Active discussions

Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Talk
Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Original poster

How much would you offer on a house for £475k in SE London?

77 replies

Milkandshake · 27/09/2023 13:27

It needs work (not too much) but I don’t want to pay for an over priced house on probate. I think everything is over priced really.

Any thoughts and experience welcome!

OP posts:
LadyBitsnBobs · 27/09/2023 13:29

Impossible to say - is it likely the work priced in? What kind of work?

just because it is probate doesn’t mean it’s overpriced does it?

Milkandshake · 27/09/2023 13:31

This reply has been deleted

We have deleted this thread as it does not seem to be going well.

Twiglets1 · 27/09/2023 13:37

Yawn… another one who thinks EVERYTHING is overpriced.

What research have you done in your area? Do you know what similar properties have gone for in the last couple of years?

Thebigblueballoon · 27/09/2023 13:38

Well, you “having a feeling” that all probate houses are overpriced is a bit daft, really. Talk about a generalisation.
How do you know it needs 20k of work? Are you going by photos or other research?

Jessforless · 27/09/2023 13:40

Can you link it or say the area so we have a better idea?

Chewbecca · 27/09/2023 13:41

The amount of work it needs is irrelevant if it is already priced to account for it, which houses usually are.
How much has a similar house sold for in the last 6m? How much would it be worth after doing the work? How quickly are houses selling in the area? How long has it been on the market?
But most of all, how much do you want it and what can you afford? The odd £10k here and there doesn't matter in the long run. This is a home you're buying.

randomrandom · 27/09/2023 13:42

This reply has been deleted

We have deleted this thread as it does not seem to be going well.

Have you actually had a look at market equivalents or are just just purely basing your feeling on your ageism?

crumpet · 27/09/2023 13:46

“All these boomer houses”. FFS

MintJulia · 27/09/2023 13:49

If you want the house, offer asking price less £20k. See if you are out-bid.

Or go and find somewhere less expensive.

Flubadubba · 27/09/2023 13:50

SE London is a big area made of very different markets. Dulwich is very different to Sydenham is very different to Eltham is different to Kidbrooke is different to Abbey Wood etc etc. Each is a very different market, so more info needed.

Either way, £475k sounds like the condition has likely been priced in.

MintJulia · 27/09/2023 13:53

A probate sale in a nice area won't be available for long. Especially one that needs barely any work.

As for 'all these boomer houses are way over priced' ! Really !!! 🙄

It isn't a 'boomer house'. It's a house being sold by an executor who could be any age, have differing expectations and differing pressures from every other executor, and really isn't interested in your prejudice.

LemonLymanDotCom · 27/09/2023 14:07

Nothing is overpriced if someone pays that price for it.

TheWayTheLightFalls · 27/09/2023 14:14

What area exactly, and what have comparable houses sold for?

TheWayTheLightFalls · 27/09/2023 14:15

And how long has it been on the market?

BIWI · 27/09/2023 14:16

WTAF do you mean by 'boomer houses'?

Gasp0deTheW0nderD0g · 27/09/2023 14:23

Probably used, incorrectly, as a way of indicating the house used to belong to an older person. Boomer is an irritating term for people born during the baby boom after World War 2, i.e. someone born between 1946 and 1964, when the birth rate started to fall. The oldest Baby Boomers still alive are now 77. There are a lot of people in the UK older than that.

IsadoraQuagmire · 27/09/2023 14:26

"Boomer houses" Really?

BIWI · 27/09/2023 14:28

@Gasp0deTheW0nderD0g I know what Boomers are! It's the way it's being used here that's an issue. It's being used in a derogatory way.

randomrandom · 27/09/2023 14:31

Gasp0deTheW0nderD0g · 27/09/2023 14:23

Probably used, incorrectly, as a way of indicating the house used to belong to an older person. Boomer is an irritating term for people born during the baby boom after World War 2, i.e. someone born between 1946 and 1964, when the birth rate started to fall. The oldest Baby Boomers still alive are now 77. There are a lot of people in the UK older than that.

I think people get that, they aren't stupid. It's the dismissive rude way that it had been used that people are 'wtf' about

cocksstrideintheevening · 27/09/2023 14:36

Have you looked at the comps? Start there.

Original poster
Milkandshake · 27/09/2023 14:36

Oh good god.

Does everyone here behave like this in real life? Jump down peoples throat.

Moderators please delete, as this has turned into an attacking thread.

OP posts:
IClaudine · 27/09/2023 14:37

Boomers are overpricing their houses from beyond the grave. Bastards.🙄

Twiglets1 · 27/09/2023 14:39

cocksstrideintheevening · 27/09/2023 14:36

Have you looked at the comps? Start there.

Exactly.

Start there @Booyou123 not with a prejudiced view about "all these boomer houses" being overpriced based on ... a feeling

IClaudine · 27/09/2023 14:39

Milkandshake · 27/09/2023 14:36

Oh good god.

Does everyone here behave like this in real life? Jump down peoples throat.

Moderators please delete, as this has turned into an attacking thread.

Well if you had said that to me in real life I would have asked what the eff you were on about.

Original poster
Milkandshake · 27/09/2023 14:41

Post reported.

Lots of chips on shoulders here guys, I recommend therapy to sort out your anger towards the world.

OP posts: