Would three near-identical houses for sale on one street worry you?

[CactusClive]

There are three houses we are potentially interested in buying. We’ve viewed one of them liked it but don’t want to rush.

Since then two more identical ones have come onto the market and we are wondering whether to view.

These houses were all built 2019 so newish, prices are £485k, £499k and £500k.

Is this a massive red flag? They’re literally the same house, maybe slightly different specs, but you can literally see all three houses from the same spot in the street, just to give an idea of how close they are.

It makes me think bad neighbours? Poor location?

We were thinking of a second viewing but now really thrown by the extra two coming on the market?

Not necessarily. Sometimes people who are vaguely interested in selling are inspired when one of their neighbours puts theirs up for sale.

Worth more investigation though.

It’s 7 years since the estate has been built so if people took out a 5 year fix and then a 2 year fix (or vice versa) they are likely just coming to the end of their mortgage term and taking the opportunity to move.

100% I would check carefully for any planning permission though! And ask the EA the reason for the moves.

The week we put our house on the market 2 others were listed on our Street, one the same day as us.
By the time we moved 5 months later another one was on the market so there were 4 of 12 on the markets / going through sale process at once but it was just a coincidence

One I don't know about, we were relocating due to jobs, one was downsizing as their grown up kids had moved out and the fourth house was a probate sale after the occupied passed away.

Is there a parking problem due to the office block ?

The offices have car parking spaces allocated and then each house one parking space. There are cars parked on the road most of the time but I assumed maybe residents with more than one car.

My old street always seemed to have two or three houses for sale at a time but it was a nice street with nice houses. I only sold because I moved abroad.

A good question and one I also ponder about.

I am trying to sell (I had a buyer and viewed a few)

One I viewed was on an estate which also had 3 very close to each other for sale . The one I viewed , they were moving as they needed a bungalow due to accessibility, one other was vacant (no back story available) and the 3rd out my price range.

The one I viewed IS still for sale, so I am hopeful.

It is an area I am not that familiar with, but I know it is a finished estate. I also drive round at various times of the day (trying not to be too suspicious)

I live on a newish build estate (2002). There’s three identical to mine up for sale - but they are all landlords getting out of renting.

there’s a big American base near me, but the Americans all rent on the brand new estate now.

Probably coincidence buy you never know. Check area360 to see if there are any obvious problems like flooding or noise.

We had an unusual situation where a whole road of relative new builds started getting their roofs replaced - including the house owned by the principal developer. It turned out that all the roofs were faulty. Luckily they were repaired under the NHBC 10 year warranty. But it makes you wonder about the general standard of construction these days.

I would be wary and do a bit of research - flooding issues, building issues, possible development/ building work, parking issues, issues with anti social behavior.

It could also be co-incidence. There were 3 houses all on our road for sale last year, there are currently 2 more, about 10 houses have been sold on our road in the last 5 years. They are all downsizing or moving to a bungalow, or moving to be closer to DC or going into assisted living. One of our street neighbors died last year. When we moved into our house 10 years ago we were the only family on the road, everyone else were pensioners and the youngest person was 67. All those houses now have young families in them.

Similarly there is a lot of movement in the estate behind us with usually 6 or 7 houses for sale at all times, mainly in the 2bed and small 3 bed houses as families expand or need more space.

The estate opposite us had a lot of movement a couple of years ago as one of the big national developers bought the fields behind and to the side of the estate and have since been awarded planning for 1000 houses with access through the estate - there had always been a plan to expand the estate with a dead end always left and a field put aside for development of a school with the plan to expand that way but didn't happen for 25 years. Obviously people were in uproar but it's been in the plans for years, the previous developer just banked the land.

There are 6 houses for sale on my friend's road (including my friends). They all belong to a portfolio landlord shedding his properties.

There are quite a few new builds on another friends small estate for sale. Their gardens are waterlogged from October to April and the access road floods in heavy rain - it's built on land that everyone local knows is boggy and when it rained it would flood and water would sit in the field for months at a time, the roads the houses are on are now called "water fields road. No-one local lives on that estate.

Wouldn’t your favourite one be the one that you like the most?

ive seen 3 houses for sale on the same side which backs onto fields. These houses are fairly new. I’m going to have assume there is plans to expand behind them.

I live in a small development of houses which come in four styles. It’s a fantastic place to live with lovely neighbours. In the five years I’ve been here none of the biggest version have been for sale and now suddenly three are this year. All good reasons for selling.

Awkward for them as potential buyers get the freedom to make offers until one bites so you could get a better deal doing this. in our case one has sold for a lower price than expected and the other two vendors are quite unhappy. That’s the market!

6 flats for sale in friends block...its just a coincidence, nothing has pushed them all to sell at same time, its a block of about 16 flats.

7 years on doesn’t seem odd to be moving on, family circumstances may have changed, financial circumstances improved or deteriorated etc. you can see on zoopla when they changed hands.

Do you know how much they were bought for, interest rates have changed a lot in that time, they are almost certainly worth less than the 2019 price now.

https://www.propertyinvestmentproject.co.uk/property-statistics/uk-interest-rate-history-graph/

I’ve just moved. When selling my house ,after 30 years , both my neighbours had theirs up for sale. We had all reached the empty nest stage at the same time.

Planning request for traveller site? This is why 3 houses went on the market near me.

Still quite unusual IMO, landlords trying to get out?

One car parking space per house: That's madness on a newish estate. Most households have two or more vehicles. Therefore there will be parking problems plus potential for cars from the office block, as most only cater for a percentage of workers with cars. I would look elsewhere.

I wouldn’t put in an offer without a lot of research. My first thought is planning permission has been granted for something that will cause issues. Or a bad neighbour - all it takes is for one arsehole to cause a ton of trouble. I doubt there’d be enough noise coming from an office block to aggravate three sellers to go through the process of selling their houses. Don’t expect the sellers to be honest with you when you view.

First step - google the street name for news stories.

Labour policy to cut driving (good policy IMO) there are new-build estates in London with no parking? People will wake up when Iran escalates and they are priced out of their car,.

There are 3 houses for sale near me. They all have gardens backing on to one house. Having seen the people who live in that house it’s easy to guess why they all want to move

It wouldn't bother me. If the houses are new the people who bought them could have been at the same stage of life and bought the houses at the same time and are now ready to move on

It looked like a mass exodus when I last moved. But life stage wise there was a gang of us who all bought new builds, had babies and we were all moving as DC headed to secondary school. It could be something like that.