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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

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Original poster

How much to offer? Land to extend my garden

71 replies

Jonesn1 · 04/03/2020 19:17

Hi All,
The developer seems keen to sell the land behind my property, however they have said make an offer. I don't know how much to offer!!

As per image attached, the land would make quite a substantial garden extension.

How much to offer? Land to extend my garden

OP posts:

Thread gallery

mrsbyers · 04/03/2020 19:17

How much do you think it would add to the value of your home ? At a rough guess personally I’d pay £5k

Kastanien · 04/03/2020 19:21

Would he be likely to build a house on it otherwise? Does it have any PP?
I think £5K would be reasonable too, unless you are in Kensington or something.

opticaldelusion · 04/03/2020 19:23

It really depends on where you are...

opticaldelusion · 04/03/2020 19:25

A plot in the SE with planning permission for a family home could be worth six figures...

Daisydoesnt · 04/03/2020 19:30

Have you got a friendly estate agent you can ask for advice? I would make it a good offer, if I were you, because it will add a lot of value to your home I would think. The same would be true of your two neighbours by your photo who have gardens that also back onto/ are parallel to the plot. You don't want it going to them if you can help it!!

Calvinlookingforhobbes · 04/03/2020 19:34

£3-5k

Original poster

Jonesn1 · 04/03/2020 19:36

Thanks all, the land has no access from the road as the other land to the right is part of a flood defence system, so planning permission is very unlikely.
The other neighbours have been here since the houses were built 12 years ago and have shown no interest in purchasing. It would definitely add value as my plot space with the additional land would be quite substantial .

OP posts:

Asdf12345 · 04/03/2020 19:36

Half what it would add to the value of your home plus their legal fees is as I understand it the expected amount.

If none of your neighbours want it you may get it for less, if you get a bidding war going it may go higher.

Consider also if you could get another house on there or if a neighbour with easier access (like the one on the left of your photo) could, it’s likely to be worth more to them.

The value will vary hugely depending where in the country you are but assuming they want rid of it, minimal legal fees, and nobody else is interested I would still feel 5k is exceptionally good value if you got it for that little.

EnriqueTheRingBearingLizard · 04/03/2020 19:37

Is there any independent access to that plot of land, or is it currently only of any value to you?

Asdf12345 · 04/03/2020 19:37

If it has no access to a road where does the gate go?

SpeckledyHen · 04/03/2020 19:38

We sold a piece of land for £25k 15 years ago to a property developer who needed amenity space for a house he was converting into flats .Without it he couldn’t get planning permission to do the conversion .

It was the end of a garden at an investment property we owned next door .
It measured 4m x 5m . It was worth a lot to him and nothing to us .

Asdf12345 · 04/03/2020 19:38

And where does the gap at the far left corner go?

LittleFishSwim · 04/03/2020 19:41

Wow that would make such a difference, would you be able to extend the house? It would increase the value quite a lot I’d have though and there are only a limited number of people who would be interested in it. We previously offered £10,000 to a neighbour to extend our garden, they were really offended and didn’t talk to us for years! I would try and think of an amount you’d be happy to pay, how much joy would it bring you? You could also ask a local estate agent for an idea on the increased value it would put on your house.

SoloMummy · 04/03/2020 19:44

Where we are, 10k would get you space to park a car and just about enough space to build a basic garage for the car.

Original poster

Jonesn1 · 04/03/2020 19:45

The land was planned to be a park back in 2003, however the park was relocated to the entry of the estate. So the top left comes here.. I guess they could make that a road.

OP posts:

Jonb6 · 04/03/2020 19:47

5k as a starting point

EnriqueTheRingBearingLizard · 04/03/2020 19:47

Sorry I cross posted.

Who's dealing with the offer for sale? Speak to them. Offer a fraction of what they want and work up. Agree to pay a contribution towards their legal fees but ex VAT as they'll claim it back.

Redfromfragglerocksmum · 04/03/2020 19:50

If they are using your garden for access and you hold the key technically for the development then yes it could be good money. My parents had their land bought by developers and received north of 6 figures. It’s just depends on how much they need your land to do what they want.

Original poster

Jonesn1 · 04/03/2020 19:50

The previous owners left me with planning consent for a single story extension to the back of the house. I don't need it currently but the extra land would mean I could and still have a nice garden size.

OP posts:

Redfromfragglerocksmum · 04/03/2020 19:51

Ah, are you buying the land from them? I got the wrong end of the stick!

stuntbanana · 04/03/2020 19:52

If the plot is land locked , ie no access except from the neighbouring properties it has very limited value and is only of value to one of the houses bordering it.
I personally would either offer low plus costs something around £500 to £2000 or alternatively get a local land agent / Valuer to value the plot .
If what you offer is too low for the developers they will soon advise you but in reality it's not really worth anything to them as such so anything they get is a gain

Original poster

Jonesn1 · 04/03/2020 19:56

This is what they said..

With regards the price, unfortunately we never transfer assets for nil value and as such an offer will need to be made. We appreciate that planning is unlikely, but there is still a value attributable to amenity space. Please give this some thought and come back to us. We will also require you to pay our legal costs associated with drafting the transfer. These usually amount to £500.

OP posts:

GraceQuirrell · 04/03/2020 20:12

Given that there is separate access to it albeit pedestrian only I would do all I could to be able to buy it, not just because it would extend my garden, but because knowing the developer wants to sell they might offer it on the open market. If that were to happen you could end up with people buying it to keep chickens, or as a dog exercise area, or a private park for their children & friends etc. If they are seeking an easy quick sale then they might well accept a lowish figure from you. I think I'd go in at £3k to include their costs and see what they come back with - if they reject it out of hand then I might try again at 5k inc costs.

KnifeAngel · 04/03/2020 20:14

Planning permission only lasts a short time usually so you won't still have permission.

Hugsgalore · 04/03/2020 20:23

Well seeing as it is of little value to them go in with a low offer 2k plus legal fees and see where they stand. If you get laughed at then you know to go a bit higher!!

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