Huge new build estate

Sarah1Mitty2

h158 said:

There is a HUGE newbuild estate due to be built a few mins walk away from a house we are in the process of buying. 500+ houses 😳 Anything I should consider? Would this put you off? 

If the new developer starts price cutting due to the end of help to buy it will negatively affect the value of your house.

RM_2013

Depends on many factors.  Will the developers ensure that road infrastructure etc is improved if needed, what about GP surgeries, schools etc? Could they cope with the extra households? Also disruption with building, deliveries etc.
the problem is that so many new developments are planned that we can’t always completely avoid them.  We live on a large ish estate built late 60’s early 70’s and there is a lot of green belt land locally and several planning applications have been put in for housing developments - to my knowledge 1 has been approved and the other declined

peterhjohnson

It might be a good thing
Suppose the local roads are currently narrow country lanes making access to your house difficult. The new estate might include new roads that would improve your access. 
Similarly, some new estates have to put in community centres, shops, parks and other facilities which you might like to use.
Also, the new estate may put your area "on the map" and you might sell your place in later years as  in "Old Xxxx" or "non-estate" and get a better price.
You also might have more people for you (and any children) to become friends with

diystarter7

GiantTCR said:

diystarter7 said:

GiantTCR said:

h158 said:

There is a HUGE newbuild estate due to be built a few mins walk away from a house we are in the process of buying. 500+ houses 😳 Anything I should consider? Would this put you off? 

Apart from what the others have already said (traffic, GP, dentist...), with 500+ homes being built I would assume the local council and the developer have agreed to a number of affordable houses and/or properties that will be used for council housing. So that may put off potential buyers if you ever consider selling.

The last 15 years or so I've yet to seen a half-decent mass build. Sure those that build their own at times do a great job but mass build ceilings are getting lower and lower as well as the rooms and the gardens it feels so enclosed I'm glad I'm not living there.

Yes I agree, new build development are crappy most of the time. They cram as many houses as they can...they advertise those properties are family homes for couple with kids but where do the kids play? Those houses have got minuscule gardens.

Every development looks the same, there are those 4-5 house models and that's it, cookie cutter houses all over the place.

I myself ended up in one of those developments, as I bought a detached built in 2006. There are probably 250-300 houses, all looking exactly the same. You see them coming up for sale, you look at the photos and they have all the exact same layout. Can't wait to get out of here and self build. 

Thanks
As I said, ceilings lower and pans lower, small WHB's and sinks. The other thing is that many people look at the empty rooks or the show house usually a lot of land around it as its not been built yet and nice beds/sofas etc but hardly and stroage. The soundproofing has to be to a certain standard but awful

One of my siblings has been looking for a plot for yonks but could not find one in a location that was good for them as they ran a business etc - so he bought a 1900's massive detached house, raised it to the ground (did this themselves saved them thousands) and built a house on it about 50% bigger dual aspect stairs and the outside was stunning, Georgian type long, high windows, real stone pillairs and a couple of steps but had to build level access to it but incorporated it well. The road its own is like an enclave of well to do people and many older well off people and others are doing the same and I think out of the 200 odd houses there not one property is the same as the other. When they first built it and very high spec there was not profit in it they knew that as it was a forever home but then price rises have mean that the vaultion is now about 2.5 mill he told me but they are not selling

Older houses/areas near, opposite nice parks, edge of town, great stuff.

In London along the river they have been building for years and within the same block some coucils force builders to build HA stock alongside proerty eadily selling fof 7/8/900k apartments and I used to visit some of the client and they had awesome views onto the river and city of London and these were our clients in HA property and often not working. I was pleased for them but some did not look after the place but often these were on the lower floors of the block.


Getting a ploy in the right location for a decent price is the hardest bit of a self-build.

I hope your dream comes true soon.


PS - the advtanged of these newer homes often easy/cheaper to heat and easier to maintain/cheaper

MobileSaver

GiantTCR said:

h158 said:

There is a HUGE newbuild estate due to be built a few mins walk away from a house we are in the process of buying. 500+ houses 😳 Anything I should consider? Would this put you off? 

So that may put off potential buyers if you ever consider selling.

