Cold feet on house purchase

nickyg2000

Long story, we sold our flat after 7 weeks this summer and were going to buy our friends detached cottage in a lovely village, it was the perfect house. She decided at the last minute that she didn't want to sell anymore and in a panic we jumped on another purchase, a 250 year old cottage which was down-valued by £16k (in hindsight I wish we went through with it anyway). So after this we found a sensible purchase a 2 year house which is double the size of the cottages and has a warranty etc. We had to find a new buyer which we did in a day and got 10k more for our flat. The thing is although its a straightforward house I keep worrying I don't want to live there. Its a new build estate which I only just found out has 50% social housing in one of which shares a drive with us. This worry's me a bit through past experience but also because of resale. We seem to be paying a premium because the estate is new and looks nice but what happens in 5 years time when it looks scruffy and we cant sell on?? Its also a family home which we don't intend to start a family for 5 years..... I feel the feeling of dread like what are we going into. But on one hand I'm keen to move from this flat as the sound proofing is very poor.

Any advice appreciated as I'm going crazy

Pixie5740

You don't want this house. It is not the type of house you want and you are too much of a snob to live in the same housing estate as social tenants.

New housing estate social housing.

Pull out of the sale and stay put until you can find somewhere you do want to live, next to TBeckett100 probably, and leave the social tenants alone.

libf

Seriously, just pull out already. You clearly think you'll be able to hear the neighbours fart and you'll be living in the middle of chav-land.

Davesnave

Leaving aside the emotive issues here, if you are not happy buying this house and worrying about selling it before you even move in, then walk away.

As I've said before, a difficult neighbour can come in many guises and you can never be 100% sure of avoiding one. You'll need to commit to something eventually, but this property is blighted by your fears now, so you need a clean slate.

Doglady_2

If you don't feel excited by this house even before you have bought it you will never be happy. Take your time and think carefully about what you do want in your next property. This is too big a decision to do in a rush.

nickyg2000

Well I know the house joining ours is a lovely ex professor lady in her 50's and tbh the other houses don't look to bad. I worry more about resale as the title plans state housing association all over them. Its also in a flood plain abet low risk but still there.

My stress and anxiety has been through the roof the last six months. If I stay put will the noise from the flat about drive me nuts(just walking and talking but still annoying), will we be able to sell again at a good price. My mental health seems very effected. The only house I was sure about was the friends cottage i.e no risk, nice small development, nice neighbors, detached, character 200 year old but with ten year warranty, I just want risk free as its £150k deposit and 4.5 x joint salary mortgage.

ManofLeisure_2

I'm not sure that the 'perfect' property exists - there will always be comprises to be made.

I would ask myself one question, ''can I see myself living here and will I feel happy in doing so''? If there was any doubt in my mind, I wouldn't proceed.

nickyg2000

Doglady wrote: »

If you don't feel excited by this house even before you have bought it you will never be happy. Take your time and think carefully about what you do want in your next property. This is too big a decision to do in a rush.

Thanks for the advice. I just worry about talking to our estate agent. Do you think we should just give it a break for a couple of years or ask our buyer to wait for us to find the right house. Our estate agent was hacked off with us for pulling out of the last sale. He then asked before we found a new buyer if we had any doubts about this house, I said no. At the time i didn't but the 50% social housing and flood risk information has only just come through.....

nickyg2000

ManofLeisure wrote: »

I'm not sure that the 'perfect' property exists - there will always be comprises to be made.

I would ask myself one question, ''can I see myself living here and will I feel happy in doing so''? If there was any doubt in my mind, I wouldn't proceed.

If I'm honest I do worry I wont feel settled there..

AnnieO1234

50% seems a high figure to me. We have a section of apartments tucked I to the back of our estate that are labelled as social housing but are actually a rent to own scheme. Could that be what is going on with the houses on the new estate?

FWIW it sounds like you're in a high anxiety situation and it now wouldn't matter what choice came along, you'll still be highly sensitised to it all.

If I were you I would proceed with this purchase and then look at things again a couple years down the line xxx

nickyg2000

AnnieO1234 wrote: »

50% seems a high figure to me. We have a section of apartments tucked I to the back of our estate that are labelled as social housing but are actually a rent to own scheme. Could that be what is going on with the houses on the new estate?

FWIW it sounds like you're in a high anxiety situation and it now wouldn't matter what choice came along, you'll still be highly sensitised to it all.

If I were you I would proceed with this purchase and then look at things again a couple years down the line xxx

Its the £15k move costs not to be taken likely. The plan was move to somewhere we know we will be happy long term or at least be able to sell on at a profit. I'm sure your right, we should have bought the last place but my high levels of anxiety found issues.But at least the last place i was excited, this is just dread..