"Property is on a public sector housing estate"

Lyd00

My lenders valuation says "The property it on a public sector housing estate". What does this mean? A council estate?

I thought the houses were ex council but does this mean that there are still houses on the street that are used by them?

They've said "This may deter some purchasers and affect marketability". It doesn't bother me and i'm sure it will sell. The house 3 doors down sold last year without problems. 

TadleyBaggie

Could be ex-MOD, the town where I live must be 50% ex-MOD (in fact my first house was), doesn't seem to affect the resale values.

Lespaul1960

I thought the houses were ex council but does this mean that there are still houses on the street that are used by them?   Yes that is exactly  what it means.  If it doesn't bother you then go for it.  Ex local authority will be off putting for some people though. Good Luck with your purchase..

user1977

It means no more than it was originally developed by the council (or a housing association).

Brie

wasn't there a recent thread about certain covenants or charges for local parks in an area of ex council.  Something to do with the fact that there was a maintenance charge even if you owed your house outright.  Something that the solicitors should find when doing their searches hopefully.

If you're willing to buy suggests that someone else will want to buy it from you at some future date.

tinytiddles

Our previous home was ex-Council and the street had social housing in it still. We sold it a couple of years ago via part exchange with a developer but it went SSTC within 24 hours of it being marketed. 

newsgroupmonkey_

Lyd00 said:

My lenders valuation says "The property it on a public sector housing estate". What does this mean? A council estate?

I thought the houses were ex council but does this mean that there are still houses on the street that are used by them?

They've said "This may deter some purchasers and affect marketability". It doesn't bother me and i'm sure it will sell. The house 3 doors down sold last year without problems. 

I'd ignore it.

It's priced accordingly.

Our houses were built by a private developer back in the late 60s. He went bust near the end and the council bought them and finished them off.

There are still 2 of the original tenants in the properties in the whole street. The rest are privately owned. Lender didn't even mention - we only found out when we got the original deeds and spoke to our neighbour (who is one of the 2 mentioned above)

SensibleSarah

My house is ex-council and approx 60% of the houses in the street are still owned by a housing association - street has around 120 houses in total. Of the owned houses, some are leasehold (including mine) with the council as the freeholder (very long lease, peppercorn ground rent etc) and some are freehold - so a real mishmash! 
Shouldn't be an issue when it comes to selling - certainly all of the properties on my street that have sold over the last few years have gone quickly and for more than I'd expect, both leasehold and freehold - but obviously if demand goes down then it could play a part. 

RAS

Most of the Victorian and Edwardian street ended up in council ownership at some point after WW2, apart from some owned by a friendly society. 

It's only if you try to look up the most recent sale price or check the Land Registry that it become apparent that some are not in private ownership. 

Sounds however that your street was built as council housing and some tenants have not exercised right to buy.