To sell our land for millions...

[Rosebyanothername19]

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.

[Ddot]

Virgin bloke dyslexic he's worth millions too 🤣🤣🤣🤣🤣

[Ddot]

Good for you! Look around for something else, just incase you change your mind.
If the land does get planning permission, not a bad thing. I'm not 100% sure but I think I heard it lasts for quite a while once granted.
I too can't spell 😘

[bemusedmoose]

i wouldnt.

You said you love the house so stay and enjoy - the value is only going up!

Personally i would love a wodge of land.

Also - they cram houses in like bloody sardines on land like that - you will end up with a huge flipping estate and the whole area will be ruined.

[chaosmaker]

@lemonsandlimes123

Hennaoj- makes a really good point. That would be a nightmare scenario because no bugger is then going to want to buy your house knowing that a massive housing estate is going to be built next door. Good news is, the bar is pretty high for compulsory purchases!

Surely can't be that high. Look at the destruction of ancient woodland for the hs2 vanity project. Oh and all the homes destroyed

[irregularegular]

Impossible to answer in the abstract. I'm afraid I'd be doing a cold blooded comparison of what I could buy with the estimated value of the house and land (have you asked an agent?) with what I have now. Nice as it might be to "save" the plot, houses need to be built somewhere, and will be built somewhere. Possible somewhere more destructive than your plot. You are not going to singlehandedly stop house building.

So, unless you have a very strong emotional attachment to this particular piece of land and the people near it, I would sell if the sums add up.

Of course, there isn't necessarily a rush. You could wait a bit.

[Mummylovesutoo]

Do you suppose the liquidators knew about the Planning Application and deceived you by not mentioning it, so that they could make a triple sale ie the house plus two plots of land. I find it quite remarkable that you only found out about this Planning Application via a residents consultation regarding it. As I already mentioned, I would quickly seek legal advice, especially as you say that it's all a conundrum to you. They would be able to help you with all the legalities, red tape and anything else pertaining to your situation. You need to know your legal standing and if you indeed would stand to gain millions or lose out all together. II really hope you will be able to stay and keep your land permanently without further interference.

If you do find yourself having to move please make sure everything is watertight from the get go.

Wish you all the best whatever you decide.

[Mummylovesutoo]

I would also seek legal advice just in case, especially given that you say the Planning Application was in place BEFORE you purchased the land.

[EvilPea]

One thing worth noting is developers have to protect what known wildlife is there, but they don’t have to do an ecological survey to find out what’s there.
It won’t stop a build but they then have to mitigate and move those of significance.
But if you do sell it is well well worth seeing if you got one done, if that would then mean the developers had to protect what’s there.

[Nat6999]

Is it that without your piece of land the rest of the land can't be built on? Is your land the key to all the development going ahead or failing due to access? If this is the case I would sit on the land for as long as possible & let the developers keep on making higher & higher offers until they make you an offer you can't refuse.

[yogi1]

I know someone who has done this in my village but they still kept the house and the developers gave then a million to build on it. They are 2 teachers, one the head so they weren’t short of money but they are staying put. The developers have started building and the first one isn’t right next to their house. They’ve built a road quite wide as the entrance to the new development and the first one isn’t very near their house there’s still a lot of space and has been built at a different angle so doesn’t overlook theirs. Only 5 houses are being built there and these are like 6 bed to ion detached homes. But the one teacher, the mum has just stopped working, only in her 30’s, and is now on the planning committee for the council, voluntarily so she is finding out about other plans developers have in the village. They have 3 children and are just keeping the million as a nest egg. If you can speak to the developers you may be able to come to some arrangement about the positioning of the houses in return for selling them the land. This family did. Worth a try .

[EvilPea]

@Mamanyt

SIGH...unless you can find, quickly, land and a home that you love just as much, follow your bliss! I can tell you that should you sell it, just for the money, your best bet is to never go near it again. If you do, something in you will cringe and die a little every time you see the land you love covered in housing, all the beauty stripped away for the sake of expediency. Money comes and goes. Land is forever.

