Selling your flat above commercial premises
If you own a flat above commercial premises, it’s not impossible to sell the property but there are some additional steps you will have to take before you can get a buyer.
Your questions answered when selling property above commercial premises
✅ Is it impossible to sell a home if it's above commercial premises?
No, but it might be more difficult than selling a house or flat that isn’t located above a commercial business. If you have a flat that you’re looking to sell and it’s situated over a shops or other commercial premises, your best option might be contacting a fast home buying company to get a quick sale in exchange for a cash payment.
✅ Why do buyers struggle to get mortgages for homes above commercial premises?
Some prospective buyers can find it difficult to convince a lender to help fund their purchase of a flat if it’s above a fast food restaurant because of the potential for bad smells that could affect the property, making future resale of the flat harder. Still, flats in busy areas can secure mortgages simply because of the very high demand for them.
✅ Will having commercial neighbours below hurt my prospects for selling my flat?
The answer depends entirely on the individual circumstances of your home. If your flat is situated above a fast food restaurant where bad smells waft up to your property, it will be harder to find a buyer. If your flat is above a quiet business in a decent and popular neighbourhood, it will be easier to try finding a buyer for your home.
Want to sell your home above commercial premises? Call LDN Properties today
Call LDN Properties at 020 7183 3022 if you own a home above commercial premises and you’re looking to sell. We can give you a simple and zero-stress way to receive a swift cash offer for selling your home, with absolutely no fees attached. You can also reach our friendly team of experts by clicking on the "Get Offer" tab below for a no-obligation quote.
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