Wood?!?! Is it a beach hutAnother update! We went to see another house this morning. Unfortunately it wasn't for us. It was made of wood and had a flat roof and looked very rotten on the outside, which worried us. Estate agent said it's already under offer. It's been on the market for less than a week. If they want to buy a house made of wood, more power to them.
It looked like a Butlins chalet.Wood?!?! Is it a beach hut
I know beggars can't be choosers but we have to draw the line somewhere...Still a bargain, compared to down here in the Home Counties! We own a large new build 2 bed semi which cost over £300k!
New build 3 bed semi with a drive near me is anywhere upto £500k
I look at properties in Ireland weekly & I love seeing the spooky buildings!! We’re looking at big houses with land and they’re always so beautiful and far more… sympathetically (if that’s the right word??) decorated complementing their lovely period features than the big houses in England which are usually utterly foul. Just have to convince my husband
£200k+ used to be what the average 3-bed semi would go for in my area of the West Midlands. Now they’re going for £300k+ and the 2 beds that were usually around £120-150k are now £200k+. I can’t get my head round it. Unless we get a huge windfall there’s no way we’d be able to buy round here. I’ve almost given up on the idea as it seems like we will never have a big enough deposit.
You'd be lucky to get a very average three bed semi for less than £450/500K near me, and where I am from and had to move away from to buy it is more like over £600K. It is crazy!
Yeah, it was the best part of £400k
I ended up just putting in the asking price as when I spoke to them they asked for final and best offers. It’s leasehold £125 a year with 230years left.
Does that cover ground rent and service charge? Have you seen a copy of the lease too? There could be something in there putting people off
Hang about it’s a house then that is surely freehold?
It’s a leasehold house. I have read though that apparently after two years you have the right to buy the lease if you want so least there is that option. But they said it won’t increase so I think should be fine
You have the right to extend the lease after two years, buying the freehold isn’t always the same.
Yeah it was all a farse by housing builders and there were some which meant they couldn’t sell or remortgage and were stuck I think. It was to make more money!
Especially now it’s going to be banned, the house builders that own the leaseholds will want to make some money now they can’t keep that particular scam going
