What's my bungalow worth on the open market?

dekski


Joined: 08/11/2008
Posts: 142

Message Posted:
21/03/2012 20:17

How much would you be willing to pay when I put my bungalow on the market - it's for sale. A three bedroom 100 sq m house with about a 40 sq m patio. Swimming pool and well kept drive way with low maintenance small garden. We're in Alsancak just off the road to Malataya before the Black Olive in a small friendly development by Kavangla a well trusted builder. We have our PTP and a shared title is available right now. It can be moved into right away and has all the furniture you need to start you off as well as white goods that have hardly been used! This is a no problem bungalow on a great site with all the services already connected. Here are some photos for your perusal or if you want to put in an offer call any of the following numbers : http://postimage.org/gallery/51j728u/

email dekski1@gmail or call 0533 8357908 or 0533 8315291

rowlo



Joined: 12/10/2008
Posts: 4796

Message Posted:
21/03/2012 20:34

maybe you should ask yourself how much do i want for it .

ranger5


Joined: 29/03/2011
Posts: 151

Message Posted:
21/03/2012 20:41

Yes, come on Derek, give us a clue!

hawkeye


Joined: 12/09/2010
Posts: 334

Message Posted:
21/03/2012 21:10

have you not thought about looking at local estate agent sites. We sold ours In july 2011 and it was 158 sq mtr bungalow, 8 x 4 pool double garage large driveway. Title for both property and land, partly furnished, large water storage underground house water plus and we managed to squeeze 135K. It does cost though to sell, our costs almost 9K for agent, goverment extra tax!!!???? of which we never new we had to pay evidently a new tax that cam into force last year - we had paid all taxes due. Then for taking our stuff back to UK. Its nolt cheap. In comparison in UK its approx £2000............ We did not make any money on our place though we lived rent free!!! so calculatring that into the equation we made the rent for 6 years.

dekski


Joined: 08/11/2008
Posts: 142

Message Posted:
21/03/2012 21:59

Well I think the houses are worth six digits at least ?

Sideways



Joined: 21/01/2009
Posts: 529

Message Posted:
21/03/2012 22:26

Six digits at least ???? Not for 100 sq.mt.

In TL maybe but not GBP.

ttoli


Joined: 24/03/2007
Posts: 1172

Message Posted:
21/03/2012 22:35

Things are selling at the moment, but as ever Its a buyers market and you have to be realistic with the pricing,I'd have said £80-£90k tops

Honeybee


Joined: 09/09/2011
Posts: 39

Message Posted:
21/03/2012 22:45

100 sq mt does no sound very much for that property?? My apartment is 102 sqmt and yours look bigger!!! I would be happy to get £45,000 for my ground floor 3 bed apartment in Alsancak, although only has a shared pool and not detached.

eager


Joined: 23/02/2007
Posts: 1272

Message Posted:
22/03/2012 01:47

Its a very small place, ..would think about £60.000

reyntj


Joined: 26/01/2011
Posts: 229

Message Posted:
22/03/2012 09:17

yes from other sale prices on estate agents sale price 80 -90 k less whatever you get offered ie buyers arent going to pay asking price.if you look at various sale prices the only area where prices are are £1000 per meter is bellapais .you are not in bellapais you dont have kochan and you are on shared deeds both of which will detract from the value or potential buyers.a sensible price will be 90 k if you dont get any buyers drop it to 80 k and expect to get 90 % of asking price less costs

dekski


Joined: 08/11/2008
Posts: 142

Message Posted:
22/03/2012 10:45

Well thanks for the advice so far, what a range of prices - makes me wonder. The good location of the houses must be worth something and the no hastle 'move in' must be attractive as well. I'm thinking the bungalow must be worth £95k but you've got to see the place in person to apreciate that figure because of the outside usable space. Also, I've just noticed the same house on the net for £95k and ours is in my opinion a better buy. Anyone out there wanting a bargin - we're open to offers?

Jonesy299


Joined: 07/02/2009
Posts: 367

Message Posted:
22/03/2012 10:59

I think the advice you have been given on price is just about spot on. The difficulty with comparing it with others on an estate agent's site is they may have overpriced themselves too (that's why they are still on the site).

However, it is always the 'feel' of a property that clinches the deal and I'm sure if you get some viewers to walk around your property they may well fall in love with it and pay the premium. Lots of Easter holidaymakers due soon (and there is always a proportion who are looking at their 'Place in the Sun' opportunity).



Good luck

cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
22/03/2012 18:38

my neighbor turned down 110k for 3 bed room 150sm bungalow with pool in catalkoy

thought it was reasonable offer in current climate

gemini39


Joined: 16/09/2011
Posts: 89

Message Posted:
22/03/2012 18:57

Is there a website in TRNC showing prices that properties have actually sold at and in what districy/area?

martinD41


Joined: 06/09/2010
Posts: 3001

Message Posted:
22/03/2012 19:04

Given the overall build quality of so called Luxury Villas, I would think you are lucky to find a buyer at any price..



Why not advertise it as a" Luxury Lock Up Garage" the Government need somewhere to put their recently acquired fleet of 10 Mercs and a Range Rover..

horselover48


Joined: 09/09/2010
Posts: 65

Message Posted:
22/03/2012 19:15

MartinD41 Bit harsh to say the least, it may Stretch to a Double !!!

dekski


Joined: 08/11/2008
Posts: 142

Message Posted:
23/03/2012 08:25

Does reducing the price help at all or make it look as if your desperate?

davpat


Joined: 23/08/2011
Posts: 225

Message Posted:
23/03/2012 11:31

Whether you are desperate or not,the buyers set the price,but I think,having been studying the For Sale market for the best part of the last year,£70/£75K would be a good price to start with,but be ready to negotiate,I have seen properties at £125K,sell for £109K,almost a £15K price reduction!



Good luck anyway



David

dekski


Joined: 08/11/2008
Posts: 142

Message Posted:
23/03/2012 17:08

Last post!



HOUSE FOR SALE



I've been told to put the house on the market for ..... £89,950 Now that really is a bargain.