Do new build houses appreciate in value if ...?

[Sandrine1982]

.. if they are in a prime location?

We're thinking of putting an offer on a new build house but I'm very nervous as they get such a bad rep.

TIA :)

I think they can if the location is good. Its always over a longer term with new builds though. I wouldn't be buying one with the intention on having to move on within a few years. Also something to consider I'd the size of the development. Some people buy on a huge development where houses are still being built years later. They're then trying to sell at a profit when there are new builds available often with incentives being offered. Plus I wouldn't want to live amongst it for years

Depends how long you want to stay, if it’s just a few years I wouldn’t risk it personally

It very well could do - the problem is it will still be offset by the 'new build premium', when compared with the older house next door.

They can if they’re the large Red Rows (or similar) and are in a fairly decent area. I know some local new builds have appreciated by 400k in just 5 years (but they did start at 500-600k).

Ours has - we have been in 4 years and it's now valued at 20% more than we paid for it - we are in one of the larger house types and on some of the smaller detacheds who moved in a couple of years before us, it's more like 30-40%, presumable as they are a bit more affordable to young families but still have 3/4 beds. Funnily enough it's a Redrow estate like Ozanj says, I hadn't realised that would be making a difference. We are not in a particularly nice area, but for some reason the estate seems to have become more desirable than anyone expected because of some recent improvements in transport links in the immediate area and that people are being priced out of the other (nicer) towns close by.

They can but it's risky. There were some lovely new builds in my city, the site was supposed to have a primary school and doctors however they never materialised and a few years later another new build estate popped up about 10 mins away (but on the other side of a motorway so not easily accessible) with those amenities and the original site now sells for considerably less than it did 10/15years ago which must be heartbreaking.

My brother bought a new build about 5 years ago and that has risen by about £80k so they can go up. I wouldn't buy one unless it was a long term home and location that were perfect at the time.

So many things play in location, builder, style, layout of estate.
Mine nearly doubled in 5 years, Bloor spread out estate with beautiful open areas with natural planting, village location, but walking distance from Tesco's and a retail park. The estate borders 5000 of common land. All play in to make it very desirable.