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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

If someone offered you 50k

99 replies

Greywalls12 · 24/06/2019 16:13

To use half of your garden to build a house, would you?
House is end of terrace, so would make it a terraced house.

OP posts:
PickAChew · 24/06/2019 16:14

Not without checking the actual value of the land, first.

HarperIsBazaar · 24/06/2019 16:15

This reply has been deleted

Message withdrawn at poster's request.

SaveKevin · 24/06/2019 16:15

Not unless I really needed it.
The building would do my head in, the devalue of your own property and the loss of potential to my own.

TheFreaksShallInheritTheEarth · 24/06/2019 16:16

No. You’d probably knock more than 50K off the value of your house.

AryaStarkWolf · 24/06/2019 16:16

I wouldn't but it depends on how much you want the money/care that your house will now be terraced/care that you're losing some garden etc etc

EyesOpenWide · 24/06/2019 16:16

No.

Iamclearlyamug · 24/06/2019 16:16

no chance - the value of the land would be higher than that anyway. not worth it for the disruption, plus it would devalue your house as end of terrace are always more valuable than mid terrace

IWouldPreferNotTo · 24/06/2019 16:17

Probably not.

It depends on

  1. What is the land worth
  2. What impact will it have on your property value
  3. What impact will it have on you during the building period
  4. Any issues with access rights/water/drainage etc.
MrsTerryPratchett · 24/06/2019 16:17

No.

Desmondo2016 · 24/06/2019 16:17

I imagine it would devalue yours by most of the 50k if not all of it. If you were thinking you may sell at some point why don't you see if they would be interested in buying the whole lot, for an inflated price, obviously!

rideawhiteswan · 24/06/2019 16:18

No, you might devalue your own house by now than that, that's derisory amount in my opinion.

RB68 · 24/06/2019 16:18

No Land would be worth more than that as you need to take into account devaluing of yours as well

Oysterbabe · 24/06/2019 16:18

No way.

WeShouldOpenABar · 24/06/2019 16:19

Absolutely not bits of land like that go for 100s thousands round here

Drum2018 · 24/06/2019 16:20

Are they likely to even get planning permission? Why can't they buy an actual site for sale? You would seriously decrease the value of your house by doing this, as well as losing your garden. Not a chance I'd do it.

A couple near us did similar at the side of the woman's parents house. She ended up leaving her Dh and he stayed on in the house with the kids but didn't speak to the parents - very awkward.

Iggly · 24/06/2019 16:20

Where are you?

If London then no chance! Borrow the money and build then se yourself 😂

NeverTwerkNaked · 24/06/2019 16:21

Not without getting detailed independent advice on
-how much the plot was was worth

  • how much it would devalue my property by
  • the practical risks of that kind of construction
steppemum · 24/06/2019 16:22

there are too many unanswered questions.

  1. is this the actual value of the land?
  2. making your house a terrace with reduced garden - what value will it lose?
  3. Given 1 and 2 - is it worth the hassle of living by a building site for 18 months?

I might, if I thought it was worth it.

Loopytiles · 24/06/2019 16:23

Would this even be permitted planning?

Greywalls12 · 24/06/2019 16:24

It would actually probably be about a third of our garden, but i would be concerned about how much it would de value our house, but we aren't looking to live here long terms, probably 5 years at most

OP posts:
NK1cf53daaX127805d4fd5 · 24/06/2019 16:25

No

Greywalls12 · 24/06/2019 16:25

I don't know what the value of the land is, you'd be able to build a two bed on it, so it's not massive

OP posts:
Backstabbath · 24/06/2019 16:26

All depends where you live. Middlesbrough then yes probably... Chelsea or Kensington then no.

arethereanyleftatall · 24/06/2019 16:26

Totally depends doesn't it?
Half of one garden could be worth more than £50k (1 acre in Kensington) whereas one half of another garden (25m squared in rural wales) is not worth £50k.

Oliversmumsarmy · 24/06/2019 16:26

Depends on how much it devalues your house and would it make it hard to sell if the garden is so much smaller

If it only reduces your value by say £20k and half the garden would still leave you a fare size garden then I would check the value and sell