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Why would a lot of houses in one street suddenly be for sale and how would I find out?

24 replies

Thandeka · 10/09/2010 13:27

A street I am looking at has about 6 properties (some flats) for sale. This makes me suspicious- may view anyway but how would I find out what the plans are for the street which are possibly making people sell.

Or maybe it's one neighbour from hell!

OP posts:
NorbertDentressangle · 10/09/2010 13:28

Check out the local councils planning dept website -most have all current applications available to view on-line

LadyBiscuit · 10/09/2010 13:29

There are (well were until I sold mine) four flats on my street for sale. There is nothing planned, just coincidence.

But you should be able to find out if planning permission has been requested on the street on the ones nearby by going onto the local council's website.

Blu · 10/09/2010 13:31

I have noticed a sudden outburst of For sale boards in our lovely road - maybe it's just the time of year. What sort of area are you looking in?

Being cynical if it is close to a v good school, it may be that peple who were hanging on to get thier kids in are now free to move to a bigger house out of catchment, or something....

domesticsluttery · 10/09/2010 13:31

Are they newbuild?

We live in a newbuild, and an awful lot of our neighbours sold their houses about 3 years after we had all moved in. A lot of people seem to go from one newbuild project to another, presumably buying them fairly cheap as shells, making them nice and then selling them at a profit.

MrsVidic · 10/09/2010 13:33

maintaince fees put up?

Neighbour issues/ check out local planning applications

Check for trees/ subsidence

Also Blu makes sense re schools

elvislives · 10/09/2010 13:36

In the small cul de sac we've just moved from (rental) 5 houses came up for sale in a very short space of time. All the residents were elderly, all had lived there for 30+ years, and all have just died :( Nothing sinister.

DanceInTheDark · 10/09/2010 13:36

It may be that they were previous rentals that the owner has now decided to sell.

It could be that a development has been given planning permission locally.

It could be coincidence.

vesela · 10/09/2010 13:42

Leaseholders of ex-council properties all fed up with the council/worried re. future works developments? (which council is it?)

vesela · 10/09/2010 13:43

(I don't mean planning developments, I mean the council wanting to carry out major works on the houses - bills for this have a reputation for being very high).

Decorhate · 10/09/2010 13:51

A lot of the streets near me always have several houses for sale. They are generally 2-up, 2-down terraced houses, people buy them as started homes & move once they have had a child or two. There is nothing sinister behind it, they always sell quickly as it is a desirable area.

Can you look on Nethouseprices to see how many sell each year?

NorbertDentressangle · 10/09/2010 13:53

Is there a large site or building nearby that is about to close/be sold etc which could result in uncertainty of its future use or the land being redeveloped?

SparkyUK · 10/09/2010 14:40

A bunch in our neighborhood are coming onto the market because a Foxtons just opened nearby and are offering 0% commisison.

notcitrus · 10/09/2010 15:15

EA told us that one person sells, others see they got a good price, and a bunch of others follow suit. About 10 got sold in our street each summer for a couple years, and now it's hardly any.

JumpJockey · 10/09/2010 20:38

Some areas just have very high mobility - we're in a street like decorhate describes and there's usually at least 2 or 3 (numbers up to 180) for sale at any time. People move in as their first step on the ladder and either stay for 40 years (like our late neighbours) or have kids then move on to somewhere bigger.

sorrento56 · 10/09/2010 20:39

Maybe one person put theirs up for sale and the others thought their flat was worth more than theirs/more than they thought so they thought they would try and sell.

DastardlyandSmugly · 10/09/2010 21:03

A few reasons:

  • a lot of people put their houses on the market after the Coalition stopped HIPPS
  • people are frightened of interest rates going up (which they are likely to do)
  • house prices (even in London are currently falling driven by the above)
Granny23 · 10/09/2010 21:12

Elvis! 'All the residents were elderly, all had lived there for 30+ years, and all have just died - Nothing sinister.'

Not sinister? Really? Did they all have the same Doctor/home help/milkman? Were they well off? Case for Miss Marple or Poirot methinks.

CarGirl · 10/09/2010 21:14

Elvis I thought I was careless with 2 "elderly" neighbour (next door & next door but one) dying within a week of each other - but 5 in one cul de sac Shock

UnePrune · 10/09/2010 21:15

Maybe paedophiles are being housed nearby!

(This was said very seriously of a street very near where I live, a few years ago, by someone who - guess what - doesn't live near here. Needless to say it isn't a problem.)

saucetastic · 11/09/2010 08:58

From experienceSad, agree with checking with local council about developments. Also Highway maintanance for changes of zones. Sound out the statistics for crime etc. and a conversation about the area with local police doesn't go astray. If education is relevant, have boundaries changed for catchment area? Is the area in a flood plain (last winter was quite bad in some places). Also, if you're feeling brave, a conversation with one of the neighbours about the street could be informative.

nymphadora · 11/09/2010 09:06

My street always has a 5-6 for sale / 80 ish. Lots of elderly & lots of renovations.

LynetteScavo · 11/09/2010 09:10

With flats, they could be all owned by one investor, who now needs to sell.

noddyholder · 11/09/2010 09:34

Wgen we pt our house on the market earlier this year there had been no sales on the road for years and in fact we were the last buyers!About 4 weks later there were about 5 other houses and one of them was ds teacher who told us h was waiting to see what they were worth now before deciding whether to sell.It could be that lots of sheeple hoping to cash in!

elvislives · 11/09/2010 18:01
Grin
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