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jude_o

Basement Flat Vs 1St Floor Prices

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hello,

I am looking a a first floor split level 2 bedroom flat in North London. It in a Victorian terraced house, very dated, would need quite a lot of work to get it in a nice decorative order. A flat just a few doors down has just sold for £250,000, it is a lower ground floor flat, but newly decorated. Same style building, roughly same size, both have gardens. I was just wondering how prices should compare? How much less do basement flats normally go for?

Thanks,

Jude

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hello,

I am looking a a first floor split level 2 bedroom flat in North London. It in a Victorian terraced house, very dated, would need quite a lot of work to get it in a nice decorative order. A flat just a few doors down has just sold for £250,000, it is a lower ground floor flat, but newly decorated. Same style building, roughly same size, both have gardens. I was just wondering how prices should compare? How much less do basement flats normally go for?

Thanks,

Jude

Depends on how dark it is, if it's been opened up & is a nicer property it could sell for more. Usually they are bigger as there is no starewell going upstairs.

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hello,

I am looking a a first floor split level 2 bedroom flat in North London. It in a Victorian terraced house, very dated, would need quite a lot of work to get it in a nice decorative order. A flat just a few doors down has just sold for £250,000, it is a lower ground floor flat, but newly decorated. Same style building, roughly same size, both have gardens. I was just wondering how prices should compare? How much less do basement flats normally go for?

Thanks,

Jude

Sometimes quite a bit less. 25% is not uncommon, up to 50% not unheard of.

The demand for LG flats is tiny, only about 10% of the market will even consider them

tim

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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