You are reading a single comment by @Oliver Schick and its replies.
Click here to read the full conversation.
-
I don't know anything about mortgages, so didn't know ripping out a bathroom and kitchen had that effect. I mean, I wouldn't say that the consents are necessarily worth the difference in price (I can't imagine they cost that much), and it's been on the market since September, so it doesn't look as if there's been a stampede of buyers.
They might well be sensitive and necessary changes but they also, I suspect, in the process of doing what work they have, have made the property unsuitable security for a mortgage by ripping out the bathroom and kitchen. So it's really only one for the builders or developers anyway. And they aren't in the habit of paying over the odds.
Whether they manage to get what what want for it because of the consents they have obtained is another matter.