Low valuation on property.
The period country cottage we purchased was on the market for 375,000 10 years ago. After much negotiation we had the house down to £350,000. Since then we have purchased the adjoining field directly at the end of the garden, added a stable and tack room, new bespoke kitchen etc, etc. Zoopla has a estimate of £471,000 so you can imagine our horror when the cottage was valued at £350,000 and we were told it would be £300,000 if we did not have the land & stable, we still don't understand this a property that was on the market for £375,000 10 years ago has not valued in any way, what are your thoughts on this?
Web reference: http://picasaweb.google.com/lh/photo/LAOkPa5bCQ-zvxe5M_Pg...Answered on Jul 24 2014, Report content
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