New build house and the new build crematorium

GDB2222

yoyoegg wrote: »

Massive to rendering it unsaleable, IMHO. The Hindu & Sikh community are winning the right to have open-air funeral pyres.

That's a bit of an inflammatory statement!


The news article linked to is from 4 years ago, and in any case there is no suggestion that funeral pyres could be just anywhere.

You can get a smell from crematoria, and there can be a lot of traffic. I would personally just buy somewhere else. The only plus side is the large green area surrounding the crem.

mrschaucer

Have you checked which way the prevailing wind blows ?
I would personally have serious issues with buying your house from you if you go ahead, but good luck whatever you decide.

MrParsons

Can you expand on why? If we we make an offer then we can at least use that for reasonable evidence.

I've been onto the local council just now and they have told me so application has been submitted as yet. That's not to say it won't happen though.

LittleMax

MrParsons wrote: »

Its in the first phase and I believe the 2 houses which are built of this type have been on the market for some time. They have certainly been listed on RightMove for around a year (Thanks property bee!) As I'm sure you're aware, the house prices are vastly over inflated to cover the negotiation process. Based on what some people say on here the starting point for any negotiation should be 20% discount. I'd be willing to buy at £250k provided some extras are thrown in.

There lies my point, you've just said that Crematoriums creep you out so I'm sure it would for others too. this would affect re-saleability and subsequently price (Supply / Demand). It doesn't bother me but what does bother me is the price of resale and in turn current market value. I should also add that there are only 4 of these house types available on this site. 2 are already built and sitting there, 1 is not on the cards for at least a year and the final one is at the end of development. The sales person said he thinks it would be around 4 years until the development is fully complete.

I don't want to pay over the odds for this property and I am willing to walk away but not before a good fight with the negotiations.

Any pointers on what price to start at?

Have you looked at what discounts others have been getting on this site? Sold prices have been appearing quite quickly on the Land Registry site recently. It really depends on how quickly properties are moving as to what discount you can negotiate. We are in a new build, purchased 9 months ago and just got a standard £3k discount for a 4 week completion. In our close of 21 houses, other than the standard discounts (3k off a 3 bed and 4k off a 4 bed) no other discounts were negotiated and some who didn't achieve a quick purchase didn't get anything off. 17 of the houses sold fairly quickly. 4 are still empty and 1 of those has been reduced by £5k and I am sure there are now deals to be done, but they are the least desirable plots and house styles (3 of them are the same style). There is a Redrow development opposite us very similar to the Thorpe Meadows Development and prices are similar. They are selling quickly, I don't know whether they are discounting, as I haven't checked the sold prices, as it is a different builder to us. They are building a lot of the Cambridge design (20 or so of them), and people are buying them.

Negotiation is all about being prepared to walk away when you have made your best offer, so it all comes down to how much you think the plot is worth and whether you are prepared not to have it. In our case we wanted our plot, and so did others, we were never going to get a discount. So sorry no advice to give you on negotiating, but with our builder prices were certainly not 'vastly over inflated to cover the negotiation process'

MrParsons

These houses were one of the first built on that development and both are still for sale. Like I said, I'd pay £250k with a few bits sorting out like a built in wardrobe in bedroom 2 (It was advertised afterall!). Its whether Redrow will drop by 30k.

I've looked at the land registry site but as this development doesnt have any road names its difficult to know what im looking at. Any advice?

MrParsons

Ok, I "THINK" I have found the Redrow homes on the land registry. They are listed as Queens close from what I can tell. The selling price is exactly as listed however those are for the massive houses going for near on half a million quid!

bclark

They will all be listed as the asking price as Redrow discount on completion. Basically if you negotiated the price down from £280k to £250k the selling price would be classed as £280k and the £30k discount would be given to you on completion.

It's a funny way of doing it and I don't know if its unique to Redrow. It means you pay the stamp duty on the higher price which would obviously be an issue for you as you are hoping to get the house under the threshold. I imagine they have a process to do things differently for houses close to the threshold but that's why I would imagine they have no intention of discounting your house to that level.

It's all about maintaining the sold prices for them.

MrParsons

Thanks for that. I did imagine there was a way around it for them to maintain that land registry data integrity.

So you think £250 discounted on completion with them paying the Stamp Duty would be a no go? They have priced the houses at a silly level as anything over £250 for that house size would cripple people on stamp duty. At a price of 3280k, thats nearly another 10k up front so it would price a lot of people out.

Bellabee

The thing which would put me off both plot 6 and plot 7, is that they appear to have north-facing gardens. You may not mind this, but it's just another factor which could make these houses harder to sell on.

OddballJamie

Some nice preloved homes in that area around the £280k range
http://www.rightmove.co.uk/property-for-sale/property-25896441.html

http://www.rightmove.co.uk/property-for-sale/property-40228520.html