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Original poster

To wonder why this house is so cheap?

33 replies

Fluffysocks12 · 03/12/2023 11:44

Obviously it needs work doing to it and you can’t get a mortgage on it but it’s a semi detached 3 bedroom house with large gardens.

Its cheaper than most 1 bedroom flats and caravans on the same site.
I’ve seen homes that have had fires, which are advertised for more.

I’m wondering what could be so wrong with it.
Perhaps it’s simply because it’s for cash buyers only.

https://www.rightmove.co.uk/properties/140357546#/?channel=RES_BUY

Check out this 3 bedroom semi-detached house for sale on Rightmove

3 bedroom semi-detached house for sale in Rock Lane, Bodmin, PL31 for £70,000. Marketed by Millerson, St. Austell

https://www.rightmove.co.uk/properties/140357546#/?channel=RES_BUY

OP posts:
CrashyTime · 04/12/2023 16:03

Pushkinini · 04/12/2023 15:13

And that particular part of Bodmin isn't very nice either.

So why did they start their asking price at 150k and reduce by 53% in less than two months, surely easier to just start at 50k and get rid of the thing to a cash buyer?

CaptainMyCaptain · 04/12/2023 16:05

Rantypanties · 03/12/2023 11:47

I’m guessing cause it’s a pre-fab house, they’re notoriously hard to get a mortgage on!

This - it's non-standard construction.

Aquamarine1029 · 04/12/2023 16:08

CrashyTime · 04/12/2023 16:03

So why did they start their asking price at 150k and reduce by 53% in less than two months, surely easier to just start at 50k and get rid of the thing to a cash buyer?

Show quote history

Perhaps a massive issue, like something structural, has been discovered in the meantime.

housethatbuiltme · 04/12/2023 16:29

CrashyTime · 04/12/2023 16:03

So why did they start their asking price at 150k and reduce by 53% in less than two months, surely easier to just start at 50k and get rid of the thing to a cash buyer?

Show quote history

Because most sellers are a bit greedy but had a wake up call for reality. People often overvalue their own belongings.

CrashyTime · 04/12/2023 18:42

housethatbuiltme · 04/12/2023 16:29

Because most sellers are a bit greedy but had a wake up call for reality. People often overvalue their own belongings.

Show quote history

True, but PTB/media and bankers have brainwashed people over the last 20 years to believe that a shed with a fireplace is super scarce and should be super pricey, it is tragic really TBH.

Gettingcolder · 04/12/2023 18:58

Quite apart from the non-morgagable construction, I imagine it is also full of asbestos! It would cost a fortune to renovate and then you wouldn't be able to sell it because of it's construction type!

CrashyTime · 04/12/2023 19:22

House is worth about 20k, if they get 70k from some mug I think they will be having a wee party on completion day?

IbizaToTheNorfolkBroads · 04/12/2023 21:50

FuzzyPuffling · 04/12/2023 15:04

As well as all the above, Bodmin is not the best place.

Bodmin is one of the weirdest, creepiest places I have ever been to.

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