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New builds value
Comments
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It depends - what else could you get in that area for the same sort of money?0
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When there is no demand, yes.Ybe said:I’ve also noticed many new builds are reduced in price after 6 months or so on sale. Is this a common developer tactic?0 -
With more people WFH area is more flexible than it used to be, can`t see much of this type of rubbish selling well to be honest.ReadingTim said:It depends - what else could you get in that area for the same sort of money?0 -
Ybe said:Are these new builds good value?
Haven't we had a thread about these flats before? The name seems familiar.
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That's rather a busy location, on the High Road, but it's quite a big site so some of the flats may be quite quiet.
£575k is quite a lot for a 2 bed flat in the area. You can buy a 3 bed house in Barnet for £600k (a couple of miles up the road, and a reasonable place to live).No reliance should be placed on the above! Absolutely none, do you hear?0 -
Generally would a second hand 1 bed flat closer to the tube station hold its value better? There’s plenty near the tube stations at similar or lower prices.Jaybee_16 said:That's the old Homebase site. Decent amenities in the area and planning application in to build a cinema/ bowling alley and flats on the nearby Lodge Lane car park. Property price is probably expected for the area.0 -
Yes. New builds always are priced with a premium, and they lose that as soon as you move in. So, in general , second hand will indeed hold their value better.Ybe said:
Generally would a second hand 1 bed flat closer to the tube station hold its value better? There’s plenty near the tube stations at similar or lower prices.Jaybee_16 said:That's the old Homebase site. Decent amenities in the area and planning application in to build a cinema/ bowling alley and flats on the nearby Lodge Lane car park. Property price is probably expected for the area.No reliance should be placed on the above! Absolutely none, do you hear?0
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