Hi guys,
As the threads in this forum will reveal I am in the market for a new property. Instead of creating a new thread for each house I see, i was going to use this thread and get peoples opinions on them.
Reason for asking is that with future resale value, and the collective experience of other users I want to make sure we don't over look something when it comes to buying a property. There is also the bonus of you never know who might read this. My previous thread was about a house identical to one a forum member actually lived in. Would have been great having insider info into it...had it not sold a week after our initial offer was rejected.
The house in question is below. Now, having recently found out I am inheriting some money I have been able to increase our budget somewhat. Unfortunately I didn't find this out until after I missed out on the first property we liked! This one again would force us to make a low offer to bring it within budget. Owner is a single lady, who has lost 2 previous buyers by accepting low offers (£300k mark) then struggling to find somewhere to live herself. As we are in no rush to move (5 months until partner finishes school year) this would work for us - providing the contracts were signed in respectable time frames.
My concern is that with a new build, future re-sale values might be weaker then a house we can do up/modernise and sell on ourselves (around 20-25 odd years old). There are also rumours of a new estate being built a couple of miles away, right on the doorstep to a motorway. This wont help property values in the area in a few years time I imagine, but that could to said for any place in the area?
http://www.zoopla.co.uk/for-sale/det...ac5ef9dbdf9e30
What do people think?