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Reporting this answer: I think the best thing to do is to look at other comparables on the market - it doesn't really matter what the person bought it for before as you do not know how much money has been spent on it since. When you look at other properties in that area does this property seem expensive/ cheap/ about average? You need to work out how much it is worth against the local market and then see what you can afford to pay. Then make an offer! Good Luck!