Owning your own home

what do you even do with something like that? tear it down and start again or take it all the way back to brickwork ?

and no I am not buying it :-)

https://www.rightmove.co.uk/properties/152842229#/?channel=RES_BUY

If anyone fancies selling their terraced house in Leyton/forest g8 with 20ft garden and swapping it almost pound for pound for something a little bigger you could do a lot worse than this.

1. Fix roof.
   
2. Repaint.
   
3. Let it out.
   

What sorta money would something like that be worth done in catford?

Just had EICR done, was partially dreading it but turned out pretty much fine.

No cabling needs replacing (so no old vulcanised rubber). A few sockets and light fittings need tweaks here and there.

Current fuseboard needs replacing (obviously) since it's from the 1980s but otherwise it's fine. All of the sockets in the entire 3 bed flat are on a single ring but they're not that fussed with that as we don't have much huge loads anywhere apart from the kitchen. They're happy with the existing oven that's plugged in to a socket (since it's <13A).

It'll be a good excuse to get a bunch of stuff done and a bit of redecoration.

EPC F? your fuel bills will be spicy.

Yeh would be a monkey a month to heat that place at a minimum id say. And you'll still be cold.

Yep, back to brick, replace rotten joists, reconfigure, insulate, first fix, etc... years of work (for me)!

From a quick look at the sold prices on the road my guess is about £1 million.

It's also suffering subsidence though which is possibly why it's on the market. Probably expecting a high price too as properties like this would normally go through the auction process.

Isn't it an auction listing? Seems to be taking place at the end of December.

Yes, it is, missed that!

If a property was listed as two bed, with the second bedroom being in a loft conversion, but (unbeknownst to those partaking in purchasing it at the time) not built to fire safety regulation, (the room needing a partition, ie. wall, door, to prevent fire getting inside) the property is basically a one bed with loft space? Anyone know of these matters or rules regulations regarding bedrooms in lofts?

Yes, well established rule.

The soliton should have discovered and highlighted this discrepancy to the purchaser.

The solicitor? If the property was listed by the EA as a two bed, then further down the line the issue brought up, and the buyer pulled out, would the EA be held responsible for reimbursing any initial costs (searches, surveys etc) the buyer paid?

Is anyone at fault?

Surely this what searches are for.

If I were to hypothetically house someone in a garden shed, unbeknownst to them and myself it is illegal, whos due diligence is at fault?

If the property was listed by the EA as a two bed

In my experience most estate agents know fuck all about building regulations and the like (or anything else you'd expect them to know about to be honest).

Their client told them it was a two bed so that's what they went with.

Not enough space for my bikes, I'll pass.

If you let the estate agent list it as a two bed knowing full well the loft wasn't a 'real' second bedroom without raising it, then you can jog on. If you said something and the agent did it anyway and told you not to worry about it I'd kick off.

My opinion of EAs is about as low as it gets but they're usually good on this as it's just a waste of everyone's time as it will definitely be found out.

If you're the buyer then you can kick off with the EA but I don't know what good it'll do, that's why you searches etc.

To pick on the first sentence, yeah not sure what sort of person who would know something then continue to wastefully expend energy and time on something they knew in the first place...

Some people are chancers, they'll go for it in the hope that it'll either not be picked up or if it is they'll be able to resolve it when the time comes.

Conveyancer recommendations? Moving from leasehold flat to freehold house. Both in se6.

As i mentioned in the Guitar thread, the estate agent who was showing a potential buyer round my flat, took my guitar and then left the country.

When my wife sold her flat, she lost a buyer (they made an offer) because the estate agent told them it was freehold, when it was leasehold (albeit on a 999 year lease).

with the second bedroom being in a loft conversion, but (unbeknownst to those partaking in purchasing it at the time) not built to fire safety regulation, (the room needing a partition, ie. wall, door, to prevent fire getting inside) the property is basically a one bed with loft space?

More or less, but the property itself hasn't changed in light of this new information. Whatever good the buyer saw in it still exists, maybe with the addition of a stud wall and a fire rated door, which is fairly small beer in the grand scheme of things. Opportunity to negotiate the price downwards I would have thought, but a bit of a red flag. Buyer beware.