Is a view not worth anything these days?
Discussion
Disastrous said:
Vocal Minority said:
surveyor said:
I'm fond of a sea view.
Taken from my grandparents bungalow in Portscatho 1978
Me also. I can stare at it for hoursTaken from my grandparents bungalow in Portscatho 1978
technodup said:
I can't imagine anything more boring than a sea view tbh. There's nothing there but greyness. I certainly wouldn't pay extra for it.
I disagree, particularly if the water is active in terms of sailing and general boat traffic. My old neighbour summed it up well as "moving wallpaper".Loved my sea view on the South Coast. But same fate when I sold, the agent allowed very little % to reflect it. Similarly, on the rental market, it yielded no more than a similar place without the (front line) sea view.
ColinM50 said:
You can value it at whatever you think is right, you don't have to take the EA's opinion on board. They'll always try to get it on for the lowest they can in order to sell it quickly.
This. Put it on for what you think it is worth but you may wait a while for the right buyer to come along. EAs are focussed on moving stock quickly, not achieving the greatest value. 
Murph7355 said:
What's amazing to me is that he can still be arsed investing in the area with the reactions he seems to get from locals about his overpriced chippies. But luckily for the locals he does 
You need to post pictures up of the view I suspect.
If you want to sell the house, you need to emotionally detach yourself from it and be realistic. You've had "experts" round and they've all given you the same figure with no collusion suspected. That needs to tell you something no matter what you might think the other property that sold did or did not have. It actually sold for 10k less than they're proposing marketing yours for. If you think their models/estimates are flawed, set up as an EA and make a killing
If you put the house on for 350k, how long will you last before you start chipping away at the price? Most buyers will be sifting online initially and at that price point (25k over what the EA thinks and 35k over a recent sale in the same area - 10%) there's a risk they will simply dismiss it and move on and buy something else.
Once you start chipping away at the asking price, those who might be watching it will see it coming down. And then you're on a loser. And it's easy to see online now when asking prices have moved/been re-advertised. So there's no hiding place.
Have you researched what else has actually sold for 350k in similar places (ie no "incomer" footfall etc etc)?
Sorry if the above sounds a bit blunt, but it's very difficult to detach emotion from house sales and purchases. And that causes issues of expectation management and end result.
We went to Rick Stein's chip shop (not the proper restaurant) in Padstow a couple of years ago. The prices were about a pound higher than the other chippy on the harbour. Massive queues, which maybe had a bearing on the quality of the food. It just wasn't as good as the other chippy. It's all about the branding, rather than the product.You need to post pictures up of the view I suspect.
If you want to sell the house, you need to emotionally detach yourself from it and be realistic. You've had "experts" round and they've all given you the same figure with no collusion suspected. That needs to tell you something no matter what you might think the other property that sold did or did not have. It actually sold for 10k less than they're proposing marketing yours for. If you think their models/estimates are flawed, set up as an EA and make a killing
If you put the house on for 350k, how long will you last before you start chipping away at the price? Most buyers will be sifting online initially and at that price point (25k over what the EA thinks and 35k over a recent sale in the same area - 10%) there's a risk they will simply dismiss it and move on and buy something else.
Once you start chipping away at the asking price, those who might be watching it will see it coming down. And then you're on a loser. And it's easy to see online now when asking prices have moved/been re-advertised. So there's no hiding place.
Have you researched what else has actually sold for 350k in similar places (ie no "incomer" footfall etc etc)?
Sorry if the above sounds a bit blunt, but it's very difficult to detach emotion from house sales and purchases. And that causes issues of expectation management and end result.
As an incomer myself (20 years), I'm not quite as blinkered as some of the locals. I can see the benefits that taking an area upmarket can have for employment, and for anyone with property to sell. It's not so good for anyone starting out though. South East housing prices, but most jobs are minimum wage. Hopefully Porthleven won't go the same way as St. Ives, which is packed in the summer, empty off season, with many properties locked up and empty.
Mum was interested in a bungalow just round the corner from me. A 2 bed that's been extended by converting the garage into a reception room. It's on the main road, and has a tiny garden. The house next door is derelict (roof taken off a couple of months ago, surrounded by hoardings), so a bit of an eyesore until works starts again. It's on the market at £265k. The houses either side of me have both sold in the past 2 years, for not much more. Bigger houses (4 bed and 3 bed) on bigger plots. The area hasn't changed, but Porthleven (5 mins away by car) has, and that's pushing the market upwards. Remains to be seen if it will actually sell at that price, or if the agents are just speculating.
Going by that £265k valuation, my house must be "worth" £300k+. I paid £205k 6 years ago, against an asking price of £225k.
I appreciate that mum has to be realistic, it's only worth what someone will pay for it. It was valued at £325k 3 years ago, by one of the agencies that visited on Monday.
Each and every property is different. Waterfront properties may command enormous premiums even over those with sea views. In other circumstances I doubt a "view" has much bearing on value but might increase the appeal.
In my experience many/most claimed "views" are a bit underwhelming even if the vendors consider them outstanding.
I know next to nothing about the specifics of the OP's mother's property but if he really thinks it should carry a premium he can either run with a modest premium with a decent local agent or swallow the up front fee and price as high as he likes through an online agency. Mostly they won't care what headline price he wants to market at. If that is his chosen route might I suggest he absolutely ensures the photography is top notch and emphasises this outstanding feature otherwise it will only appear online as an ordinary property with an extraordinarily high price.
And all he will have is his online presence.
Cornwall is notoriously seasonal, sadly. Which may be a bother.
Best of luck, OP. Keep us updated.
