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Unsold newbuilds in the shires

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That first one, blimey...

Beige paint - check.

Useless hidden cistern toilet - check

White gloss kitchen - check

Flagstone patio - check

Subway tiles - check

These are the "dark green bathroom suites" of our times.

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Quirky Second-Floor-Protruding-Into-Bedroom-Landing-Lobby-Box-With-Wasted-Space-Behind - Check

Not to mention that a three bed place on that street three years ago was a mere £130,000 cheaper. With Garage. 

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I do wonder if, in 300 years time, there will be any fans of these "post modern" houses. If they are built on a floodplain as per normal I suspect they won't still be standing.

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All now reduced again. Its one block of 4 houses, so reduced from £1.4m in total to circa £1.2m. I cant see the property company breaking even on this one! 

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Some new builds in Wroxham, Norfolk.

There are parts of Wroxham that are very desirable such as  the Avenue area where retired London escapees can by a 4 bed bungalow surrounded by woods walking distance and sometimes fronting the Norfolk broads etc.

These unfortunately are not there and are down the very busy main road opposite and a walk passed the council houses and quite far to walk into town (especially for wealthy retired buyers).  To be honest i would have probably built bungalows not executive detached for a place with no executives.

The prices are coming down but are still silly as they have none of the benefits of being in wroxham per se.

http://www.rightmove.co.uk/new-homes-for-sale/property-56797591.html    no reduction

http://www.rightmove.co.uk/new-homes-for-sale/property-54307762.html    just under 500k > £480

http://www.rightmove.co.uk/new-homes-for-sale/property-55619398.html   380 no reduction

http://www.rightmove.co.uk/new-homes-for-sale/property-54282016.html   370 > 360k reduction

http://www.rightmove.co.uk/property-for-sale/property-43596279.html         350k > 339K

http://www.rightmove.co.uk/new-homes-for-sale/property-53413330.html   another the same but completed 350k > 339K

Worrying on the "under offer" section of rightmove there does not seem to be any and the last sold prices for the development are not showing anything sold since April/May.

From the looks of the prices paid and assuming that you can do a deal with a developer with a lot of houses for sale and looking completed before sale (with more on the way) some of those buyers are looking underwater already.

http://www.rightmove.co.uk/house-prices/search.html?searchLocation=Wroxham%2C+Norwich%2C+Norfolk&showMapView=showMapView&locationIdentifier=REGION^27589&year=30

The garden sizes look ok on some of the plots but i note no floor plan measurements so I assume they are small internally for the price.

 

 

 

 

Edited by Fromage Frais

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1 hour ago, ThePiltdownMan said:

It's going to be horrible with 2+ cars parked on the other side of the grass verge

Around me (South Devon), I have never understood why people buy that type of New Build estate property at the prices they are offered and sold. Two bedrooms crammed into the attic before you even decide to convert! Is it desperation, lack of imagination, or stupidity? I honestly, could not see living a life in them. We've rented for 25 years rather than buy that sh1t. If in 20-30 years time people don't look at these properties and see them as worthless, the UK will not be a place to be IMO for certain. And if they are worthless, what then ?, and what a waste of materials.

Edited by LiveinHope

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8 months many of those have been on sale, possibly longer if also for sale before being on rightmove.

When or before stocks n shares come down after the peak you can just sell them, just like like that.

 

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1 hour ago, Arpeggio said:

8 months many of those have been on sale, possibly longer if also for sale before being on rightmove.

When or before stocks n shares come down after the peak you can just sell them, just like like that.

 

Yeah. And when houses come down after the peak, you can just rent em out. Innit. 

 

Merry Christmas one and all :-) Excluding the DEBTjunkies, naturally.

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On 12/21/2016 at 3:35 PM, Bronson said:

 

Not to mention that a three bed place on that street three years ago was a mere £130,000 cheaper. With Garage. 

Come on. No white gloss 'handle-less' kitchen. No beige paint. No 'oak-style' flooring. Worth 130,000 of anyone's money.

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46 minutes ago, copydude said:

Come on. No white gloss 'handle-less' kitchen. No beige paint. No 'oak-style' flooring. Worth 130,000 of anyone's money.

After no building for years, that type of property is now being thrown up nineteen to the dozen around me, it'll be interesting to see what happens.

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Odd. From the exterior photos the quality looks relatively ok. However, inside though it looks like a BTL rental finished to budget spec. Maybe that was the plan to offload to BTL investors?

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