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Struggling to sell house

101 replies

jol890 · 26/07/2024 17:15

Hi all, I've seen similar posts here and am after any views/ opinions. Trying to sell the house via an estate agent and struggling to get any viewings etc.

The advert is here: https://edwardashdale.com/property/4-bed-semi-detached-house-for-sale-in-farnaby-road-bromley/594825

Is there anything that looks wrong with it or any suggestions as to where we could post it online to get additional views?

Thanks

Farnaby Road Bromley BR1 (ref: 594825)

Property details for this Farnaby Road Bromley BR1 (ref: 594825). ****CHAIN FREE**** Welcome to Farnaby Road, this stunning 4 double bedroom, 2 bathroom...

https://edwardashdale.com/property/4-bed-semi-detached-house-for-sale-in-farnaby-road-bromley/594825

OP posts:
Hattie48 · 30/07/2024 08:47

I also know the area and agree it’s the price. I also think some of the decor is quite personal taste and a lot of people would want to re decorate and maybe put in wooden flooring etc and it will then be even more expensive. I also think the photos of your garden probably don’t do it justice as it looks a bit neglected if the photos are from this summer.

DaphneduM · 30/07/2024 09:07

It's the price, for sure. That's what it always comes down to - also 'guide price' can put people off, too vague. Personally, as someone who has just successfully managed to match a new sliding door colour wise (both outside and inside) to existing windows, the mismatched colour of the various windows would drive me nuts.

The garden patio needs attention - those spare slabs stacked against the garage wall looks sloppy. It looks bare and unloved - maybe a few pots to make it look more attractive. It's not an appealing place to sit out at all.

A completely irrelevant observation - but as a Band E homeowner with a council tax of £2400 p.a. for my approx. £400k house, it makes a mockery of the system that your £1.2m house Band F is only roughly £400 per annum more. Shows what a ridiculous system it is!

boredybored · 30/07/2024 09:10

@MidnightPatrol the post I was making is you don't go straight into a 4 bed house like that . You work up to it.

nopurchasenecessary · 30/07/2024 09:14

I love your taste OP, gorgeous!

BrigadierEtienneGerard · 30/07/2024 09:16

It is far, far too open-plan. It's a modern interior in a period house.

People who want period property won't want the interior and people who like the modern interior won't like the kerb side appearance.

You are caught between two stools OP.

Mischance · 30/07/2024 09:17

Gawd a mighty! That is a lot of dosh! Bring the price down!!

SheilaWilde · 30/07/2024 11:57

It's overpriced and while the footprint is generous there are no period features. You bought it in 2018 for £750k and while I appreciate you've added a loft conversion, knocked through kitchen etc is it £450k worth of work? It also seems like you've kept the previous owners living room furniture? Potential buyers will do their research, especially given the asking price and turn to other, more reasonably priced properties.
If I had a £1.2m budget I'd be more interested in this:

www.rightmove.co.uk/properties/150546281

Or this:

www.rightmove.co.uk/properties/149819630

OlderGlaswegianLivingInDevon · 30/07/2024 13:19

@SheilaWilde

Both of these have kerb appeal and lovely gardens, tho I personally wouldn't buy either as they are on a main road and I have cats.
But both have period features which I love, and both are real 4 bedroom houses rather than a 3 bed with a converted attic to make a 4th bedroom.

OlderGlaswegianLivingInDevon · 30/07/2024 13:36

I have to admit, if I was paying that price for a London house ( and despite my username I did live in London for many many years ) I would be paying for a 1,2 m house with a London postcode i.e. W7 W13

But that's just me / my personal choice and realise not everyone wants ( or needs ) a London postcode and lots and lots of people want to live outside of a London postcode area.

Wellieswithsocks · 30/07/2024 13:56

It’s always the price, as others have said.
I think in the current market offers above £950K might be about right?

I do like your bathroom tiles - especially the green ones.

YouHaveAnArse · 30/07/2024 13:59

MidnightPatrol · 30/07/2024 06:34

@boredybored over what time period?

It’s not just a simple thing to amass a million pounds in housing equity, particularly at the point you might want to be buying a big house to raise a family in ie probably pre-40.

There is a vast property wealth gap between those who bought 15 years ago and those who bought in the last 5 years in London. Property prices have more than doubled in some areas in that time.

The average age of first time buyers being 35-ish now means a) they're sick of having to move after years/decades of renting, and have no interest in constantly trading up properties even without all the extra costs involved b) they may already be stretching themselves as far as they can to buy a flat/house big enough for a family.

Friends of mine who own frequently say they couldn't afford their homes if they were to buy today, and it's notable that their neighbours moving in are all in corporate law or finance, not in averagely-paying roles as they were ten years ago.

