURAL Warwickshire. Made sure we know it's VERY RURAL where she allegedly lives

And yeah she is totally ignoring peoples suggestions of why it's not selling.

Why IS that @Moonflower12 ??? Are you not accepting or believing it's £125K overpriced and in a rough area. Whitmore Reans is proper rough. One of the worst places in the UK to live. And it's 10 minutes walk away from your your friend's house.

This too ^

Our Tettenhall house (detached, period, 4 beds, 2000 sq ft) was in Band G....

@FadeAwayAndRadiate
@rainingsnoring

Honestly it's not mine. I've had my user name a long time -do an advanced search on me. I've mentioned in lots of posts, going back years that I live in Warwickshire.

The reasons I've not answered questions on pricing /area is that as I explained earlier I don't live there/don't know the area.

It was just a post to to try and help my friend.

I LOVE everything about that house, I could move in tomorrow and be so happy there...big sigh...

its a ceiling price house on cheaper street, so people buying won’t gain anything on it for work. It’s probably now priced over , at that price, from what they could get.
if you just read those details you’d get a real shock when you drove into road - with a road backed up with parallel parking and quite modest housing.

thekitchen would need redoing - it’s described as kitchen diner- it isn’t, there’s very few worktops and cupboards and a small island where 2 people can pitch- not an issue if 1. Redescribe as just kitchen. 2. Price it expecting people to need to refit kitchen . Ifitsnotand that just what photos look like - get them to redo.

the lack of kitchen dining entertaining space will put some young families off

But it’s is a lovely house, good sound flow, nicely done, and a cheap price compared with rest of country- but I think still overpriced for that road

its the old adage, better to buy the cheap property in expensive street, than the most expensive in cheap street

Sorry, posted too soon -

Band G, yet smaller and worth considerably less than @Moonflower12's friend's house.

i cant decide if i love it or hate it .

Fair enough. I wasn't meaning it in a bad way but agree with the other poster that it's pretty unusual to be so interested in a friend's house sale.
My honest opinion, if you want to help, is to tell her that it is likely above the ceiling price for that street and quite a bit over priced imo obviously! I guess it depends how much she needs to move.

it's beautiful! and I love the way she has decorated it. the garden is lovely too. am absolute steal at that price

I’ve heard Wolverhampton is rough- I’ve no idea, never been there. Lovely house, but no idea what’s close by, job prospects, etc.

The issue is that “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” don’t add value to a house. People expect that those things are in place when they buy a house. I can well imagine that she’s therefore spent loads on it and hence her need to get return on that investment, but she wont
To do that amount of structural work on house you either have to buy very cheaply ( and what she paid in 2018 was already over price of all other houses in street and imho overpriced ), or be a builder with contacts to do work all yourself. If you buy a fixer- upper it HAS to be cheap . This wasn’t

you add real value to a house by adding square footage, improving rooms, or light or facilities- not by improving the basic structure of the building

I agree with this. It's a stunning house but looks out of place where it is.

What is the school catchment like? Could that be an issue? It's obviously a family home so that'll likely be a priority for whoever would be interested in buying it.

I want to know what they do for a living to need five monitors.

There is a lot of colour. If you don't like that period look there's a lot of painting to be done. Personally I'd find it too dark.

Not all of Wolvo is bad, some of it is beautiful. But the area the house the OP is on about IS in a pretty ropery area.

*ROPEY not ropery!

It’s too close to Whitmore Reans.

Is your friend called Mrs Lopetegui? 😉