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Huge new build estate

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  • silvercar
    silvercar Posts: 49,604 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    I'm currently buying a new build flat.

    It will have district heating and also OFNL internet.

    The district heating is a really big issue for me, it is unregulated so has no price cap and is incredibly expensive, plus no option to change supplier.

    OFNL means I can only get internet from those suppliers, I will not be able to get internet from companies like BT and Virgin.

    In both examples the developer will have sold the contracts to make money off it. 
    My son has just bought similar. The internet is incredibly fast and the cost is reasonable. The heating, which did concern him is expensive in kWH terms, but new builds tend to be well insulated. Either that or he is benefitting from rising heat. His bills are low, I don’t think he has turned the heating on once other than to test it works.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • HRH_MUngo
    HRH_MUngo Posts: 877 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    edited 20 November 2022 at 2:20PM
    I have a BTL flat on a modern development which is still being built, although the flat was completed in 2014.  The development is not bad as far as new developments go, there is an Aldi, a Hungry Horse pub/restaurant and a park with a duck pond and swings and slides for the children.  But my word, those houses are SO overlooked!  I would never want to sit in the garden there, or even sit in some of the rooms of the houses -  many houses are overlooked on all three sides.  Funnily enough, the flat is in a gated development and is only overlooked by the car park :).

    I would not want to live on a modern estate.  My bungalow was built in 1930 and is on the very edge of the city, but still in a mature area with shops and schools and other facilities and  has a large garden which is not overlooked at all.  

    Would a new large estate put me off?  Absolutely it would, I would pick a mature area every time.
    I used to be seven-day-weekend
  • diystarter7
    diystarter7 Posts: 5,202 Forumite
    1,000 Posts First Anniversary Name Dropper
    Personally, if I see open fields on a property viewing I automatically think they going to build a huge estate there in the future. I would never want to live near a new build estate or a building site for years.
    Not if you bought 40/50 years ago but please feel free to disagree.
    I am viewing now, not 50 years ago so your point is irrelevant? 
    People should be expecting new builds on spaces of large open space. It tends to be what happens.
    Many thanks for your polite response, message is understood.

    Thanks
  • silvercar said:
    I'm currently buying a new build flat.

    It will have district heating and also OFNL internet.

    The district heating is a really big issue for me, it is unregulated so has no price cap and is incredibly expensive, plus no option to change supplier.

    OFNL means I can only get internet from those suppliers, I will not be able to get internet from companies like BT and Virgin.

    In both examples the developer will have sold the contracts to make money off it. 
    My son has just bought similar. The internet is incredibly fast and the cost is reasonable. The heating, which did concern him is expensive in kWH terms, but new builds tend to be well insulated. Either that or he is benefitting from rising heat. His bills are low, I don’t think he has turned the heating on once other than to test it works.
    I'm hoping that is the case with me, but my flat is a renovated old brick building so won't be quite the same As a proper new build.

    The standing charge is £1.05 a day just for the hot water, so almost 3x the cost, and the gas is currently 20p per kw so twice the cap.

    Fingers crossed.

  • silvercar
    silvercar Posts: 49,604 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    silvercar said:
    I'm currently buying a new build flat.

    It will have district heating and also OFNL internet.

    The district heating is a really big issue for me, it is unregulated so has no price cap and is incredibly expensive, plus no option to change supplier.

    OFNL means I can only get internet from those suppliers, I will not be able to get internet from companies like BT and Virgin.

    In both examples the developer will have sold the contracts to make money off it. 
    My son has just bought similar. The internet is incredibly fast and the cost is reasonable. The heating, which did concern him is expensive in kWH terms, but new builds tend to be well insulated. Either that or he is benefitting from rising heat. His bills are low, I don’t think he has turned the heating on once other than to test it works.
    I'm hoping that is the case with me, but my flat is a renovated old brick building so won't be quite the same As a proper new build.

    The standing charge is £1.05 a day just for the hot water, so almost 3x the cost, and the gas is currently 20p per kw so twice the cap.

    Fingers crossed.

    An element of both those figures will be for maintenance of the system.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • h158
    h158 Posts: 39 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Thanks everyone - we have decided to go ahead - it's a good area, the estate is about 3 or 4 mins walk away from our house, further away from the village. I guess new building is inevitable. We are there for the long haul so hopefully things will be ok 👍
  • Gavin83
    Gavin83 Posts: 8,757 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Personally, if I see open fields on a property viewing I automatically think they going to build a huge estate there in the future. I would never want to live near a new build estate or a building site for years.
    Not if you bought 40/50 years ago but please feel free to disagree.
    People should be expecting new builds on spaces of large open space. It tends to be what happens.
    It's the best view to take. We've had a number of people on here asking how they can stop a development taking place because it'll spoil 'their' view. Ultimately unless you own the land you can never guarantee that empty land behind you won't be built on. If you go in with the view it might be at least you won't be disappointed should it occur. Any time you get with that empty field should be considered a bonus.
  • MobileSaver
    MobileSaver Posts: 4,344 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Gavin83 said:
    Personally, if I see open fields on a property viewing I automatically think they going to build a huge estate there in the future. I would never want to live near a new build estate or a building site for years.
    Not if you bought 40/50 years ago but please feel free to disagree.
    People should be expecting new builds on spaces of large open space. It tends to be what happens.
    it'll spoil 'their' view. Ultimately unless you own the land
    Which is one of the main reasons why I bought a house that was built in the middle of a twenty acre plot; it's simply impossible for anyone to ever spoil my enjoyment as I literally own the view. :)
    Every generation blames the one before...
    Mike + The Mechanics - The Living Years
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