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House price falls due to new housing estate

I am looking for advice on how to make a claim against local council, I have just had my home valued and was shocked to be informed the price has dropped by £30,000 in three years , the local estate agent informed me the main reason for the substantial drop was the new Paradigm housing estate which was built at the end of my road, Initially the estate was to be divided into three categories , 107 units were to 63 affordable rented accommodation , 24 homebuy units, 20 private units, However the council decided to make the whole estate 100% affordable rented accommodation, None of the residents in the area were informed of the change . Any advice please ,

Asked on Sep 22 2011, House Prices in Luton | Report content

Answers (1)

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  • House prices have dropped, it will be little to do with the new builds. You won't have much luck claiming against the council, I know, I work for the council.

    Answered on Sep 23 2011, Report content

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