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There is a street and I know the average house price down it.
One end property backs on to the railyway line. The railway is sunk down a bit of course.
Should this make it worth less and how much?
Another end property is joined to a much newer built garage. The back of the garage is joined to the side of the house, and they are at 90 degrees to each other. It is a family type MOT station place not a Shell or Kiwkfit or anything. You cannot see the garage from the house, just it is bolted to the side.
Would this knock value off the house and by what % do you think?
I am assuming it would but then all houses on the street have to 'put up' with the garage as the street is short.
I am really not sure why the garage is there as the land it is on is probably worth loads and cheaper light industrial facilities are available out of town.
Might put an offer on a house which is being offered for 255k but I wish it was 250k for stamp duty purposes. I am right in saying you pay 1% on a 250k house, but 3% on a £250,001 house?
Might put an offer on a house which is being offered for 255k but I wish it was 250k for stamp duty purposes. I am right in saying you pay 1% on a 250k house, but 3% on a £250,001 house?
I'd be putting a £220k bid in to start anyway, they will know no one will pay £255k purely because of the stamp duty.
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"Sorry sir, but due to the 2.5% increase in V.A.T we have had to double our prices." Facking Liberty.
I'd be putting a £220k bid in to start anyway, they will know no one will pay £255k purely because of the stamp duty.
Yeah seems an odd price to set it at?
I don't see the gap between asking prices and selling prices here ATM. I've been looking over zoopla etc for what houses have been going for. It's a fairly pricey place to live and everyone has new ranger rover sports . I'd worry I'd miss out if I offered 220k.
I don't see the gap between asking prices and selling prices here ATM. I've been looking over zoopla etc for what houses have been going for. It's a fairly pricey place to live and everyone has new ranger rover sports . I'd worry I'd miss out if I offered 220k.
£250k houses and people drive a brand new car worth 20% of its value??
Well I can guess why it is priced at 255k so then the mug (buyer) who bids 250k thinks he has got a great deal (by avoiding the 3% duty), when it they had priced it at 250k he might have bid 245k and still got it.
My research todays shows an average bid-ask spread of 6% in my area the last year.
They are crafty sods those estate agents.
Last edited by tony de wonderful; 07 February 2012 at 17:30.
Can you put verbal offers on more than one house at a time?
Yes and you can withdraw and change them at anytime.
You can do that with written offers as well. Just make sure you always write 'subject to contract' next to all written offers. Not sure if that actually makes a difference anymore but was something my old man told me to always do years ago
Might put an offer on a house which is being offered for 255k but I wish it was 250k for stamp duty purposes. I am right in saying you pay 1% on a 250k house, but 3% on a £250,001 house?
It'll cost you £10k more to buy a house worth £5k more You'd be better off buying the house for £250k and paying £5k for the fridge separately (if that was allowed )
It'll cost you £10k more to buy a house worth £5k more You'd be better off buying the house for £250k and paying £5k for the fridge separately (if that was allowed )
Yeah I know, they put it at 255k to make someone bid 250k and feel pleased 'cos they just miss the 3% duty. If they had marketed it at 250k then 250k suddenly wouldn't feel so great 'cos that is buying for 100% of asking price.
Anyway I looked at this terrace and it was really great, slightly not fantastic location but priced fine for that, but guess what. Absolutely no place to park, except on the curb not even in sight of the house. Estate agent (sour faced old woman) said this is parking spot and I don't even reckon it is strictly legal as it blocks most of the pavement. Anyway that was a deal breaker.
It had an awesome loft conversion which was really something.
I looked at another period terrace also today. I thought it was ok, but going into the cellar and it is all original so decades old wiring, bodged pipes here and there, I am sure there are worse but you can tell this is an almost 100 y/o house and suddenly didn't seem quite so solid. Basically the cellar was an eye sore and the ceiling about 5' 6". I am guessing cellar conversion dig down a few inches to give more room?
Also had a skylight recently changed and evidence of dripping and buggered plaster there.
As much as I like period terraces (for their character), there is bugger all storage space and room for rugged masculine men like me to work on cars and stuff.
The alternative is later (like 1930's to 1950's) semis that are slightly further out of town.
I looked at a 50's one a few days ago and it was fine but charmless, like a box of bricks.
I'm gonna see a 30's one which has been refurnished. Looks really good on paper, but at my max budget.
Last edited by tony de wonderful; 08 February 2012 at 21:20.
Agree with Hodgy I wouldn't bother on a period house unless you were suspicious about something.
Even most so called full structural surveys are rubbish. They cover their own a88es with loads of cop outs. Waste of time and money 99% of the time. Get friendly with a decent builder and get him to have a look.
I thought the surveyor's report would be a guide as to what to fix. Six months in the house, a lot of dirty clothes, many bright torch batteries, grazes and bruises, and my favourite tool - a demolition bar - and I have found and fixed far more including numerous water and air leaks, wiring faults, central heating faults, roof problems, missing insulation, rotten wood, leaky windows and thresholds etc. The surveyor just covered their arse and didn't notice loads of stuff.
I thought the surveyor's report would be a guide as to what to fix. Six months in the house, a lot of dirty clothes, many bright torch batteries, grazes and bruises, and my favourite tool - a demolition bar - and I have found and fixed far more including numerous water and air leaks, wiring faults, central heating faults, roof problems, missing insulation, rotten wood, leaky windows and thresholds etc. The surveyor just covered their arse and didn't notice loads of stuff.
This is why I am of the opinion that if you are buying a house where you intend to live for a significant period of time buy a wreck. Then you replace all the electrics, heating, bathrooms, kitchens etc and you know it has been done well and to a good standard.
This is what I have done with my current house and that's why it also feels like a home.
. I'd worry I'd miss out if I offered 220k.
You'd be better off buying the house for £250k and paying £5k for the fridge separately (if that was allowed 
Anyway that was a deal breaker.
