We make an offer on an ex council 2 bedroom flat.
Having recently failed in our attempt to purchase a 1980’s, 2 bedroom mid terrace house, we have been looking to see what other suitable properties may be available.
My wife has spotted a 2 bedroom, ex-council flat for sale:
This property was also for sale with Clyde Property, so it also looks like a repossession and is at offers over £38,900.
From the photographs, the property looked in good condition, with a nice looking Living Room:
A nice main bedroom:
A well presented 2nd bedroom:
And a good sized rear garden:
So the main issue was that we first noticed the property on the 10th September 2013 and a Closing Date had been set for 12 noon on the 12th September 2013.
When we contacted the seller’s estate agent’s to arrange a viewing, we were informed that no further appointments could be arranged. If the seller’s estate agent were not showing the property to all potential buyers, how were they going to ensure they got the best sale price?
This is one of the many reasons as Buy to Let property investors we think “estate agents are useless” and “Estate agents are a waste of time”.
We told our solicitor to put an offer in on the property ex-council flat in mine and my wife’s name. It has a home report value of just £40,000, but as a rental income around £425 – £450 and a similar property across the road was for sale in excess of £70,000. Although this was an ex-local authority property, it was ideally situated for the town centre and also the train station.
We told our solicitor to make a bid of £43,110. At offers over £38,900, we thought this would be a good bid and had a strong chance of being successful….
As always we are pretty flexible to suit the seller on the completion date and are also chain free, so this should be seen as a strong offer on the property.