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Why is it taking long to sell apartments in Church Road?

I am looking for an apartment in Richmond. I noticed that there are many aprtments that are takig a long time to sell. Is this a cause for concern? Or are the properties over priced?

Asked on Nov 7 2013, House Prices in Richmond | Report content

Answers (3)

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  • Hi newtoproperty, There can be any number of reasons why these apartments are failing to sell at the moment, It could be that their sellers simply have pitched their prices too high for the current market, as you have considered, but there are other reasons that can come into play as well. For example, it might be the case that it is simply not the right type of property for the area. If it is a family orientated area, then it's unlikely that apartments will sell as well as houses. The other thing to consider is the current state of the market. At the moment, houses tend to sell better than flats and apartments in general, largely because of the fact that the latter is the more traditional property type in the rental market, and its target market cannot really afford to buy at the moment. Many thanks, Scott

    Answered on Dec 3 2013, Report content
  • Richmond is a very popular part of London for property buyers, so it would be a little unexpected. Obviously the condition of the property itself affects saleability as does the length of the lease or if it has a share of freehold or not. The only thing I can think about Church Road is one part of it is next to the District line and Overland train tracks.

    Answered on Dec 14 2013, Report content
  • It's one of the busiest roads in richmond-upon-thames , the feet is a little bit down market compared to neighbouring roads .

    Answered on Jan 20 2014, Report content

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