My offer was accepted a few months ago but now not sure if I should go through with it!! I like it but it's not amazing or anything, it ticks the boxes but I could have to move cities in a few years so these issues worry me as to how easily I could sell it on!
FLAT ISSUES
It's share of freehold but its been running at a loss for the last 3 years - about £900 per flat and no sinking fund as its now all been eaten up.
Works due to replace just the guttering and that is estimated to be about £700-800 per flat.
They've put in a wooden floor and that's a breach of the lease, so I could be forced to change it at any time and get annoyed neighbors. It makes me feel like i would have to walk on egg shells in my own flat.
The flat has liability for a private road that's in need of being resurfaced.
All the windows are 30+ years old and the frames look like they need replacing.
Budget brand boiler was put in 6 years ago, they say it's been serviced but won't provide any evidence.
There's aproved plans to demolish some garages a few doors down to build new flats, and they could block out some light
No parking
No lift and on 3rd floor
Zoopla says it's worth £30'000 less than my offer and the zoopla estimate doesn't even account for the new bathroom and kitchen they put in
Is this normal or even expected for a flat? Will it be a liability to sell on?
FLAT ISSUES
It's share of freehold but its been running at a loss for the last 3 years - about £900 per flat and no sinking fund as its now all been eaten up.
Works due to replace just the guttering and that is estimated to be about £700-800 per flat.
They've put in a wooden floor and that's a breach of the lease, so I could be forced to change it at any time and get annoyed neighbors. It makes me feel like i would have to walk on egg shells in my own flat.
The flat has liability for a private road that's in need of being resurfaced.
All the windows are 30+ years old and the frames look like they need replacing.
Budget brand boiler was put in 6 years ago, they say it's been serviced but won't provide any evidence.
There's aproved plans to demolish some garages a few doors down to build new flats, and they could block out some light
No parking
No lift and on 3rd floor
Zoopla says it's worth £30'000 less than my offer and the zoopla estimate doesn't even account for the new bathroom and kitchen they put in
Is this normal or even expected for a flat? Will it be a liability to sell on?