Multiple houses for sale on same street-should I be worried?

agrinnall

It's coincidence rather than anything sinister.

elsien

In my road it means another BTL landlord is selling up and moving on - this would appear to be unlikely in the circumstances you describe.

barbiedoll

The people in my street have mostly been here for years, these are small, two or three bed Victorian terraces and lots of families have stayed and extended their homes, there are loads of loft conversions and so on. I'm in a not-very-nice part of London, it has always been (comparatively speaking) cheaper here than anywhere else with a London postcode.

Then Crossrail came and the prices increased by around 25% within a year. Two of my near-neighbours have already cashed in and moved on, a woman nearby sadly died recently so her house was sold. There are quite a few properties in the surrounding streets which are up for sale, and my next-door neighbour is tarting up her place in order to sell up and move back to her home country, now that her kids have grown up and moved out.

But...considering how much prices have increased, we're not seeing as many places for sale as we expected. We reckon everyone is waiting until the rail works are actually finished, and the surrounding "improvements" are completed too, before the price rises will settle.

Maybe you'll see me and DH on one of those property shows, with a half mil budget and a ridiculously long "must-have" list, for our next property? (No, not a bloody barn conversion!)

VM1305

Thanks for people's feedback, much appreciated

GaleSF63

Many years ago I was selling my house and a viewer asked if there was any reason they should know about as to why next door was also for sale.

The reason was that my neighbour and myself were getting married and buying another house.

ERICS_MUM

I would expect any planned works such as a new home development, construction of a sewerage plant or new motorway to picked up by your solicitor in the multitude of searches they do nowadays.

I've noticed that a lot of flats go up for sale at the same time in any one of the developments near me, and it's usually about 7-10 years after the flats were built. Presumably people moving on to the next stage in their lives, part of their long term plans.

Davesnave

ERICS_MUM wrote: »

I would expect any planned works such as a new home development, construction of a sewerage plant or new motorway to picked up by your solicitor in the multitude of searches they do nowadays.

They only do those sorts of searches if you pay extra for them.

Any reasonably literate person can do the same themselves. Many don't, but It's all out there.

csgohan4

GaleSF63 wrote: »

Many years ago I was selling my house and a viewer asked if there was any reason they should know about as to why next door was also for sale.

The reason was that my neighbour and myself were getting married and buying another house.

So you did more than just pop in next door