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Bulding land
- Thread starter sandwell
- Start date
B
breezer
yes
I think a lot would depends how big your garden is and is it noticeable when it's smaller. At the moment the size of the tidy garden is a good selling point, I think the estate agent will be able to advise you on this.
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- 1 Jun 2004
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There are quite a few points to consider here:-
do you want to sell?
are you going to suffer from the project, i.e. dirt and inconvenience?
will there be sufficient access to the site?
will your remaining property benefit or particularly not?
will you be overlooked by the new-build?
does the prospective buyer want more land from other plots and is the acquisition of this dependent on the purchase of your land?
will the "tapping" of utility supplies affect your own?
is the sale subject to planning permission being granted?
can you get a better price?
can you hold the buyer to "ransom"?
could you make money out of buying the land the "developer" needs before he does, then selling it to him/them?
Good luck,
do you want to sell?
are you going to suffer from the project, i.e. dirt and inconvenience?
will there be sufficient access to the site?
will your remaining property benefit or particularly not?
will you be overlooked by the new-build?
does the prospective buyer want more land from other plots and is the acquisition of this dependent on the purchase of your land?
will the "tapping" of utility supplies affect your own?
is the sale subject to planning permission being granted?
can you get a better price?
can you hold the buyer to "ransom"?
could you make money out of buying the land the "developer" needs before he does, then selling it to him/them?
Good luck,
That is a very well made point chappers. The valuation of your land should be based on the realisation value of the development that is going on it. Make sure that whatever is being intended to be built there that it is sold with planning permission, even if it means you have to fork out to get the outline permission. It will make your land much more valuable and attractive to any developer.
Also if you are going to sell part of your garden to a developer, make certain you have no intentions of a friendly relationship with your neighbours! 
The developer will almost certainly put in a condition of "purchase subject to planning permission". So, as well as considering all the above points (nice list from planenut there!), decide if you want to live there much longer.
Less than a year and you might move before there is any chance for the developers to push things through,
1-3 years and you may be trying to sell whilst next to a building site,
3+ years and your view might be obscured by a new house. Have a look at what they propose to build there.
At the end of the day, only you can make a decision as to whether or not the money they offer you is worth it. They might never be allowed to build anyway!
The developer will almost certainly put in a condition of "purchase subject to planning permission". So, as well as considering all the above points (nice list from planenut there!), decide if you want to live there much longer.
Less than a year and you might move before there is any chance for the developers to push things through,
1-3 years and you may be trying to sell whilst next to a building site,
3+ years and your view might be obscured by a new house. Have a look at what they propose to build there.
At the end of the day, only you can make a decision as to whether or not the money they offer you is worth it. They might never be allowed to build anyway!
Thanks for all the interesting and thoughtful replies.
The dilemma for me is that as I am getting older, I realise that I will not be able to cultivate the garden for ever, and would not like to leave my wife with the problem if I pre-decease her.
A good price has been promised, but I do not need the money now, although my children could certainly use it.
Planning permission has already been obtained. A house would be built, but the piece of ground I could sell would then be the garden for the new house, so we would not be overlooked.
I know that from the end of September until the following March each year, I rarely venture to that part of the garden anyway.
I have spoken to a couple of estate agents who I know (not a professional consultation) and in their experience large gardens are out of fashion for the majority of house purchasers now. Very few want to cultivate a vegetable garden.
Will keep pondering.
The dilemma for me is that as I am getting older, I realise that I will not be able to cultivate the garden for ever, and would not like to leave my wife with the problem if I pre-decease her.
A good price has been promised, but I do not need the money now, although my children could certainly use it.
Planning permission has already been obtained. A house would be built, but the piece of ground I could sell would then be the garden for the new house, so we would not be overlooked.
I know that from the end of September until the following March each year, I rarely venture to that part of the garden anyway.
I have spoken to a couple of estate agents who I know (not a professional consultation) and in their experience large gardens are out of fashion for the majority of house purchasers now. Very few want to cultivate a vegetable garden.
Will keep pondering.
Yes, I think you're right but depends how the garden is made up. My mum have a large garden and it take a lot of her time to keep it tidy and yet with me who have bigger garden with hardly anything to do to it! I do think a tidy garden with low maintenance is a selling point.sandwell said:I have spoken to a couple of estate agents who I know (not a professional consultation) and in their experience large gardens are out of fashion for the majority of house purchasers now. Very few want to cultivate a vegetable garden.
Will keep pondering.
I say go for it as a offer like this may never happen again!
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