Re: House prices advice.
At the end of the day, the exact selling price is determined by what the particular buyer is prepared to pay vs what the particular seller is willing to accept.
Personally, I think that initial bid is too low. I would go for 240 to start but then move up very slowly, increasing the bid by maybe 2k and then by a bid of another 1k.. obviously though, that all depends on what the buyer can afford and how much they want the house.
House prices are expected to continue to fall for a while yet so bear that in mind.