Would you buy a house when check is likely to get a vast new build development immediately behind it?

[Ebayaholic]

Hi I'm due to exchange contracts on a house with countryside views imminently, however planning permission has just been applied for for a 1000 home new build development. There will be houses at the bottom of my garden whereas currently there are farmers fields. We haven't got much deposit so any price reduction could leave us in negative equity. Purchase price is £435,000. Would you be bothered? Lots more traffic on the roads, too.

Posted too soon - but no I wouldn't purchase at this point I'm afraid, especially not if there's a risk of going into negative equity.

Thanks everyone for giving me your opinions. The developer is called Gladman, who I've never heard of. There will be a large playground but no doctors etc.

It seems like there's a consensus from mumsnetters to steer clear. I could look at renegotiating the purchase price but the vendors have been fair and sound throughout, and i always thought we'd got it at a bargain price as the index linked value of it on Zoopla is 100k more than we are paying.

I'm going to speak to my solicitor and will probably pull out. My sister had the same happen to her in the same town and couldn't sell- over a period of two years she only had 3 viewings. Thanks again

I wouldn't touch It, sorry.
They never upgrade enough roads or create enough doctors or school places. The new builds tend to be focused on cramming as many properties as they can in (often by doing what a PP said 3 bed + office in a 3 story house so only one parking space is needed).

The ones near me are going to kill already congested main roads and there's no plans to upgrade the road network so it's a case of build thousands of homes and fuck what actually happens to local amenities.

I'm no NIMBY either. I just think developers should have to foot the cost of managing the impact of the houses they build.

Looks like Gladman are just the planning company, who buy up the sites then sell the planning permission and sites on to the likes of Taylor Wimpey etc to develop. They don't get a good write up as employers or as investors, interestingly....

A huge, massive development was built on the outskirts of my town, biting into the green belt and everything.
Fourteen years on they are still building. They have but o new schools or doctors surgeries. One small went up about ten years ago and a pub.
It’s like a rabbit Warren up there.
My friend moved up when the first ones were built
You had to get up a feeder road to get to her little cul de sac.
That feeder road was not properly surfaced for ten years.., lots of exposed a hole covers and potholes.
I often wondered if the residents realised when they bought just how much traffic the road was going to have to cope with.

At the end of the day, no one has any guarantees of what is going to be demolished and built in its place.
A lovely old house in a leafy part of york that’s been left to rack and ruin is up for sale with planning permission for a lot more houses and flats on its footprint

We have one near us. The roads are so narrow as they are lined with cars on both sides, no shops, nothing except a mish mash of houses and flats. Its truly horrible.