AIBU to wonder why our fairly priced new-build house is not selling?

I assume it’s a managed estate with an extra charge on top of council tax - definitely puts some people off.
i live in a village where houses sell really quickly. One of my neighbours put his on the market 2 to 3 years ago and it sold within the week. He then changed his mind about the sale. Second time around the market is pretty sluggish and it’s not shifting.

There is far too much uncertainty in the economy right now due to a variety of factors.
Since you purchased, interest rates are a lot higher. Your house is very expensive and now even more so because of interest rates.

I think the market is appalling atm (according to friends in the business) but also there is (ime anyway) a weird price drop that happens with second hand new builds. We have owned two and sold both within 3 years and never made our money back despite creating lovely gardens and neutral interiors. When there are actual new builds available in the area, people prefer those, also a newish estate isnt an established one, can be a bit souless somehow, and some buyers wondered why we were selling so fast. We had an amazing corner plot, 4 bed (all true doubles), 4 bath, a short walk from a train station, and we were in a thriving market. Sold for £30k more than we bought which covered our moving costs but we lost on that one.

If i was being really picky, i might wonder if the single might be holding you back a bit? If you can fit a double in there without it looking silly/forced, i might be tempted to present it as a double. Is it an office or dressing room atm? People may then see it as a 3 bed house...

You may have 4 beds and baths but what is the living space like? I live in a 4 bed but as its built over the garage that is attached to the house the upstairs is bigger than the downstairs part and all that's in the living room is 2 sofas and a tv.
4 bedrooms can easily mean 4 or 5 kids. Is there enough space for 6 or 7 people downstairs?

It is a difficult market OP. My other wonder is whether you have done every room grey? I love grey, but you can't overdo it and there are so many houses for sale with grey walls, carpets/floors and furniture in every single room including kitchenandbathroom(s). It looks awful and costs a lot to sort out if the property is otherwise turnkey.

The market is dead right now. Nothing is selling here.

Much as I’d like a nose round your house, posting a link won’t help in this case

house prices are not moving upwards very much. People are hesitating about moving, interest rate going up, it’s not a good time to move.

good that you unpaid in 2020 as now that gives you a better profit if you sell at lower price than the agent initially valued

If you paid £550 you are expecting to make £100k on a house that is new longer brand new and in a terrible market . Unless you're desperate I'd take it off and wait a year to see how things pan out.

I may be wrong but I don’t think new builds accrue value in the first few years in the same way a ‘second hand’ property does. If I wanted a new build home I would probably go direct to a developer and get the full benefit of the 10 year warranty.

You mention it’s also been landscaped. Have you possibly left no room for new buyers to add their mark to the property?

As others have said, it always comes down to price for most buyers.

Iove a bathroom but I always think it seems a bit much. I mean with four bedrooms I could go.for three - one for me, one for kids, one for guests, but four seems indulgent! To be fair though, 2-4 areoften half bathrooms - one with shower, one with bath, and perhaps one with just toilet.

Unless you’re desperate to sell, just wait it out. I reserved a new build 5wks ago, and the week after I secured my mortgage, the rate went up by 1% with my lender. People are hesitant to buy at moment and you also have a smaller pool of people who are in the marker for a large house.

Im sorry but you didnt 'sell for 690' in 2022, you have no idea if that would have gone through

Your price is probably nearer around 590 now then if thats what you paid in 2019 I would guess.

But that means what you're looking at will also be around 2019 prices too

What else is on the market nearby? If there are a few properties in the same price bracket then buyers have their pick of which to choose. Could be based on price, but could be individual preferences of something you have no control over, eg south facing garden, slightly closer to the main road.

Do you pay service fees or any additional fees of that sort? That's something that might put me off if the world economy was wobbly, I'd know exactly how to prepare for a mortgage increase but a sudden increase in service fees might be less predictable.

Just an extra loo to clean!

Totally agree, complete waste of space and a (nother) reason why I wouldnt go for one of those types of houses but then other people seem to love them

How does the price compare to what you paid. I would expect it to have lost 10- 15 pc and need decorating in 5 years. So if that's where you are price wise it must be the economy

It has been the "wrong time to sell" since the 2008 financial crash but houses do sell at the right price. I sold last year within 4 weeks but had to drop by 20% on the 4th week to encourage a quick sale (low value house so 20% didn't make much difference to affordability of next place).

New builds tend to drop in value for the first few years after purchase, why pay more for nearly new?

Five years really isn't that long to own a large 4 bed house. It may ring alarm bells with buyers.

However ultimately, as others have said, it is the price. It's always the price.

In a lot of areas, a five year old house will be priced similar to one that is brand new/ currently being built. People who want that type of house will probably just buy brand new.
There is also uncertainty with the market/ mortgage rates right now.

A year ago! A lot has changed since then. Really not a wise time to sell. Have you seen mortgage rates recently?