Just wondering if anybody has any thoughts on how much more expensive a detached house should be compared to a semi.
I am looking to possibly buy a detached house, but there are no other detached houses in the same area that have sold recently enough for the price to be on the Land Registry records.
There are a handful of semis that have sold only a few house along, and they are the same style house (well as close as a semi and a detached can be) with similar gardens. The semis are 3 beds and the detached is 4.
Because of the lack of information I am concerned about paying far too much and then finding it had to get my money back if I need to resell.
It is my understanding that the owners will take an offer which would put it about 35-40% more than the highest price paid for a semi.
I know that none of this is an exact science, and depends upon specifics of the houses, but I think that they are as close as they can be (obviously the detached is a bit bigger than the semi, has the extra bedroom and a fair sized office).
Still, I need to try to get a feel for what is reasonable, so wondered if you guys had any thoughts on the range of premium paid for a detached.
It is not flying off the shelf, having being on for a few months now, so it definitely isn't an incredible bargain.
Any thoughts would be appreciated.
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