Am I right to reject house next to new development?

bouicca21

Borkid makes a good point. A few miles away from me there are a lot of blocks of flats being built on the sites of what were formerly light industrial units. That's hundreds of people needing transport, but no extra capacity on the trains to cope with the increased demand. And eventually all those FTBs will need schools for their children.

borkid

bouicca21 wrote: »

Borkid makes a good point. A few miles away from me there are a lot of blocks of flats being built on the sites of what were formerly light industrial units. That's hundreds of people needing transport, but no extra capacity on the trains to cope with the increased demand. And eventually all those FTBs will need schools for their children.

I was thinking of doctors and dentists as well. If there's a 3 week wait now to see a doctor add 100s more people and the wait will only get longer especially as there appears to be a shortage of GPs in most areas. Similarly with dentists.

lincroft1710

Like most small market towns LB has seen a lot of housing development during the past 50/60 yrs which will of course continue through the 2020s and 2030s. So if you want to live in LB or virtually any other town within 50 miles of London, (possibly even 100 miles) you must expect this.

If you have serious doubts about this house look for another.

RelievedSheff

I'm pretty sure the owners of the homes next to the development behave bought on felt the same at first. We have bought on what will be a big 750 dwelling development when finished, currently around 100 homes are finished and lived in.

The prices of the existing surrounding properties have sky rocketed in the last 18 months.

There are some people who have made pretty impressive profits in a couple of years of ownership when you look at the sold price data.

Even the earlier plots sold on this development are now starting to look like they were cheap with houses of the same house types now selling for around 20% more just 18 months later!

ethank

This is close by to me, and we very nearly purchased at Heath Meadows which is the site next door (Drakes Avenue, Wellington Way, Blenheim Road). Is that where you are looking?

We got told in 2013 when we were looking to purchase there, that there would always be a chance that the Chamberlains Quarry site would be built on. There is loads of development going on around LB at the moment.

I'm guessing that Area A will take at least 4 years to build - unless Redrow are in consortium with another builder to push the site forward quicker.

Bad_Accountant

ethank wrote: »

This is close by to me, and we very nearly purchased at Heath Meadows which is the site next door (Drakes Avenue, Wellington Way, Blenheim Road). Is that where you are looking? #

Yes that area. Looking closely at a detailed plan (subject to change of course!) there would be the end of a semi less than 10ft from our garden fence. That feels like a big change. Even if the housing prices increase it wouldn't be worth years of construction.

Going to give this a miss as OH works shifts and would be driven up the wall by daytime building noise for years. We had an office refurb in the next building along where we are now even just that crashing and banging was enough to cause problems.

ethank

It is part and parcel of buying a new build I am afraid. It can be noisy during the day but sound insulation these days is pretty good with the doors/windows shut. The houses at Heath Meadows have gone up in value - but it has not gone up as much as MK which is flying at the moment.