Owning your own home

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  • Great tip, thanks!
    All the dealings are via email at the mo so that gives a lot of scope to tell a story.

  • can also put a card through the door. I have put multiple offers forward and never sure how much the EA passes on.

  • Bobble's Nth Bristol case study and plea for hive advice. Viewed this today .
    Been owned by a landlord for 20-30 years who is selling a few rentals off as they move abroad.
    This is the list of what I think it needs:
    -new kitchen
    -new bathroom
    -floors addressing (EA was saying maybe can't have exposed floorboards due to people below you...)
    -electrics/lighting looking at
    -new windows at the front (lounge and kitchen, stained bathroom one also needs work) - original single glazed sash can't be good in the winter

    Seems like a good buy to me even at the asking price; one of the rare flats in Bristol that you could add value too and because it isn't immaculate, wouldn't be competing with people who want to move straight in.

    Next to a busy ish road but it isn't that loud and the bedrooms are on the back side. Comparables are listed way more here, here and literally a few doors down here

    Could hang 4 bikes between the master bedroom and the lounge with only the inconvenience of one flight of stairs to get them down.

  • They are legally obliged to pass on all offers

  • They are legally obliged to pass on all offers

    Yes. And you can guess how much that legal obligation matters to many Estate Agents.

  • Don't think they're allowed to disclose offers but they do, though got to take it with a pinch of salt.
    Regarding passing stuff on @Ifonlyiwerebelgian I just meant around how much effort they go to relay the words I've written in the email around motivation/position/finances/plans etc

  • Any thoughts on the flat at all? Cheers

  • In Scotland you get a home report along with the listing that any bidders get to see - it's not perfect but it gives you an idea of the underlying condition.

    Don't you have that?

  • Is anyone else just sitting pessimisticaly waiting for thier House sale/purchase to fall through?

  • Single glazed sashes might not be that bad in winter. No way a deal breaker imho and I think double-glazing is rather oversold. Some of ours appear to be original 1860's glass and we face the sea. Had them re-furbished such that any rotten wood replaced and the odd pane replaced and puttied, draft excluders fitted, new ropes/weights. that kind of thing and they're just fine in winter. Much cheaper than replacing them. Busy roads are going to be a lot quieter in 15 years.

  • Looks decent, definitely a different vibe living up in Clifton than Easton/Greenbank. I’d imagine you would have been paying a similar price for that flat a few years ago, but what you would be paying for a house in Greenbank is double what you’d be paying a few years ago…. If that matters.
    If I was you, I’d go for Clifton, try it out. If in few years you want a Victorian terrace in BS5, move. Nothing is forever. Also I expect you could rent that flat as a whole very easily for £££

  • Noob question - if I'm submitting an offer with associated gubbins to the estate agent (proof of funds, MIP etc) should I be redacting stuff from it, like account numbers etc?

  • In England you get a lick of fresh paint over all the issues and a 'take it as you see it' attitude.

    Sounds more civilised north of the border.

  • Only thing I would want to check is whether all the neighbours are students who party on weeknights

  • Nope not that I've seen in my 4 months of looking/offering. Did get one survey where someone had pulled out as the house was fucked

  • Cheers good shout. Gonna probs doorbell them later to see

  • Cheers that's ace. The kitchen one has a broken pane too. The back windows are double glazed but modern looking rather than sash replacements.
    Would double glazing make it much quieter? There isn't much road noise and it's only 20mph but it was there

  • That's what I'm leaning to cheers. Spend the rest of my twenties up there then move in maybe 5 or so years when other things might matter
    My friends mostly live there and one of them has just moved into a 1 bed and it's lovely
    *Spelling edit

  • Couple of things that would concern me:

    The main one being that the kitchen looks too small to usefully do anything with....

    Other than that - parking will be a pain.
    Do you not want some outdoor space?

    Sash windows are fine, so long as you have decent curtains and/or shutters.
    upvc windows in old buildings cause more problems than they solve and look shit.

  • Looks a nice place.

    Hard to tell from the pictures but you should hopefully (and ideally) be able to just refurb the existing windows rather than replace. I wouldn't worry about the single glazing, bigger issue is getting them sorted so there aren't any drafts, cutting down noise, etc

    Have a think about the kitchen. My last flat had a similar sized kitchen (although slightly squarer) and it was a bit annoying, particularly the lack of worktop and storage space. I coped ok for 10 years and I do tend to cook properly most nights but worth bearing in mind.

    Also consider whether you're happy with leasehold. In a block like that you may well have restrictions on what you can do (style of windows for instance) and knocking down walls (to open up the kitchen for instance) would probably be a no-no.

  • Unvented cylinder and a couple of new rads going in today. Old tank on the right, obvs.

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  • good points cheers (and @aggi)

    Outside space: Opposite the downs (massive park), some bits of which are private so not that bothered about outside space.

    Parking is a compromise - would be a pain but I only move my car once a week or so. So it isn't a daily battle.

    Windows: EA was saying you would not want to change the windows. Only refurb them up to scratch. Wouldn't need blackout blinds/shutters as it's the lounge but would do something - though not overlooked at all.

    Kitchen - agree small and couldn't do much. However, will be max 2 people living there and hopefully not cooking at the same time so I think I'd be okay? Especially if replacing it, can keep it minimal.

    leasehold: the estate agent sold the top floor (upvc windows) for 410. They sent me a copy of that lease. No pets, need management company permission to do wall stuff (a guy down the road owns the freehold, but the 5 flats run the building). Not sure if they'd allow it or removing a stud wall. No noise 11-7, no causing a nuisance. Which, depending on how you interpret it, could mean no having wooden floors? I'd want to do that in the lounge.

    I went in at 350, didn't get a no but they did ask me to increase it. Will do DD on neighbours tonight and go back 355 or 360 tomorrow. I think 360 is top if top floor went for 410 pre stamp duty deadline, has a bit of roof and has 2 bathrooms.

    Only real concerns are the people above (could be students), how restrictive the lease is and the fact that the owners have had it since 1996 without really going in it. Lots of risk therefore on my refurb costs having no clue on the state of electrics etc

    *edit - top floor made a second bathroom

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  • *edit - lease is here. 800 and something years, 500 p/year service cost, 5 flats split and run it. However, the freehold of this one and the neighbouring 3 is owned by a guy who lives down the road.

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  • Lease looks perfectly reasonable to me - usually a requirement for carpeting is explicitly stated, it'd be hard to prove annoyance from not having it, but it is socially polite to be mindful of how loud it can be to the downstairs neighbours.

    Do you know who the freeholder is? They can make your life a misery.

  • I haven't been following this thread but a few people mention you have been looking at Easton as well.

    The Clifton flat looks good and I would go for that over anything in Easton or the surrounding area.

    Easton has improved its image loads over the past few years but there are still relics from the past.

    Clifton is a much nicer part of town but I guess if making money is the objective then Easton may give greater returns. St George is also a good place to make money (but would still rather live in Clifton).

    My view my be tainted by having grown up in the Bristol area!

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Owning your own home

Posted by Avatar for Hobo @Hobo