In my experience many/most claimed "views" are a bit underwhelming even if the vendors consider them outstanding.
I know next to nothing about the specifics of the OP's mother's property but if he really thinks it should carry a premium he can either run with a modest premium with a decent local agent or swallow the up front fee and price as high as he likes through an online agency. Mostly they won't care what headline price he wants to market at. If that is his chosen route might I suggest he absolutely ensures the photography is top notch and emphasises this outstanding feature otherwise it will only appear online as an ordinary property with an extraordinarily high price.
And all he will have is his online presence.
Cornwall is notoriously seasonal, sadly. Which may be a bother.
Best of luck, OP. Keep us updated.
MitchT said:
You'd have to post a pic of the view to give the discussion some context. It's probably not worth comparing with St Ives as prices there are bonkers, plus, the ex council house you refer to is in a premium spot with rather more of a view than "across a couple of fields to the sea" ...
This.Its literally on Porthmeor Beach which is simply stunning.
Plus itll be ten flats in no time at all most likely.
This place http://www.rightmove.co.uk/property-for-sale/prope... has been derelict for years.
Sold for £1.4 million this year
Purely down to the sea views.
Sold for £1.4 million this year
Purely down to the sea views.
boyse7en said:
This place http://www.rightmove.co.uk/property-for-sale/prope... has been derelict for years.
Sold for £1.4 million this year
Purely down to the sea views.
I might meekly suggest its value wasn't determined solely by its sea view. It's size and potential for development might have come into it. But obviously its position was very very significant!Sold for £1.4 million this year
Purely down to the sea views.
Besides this is quite a good example, to me at least, of a sea view adding to the appeal. A property from which the sea can be seen (from some positions), perhaps several miles away, on the horizon only, isn't even on the same page as a waterfront property like this example.
clockworks said:
I think the problem is that her village has not been "discovered" by incomers, so less potential buyers willing to pay a premium for views. Looking at the village on a map, you wouldn't expect to have such a view, as it's over a mile inland, and mostly in a dip.
How can it have views of both the Fal estuary and St Austell Bay if it's in a dip, a mile inland? I'm intrigued. You really need to post a picture of the view; a distant sea view is never going to be worth as much as a view from the edge of the coast.scenario8 said:
boyse7en said:
This place http://www.rightmove.co.uk/property-for-sale/prope... has been derelict for years.
Sold for £1.4 million this year
Purely down to the sea views.
I might meekly suggest its value wasn't determined solely by its sea view. It's size and potential for development might have come into it. But obviously its position was very very significant!Sold for £1.4 million this year
Purely down to the sea views.
Besides this is quite a good example, to me at least, of a sea view adding to the appeal. A property from which the sea can be seen (from some positions), perhaps several miles away, on the horizon only, isn't even on the same page as a waterfront property like this example.
I doubt it is to do with any planning risk down the line. The answer may lie most simply with whether the target customer base have the ability or desire to pay for a view?
For example, if it is in an area that is popular for tourism and London money then there will be an appetite to pay for that view but if it is an area or street which is just a normal area and lived in by normal, local workers etc then they won't typically be that interested in a significant premium for just a view as the functionality of the home is much more important.
For example, if it is in an area that is popular for tourism and London money then there will be an appetite to pay for that view but if it is an area or street which is just a normal area and lived in by normal, local workers etc then they won't typically be that interested in a significant premium for just a view as the functionality of the home is much more important.
Dug out some old photos of my view, apologies for the scanned quality.
Was my first place and I adored it. Watched some memorable events from there too, first sailings for a few cruise ships, the end of the Volvo around the World yacht race, (Dame) Ellen MacArthur steering Kingfisher back etc.
Was my first place and I adored it. Watched some memorable events from there too, first sailings for a few cruise ships, the end of the Volvo around the World yacht race, (Dame) Ellen MacArthur steering Kingfisher back etc.
A lot it is both hearing the sights, sounds and smells, along with a short walk down to the beach.Jobbo said:
How can it have views of both the Fal estuary and St Austell Bay if it's in a dip, a mile inland? I'm intrigued. You really need to post a picture of the view; a distant sea view is never going to be worth as much as a view from the edge of the coast.
The property isn't in a dip, the village centre and most of the houses are. Mum's house is up a hill from the village, on the back road to Coverack. From the back of the house, the next field is at a lower level, as is most of the land towards the sea. She has an almost 180 degree unobstructed view across open fields and the sea towards the Fal, The Roseland and St. Austell Bay.As you drive into the village, you can't see the sea. You can't see it from her road either. It looks like any other small '70s development. It's only from the back of the house that you have any idea. Obviously she can't see the shoreline close to her house, so it's not a waterside location.
This is the property, 5 or 6 years ago:
https://www.google.co.uk/maps/@50.0489852,-5.08504...
Never understood the idea of paying a premium for a sea view in Britain. It rains every other day and the wind howls and it is freezing cold 90% of the year or the sea is grey and the beach is grainy / rocky / dirty. Plus the endless tourists destroying any tranquillity in the summer and bringing waves of transient crime. Living by the sea is no fun.
There's a property (SSTC) nearby which has a decent photo of what must be a similar view: http://www.rightmove.co.uk/property-for-sale/prope...
It's nice, but if you price the view at, say, £50k rather than £10k, what other property may be available for that price? You can't see the sea from this one: http://www.rightmove.co.uk/property-for-sale/prope... but the views are still lovely and it's more individual.
It's nice, but if you price the view at, say, £50k rather than £10k, what other property may be available for that price? You can't see the sea from this one: http://www.rightmove.co.uk/property-for-sale/prope... but the views are still lovely and it's more individual.
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