pagwill Posted April 28, 2014 Report Share Posted April 28, 2014 If I buy an apartment in a new build block which is next to a new social housing block (also new build) could it affect the investment of the property and the resale of the property? In the new build complex there will be 4 private blocks and 3 social housing blocks - a stipulation from the council as they pulled down and rebuilt the social housing blocks already on the site. The private blocks have been added to the overall site plan. The complex is in a good part of town with great local amenities which is why I am very tempted to buy. Link to comment Share on other sites More sharing options...
Richlist Posted April 28, 2014 Report Share Posted April 28, 2014 Developments which are 100% private are obviously more desirable than mixed developments & so WILL affect value & resale. How much it will be affected depends on lots of factors. Link to comment Share on other sites More sharing options...
Mortitia Posted April 28, 2014 Report Share Posted April 28, 2014 Personally I would not buy in this block. The number of social housing units 3-1 against private sounds like a disaster to me. I find it rare to see developments like this that work - planners/ developers/councils never want to believe it does not work. Link to comment Share on other sites More sharing options...
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