Why aren’t properties in this block selling?

GDB2222

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

silvercar

GDB2222 said:

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

But that is shared ownership, whereas the first ones are a private block. 

Ybe

silvercar said:

GDB2222 said:

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

But that is shared ownership, whereas the first ones are a private block. 

I think they are all shared ownership blocks.  But the ones on sale at full value through an EA have just passed the HA first refusal period.  

This one has been sat on the market for over a year. https://www.rightmove.co.uk/properties/133853450

GDB2222

Ybe said:

silvercar said:

GDB2222 said:

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

But that is shared ownership, whereas the first ones are a private block. 

I think they are all shared ownership blocks.  But the ones on sale at full value through an EA have just passed the HA first refusal period.  

This one has been sat on the market for over a year. https://www.rightmove.co.uk/properties/133853450

Your first post says ' It’s also shared ownership but these sellers are selling on full ownership basis by back to back staircasing. '

silvercar

Ybe said:

silvercar said:

GDB2222 said:

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

But that is shared ownership, whereas the first ones are a private block. 

I think they are all shared ownership blocks.  But the ones on sale at full value through an EA have just passed the HA first refusal period.  

This one has been sat on the market for over a year. https://www.rightmove.co.uk/properties/133853450

I think I looked at those flats a few years ago, when they were new. From memory some of the blocks were shared ownership and some were private.

Ybe

silvercar said:

Ybe said:

silvercar said:

GDB2222 said:

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

But that is shared ownership, whereas the first ones are a private block. 

I think they are all shared ownership blocks.  But the ones on sale at full value through an EA have just passed the HA first refusal period.  

This one has been sat on the market for over a year. https://www.rightmove.co.uk/properties/133853450

I think I looked at those flats a few years ago, when they were new. From memory some of the blocks were shared ownership and some were private.

Interesting.  Whatever they were, they are not selling despite lowered asking prices which I suspect is a large hit for the current owners.

Ybe

user1977 said:

On a main road (with all rooms facing it) will deter many.

Mortgage lenders will be put off by commercial units on the ground floor of the building (even though they look fairly benign at the moment).

So this would be considered flats over a commercial premises? I’ve seen a lot of new builds where the ground floor is used for commercial.  

user1977

Ybe said:

user1977 said:

On a main road (with all rooms facing it) will deter many.

Mortgage lenders will be put off by commercial units on the ground floor of the building (even though they look fairly benign at the moment).

So this would be considered flats over a commercial premises? I’ve seen a lot of new builds where the ground floor is used for commercial.  

Well, they are flats over commercial premises. Difficult to consider them as anything else!

Obviously more likely to be encountered in developments on a main road, and in London the lenders can be more lenient, but it will put off some lenders and some buyers.

GDB2222

There’s plenty of scope for disturbance from ground floor shops, with very long opening times these days, and/or smelly food preparation, for example. 

ReadySteadyPop

Ybe said:

silvercar said:

GDB2222 said:

Ybe said:

Another one on sale (still during the housing association first refusal period) is worth £315k. This would be the RICS valuation figure. 

https://www.peabodynewhomes.co.uk/developments/high-road-1-bedroom/

That looks virtually identical to one of the two you posted initially, except it’s £35k cheaper. Perhaps that answers your original question?

But that is shared ownership, whereas the first ones are a private block. 

I think they are all shared ownership blocks.  But the ones on sale at full value through an EA have just passed the HA first refusal period.  

This one has been sat on the market for over a year. https://www.rightmove.co.uk/properties/133853450

Looks nice enough but obviously overpriced, HA`s often buy multiple flats in these blocks and use them to house people with support needs, depending on your point of view/lifestyle that could be a good or a bad thing.