Guess the closing price: Birmingham 1-bed condo?

[DirectCairn]

The 1,610 sq ft figure changed my view because it is unusually large for a Birmingham 1-bed condo and may make simple comparisons misleading. The asking price is £132,600, it has been listed for 38 days, and the condition is average.

What closing price would you guess? Give one figure and two reasons. I would weigh a verified floor area and nearby completed sale first; if those are unavailable, local supply, any earlier price reduction and the time on market become more important.

 

[LightLens]

£125,000. My two facts are the 38 days on market and average condition. Neither proves the seller will accept less, but together they make a clean offer below asking look plausible.

 

[miro_ash]

£130,000. I disagree that 38 days alone supports a large discount; without knowing whether there have already been price reductions, it is hard to interpret. My other factor is the unusually large 1,610 sq ft floor area. Is that figure verified, and do we have even one nearby completed sale?

 

[bakesAndView]

£119,500. I’m weighting the one-bedroom count and average condition more heavily than the headline floor area. A very large space does not automatically command the expected premium if buyers cannot use it as additional bedrooms. I’d also want to know the local supply of comparable one-bed properties before treating £132,600 as well pitched.

 

[celine_keys]

£128,000, based on the asking price and 38 days. I’m closer to Lena than Luca: bedroom count matters, but such a big gap below asking needs stronger evidence than layout alone. Rental regulation is impossible to weight properly without more detail about the property and the intended use.

 

[CarefulFinch]

£126,600. The two drivers are average condition and the absence of a supplied completed-sale comparison. My practical next step would be to verify the 1,610 sq ft figure, check whether the listing price has changed, and find one genuinely similar completed sale. Any of those could move the estimate more than a few extra days on market.