General Discussion: Property thread


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Crackajack
Crackajack avatar

7180 posts since 21/4/05

22 Oct 2019 14:14
Won't be going to the max for this one. Bid our max on others. Harder this way…
sydneyking
sydneyking avatar

4581 posts since 26/9/09

22 Oct 2019 14:47
Crackajack wrote: Seen a place on for 550, made an offer over the asking price and now they are asking for 'best and final' offers over 600 to be submitted within 24hours Eek

I think it was probably undervalued a little as they seemed to have 30+ viewings in two days but it now feels really hard and arbitrary to pick a number out of thin air. The one next door (not as nicely done but essentially this is the same house - no big extension or anything) sold for 560 earlier in the year.

Any tips for this situation?

That’s a 7-8% increase, has anywhere in the UK seen that sort of increase in the past 12 months? Obviously I don’t know the property or area you’re looking at and it may just be that both properties were/are seriously undervalued. If not I’d be very reluctant to pay that sort of a markup
Crackajack
Crackajack avatar

7180 posts since 21/4/05

posted 22 Oct 2019 16:24, edited 22 Oct 2019 16:24
The one that sold on the same road for 560 in Jan 2019 didn't have a new kitchen, garden was a mess, no original features, front and back reception not knocked through, new-ish but poor UPVC windows etc. which explains a bit of the difference with this one.
deuce
deuce avatar

13705 posts since 21/1/08

23 Oct 2019 09:25
they've got you by the balls when buying a home, as its mostly an emotional purchase. you fall in love with a place then MUST have it, so you do whatever you can to seal the deal, like paying way above valuation

i think its important to take a step back and look at it a bit more logically. if your friend was in the position you were in, what would you advise them to do? I cant imagine it'll be to spend an extra 50 grand
Crackajack
Crackajack avatar

7180 posts since 21/4/05

23 Oct 2019 16:22
Thanks for advice chaps.

Some nutter offered £75k over the asking price Laughing out loud Really glad that wasn't us.
16simon
16simon avatar

465 posts since 21/4/11

23 Oct 2019 16:40
deuce wrote: they've got you by the balls when buying a home, as its mostly an emotional purchase. you fall in love with a place then MUST have it, so you do whatever you can to seal the deal, like paying way above valuation

This is true x100 if your woman is involved

deuce wrote: i think its important to take a step back and look at it a bit more logically. if your friend was in the position you were in, what would you advise them to do? I cant imagine it'll be to spend an extra 50 grand

Good advice but was a huge source of stress/arguments with my OH

themistake
themistake avatar

10533 posts since 20/2/06

30 Oct 2019 22:37
Currently looking to buy a ground floor/basement flat in a split Victorian house with one other freeholder.

The flat has sole use of the rear garden, we would only be interested in purchasing the property if we could do a single story rear extension.

This sort of extension doesn't require planning permission but could the other freeholder refuse permission?
Other houses on the road have rear extensions.

stoney
stoney avatar

17416 posts since 22/1/05

31 Oct 2019 05:17
Depends what it says in the lease. Normally it will say something like they can’t unreasonably without convent. Your solicitors will be able to confirm.also could hive the other gist a Knock and have a friendly chat.
stoney
stoney avatar

17416 posts since 22/1/05

31 Oct 2019 15:18
Just exchanged on a purchase today. Going to follow a similar renovation style to the last project. The windows are ok but not the colour. Mrs thinks you can have the frames painted or sprayed. Anyone got any experience of this ?
sydneyking
sydneyking avatar

4581 posts since 26/9/09

31 Oct 2019 15:34
Upvc you can, I’ve had a composite wood door sprayed but not windows. I think you can pretty much do any colour and finish you like
stoney
stoney avatar

17416 posts since 22/1/05

31 Oct 2019 17:33
Yeah upvc will save a load of can make it work
stoney
stoney avatar

17416 posts since 22/1/05

31 Oct 2019 17:59
*money
R
R avatar

13013 posts since 17/5/03

31 Oct 2019 21:33
upvc Sick!
InWonderland
InWonderland avatar

2658 posts since 8/2/07

20 Nov 2019 17:15
Anyone here clued up on Party Wall agreements?
Got some bint next door kicking up a fuss about our extension - writing to the council (after permissions been granted 3 months ago) to try stop all building work, trying to get all the tenants in her block of flats next door to join her coalition into not signing any agreement etc.
She doesn't even live in the property - lives in Bristol but is clearly quite unhinged.
andymakesglasses
andymakesglasses avatar

20227 posts since 26/1/06

22 Nov 2019 12:27
Will the extension be up against a wall between the two properties (i.e. a shared wall)? If not then there shouldn't be an issue.

https://www.gov.uk/party-walls-building-works/work-tell-your-neighbour-about
InWonderland
InWonderland avatar

2658 posts since 8/2/07

25 Nov 2019 15:40
Yes, it is. Its a terrace house which shares the wall with a block of 5 flats.
The woman has been sectioned now (!!!) so no idea what it going to happen.. the builders have already started and are digging foundations etc & just not touching the party wall for now..
andymakesglasses
andymakesglasses avatar

20227 posts since 26/1/06

25 Nov 2019 16:05
When you say permission was granted does that mean you notified your neighbours in writing and they consented?

Worst case scenario you'd have to go through the dispute resolution process with a surveyor appointed to decide on what's best. I doubt you've anything to worry about (although it is of course worrying).

https://www.gov.uk/party-walls-building-works/if-you-cant-agree
Rirawin
Rirawin avatar

9240 posts since 17/7/05

posted 25 Nov 2019 17:11, edited 25 Nov 2019 17:11
Do you have a structural engineer? if so they will/should be able to advise.

When we had one pop over to inspect and quote for removing chimney breasts, and possible RSJ supports, he pointed out things like the chimney breast themselves are not classified as party walls, despite being joined on/part of one, and therefore we were able to remove them without needing consent from our neighbours.
themistake
themistake avatar

10533 posts since 20/2/06

25 Nov 2019 23:09
InWonderland wrote: The woman has been sectioned now (!!!) so no idea what it going to happen..

You drove her to it.
Hope your extension is worth it.

But seriously, you will need their consent to touch that wall. So won’t you just be in limbo of an unattached
/ not joined extension?
Have you insured yourselves properly?
Best
Best avatar

9780 posts since 21/10/05

26 Nov 2019 20:05
Rirawin wrote: Do you have a structural engineer? if so they will/should be able to advise.

When we had one pop over to inspect and quote for removing chimney breasts, and possible RSJ supports, he pointed out things like the chimney breast themselves are not classified as party walls, despite being joined on/part of one, and therefore we were able to remove them without needing consent from our neighbours.

Have you taken advice from building control on this? I’ve received the opposite advice (Victorian property) from my engineer and Islington Building Control.

The cost to remove a double storey chimney breast went up from £2k with gallow brackets to £11k for steel beams etc. Decided against it in the end.