I can’t drive down the road of my old rental for this reason.
It’s just too upsetting seeing the beauty that was there, gone. It utterly broke me.
Would I feel differently with a couple of million in the bank? Doubt it.

[EvilPea]

@Graceambrose

You have a win win opportunity. Sell, and give away half to your favourite charity, and buy another house which offers you all you wish for.

Not for the wildlife who wake up and think it’s a normal day in their home because they didn’t get the eviction notice.

[Ellen2shoes]

I hope your favourite charity is Crisis

[Graceambrose]

You have a win win opportunity. Sell, and give away half to your favourite charity, and buy another house which offers you all you wish for.

[Mamanyt]

SIGH...unless you can find, quickly, land and a home that you love just as much, follow your bliss! I can tell you that should you sell it, just for the money, your best bet is to never go near it again. If you do, something in you will cringe and die a little every time you see the land you love covered in housing, all the beauty stripped away for the sake of expediency. Money comes and goes. Land is forever.

[numberoneson]

I'd definitely keep the house and land if I were you. The whole reason you bought the land in the first place was because you love the particular house you've got, and wanted privacy. Having moved (donkey's years ago, but still!) from the town to a secluded area myself, I would be very reluctant to find myself in the position of having to look for somewhere else that I'd feel as happy in. If it's as much money as you think you'd get, maybe that would mean you could find another house you'd like as much, but money isn't always the right answer ... just thinking out loud.

[luxxlisbon]

So the council have told you planning permission has been denied several times but also that the land has planning permission?
Have you only recently bought the property? I’m surprised the planning permission wasn’t discovered on the very basic searches your solicitor should have done.

You can go on your local planning portal and find out the details of the planning permission. Obviously what exactly has been approved will have a huge impact on the value of the land and whether or not you want to live next to it.
Also planning permission does not last forever so if you have owned the property for a while it is probably past the point now.

I do find it slightly unlikely that you bought land with planning permission but didn’t pay market value yet you now assume you can sell it on for millions? Why would the previous owner not have known about a recent planning app on their own land? This doesn’t entirely sound plausible.

[Ellen2shoes]

Oops pardon the repetition, thought it hadn’t posted

[Ellen2shoes]

I would sell the land with the stipulation that it be for social housing

[Ellen2shoes]

I would sell the land stipulating that it must be for social housing

[strangerontheinternet]

Sounds like it's only zoned for housing so that doesn't mean a developer will want to buy it or that it's worth millions but it could be. Anyone on here on their high horse pretending they wouldn't take millions if they could and they'd keep the house is a liar or stupid! If you seriously want to explore this you'll need to look at getting into negotiations with developers. What would be most likely would be an option agreement. Basically you enter an agreement with a developer that says they have X years to apply for and attempt to secure planning permission and if and when it's granted they get to buy the land from you at X price. The developer takes the risk and incurs the cost of applying for planning etc and you basically can't do anything with the land till you wait and see. If they get their planning then there is already a contract in place for the sale of land to them with you. I'd contact a surveyor/land agent about potential value and they might be able to put you in touch with developers who might be interested.

[AdobeWanKenobi]

@Dontsayfuckorbugger

It's bought not baught. Sell it and buy some English tuition. Yes I'm feeling bitchy tonight

Feeling equally bitchy, why not shell out on some lessons in manners and then when you're done double check your comprehension.

OP is dyslexic, which had you bothered to read the thread, rather than swanning in to be rude, you would know.

[Dontsayfuckorbugger]

It's bought not baught. Sell it and buy some English tuition. Yes I'm feeling bitchy tonight

[cookie4640]

No brainier for me too. Get outline planning, make sure it’s in place, and price the land accordingly. Or, put an uplift clause in the contract. I cannot wait to stumble upon some land then build houses in it. Years ago my FIL sold some land to the council for a few grand. No clauses nothing. The council then decided it was appropriate for building on and sold it for £2million. Our time will come! Your time has come already, sell up, move somewhere new and be thankful you’ve basically won the lottery.

[Yorkshiretolondon]

@Dawnlassie

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

Are you sure you have this right op?

Exactly what I was thinking?