I live near Oxford in the country, its not exactly cheap here but i wouldn't be prepared to pay £380k for a house of that size!You wouldnt be that surprised if you lived in SE
The nervous wait to exchange....
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Soldato
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That price is the norm around here unfortunately 
Prices in the South East are incomparable to further up north.
3 bedrooms, two bathrooms, garage, off street parking, garden. I'm not surprised that commands that kind of money. Especially as this is in easy commuting distance to London.
With current interest rates, that's an affordable home for a young family.
3 bedrooms, two bathrooms, garage, off street parking, garden. I'm not surprised that commands that kind of money. Especially as this is in easy commuting distance to London.
With current interest rates, that's an affordable home for a young family.
I would say that the property entirely depends on the neighbour.
Soldato
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What do you mean? Neighbours were friendly but i disliked one of the rooms as it was sloped roof effectively making the room look smaller.
We didn't get the one above either. It had 23 offers, and we came 5th. It went for over £300k, home report valuation was £225k! So over 33% above valuation! It's a nice house, and I'm sure others would think that it's a bargain but the area isn't great, the schools are some of the worst in Scotland (thankfully I'm not wanting kids) and there's nothing nearby bar the entertainment you get from some very dodgy areas in Glasgow! But perhaps this is the first step to gentrification.
This is just a huge bubble waiting to burst. I think we're going to hold off looking at anymore for a few months and see what happens.
This is just a huge bubble waiting to burst. I think we're going to hold off looking at anymore for a few months and see what happens.
As in, if the neighbours start acting up, it would ruin the appeal of the house.
I'm not at all surprised. Certainly everyone here thought that was an absolute bargain for £209k, so not surprised the offers were much higher.
Soldato
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Anyone have the link to this house?
Indeed, it's a lot of house for the money but I don't think I'm being out bid by people from Kent that can't buy a shoebox for less than 300k
. I think the Coronavirus is pushing people from flats in nicer areas to the worse areas. I guarantee that would never have sold for that money a year ago. A much bigger house in the street, done to a decent standard, sold for £248k at the tail end of last year.I still think 33% above the valuation survey is pretty surprising. Indeed, my solicitor says he's rarely seen things go for that high above.
I don't think you get how bad the area is, here's a link to the deprivation index - it's pretty damning!
We're discussing this one:
https://www.rightmove.co.uk/property-for-sale/property-72931278.html
Now it's shut to offers, I'll share - don't want you outbidding me by a tenner!
https://www.rightmove.co.uk/property-for-sale/property-72931278.html
Soldato
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Essentially the estate agents used the tatic of a really lower price to drive the price up. Property seems nicely done!
Damn.. my seller is really annoying me. They own the private road and they need to transfer it to the company that owns the house before they can sell it... They should have done this before listing it!! Plus they're asking for ridiculous repair and maintenance covenants.
It's getting silly - this popped up near me. Three bed semi, one bathroom, tiny back garden... just shy of £1.1m! Everything is going to fall apart
Engineer survey today, hopefully it's all a load of guff from the homebuyer report as I suspect. Still have the woodworm and drainage survey to get done. Seller's kid is due in 5 weeks and they're freaking out.....not my fault you decided to move right before giving birth!
Costing a fortune this purchase, if it falls through I might just go and chuck my deposit on black at the casino, better than burning money on the idiotic process in England.
Costing a fortune this purchase, if it falls through I might just go and chuck my deposit on black at the casino, better than burning money on the idiotic process in England.
Soldato
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Wow, that's crazy!
Was speaking to my solicitor (and friend) yesterday. He had a semi-rural house go 40k above HR at closing and the seller declined all offers, it's also greed on the seller's part it appears.
We offered on a house that maybe had increased inline with the local area house prices. But they only bought it 3years a go and the work they've done I would have said devalued it.
Eg, going from your outdated auntie's house to poorly painted walls, wall paper removed from rooms and left bare, radiators removed, general work needing done on roof and a bunch of other issues that would need to be sorted. I think they're just chancing it hoping for some quick money.
A house like this would usually have offers or notes of interest after the first weekend of viewings. There was nothing.
Now it's shut to offers, I'll share - don't want you outbidding me by a tenner!
https://www.rightmove.co.uk/property-for-sale/property-72931278.html
What a lovely house
Thing is, that only works if you're not planning to move to another property.
I'm so glad the house we're buying's price was set in January before all this madness happened - and we bought it before the stamp duty change.
Engineer was 45 minutes of course, just to wind my seller up even more, they needed it to be done pronto as they were leaving for a holiday this AM. Good times.
All completed today on my sale, although nothing like some last minute drama. 
Exchanged contracts yesterday, thus had my completion statement from the Solicitor. Agreed everything was in order (via phone, email with x2 solicitors), along with the 3 indemnity policies I had agreed to pay at the agreed price that the buyer requested within the allowment section.
Call today from my solicitor 'we have misquoted the price of the indemnities to you, and also the value on the completion form isn't correct due to our error.......therefore we need another £150 to cover this cost before completion'. After a discussion and a swift email this was reduced from £150 to £30 and then down to £0.
They expected me to pay for their mistake? Sometimes I wonder what we pay for and question the quality of the work undertaken if they can get something so simple wrong.
Exchanged contracts yesterday, thus had my completion statement from the Solicitor. Agreed everything was in order (via phone, email with x2 solicitors), along with the 3 indemnity policies I had agreed to pay at the agreed price that the buyer requested within the allowment section.
Call today from my solicitor 'we have misquoted the price of the indemnities to you, and also the value on the completion form isn't correct due to our error.......therefore we need another £150 to cover this cost before completion'. After a discussion and a swift email this was reduced from £150 to £30 and then down to £0.
They expected me to pay for their mistake? Sometimes I wonder what we pay for and question the quality of the work undertaken if they can get something so simple wrong.