Housing Market Bungalow Sale: Price Drop or Wait? (5 Viewers)

[Coastal Cruiser.]

A brand new 4 bed detached with double garage are coming in around £300k

Around £750-850k down here on the South Coast , that is the price you have to pay to see the sun 365 days a year

 

[lorger]

Around £750-850k down here on the South Coast , that is the price you have to pay to see the sun 365 days a year

Do they use gold nuggets instead of bricks joking aside how does a normal working person afford that, I can’t even imagine what the repayments would be on that.

 

[Coastal Cruiser.]

Do they use gold nuggets instead of bricks joking aside how does a normal working person afford that, I can’t even imagine what the repayments would be on that.

I don’t know how they afford houses, a 3 bed started home is over £400k I suppose a lot get help from bank of Mum & Dad same as my 2 will get/got as if not they will be living in rented.

 

[Dutch 68]

Your house is lovely but for that money up here I’d be expecting minimum of 4 bedrooms, I hope it sells as I’m sure where you are it’s worth the money. The housing market really has gone crazy, I thought houses here in Dumfries were going crazy. A brand new 4 bed detached with double garage are coming in around £300k and I thought that was expensive. We just downsized to a two bed bungalow in a lovely small estate and it was around half yours.

Good luck

Here in Cheltenham they just released some nice 2 bedroom apartments , good specification finish , prices from 650.000 , it’s called the Exchange ( on parabola road )

 

[buttons]

I don’t know how they afford houses, a 3 bed started home is over £400k I suppose a lot get help from bank of Mum & Dad same as my 2 will get/got as if not they will be living in rented.

None of it is cheap, 3 bed semi adjacent to my daughter just purchased for 600k plus. It was put straight on the rental market by the new owners; it took just a week to be rented at £2400 each month. That's a big chunk of monthly outlay.

^{_{Subscribers  do not see these advertisements}}

 

[PeterCarole29]

Thats very good of you, I gave the offer a little thought and decided that I would open It up to all, you never know I might just get the golden nugget of advice that I may be missing.

Just a bit of info' first.
I am buying the other bungalow (down sizing) with vacant possession on completion (empty now) for the location and price.

I have had three properties rented out for 18 years (pension) all sold 2021.
Bought and sold at auction several times over the years for ourselves and to flip them.

I am ok holding on to ours for a while but the wino's musings are spot on:
"Not quite because that assumes that reducing it by 9k now would result in an immediate sale. The question is how much would a reduction need to be to hasten a sale and what would it reduce the selling time by"
Anyone got the mathematical equation for this


If all else fails I can always put it in the auction, estimate from them is £325.000 I would be disappointed at that but It Is a safety net if needed.

Link to particulars

Check out this 2 bedroom detached bungalow for sale on Rightmove

2 bedroom detached bungalow for sale in Derby Road, Chellaston, DE73 for £395,000. Marketed by Hannells Estate Agents, Chellaston

www.rightmove.co.uk

Please be gentle with us as we do love what we have created here and would stay if circumstances were different.

Again thanks' for the posts, very interesting so far.

A great idea

 

[lorger]

These prices blow my mind, here’s an example of what you can get up here for that money

https://www.zoopla.co.uk/for-sale/details/65130072/?search_identifier=4abac7e984ceb8426b948d8342ea82a3c96506c6b94b60ee4de393fb7e1c402f

https://www.zoopla.co.uk/for-sale/details/65762728/?search_identifier=4abac7e984ceb8426b948d8342ea82a3c96506c6b94b60ee4de393fb7e1c402f

https://www.zoopla.co.uk/for-sale/details/66296688/?search_identifier=4abac7e984ceb8426b948d8342ea82a3c96506c6b94b60ee4de393fb7e1c402f

And a cheaper starter homes

https://www.zoopla.co.uk/for-sale/details/67199820/?search_identifier=9c69430d61262b99e7d04d71053ac28b44a12b83f54703f82a1de6cc0cb3ffae

This one is next to our daughter, she has a boyfriend but owns the house herself, she has a good job with a wage well above the national average and she still moans about the cost of owning a house

https://www.zoopla.co.uk/for-sale/details/67238881/?search_identifier=f646139ffab14b95c1fff9f5022f46c571f4f607a8c90221e63e58f1f4fc5c9e

 

[Scotch mist]

Thursday night Decided to sell a 2 bed semi (ex council) we are living in while building a new house , spent 4 hrs cleaning & taking pictures, put it on Facebook marketplace (free) , fixed price , sold in 1.5 hrs
Guy hasn't viewed it yet , in saying that I bought it without viewing it

 

[Lenny HB]

Blimey that is cheap as Mark says not much off first time buyer territory down here. My daughters tiny 3 bed terraced house is £325 to £350k.

 

[whiskyman]

Your house is lovely but for that money up here I’d be expecting minimum of 4 bedrooms, I hope it sells as I’m sure where you are it’s worth the money. The housing market really has gone crazy, I thought houses here in Dumfries were going crazy. A brand new 4 bed detached with double garage are coming in around £300k and I thought that was expensive. We just downsized to a two bed bungalow in a lovely small estate and it was around half yours.

Good luck

We are staying local but we're looking to move to Devon near my sons place. We looked at Bideford and Barnstaple but the prices are eye watering for anything descent, also the cost of living seems higher.

^{_{Subscribers  do not see these advertisements}}