I am house hunting, properties in my desired neighbourhood are selling within two weeks and for 20% over the HRV. It’s wild.
There is a property for 220k that has been on the market since December. Home report looks unremarkable, no major issues. But the interior style is absolutely disgusting. I imagine it’s not selling because it’s highly stylised and to no one’s taste, I imagine most people would rip out the kitchen and bathroom immediately.
The sale history shows that it was bought in 2023 for £115k. So someone has bought it very recently, flipped it horribly and added £105k on assuming they can take advantage of this recent upswing. And now it’s not selling.
Is it insane for me to offer £160k? Has anyone ever in the history of the world bought a property for 30% under the home report value? I could afford slightly more but I’d like to keep that money for a new kitchen and bathroom 😬