Will proposed development effect my houses value?

soapstar88

Thanks for the advice.

My property is 5 years old so very new. Apparently the houses will be built within 2-3 years.

I hope the research into supermarkets proves true as it seems very likely this development will go ahead. From what I can gather we wont be able to see much of the development from our property, I think if it overlooked the entire development it would have a negative affect on the value.

Surely having a supermarket close to your property can only be a benefit given it doesn't block any views, increase traffic, noise etc. The town i reside in currently does not have any supermarket.

Surrey_EA

soapstar88 wrote: »

Surely having a supermarket close to your property can only be a benefit given it doesn't block any views, increase traffic, noise etc. The town i reside in currently does not have any supermarket.

Not going to do any harm if there's no supermarket nearby at present, but it's really unlikely to have a dramatic affect on future sale price.

soapstar88

Quizzical_Squirrel wrote: »

Since your house is so new: whatever price the builder chooses to pitch similar new houses, if you too want to sell, you're going to have to price way below that until they're all built and sold.

Thats a good point thanks. if all goes to plan my goal is to rent this property in around 2 years time. I wouldn't imagine it would have an affect on renting as much?