Hi everyone, I’m a first timer buyer and looking for some advice…
my boyfriend and I are looking at flats in London, we have found a really lovely 2 bed, with a garden and separate living room and kitchen and it’s own entrance. The asking price is £500k. We went to view it, and it is really lovely, it is in the location we currently are renting in, so we know we like the area. The only downside, is that it backs onto the train line, you couldn’t hear the train when inside, but obviously when in the garden you can, so we are abit apprehensive about that.
Now this is where we are confused, we have looked online at the history of the property, and the current owners bought it in April 2020 for £461k .. since then, they have made the garden abit nicer, added fitted wardrobes, painted and added carpets in the bedrooms, but to me all of that is just cosmetic and tbh personal preference and doesn’t justify the Property being up for £40k more than 1 year ago.. when I look at other properties on the street, a 3 bed flat with a garden sold in December 2020 for £470k, a 3 bed terraced house sold in September 2020 for £480k. I just don’t think the price is justified.. and I know that we can offer whatever we want and what we think the flat is worth, but it just makes me question it..
I also wonder why they are moving after only 1 year, they have said that their family is expanding and so they are looking to upsize in the same area, they don’t have a kid already, so if they are having their first child, why would they not stay in the same flat, as it has 2 bedrooms
Just seems a bizarre thing to do considering they bought it 1 year ago.
we were told that they had an offer accepted on the flat 2 weeks ago, but those buyers pulled out, which makes me wonder.. why..
I just have a weird gut feeling about it, despite loving the flat a lot
what do you guys think?