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Thanks for the sage words!
We spoke to some of the neighbours and struggled to get a clear idea on what and wouldn’t be permitted. We still really liked the place after a second viewing, and did some more intensive research, but concluded it was a wee bit too much of a gamble. Such a shame as it’s a cool block but not quite right for our circumstances.
In the end, we decided to put an offer in on a really nice flat at the bottom of Clifton Vale, which was accepted. This is a much safer bet with the council as the freeholder, which has made it so much easier to get answers to questions. And it has two private bike stores! Things are moving at pace and, all being well (ha!) we could be in for January. We’re very happy with the decision we’ve made.
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JacqueLucque
bobble
Not been on the thread for a while.
That looks like a good buy from a quick look on the train just now. I live nearby and in terms of price p sq m looks absolutely fine. Garage is worth 20k on its own or £150 ISH p month. You can accurately work out what a place like that is worse in the condition by looking at sold prices of comparables in the area. Checking out the lease is a good shout - try and get a sense of is it well run and is maintenance done proactively. Much better than a modern lease where you can be paying the developer £200+ per month for not very much at all.
In terms of the heating thing, heat pumps not my area of expertise but I think they need to be 5m away from a neighbouring bedroom?
On the cost of renovating it and so on, if it's not a forever or long term home, depending on your philosophy you probably don't want to spend more than you'll get at the end. I've probably broken even with my place but I'm saving / paying myself back £££ p month by not renting which I didn't really factor in. Bristol trades can be expensive too (though not all of them). Having family to help is a plus. Advantage of a project is can do stuff as and when.
Don't let needing to move out of your rental place be a significant factor in what is a huge purchase. Lots of rooms come up if you need somewhere to live short term, even in the Bristol shit show. Saw one on npcc discord a few days ago.
Edit - says sold so good luck if you got an offer accepted and do go speak to neighbours! How long have they been there is a good metric