New builds value

ReadingTim

It depends - what else could you get in that area for the same sort of money?

ReadySteadyPop

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? 

When there is no demand, yes.

ReadySteadyPop

ReadingTim said:

It depends - what else could you get in that area for the same sort of money?

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.

martindow

Ybe said:

Are these new builds good value? 

https://www.taylorwimpey.co.uk/new-homes/north-finchley/the-tramworks

Haven't we had a thread about these flats before?  The name seems familiar.

GDB2222

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).

Ybe

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.

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. 

GDB2222

Ybe said:

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.

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. 

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.