Post by duck on Jul 23, 2016 10:00:01 GMT
Following on from another post in another thread I took a walk down to this property this morning.
Things I noticed in no particular order ....
Firstly on the loan itself all 3 tranches are given separate LTVs (@27%, 23% & 8%) these need to be totalled @59% against the total loan.
There is no current planning applications on the local council portal, just 2 refusals, one for an extension and one for office accommodation in '96 & '99. This is a grade 2 listed building as noted in valuation so drawing up plans takes time (I've had a fair number of dealings with the council over the years and they can be far more difficult than others locally) .... you need to get it close to right first time. So no signs of serious building works or planning notices.
The house looks far better than the available photos, neat and tidy and some signs of routine maintenance. It is being lived in. It is secluded but as noted in the valuation the transport links are excellent. I would class it as desirable.
For those that don't know Bath property prices are high, if fact some of the highest in the country if you exclude central London. For instance I know of two separate 2 bed semi's in Weston (close to the house in question) which have both sold within a week of going on the market for £400K+. Both semi's need a complete re-furb (back to shell, one needs some roof work as well) so looking at the valuation for the property in question and the work that is noted to be needed I can find nothing that I would question.
Things I noticed in no particular order ....
Firstly on the loan itself all 3 tranches are given separate LTVs (@27%, 23% & 8%) these need to be totalled @59% against the total loan.
There is no current planning applications on the local council portal, just 2 refusals, one for an extension and one for office accommodation in '96 & '99. This is a grade 2 listed building as noted in valuation so drawing up plans takes time (I've had a fair number of dealings with the council over the years and they can be far more difficult than others locally) .... you need to get it close to right first time. So no signs of serious building works or planning notices.
The house looks far better than the available photos, neat and tidy and some signs of routine maintenance. It is being lived in. It is secluded but as noted in the valuation the transport links are excellent. I would class it as desirable.
For those that don't know Bath property prices are high, if fact some of the highest in the country if you exclude central London. For instance I know of two separate 2 bed semi's in Weston (close to the house in question) which have both sold within a week of going on the market for £400K+. Both semi's need a complete re-furb (back to shell, one needs some roof work as well) so looking at the valuation for the property in question and the work that is noted to be needed I can find nothing that I would question.