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New Build Buyers - Beware

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I had an interesting conversation with a seller today.

We were talking about the house she had for sale.

She says things are starting to pick up :blink:

We got talking about a new build development in Lindley, Huddersfield. Built by Bovis Homes.

A lot of the properties both houses and flats had gone to BTL and investers buying off plan.

A lot of the development is now rented which has brought it's problems. Fighting, street shouting etc to such a point where the police were regularly being called.

There is that much letted property in one place that you were getting tenants moaning about each other. It is not their property so they are not bothered about cleaning up. etc etc etc.

The place has turned into one big council estate. And guess what a 4 bed house is £350,000 and they cannot sell them.

I would make a point of not buying on new build estates with a large rented percentage of houses.

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The place has turned into one big council estate. And guess what a 4 bed house is £350,000 and they cannot sell them.

I would make a point of not buying on new build estates with a large rented percentage of houses.

Ahh, the dual deficit, Chavs subsidised by naive BTL'ers and the govt.

The builders will start chaning the plans next in hope of selling the units off to housing associations in hope of any sort of return.

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A lot of the development is now rented which has brought it's problems. Fighting, street shouting etc to such a point where the police were regularly being called.

There is that much letted property in one place that you were getting tenants moaning about each other. It is not their property so they are not bothered about cleaning up. etc etc etc.

The place has turned into one big council estate.

And what a surprise that is. Wasn't a big part of the original argument for selling off council houses that the tenants didn't feel any involvement/pride of ownership so they didn't do any maintenance of house or garden? So the area looks like a dump and spirals downwards. One thing about selling council housing, of course, is that it "leveraged in" private money (ie the owners') to do up and maintain the properties.

You can already see these sorts of problems in any big city with a large student population. Where I used to be in Southampton you could spot the student houses - non-maintained gardens, lots of litter and rubbish, and more often than not scummy paintwork, curtains, etc. Plus noise, and the odd bit of vomit and half-eaten takeaways dumped in front gardens.

Indeed - welcome to the slums of the mid 21st century. Wonder when the anti-BTL backlash will begin - from homeowners living around BTL hotspots.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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