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Where and how to market our property?

Last post Mon, Nov 21 2011, 5:41 PM by Martyn Wood. 0 replies.
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  •  Mon, Nov 21 2011, 5:41 PM

    Where and how to market our property?

    Good evening, hope I can get some advice please.

    Need some help in finding a buyer for our a 3 bed house (with full planning permission to build 2 one bed flats on land to the side)in Bristol. The house and flats (when built) are in an ideal location within minutes all the major employers in area etc Rolls Royce, Aerospace, Airbus, MOD, NHS, Avon & Somerset police headquaters. It is also situated close to UWE (University West of England) and The Mall shopping centre at Cribbs Causeway, as well as being minutes from M4/M5 motorways. So location is superb.

    The house is a 1950's semi detached with full planning to build 2 one bed flats on land to the side of current property. We are financially unable to fund the build even though we have had quotes from £80,000-£120,000 for both flats. The local council South Glos have also said converting our house into 2 one bed flats would more than likely be granted planning permission, if we applied.

    We are also having the title deeds split at present, one deed for house and one for land. Which would give the buyer the option of making a quick £30,000 should they split the property and land and sell seperately.

    An estate agent has said flats would be worth £95,000 & £100,000 each and rental of between £550-£600 per month, and our house would be worth £170,000.

    The estate agent has told us to market our house for £220,000, an expect to get around £210,000.

    We have seen a property that we are very interested in buying and the buyer will sell to us in April 2012 or earlier if we find a buyer.

    How would you recommend selling property? We would like to get as much as possible for it but are unsure whether to sell it through estate agent or go to auction. or some other method I haven't thought of.

    Thanks.
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