Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I’ve had an offer accepted for a BTL 2 bed property which backs onto lots of fields. I’ve just discovered that there is a development plan to build 450 houses on this land over the next few years.
It’s a 2 bed terrace that was last sold in 2006 for £119,950. My agreed price is £123,000. Other houses in the immediate area have sold for similar prices over the last 5 years or so.
I guess my main concern is that the value will drop once the building starts and to have brand new houses near by may also decrease the value further. .
Any advice is great fully received…
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More