House Prices

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Another update! We went to see another house this morning. Unfortunately it wasn't for us. It was made of wood and had a flat roof and looked very rotten on the outside, which worried us. Estate agent said it's already under offer. It's been on the market for less than a week. If they want to buy a house made of wood, more power to them. :ROFLMAO:
 
navybluewolf said:
Another update! We went to see another house this morning. Unfortunately it wasn't for us. It was made of wood and had a flat roof and looked very rotten on the outside, which worried us. Estate agent said it's already under offer. It's been on the market for less than a week. If they want to buy a house made of wood, more power to them. :ROFLMAO:
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Wood?!?! Is it a beach hut 😂
 
we had our heart set on a new build property 5 mins from where we live now. read all the planning permission documents on our council website and they estimated to sell the homes for £180k before covid, they’ve just gone on the market for between £216k and £230k!! How can they do this?? a three bed semi with a drive up north! It’s ridiculous
 
prinsld said:
we had our heart set on a new build property 5 mins from where we live now. read all the planning permission documents on our council website and they estimated to sell the homes for £180k before covid, they’ve just gone on the market for between £216k and £230k!! How can they do this?? a three bed semi with a drive up north! It’s ridiculous
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Still a bargain, compared to down here in the Home Counties! We own a large new build 2 bed semi which cost over £300k!

house prices are just insane
 
prinsld said:
we had our heart set on a new build property 5 mins from where we live now. read all the planning permission documents on our council website and they estimated to sell the homes for £180k before covid, they’ve just gone on the market for between £216k and £230k!! How can they do this?? a three bed semi with a drive up north! It’s ridiculous
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New build 3 bed semi with a drive near me is anywhere upto £500k
 
Anne1448 said:
I'm not surprised that rotten houses have high offers too. It is quite common here in Ireland to see derelict homes for well over a 100k. The only way to renovate them is by throwing a grenade at it and starting from scratch.
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I look at properties in Ireland weekly & I love seeing the spooky buildings!! We’re looking at big houses with land and they’re always so beautiful and far more… sympathetically (if that’s the right word??) decorated complementing their lovely period features than the big houses in England which are usually utterly foul. Just have to convince my husband 😩
 
prinsld said:
we had our heart set on a new build property 5 mins from where we live now. read all the planning permission documents on our council website and they estimated to sell the homes for £180k before covid, they’ve just gone on the market for between £216k and £230k!! How can they do this?? a three bed semi with a drive up north! It’s ridiculous
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£200k+ used to be what the average 3-bed semi would go for in my area of the West Midlands. Now they’re going for £300k+ and the 2 beds that were usually around £120-150k are now £200k+. I can’t get my head round it. Unless we get a huge windfall there’s no way we’d be able to buy round here. I’ve almost given up on the idea as it seems like we will never have a big enough deposit.
 
Former_Antelopee said:
Viewed a house yesterday and got told there was 6 viewings but no one actually said they were making an offer like the majority of houses now, so she advised me to go under the asking price.
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I ended up just putting in the asking price as when I spoke to them they asked for final and best offers. It’s leasehold £125 a year with 230years left.
I saw another similar house a few weeks ago but didn’t get it when I offered just above asking.
 
Former_Antelopee said:
I ended up just putting in the asking price as when I spoke to them they asked for final and best offers. It’s leasehold £125 a year with 230years left.
I saw another similar house a few weeks ago but didn’t get it when I offered just above asking.
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Does that cover ground rent and service charge? Have you seen a copy of the lease too? There could be something in there putting people off
 
Former_Antelopee said:
I ended up just putting in the asking price as when I spoke to them they asked for final and best offers. It’s leasehold £125 a year with 230years left.
I saw another similar house a few weeks ago but didn’t get it when I offered just above asking.
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Hang about it’s a house then that is surely freehold?
 
Former_Antelopee said:
It’s a leasehold house. I have read though that apparently after two years you have the right to buy the lease if you want so least there is that option. But they said it won’t increase so I think should be fine
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You have the right to extend the lease after two years, buying the freehold isn’t always the same.

To add, saying they won’t increase the service charge is BS. It depends what the service charge covers but I doubt they will keep it at that rate for 10 years. This is my job so got any questions let me know.
 
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Boutros-Boutros Ghali said:
Isn’t there a whole thing about leasehold houses , I can’t remember the ins and outs although am sure Google or someone here will know, but they have so many problems and not going to be allowed anymore
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Yeah it was all a farse by housing builders and there were some which meant they couldn’t sell or remortgage and were stuck I think. It was to make more money!

Personally I’d never touch a leasehold house.
 
JoeBloggs said:
Yeah it was all a farse by housing builders and there were some which meant they couldn’t sell or remortgage and were stuck I think. It was to make more money!

Personally I’d never touch a leasehold house.
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Especially now it’s going to be banned, the house builders that own the leaseholds will want to make some money now they can’t keep that particular scam going
 
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