housing market is crazy just now so while it’s listed as that, with the offers over system I’d bet theyll get around £250k
Nah they’ll get closer to 300k! The valuation will be around 220 and it will go for minimum 20% over that! The market in Glasgow right now is moving fast and furious and there’s also very few flats of that nature coming to market (with the features and good floor plan ie kitchen diner)
I still think it's listed for low price. I didn't see them list the flat, because my rightmove search was from £200k+. Based on what else is listed in that area with crappier reno.
Rightmove often doesn't track the previous price correctly especially for flats
They paid 168500 in April 2019 and installed central heating and did full renovation. They only listed it at 195 to put it into the lower price bracket for search purposes so it appears to a wider audience. Not uncommon at all. A flat listed at 145 weeks ago ended up selling for 210+ and places listed at 199 can well go up to 300 depending on the spec and design
Also worth mentioning that the home report valuations are quite conservative as it’s about how much the bank should lend for mortgage purposes. It’s a known thing to offer over the home report price (anywhere between 10-25k over the listing price) usually in percentage increments like 10-20% for desirable flats and locations. Now in the competitive market it can be more like 30% if the place has lots of interest. I’m going through it right now.
Seems like crazy prices compared to some of the previously sold prices of any given area or road but it’s happening across the world right now for some reason
at least Glasgow is still ‘affordable’ compared to some other cities
