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New build overpriced?

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Comments

  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    edited 19 June 2015 at 12:24PM
    I do get that, but I think what I was trying to say is that why do they charge a premium for a garage when you can't fit a car in it. If they built them a bit bigger, (a) they would serve their purpose and (b) it would make their developments a lot more attractive not only to more buyers but also long term because there wouldn't be cars left all over the place.
    I completely agree. Every new-build area in our town is absolutely littered with cars because the houses only have one driveway each. Planning regulations should require houses of 3+ bedrooms to have a driveway that can accommodate two cars, but of course then they couldn't squeeze as many houses into the same area and prices would be higher. As I said above, a lot of our neighbours have three or four cars but none get parked on the street and it's even rare for a visitor to be street-parked.

    We briefly looked at a new-build plan when we moved and the house was just so much smaller than second-hand ones the same price it was ridiculous.
  • robotrobo
    robotrobo Posts: 921 Forumite
    Part of the Furniture 500 Posts
    We each own the bit of gravel road outside the house. When the bollards go in, only my neighbour to the right will pass over the area I.e it won't be a thoroughfare for all and sundry

    I wonder, do you think it is worth asking the developer to sell me one space? No doubt it will help with the resale and cut out the arguments? As they are new builds, largely unregistered, it would involve redrawing the plan

    im glad i am normal :) detached house , worth 250,000, with enough parking for approx 8 or more cars, no schools , and peaceful:), still we carnt have everything in life ;).
  • Annie1960
    Annie1960 Posts: 3,009 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    £520,000 for a 4-bed detached is extremely cheap in the SE.
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Annie1960 wrote: »
    £520,000 for a 4-bed detached is extremely cheap in the SE.

    That depends entirely on where in the SE OP is. And given that they're paying asking price for a new-build, I would argue that it's unlikely to be cheap!

    None of us can judge the price as we don't know what area it's in. Important thing for OP is to determine why this one is 20% more than next door, and to compare this to what else £520k buys (non new-build) in the same area. That's the only way to assess the size of the new-build premium being paid.
  • Chanes
    Chanes Posts: 882 Forumite
    Ninth Anniversary 500 Posts Combo Breaker
    Annie1960 wrote: »
    £520,000 for a 4-bed detached is extremely cheap in the SE.

    Yes, I was wondering how the price reflects the region, and that answers the question.
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    Ok, this is the house we are buying (these are show home pics so it won't have the big bedroom shown or a window on the roof)

    http://www.rightmove.co.uk/new-homes-for-sale/property-46602557.html

    This is next door 90k cheaper. Except it's brick, not render

    http://www.rightmove.co.uk/new-homes-for-sale/property-50646317.html

    This is the plan of the road. Grey boxes represent 'guest parking'

    http://www.heyfordpark.com/houses-sale/field-views/

    I'm buying plot 13
  • libf
    libf Posts: 1,008 Forumite
    One of my colleagues just bought a place on that development recently. :)
  • sniggings
    sniggings Posts: 5,281 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I do get that, but I think what I was trying to say is that why do they charge a premium for a garage when you can't fit a car in it. If they built them a bit bigger, (a) they would serve their purpose and (b) it would make their developments a lot more attractive not only to more buyers but also long term because there wouldn't be cars left all over the place.

    For me, if a garage can't fit a car in well that's the house off the list too. It's a completely stupid thing with modern housing.

    And yes, they use reduced size furniture to give the illusion of a bigger floor space. Floor plans all the way!


    it's a percentage game, those that think like you are less than those that don't look into this issue, so the developer has more area to stick more houses not bigger garages,they will make more money on 1 new house than 5 people that think like you and wants to pay more for a slightly bigger garage, that most don't use for the car anyway, they read the details that a garage is included and that's enough for them, they pay the money over (stupidly)
  • TBeckett100
    TBeckett100 Posts: 4,732 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Cashback Cashier
    libf wrote: »
    One of my colleagues just bought a place on that development recently. :)

    How's their parking?
  • sniggings
    sniggings Posts: 5,281 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Ok, this is the house we are buying (these are show home pics so it won't have the big bedroom shown or a window on the roof)

    http://www.rightmove.co.uk/new-homes-for-sale/property-46602557.html

    This is next door 90k cheaper. Except it's brick, not render

    http://www.rightmove.co.uk/new-homes-for-sale/property-50646317.html

    This is the plan of the road. Grey boxes represent 'guest parking'

    http://www.heyfordpark.com/houses-sale/field-views/

    I'm buying plot 13


    Looks amazing, why on earth are you letting a car cause all this stress, I would happily drive a mini to live there.

    Hard to say from the pics, but yours does look much more expensive than the cheaper house, I would still do some research but the £90k doesn't look so big from those few pictures.
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