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  • FIRST POST
    • user1168934
    • By user1168934 6th Mar 18, 10:39 AM
    • 276Posts
    • 118Thanks
    user1168934
    new council housing nearby, house value drop?
    • #1
    • 6th Mar 18, 10:39 AM
    new council housing nearby, house value drop? 6th Mar 18 at 10:39 AM
    I live in a block of flats which on the back side faces two office buildings. There is a huge parking lot in the middle, so not cramped in terms of space. Also we are not on the same street but its just that the backs face each other. The council has bought the two office buildings and they are to be converted into council housing.

    Is the value of my property going to go down if that happens?
    Is there anything I can do about it?

Page 1
    • Cheeky_Monkey
    • By Cheeky_Monkey 6th Mar 18, 10:44 AM
    • 1,657 Posts
    • 3,402 Thanks
    Cheeky_Monkey
    • #2
    • 6th Mar 18, 10:44 AM
    • #2
    • 6th Mar 18, 10:44 AM
    Probably but there's nothing you can do about it apart from move before that happens. Although it may well come up on the buyer's searches.
    I used to be indecisive - now I'm not so sure
    • theartfullodger
    • By theartfullodger 6th Mar 18, 10:46 AM
    • 9,527 Posts
    • 12,775 Thanks
    theartfullodger
    • #3
    • 6th Mar 18, 10:46 AM
    • #3
    • 6th Mar 18, 10:46 AM
    Very pleased to hear of another council creating more affordable housing.

    It's what the country needs.
    • ReadingTim
    • By ReadingTim 6th Mar 18, 10:48 AM
    • 2,649 Posts
    • 3,783 Thanks
    ReadingTim
    • #4
    • 6th Mar 18, 10:48 AM
    • #4
    • 6th Mar 18, 10:48 AM
    To answer your questions:

    1 - no-one knows.
    2 - no.
    • Norman Castle
    • By Norman Castle 6th Mar 18, 10:51 AM
    • 6,944 Posts
    • 5,707 Thanks
    Norman Castle
    • #5
    • 6th Mar 18, 10:51 AM
    • #5
    • 6th Mar 18, 10:51 AM
    Is the value of my property going to go down if that happens?
    Offices into housing, unlikely to make a difference. It might go up.

    Is there anything I can do about it?
    Stop believing the Dail Mail. Stop watching shocumentaries designed to feed viewers prejudices about people in social housing.
    Last edited by Norman Castle; 06-03-2018 at 10:56 AM.
    Don't harass a hippie. You'll get bad karma.

    Never trust a newbie with a rtb tale.
    • bertiewhite
    • By bertiewhite 6th Mar 18, 10:52 AM
    • 1,062 Posts
    • 1,179 Thanks
    bertiewhite
    • #6
    • 6th Mar 18, 10:52 AM
    • #6
    • 6th Mar 18, 10:52 AM
    I love NIMBY's, but I wouldn't want one living next door to me.
    • theartfullodger
    • By theartfullodger 6th Mar 18, 12:27 PM
    • 9,527 Posts
    • 12,775 Thanks
    theartfullodger
    • #7
    • 6th Mar 18, 12:27 PM
    • #7
    • 6th Mar 18, 12:27 PM
    I love NIMBY's, but I wouldn't want one living next door to me.
    Originally posted by bertiewhite
    Brilliant!!!!
    • armchaireconomist
    • By armchaireconomist 6th Mar 18, 12:40 PM
    • 219 Posts
    • 299 Thanks
    armchaireconomist
    • #8
    • 6th Mar 18, 12:40 PM
    • #8
    • 6th Mar 18, 12:40 PM
    Is the value of my property going to go down if that happens? - Possibly, could go up also.
    Is there anything I can do about it? - Not much beyond either moving, or a violent shift in your attitude (i suggest the latter given your comments regarding council housing)
    • Crashy Time
    • By Crashy Time 6th Mar 18, 12:46 PM
    • 6,058 Posts
    • 2,345 Thanks
    Crashy Time
    • #9
    • 6th Mar 18, 12:46 PM
    • #9
    • 6th Mar 18, 12:46 PM
    I live in a block of flats which on the back side faces two office buildings. There is a huge parking lot in the middle, so not cramped in terms of space. Also we are not on the same street but its just that the backs face each other. The council has bought the two office buildings and they are to be converted into council housing.

    Is the value of my property going to go down if that happens?
    Is there anything I can do about it?
    Originally posted by user1168934

    Yes.
    No.


    The good news is that the value of all property is going to go down when rates rise and Trump`s tariffs bite, so you won`t be alone.
    • Davesnave
    • By Davesnave 6th Mar 18, 1:15 PM
    • 25,022 Posts
    • 92,533 Thanks
    Davesnave
    I love NIMBY's, but I wouldn't want one living next door to me.
    Originally posted by bertiewhite
    You get a thanks for a great quote, but in truth, just about all of us are NIMBYS; it's just different things we don't want next door.

    For example, a friend's family own a wind turbine which helps them keep their farm in profit. I fully support that, and I can understand it's needed, but I wouldn't want it across the lane.
    'It's a terrible thing to wait until you're ready…..Generally speaking, now is as good a time as any.' Hugh Lawrie.
    • phill99
    • By phill99 6th Mar 18, 2:53 PM
    • 8,064 Posts
    • 7,295 Thanks
    phill99
    Oh sweet mother of God.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
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