Jellybaby44244 · 30/07/2024 17:51

SheilaWilde · 30/07/2024 11:57

It's overpriced and while the footprint is generous there are no period features. You bought it in 2018 for £750k and while I appreciate you've added a loft conversion, knocked through kitchen etc is it £450k worth of work? It also seems like you've kept the previous owners living room furniture? Potential buyers will do their research, especially given the asking price and turn to other, more reasonably priced properties.
If I had a £1.2m budget I'd be more interested in this:

www.rightmove.co.uk/properties/150546281

Or this:

www.rightmove.co.uk/properties/149819630

These houses are lovely but on a main road and in an area that isn't as nice as the OP's house.

Scirocco · 30/07/2024 21:23

The price and the inaccurate garden description would be off-putting. For over 1 million in Bromley, I'd want a decent sized garden, so would probably look at the listing's measurements and think it wasn't the house for me.

Chewbecca · 31/07/2024 15:40

OP's house is in Shortlands which is a v desirable sub district of Bromley. You can always find a more attractive house if you go for a worse location - you need to compare better houses in the same location to be a real price comparative.

Wellieswithsocks · 31/07/2024 16:08

Chewbecca · 31/07/2024 15:40

OP's house is in Shortlands which is a v desirable sub district of Bromley. You can always find a more attractive house if you go for a worse location - you need to compare better houses in the same location to be a real price comparative.

Fair point but I suspect most of the advice still stands

OlderGlaswegianLivingInDevon · 31/07/2024 16:31

However Bromley is never used in the same sentence as Chelsea / Kensington / Hampstead / Highgate

tho I am well aware that one can't get a 3/4 bed semi in these areas for the price of this house in Bromley

LindorDoubleChoc · 31/07/2024 18:58

Chewbecca · 31/07/2024 15:40

OP's house is in Shortlands which is a v desirable sub district of Bromley. You can always find a more attractive house if you go for a worse location - you need to compare better houses in the same location to be a real price comparative.

Agreed, Shortlands is very nice. But me and other posters have posted good houses at a similar price point 5 miles closer into the centre of London, in very sought-after areas.

rainingsnoring · 31/07/2024 19:20

MidnightPatrol · 30/07/2024 07:49

@boredybored ok so you have achieved that by having started on your property buying journey in 1999.

Properties on my street are valued at 4-5x the price they were in 1999 - and wages haven’t increased that much!

The average age of a FTB is now 36 in London. 23 year olds aren’t buying property.

This means to accumulate a million pounds in capital that person is more likely to be in their 60s. So probably not at the point they want to buy a family house.

‘Just climb the ladder through building equity’ doesn’t work in the same way, particularly when most of the value growth will be from the properties above-inflation price increases.

So - no shade on your achievement, but it’s not so straightforward to achieve the same thing today.

Exactly. @boredybored you were lucky and were able to buy at a great time. It's simply not possible for younger people now. The situation is pretty much the opposite for them. Many can't even manage to save a deposit for their first home and are reliant on parental handouts and they are a good 10 years older than you were then buying, more in London.

rainingsnoring · 31/07/2024 19:22

boredybored · 30/07/2024 09:10

@MidnightPatrol the post I was making is you don't go straight into a 4 bed house like that . You work up to it.

I think you have missed Midnight's point entirely. You can't 'build up to it' with today's prices. That's in addition to the other points that FTB are much older and can barely scrape together a large enough deposit in many areas unless they have a large bank of mum and dad available to them.

rainingsnoring · 31/07/2024 19:24

I don't have anything to add to OP's post. It's a lovely house but many people who know the area have already said that the asking price is too high. I hope you have success at a reduced asking price @jol890.

boredybored · 31/07/2024 19:59

I didn't miss the point , I was saying you don't buy a million pound house as your first home . You build up to it .
Regardless of house prices etc . You would most likely have a large amount of equity built up. I realise we are not typical but I doubt we are unique

rainingsnoring · 31/07/2024 20:05

I'm afraid you did miss the poin@boredybored but I don't think there is any point in us trying to explain it again!

Wellieswithsocks · 31/07/2024 20:20

boredybored · 31/07/2024 19:59

I didn't miss the point , I was saying you don't buy a million pound house as your first home . You build up to it .
Regardless of house prices etc . You would most likely have a large amount of equity built up. I realise we are not typical but I doubt we are unique

I think that people are saying that you probably didn’t have to “build up” to the equivalent of a million pound house when your children were young.

My parents bought a huge detached house in a very desirable area and paid for 3 sets of school fees on one salary in the 70s/80s.
And we went skiing every year!

Someone in the job my father had in his 40s today would probably be earning about £150K - not enough to buy the same house, which would be worth about £5million.

boredybored · 31/07/2024 20:22

I'm only 49, my children are 13 and 20 🤷‍♀️

Wellieswithsocks · 31/07/2024 20:25

boredybored · 31/07/2024 20:22

I'm only 49, my children are 13 and 20 🤷‍♀️

So you probably bought in the mid-late 90’s?
I bought my first house then (in my 20s) for £70K - I was earning £27K.

The same house recently sold for £300K - someone doing the same job would be on £32K now.

See the difference?