House value affected by new development of 1700 homes and HS2?

RelievedSheff

ProDave said:

If you decide to move again in the next few years, the new development will make your house HARDER to sell, as buyers of the new houses will get help to buy etc but buyers of second hand houses will get no help. So buyers will be more likely to buy a new house off plan than look at second hand houses.

That certainly hasn't been the case where we are. The new builds have increased the value of the existing houses on the surrounding estates (which vary between 15-30 years old) and they are selling just as quickly as the new builds and in some cases are commanding the same price as the new builds for a similar sized house and plot.

adrian84

Thank you very much for the replies, i knew about the HS2 but didn.t checked the planning permissions until now.  hs2 i don.t see it as a problem and even the construction site i don.t see it as a problem because i want my own freehold and garden instead of a flat where i live now.
I would like to upgrade in 3 4 years and that was a concern that i will struggle to find a buyer.
There are already some new developments in the area but they have huge prices for 2 3 bed houses it is quite a big difference even with HTB and i still see that difference staying over the years and a market for older houses.
Dust and noise should be little as the access to the development would be through lower road in stoke mandeville. Maybe some traffic jams but everyone here is used with the bad traffic with so many new houses built.
Between our area and the new development is still a small green patch or verge I don.t know how to call it and I don.t mind to be honest, i see it as an improvment of the area. I was just wondering potential buyers in couple of years how would see this. The area is good, it has a good school with very good performance and nice neighbours so i don.t give a penny for hs2 or some constructions near but i seen a lot of the people do care about constructions near by thinking will not enjoy the same the house or mostly that the value of the house will drop.
House was already bought when we were looking and the seller pulled out because of this issue so made me wandering to the point to come here and ask.

Regarding the blight factor factored in the price i managed only a 4% discount on the asking price which brought me to the minimum value of the house according to zoopla. And i didn.t notice any reductions in the area. Houses getting sold really fast..

getmore4less

What size property. 
Which bit, hawkslade was OK when built but has gone slowly downhill over the 30years, the new bits nearer Oxford Road don't know much about them the middle bit opposite Walton Court well established and settled. 

The new stuff could lift that side of town as it is one of the cheaper areas. 

adrian84

getmore4less said:

What size property. 
Which bit, hawkslade was OK when built but has gone slowly downhill over the 30years, the new bits nearer Oxford Road don't know much about them the middle bit opposite Walton Court well established and settled. 

The new stuff could lift that side of town as it is one of the cheaper areas. 

Wow you know well the area, 2 bed semi detached in hawkslade, indeed the middle area opposite southcourt if that is what you refering, isis close and that area is nicer but smaller houses and not so good school for catchment.
Hawkslade is ok in my opinion not great but not bad also. Watermead had the perfect house but i read that getting in and out of the estate is a nightmare because of traffic.