Nearby new development - issues?

leypt1

SandyN21 said:

leypt1 said:

princeofpounds said:

There are several websites that will estimate overshadowing for you on google maps e.g. http://shadowcalculator.eu/

Noise from construction will be Mon-Sat 8am-5pm in theory. In reality, it will spill out of those times in my experience, but bigger builds are normally more responsible with hours of working. There will be parts of the build that are very noisy, ground works etc., and parts of the build that are not noisy at all. Given you are not right next to the development I suspect it will be annoying but tolerable. You may find that traffic and parking are bigger issues than noise.

I would view it as an opportunity if the property is otherwise really good and you are intending to be there for some time - development, once complete, does not tend to downvalue nearby housing unless there are very specific adverse effects. Certainly in London there is nothing odd about having a block of flats down the road.

It is possible to get mortgages on timber framed buildings, but it's on a more case-by-case basis. The link below give you a sense - most importantly if you go halfway down the policies of some major lenders are outlined. Basically - 1970 onwards is usually good, the other main thing is no cavity wall insulation, and a decent survey. It's not a lifespan issue, it's about quality of construction. 

We cannot say for certain how lenders will treat timber frame properties in future, but I'm not aware of any great tightening of the rules over time. It's a significant segment of the market, so is unlikely to be totally neglected. But that's just my opinion.

https://www.onlinemortgageadvisor.co.uk/property-types/timber-framed-property/

Thank you! The shadow website was really useful.

It's definitely not otherwise really good, being timber framed and with a tiny shaded courtyard garden, but a 3 bed house (or even flat) without these compromises in the same area would be at least 70k more (more like £125k for a Victorian terrace)! It's near my family and friends in North london, a vibrant area, an ok commute, and near lots of  green space, so we're keen to make it work if we can. 

We're just trying to understand what's one compromise too many before we risk buying something unsaleable. Quite possibly we'll just give up/in and move to plaistow 

Hi... is this the Bury Street West development?

It's not! Why?

SandyN21

It looks similar to the one being carried out in my area in Enfield