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what people are willing to pay for.
That's only true for cash buyers, in the case of a mortgage the bank decides.
sohi-
Yep, sorry forgot to account for mortgage valuation. But there seems to be (or used to be before recent hikes) some wiggle room even within mortgage valuations. It would be good to know what their criteria are… in my limited experience structural surveys that include valuation are pretty similar to zoopla estimates and yet the house I mentioned above went for £35k extra in not particularly nice area and there is no potential for adding extra value or size as it has been extended to the max. with good quality materials and has a tiny garden (cat litter size). So again whatever floats people’s boats 🤯
frankohara
At risk of sounding obvious, I guess it depends on the quality of the works, as you mentioned, and crucially demand in the area. Property prices seem to be ruled for what people are willing to pay for. We recently refused to pay over 750k for a similar house after a survey showed some potentially serious humidity problems only to see it sold for o£800 6 months later… 🤔 knowing how stubborn sellers were, I bet the problems were still there 🤗