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The seller has estimated repairs/remedial work between £200k to £300k.
Presumably this is the money required to turn it in to a baller house rather than just fix the shit that's broken because of some dumbass leak?
Howard-
It’s not clear where they got this figure from and what finish it relates to. EA said it was their and the seller’s estimate but gave no other reasoning.
The layout needs a major change too.
Seller not budging on price so doubt we’ll get it.
Wants £900k+ but houses in the area are worth £1.2m max - and prices are dropping a bit here now. Numbers don’t add up.
nankatsu
The surveyor will sell us the original report (conducted 2 weeks’ ago) for 50% of the original - so around £750. Legally it’s the same as instructing him ourselves and he says we can call him “as many times as we like” for help/advice. He’s a friendly chap so when you consider the whole package it’s a no-brainer if we do put an offer in. Plus he said there’s a 4-5 week wait for surveys at the moment.
It turns out the seller conducted a report into the wall/ceiling cracks in summer LAST year which the EA sent us after I asked about subsidence.
There were some recommendations and judging by the state of the property none of them were followed up.
It appears to say there’s only a little bit of subsidence...
How concerned should we be?
The report also reveals there has been a leak above the second floor bathroom for at least 18months which has got considerably worse. And the damp basement.
The seller has estimated repairs/remedial work between £200k to £300k.
The previous buyer was told this but then bailed after the full survey...