Right, so last week I went on My Very First House Viewing with my Estate Agent Stuart. We looked at four different properties, all of which were quite similar to one another- 2 bedroom terraces, all in the same part of town.
Unfortunately, none of the properties managed to tick all the boxes. They were all very reasonable properties, but in all cases, either one bedroom out of the two was too small, or the main lounging area was too small. I’m looking for a property that can ideally accommodate two adults with a platonic relationship, consequently requiring two adult sized bedrooms. The properties I saw would have been ideal for a couple with a child. I just don’t want to limit myself to a particular type of tenant (thinking ahead!).
Today I went and viewed another three properties. Again, all of which were 2 bedroom terraces, in exactly the same location as the previous four I viewed, and they were all with in my budget of £165k.
I saw a property I liked…
After having taken a close inspection of all three properties, I had taken a keen liking to one particular property. Obviously, I didn’t make that obvious to Stuart, my Estate Agent, or the vendor. During the viewing I tried my best to keep my firm poker face on (I’ve never played poker before in my life, by the way), hoping that my excitement wouldn’t glow through my cheap disguise. I think I may have looked slightly constipated as opposed to anything else.
Why I liked the property…
The house was ideal, and the best part is that it’s an end of terrace with potential room for expansion on the side, which gives it a nice edge over the other properties in the same street.
The property is tucked away in the corner, so it’s quite private. There’s also an ample amount of space for cars to park right in front of the house. The back garden is nicely sized, making it perfect for BBQ’s in the summer (Holy crap, I sound like a salesman).
The two bedrooms were very reasonably sized, both have enough space for double beds. The interior decor was neutral throughout, meaning I don’t have to do much work to the property.
Besides from a lick of paint in a few areas, and a thorough clean, I’m confident tenants could move in pretty quickly.
The asking price is £164k. In a few days time I will put in a cheeky offer of £156k.
The luck of Christmas
The property market is generally slow during this time of year. Ideally, no one would want to move during the Christmas and New Year period because life is already manic and costly enough. Who needs the added stress?
Anyone that has their property up on the market during the festive season is probably a desperate seller, so it’s easy to take advantage of the situation by making a cheeky offer. That’s the general theory anyways. However, the vendor could simply be a Jehovah Witness, meaning my cheeky offer may get laughed at.
Disclaimer: I'm just a simple landlord blogger; I'm not qualified to give legal or financial advice. Any information I share is my opinion based on my personal experiences as an active landlord, and should never be contrued as legal or professional advice. For more information, please read my full disclaimer.