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To sell our land for millions...

(332 Posts)
Rosebyanothername19 Sat 16-Jan-21 23:14:30

Long story short, we baught a house and some land along with it as we had got wind that they might be planning to build houses on it and other surrounding land and we didn't want other houses directly around ours.

We were then told by the local council that there was no chance as it had been rebuffed a number of times and wasn't going to happen. So felt a bit like we had wasted our money.

A few months later we find out that our land is the only land in the area that has been put forward for planning permission, so is potentially worth millions if sold for housing. But also a relief that we baught it so it can't get built on without our consent.

We could sell the land and the house and buy something else. In a way, we have possibly won the lottery. But we love the house and the whole reason for buying the land was so there wasn't houses on it!

So wwyd?

AIBU?

YES: Don't sell the land
NO: Sell the land and the house and buy something else.

OP’s posts: |
WishingHopingThinkingPraying Sat 16-Jan-21 23:16:18

Nobody can really tell you what they'd do here! Neither is a bad choice.

Cocomarine Sat 16-Jan-21 23:19:11

Can you explain this?
You say that it’s been put forward for planning permission, but you also say it’s been rebuffed several times.
If you own it, who has put it forward - you mean, actually applied?

LouiseTrees Sat 16-Jan-21 23:19:47

Could you do both depending on the size of the plot of land or sell only the portion you would be comfortable a house sitting in relation to your house and keep the rest?

Poppins2016 Sat 16-Jan-21 23:20:59

Could you compromise? Keep some of the land (garden extension, paddock) in order to give yourselves a nice view just in case, then sell the rest?

Alternatively, look at whether the land could provide you with an income... rent it out to a farmer? Create a glamping campsite with yurts (nicer to look at than standard tents!)? Just thinking out loud!

Enidblyton1 Sat 16-Jan-21 23:21:32

Well done for buying the land! A very wise move, whether you decide to stay or sell.

If you sold, would you be able to find another comparable house? Moving house is hard work and if you’ve found the perfect one you might regret moving. But if it would be easy to find another similar house I’d consider selling.

Tarararara Sat 16-Jan-21 23:21:47

Has it been allocated in the local plan? Has the local plan been adopted?

Enidblyton1 Sat 16-Jan-21 23:22:07

Cocomarine

Can you explain this?
You say that it’s been put forward for planning permission, but you also say it’s been rebuffed several times.
If you own it, who has put it forward - you mean, actually applied?

I was wondering that too

Rosebyanothername19 Sat 16-Jan-21 23:22:26

No but it was in the system before we baught it but it has taken months for it to get to this stage. We were really surprised when we saw it go up on the local planning lists.

OP’s posts: |
Robbybobtail Sat 16-Jan-21 23:23:15

Who has put in the planning application?

ChardonnaysPetDragon Sat 16-Jan-21 23:23:40

No way.

Keep the land and plant some trees OP.

Pacif1cDogwood Sat 16-Jan-21 23:23:59

No brainer: sell up and by another house in a very nice location. You'll have more funds.

atotalshambles Sat 16-Jan-21 23:24:14

I can see how it would be tempting. But It makes me sad to see countryside and greenery built on though. I also think the UK needs to grow more of on the land and become more self sufficient as the world will face many more challenges.

Robbybobtail Sat 16-Jan-21 23:24:16

So the planning permission is in your name? We’re you aware of this when you bought it? I’m confused.

Anotherlovelybitofsquirrel Sat 16-Jan-21 23:24:59

*bought.

Dawnlassie Sat 16-Jan-21 23:26:10

So somebody has applied for planning permission for houses on land they dont own?

Are you sure you have this right op?

Cherryberrypies Sat 16-Jan-21 23:26:37

As an outsider it’s very easy to say no keep the land stay in your house. But honestly it’s a life changing amount of money. I’d sell and find a new home.

Indecisive12 Sat 16-Jan-21 23:26:55

So you bought the house when previous applications had been made to develop the land. When you bought the house were you thinking of making money off the land or was it just you liked the house? It depends on your feelings about whether you want to stay in your house or if you’ve changed your mind now you’ve bought it and potentially could earn more?

kale123 Sat 16-Jan-21 23:28:36

Sell the land!!!!!

ShesMadeATwatOfMePam Sat 16-Jan-21 23:29:03

You don't have to own land to apply for planning on it.

I would like to think i wouldnt sell op. But who knows if i was sitting on a goldmine i probably would.

ivfbeenbusy Sat 16-Jan-21 23:29:35

I would think the land has been designated for potential development by the Local authority on the Local Plan which means it would more than likely obtain planning permission rather than someone submitting planning permission on land they don't own

tenbob Sat 16-Jan-21 23:30:23

You don’t need to own land to apply for planning permission on it.

Obviously you can’t actually start any work without owning the land though, so there are very few situations where people apply for planning for land that isn’t theirs, as it’s a bit risk to pay for the process, and potentially add huge value to someone else’s property.

But it does happen, it happened to me when an old neighbour applied to extend their house onto the communal garden of my block of flats. Their application had some odd language about their development needing ‘only minor changes in ownership’ to complete
The brass neck of the fuckers

hotchocdrinker Sat 16-Jan-21 23:30:33

Local councils are under pressure from central government to identify land suitable for housing. I suspect that the OP means that her land has been identified as a site suitable for housing. This does not mean that a planning application has been submitted, but it does indicate that the local planning department will look favourably on an application for a suitable development. Although it may be slightly bizarre in some circumstances, you can apply for planning permission to build on land that you do not own.

PregnantGotCovid Sat 16-Jan-21 23:30:53

Is it really millions? Then sell the land for sure.

Popsy321 Sat 16-Jan-21 23:31:09

Pacif1cDogwood

No brainer: sell up and by another house in a very nice location. You'll have more funds.

Agree. No brainer for me personally.

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