S
simon Bidmead
New Member
Hello,
I wonder if anyone could offer me some advice.
I have had an offer accepted on a top floor 2 bedroom apartment (2nd floor in a small office converted to apartments) that I am planning to live in and keep longer-term as an investment. Part of the appeal of the apartment was the fact it was on the top floor I was hoping it would be relatively quiet as the building would be completed prior to tenants moving in (I was the last person to move into the building).
However I have recently found out that the developer is planing to obtain permission to build 2 penthouse apartments (on the roof of the building) and this plan was not communicated in the original plans or to myself until the day after I had provided my deposit.
I am waiting to bet formal plans for the developer to understand the impact, however they have feedback that the penthouses will not be built directly above my apartment but other apartments on the top floor will.
I am a little concerned on whether this would have a negative impact on the value / desirability of my apartment.
The apartment I purchased was at £230k and the penthouses are planned to go on the market at £250K. What would any experts advise? and is it likely that this penthouse construction will have a negative impact on my investment? My purchase has not yet completed so I do in theory have the option to not complete the purchase of the property if it would not be a good investment.
Any advise would be greatly appreciated.
I wonder if anyone could offer me some advice.
I have had an offer accepted on a top floor 2 bedroom apartment (2nd floor in a small office converted to apartments) that I am planning to live in and keep longer-term as an investment. Part of the appeal of the apartment was the fact it was on the top floor I was hoping it would be relatively quiet as the building would be completed prior to tenants moving in (I was the last person to move into the building).
However I have recently found out that the developer is planing to obtain permission to build 2 penthouse apartments (on the roof of the building) and this plan was not communicated in the original plans or to myself until the day after I had provided my deposit.
I am waiting to bet formal plans for the developer to understand the impact, however they have feedback that the penthouses will not be built directly above my apartment but other apartments on the top floor will.
I am a little concerned on whether this would have a negative impact on the value / desirability of my apartment.
The apartment I purchased was at £230k and the penthouses are planned to go on the market at £250K. What would any experts advise? and is it likely that this penthouse construction will have a negative impact on my investment? My purchase has not yet completed so I do in theory have the option to not complete the purchase of the property if it would not be a good investment.
Any advise would be greatly appreciated.