Grendels/Flowery
Cheers for your comments. I read the big thread on Cambridge from April last night Grendels where you also gave sound advice.
I bet you have spotted the property we're interested in. I'm afraid we have to just go and get it out of our system. It's one of those things.
Okay, the trouble with the chocolate box towns in Cambs/Essex with easy access to London is that financially it's unlikely to be worth it for us. We would struggle to replicate our current house in Cambridge assuming we were willing to have a similar sized mortgage - I was astonished at the prices I saw on one of the websites recommended on that earlier thread.
In this sort of situation, if we really loved it, we would establish a value at which it was worth it - which would incorproate the work and a desire to lower our current mortgage- and then just say take it or leave it. We aren't desperate.
Totally take your point that it's probably cheap b/c no one wants to live there (!!!). However, DH and I have looked at a number of probate/ex-farmers houses over the last couple of years which have also struggled to sell. They needed work too but often times a bigger factor was a certain recalcitrance towards negotiating even a quid lower, given inheritance issues, plus if there is land attached, they were trying to retain as much of the property around the original farmhouse as possible. So, a lot of this would depend on the owners' attitudes.
Well, I'll le you know how it goes on Sat.