The OP's post reminded me of my old house inside the M25. I sold it ten years ago for £400k and just a few months after selling I heard a huge new-build estate (several hundred houses) was being added to the estate I had been on.

I've just checked Zoopla now to discover the new owners sold up last year for £600k so a 50% increase in what they originally paid; that doesn't sound like potential buyers were put off in the slightest.

Ath_Wat

I think there are two basic points.

Assume the estate was already there, with all the consequent issues.  Would you still pay the same for your house, bearing in mind that when you made the offer, you didn't know about the new estate?  If not, then neither will anyone else, and you should only proceed now if you can reduce the price to a point where you would pay it after the estate is built.

Secondly is the disruption through the building phase.  If you have no intention of selling quickly this is of course only a problem for you, and only a transient one.  it's very much a personal decision whether you want to go with it.

Ath_Wat

MobileSaver said:

GiantTCR said:

h158 said:

There is a HUGE newbuild estate due to be built a few mins walk away from a house we are in the process of buying. 500+ houses 😳 Anything I should consider? Would this put you off? 

So that may put off potential buyers if you ever consider selling.

The OP's post reminded me of my old house inside the M25. I sold it ten years ago for £400k and just a few months after selling I heard a huge new-build estate (several hundred houses) was being added to the estate I had been on.

I've just checked Zoopla now to discover the new owners sold up last year for £600k so a 50% increase in what they originally paid; that doesn't sound like potential buyers were put off in the slightest.

It very much depends on what was there before, doesn't it.  Adding five hundred houses to a landscape covered in estates of thousands of houses makes little difference.  Adding 500 houses to a village of 60 houses makes a massive difference.

In addition of course you can't know whether that house would have sold for 750K without the new estate being there.

MobileSaver

Ath_Wat said:

MobileSaver said:

GiantTCR said:

h158 said:

There is a HUGE newbuild estate due to be built a few mins walk away from a house we are in the process of buying. 500+ houses 😳 Anything I should consider? Would this put you off? 

So that may put off potential buyers if you ever consider selling.

The OP's post reminded me of my old house inside the M25. I sold it ten years ago for £400k and just a few months after selling I heard a huge new-build estate (several hundred houses) was being added to the estate I had been on.

I've just checked Zoopla now to discover the new owners sold up last year for £600k so a 50% increase in what they originally paid; that doesn't sound like potential buyers were put off in the slightest.

It very much depends on what was there before, doesn't it.  Adding five hundred houses to a landscape covered in estates of thousands of houses makes little difference.

At a rough guess I would say this doubled the size of my estate by building on what was previously green fields, so it was a significant development.

Ath_Wat said:

In addition of course you can't know whether that house would have sold for 750K without the new estate being there.

Of course, no knows whether it would have sold for £100k more or £100k less without the new estate. However a very quick google shows that a 50% increase over ten years (actually it was nine years) is in line with increases in other towns in the area.

jak

I've just moved from a new build estate, I was there for 6 years. Several things to consider if you're thinking of buying near one:
Parking, traffic, problems getting nhs appointments, anti-social behaviour if the build is large. When I first moved, it was lovely but in the last year or so, behaviour became very problematic. Given the choice, I wouldn't move near a large new build development.  

MobileSaver

MobileSaver said:

GiantTCR said:

h158 said:

There is a HUGE newbuild estate due to be built a few mins walk away from a house we are in the process of buying. 500+ houses 😳 Anything I should consider? Would this put you off? 

So that may put off potential buyers if you ever consider selling.

The OP's post reminded me of my old house inside the M25. I sold it ten years ago

I've been away for a few days visiting friends down south so we popped along to my old haunt to see how things had changed with the new development. There were some nice looking houses there but also a lot of new apartments so clearly cramming as many people into as small a space as possible.

The two take-aways were there was obviously a parking issue as few had driveways and the roads were full of parked cars even in the middle of the day when you'd expect most to be at work. More noticeable though was that almost ten years on the developers still hadn't tamacced the main roads - there was almost a foot drop from the kerb to the road surface with unsightly blobs of tarmac every so often creating rough ramps for bikes and pushchairs.

Looking out my window and seeing these things day after day for years would really bother me and is a salient reminder not to get too taken in by artist's impressions of how perfect the estate might look as it may never look like that during your time there.