Would you buy??

JQ.

168 houses could take 10 years to build in this market. So that building site could be there for a long long time. Obviously it won't take 10 years to physically build them, but the developer is likely to build them in phases - build 20, sell 20. Build 20 more, sell 20, etc etc.

tyllwyd

Hippychick wrote: »

... I always thought when planning was granted that the work had to start within 5 years or else the planning permission would expire..

My understanding is that work does have to start within a certain period of time, but there isn't a rule about how much work has to be done - so they could get contractors in for a couple of days to do a few things, and start time running again.

We bought our house backing onto a field with planning permission for a housing estate behind. We assumed that it would go ahead straight away, but six years later on they've begun one end of the development and haven't got to that field yet. In the meantime, some houses on the road have sold - we've got quite long gardens, so OK there will be houses backing on to us, but they won't be as close as if we'd bought on a new estate with the houses already built. What about traffic - will it make the road much busier with houses in and out of the estate?

You are obviously taking a bit more of a risk with an estate that hasn't been built rather than a known quantity. I guess it depends in whether your parents are happy taking on that risk.