Huge development planned near the house I'm buying

scoobiesnacks

I've just found out that there is a huge, and I mean huge, development in planning very near the house I'm buying. It's a riverside development spanning 5 wharves, with 600 flats, offices, restaurants, bars, hotels, eco park etc planned. The start of the site is probably 25 - 50 yards away from my house, although it is on a different street.

I've seen the plans, and when it's all done I'm sure it will be great. It will regenerate a very tired part of the Thames. The development is planned to take 5 years to complete. So my question is, would you move to the edge of a building site? Although there will be benefits, there will also be a big increase in population and traffic and I'm worried that the street I'm moving to will no longer be the quiet back water it is now.

The other unknown factor is the inconvenience, noise and pollution that the building will cause.

In the long term I guess it could have a very positive effect on local house prices, but in the short term it could be a nightmare.

Anyone else had experience of something similar?

conradmum

What's there at the moment? Is your house cheap because it's near a rundown area?
Personally I'd run a mile but then I hate noise, pollution and loads of people!

scoobiesnacks

No, it's far from cheap - it's silly London prices, but it's not a run down area as such, just this particular stretch of the river front. It's a former coal wharf that has seen better days. The surrounding roads are in demand, with good victorian housing stock and it's a very popular area. I'm more concerned with the impact it'll have on what are now quiet streets.

hethmar

I would have thought that parking etc has been well taken into account when the plans were okayed. Personally Id buy because in a few years when you come to sell the price will have increased a whole bunch more because of the facilities nearby.

But check out with your council and solicitor what facilities have been put in place for the building works traffic - you dont want dumper lorries up and down the road day and night, do you.

robwend

i wouldnt go through with it if it was me, living on a main road alone used to p*ss me off enough, having lorrys day and night jcbs, then could your road be used as a cut through at any point? , then you say shops? thats day and night deliverys. ewwwwwwwwwwwwwwww risky move

samspam

Where are you buying? I might by one myself! Regeneration parts of London are only a good thing! Think Isle of Dogs 15 years ago compared with today.