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.

I’d sell up and move on.

Thats a toughie and you can only decide. I think I’d be off in a flash though

Sorry, who here is thinking Brexit will stop overdevelopment?

@ChardonnaysPetDragon

Sorry, who here is thinking Brexit will stop overdevelopment?

ChardonnaysPetDragon:

"Oh and btw, this is why it came to Brexit, because legitimate concerns of overdevelopment were not addressed and instead of that everybody who dared bring them was attacked."

@ChardonnaysPetDragon

Sorry, who here is thinking Brexit will stop overdevelopment?

You tell me?!

I'm probably missing something here OP but you explained that you got it through liquidation as the previous owner had gone bust, and that the planning permission (or equivalent that's led you to believe the land is worth millions) had already been sought/approved before your purchase? I don't understand if this is the case why the previous owner wouldn't have just sold the two fields to be able to keep their house? Unless they used the fields for their business?

Overdevelopment as a part of the whole picture of low wage economy, I did say that Brexit won't change that.

Housing is not in short supply, it’s our economy that depends on low paid high volume workers who creates the need for that because we keep importing workers and their families, mostly for the construction industry and that then they end up building the housing needed for themselves while whole town in Eastern Europe are dying. Also, the greed of developers and the overseas investment marketing.

"No, Brexit won't solve any problems.

It's the economy model and the workers will have to come from somewhere else."

And this.

Honestly, reading comprehension is not that hard.

@ChardonnaysPetDragon

Overdevelopment as a part of the whole picture of low wage economy, I did say that Brexit won't change that.

Housing is not in short supply, it’s our economy that depends on low paid high volume workers who creates the need for that because we keep importing workers and their families, mostly for the construction industry and that then they end up building the housing needed for themselves while whole town in Eastern Europe are dying. Also, the greed of developers and the overseas investment marketing.

"No, Brexit won't solve any problems.

It's the economy model and the workers will have to come from somewhere else."

And this.

Honestly, reading comprehension is not that hard.

I said before, I had taken your post in isolation. I'm not spending time trawling a thread for other things you might have posted before quoting / replying to you!

For someone who isn’t spending time on what I might or might posted you sure devoted a lot of posts to me.

@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?

In a lot of areas, especially villages, the Parish Council, or whatever, has had to produce a development plan, identifying land within their boundries with the potential for development. It doesn;t follw that PP would be granted.

@ChardonnaysPetDragon

For someone who isn’t spending time on what I might or might posted you sure devoted a lot of posts to me.

Why the derail?

@hansgrueber - this is true however the allocation of land in a Plan means the principle of development on the site is considered acceptable, subject to meeting any relevant policies. If a planning application is submitted that meets it's likely it would be permitted - if it was refused the decision would be appealed and allowed by an inspector, and chances are the Local Authority would have to cover the developer's appeal costs.

An allocation is a significant step towards gaining planning permission and most sites put forward won't be allocated

What derail, nicebreeze?

You put across some untrue statements about what I said, I put you right. That’s not a derail.

@ChardonnaysPetDragon

What derail, nicebreeze?

You put across some untrue statements about what I said, I put you right. That’s not a derail.

I put forward no untrue statements about anything. I quoted your posts at every point and challenged them; you then expanded on the posts I quoted and I apologised for taking one post out of context. You then had a dig at my lack of reading comprehension skills. It's a classic derail. Let's get back on topic

Well, exactly. Selectively quoting posts and then complaining when challenged and put right is what you are doing. Give over.

@ChardonnaysPetDragon

Well, exactly. Selectively quoting posts and then complaining when challenged and put right is what you are doing. Give over.

If by "selectively quoting" you mean 'quoting a single post in full' then I'm guilty as charged 🤷🏼‍♀️

When in a hole stop digging, nicebreeze.

And stop derailing the thread.

May be an uplift clause on the land with the previous owners where they get a certain percentage so check!

@ChardonnaysPetDragon

No way.

Keep the land and plant some trees OP.

I agree, it's so sad seeing everything being built on all the time! It's easy for me to say though, obviously I'm not sitting on valuable land! A woodland would be lovely for you and your kids though...The woodland trust give away free trees..

Also confused, who put the planning application in if not you? apologies if you answered this previously ive not read all comments. Also you must be talking a lotta lotta land which sells roughly in uk approx £12,000 an acre depending where it is, if worth millions. (only know as very close person to me recently went through this) If it is id sell buy elsewhere.

If you don’t need the money. Keep it, enjoy it.
I’m in an area which has a sudden surge in interest from developers. They are ruthless in their behaviour and ruthless in the decimation of wildlife. With rules being broken left right and centre, you complain and it’s met with shrugs.

I also rent so it’s not like I’m sat in my owner mansion being all NIMBY.

DH has 3 wealthy friends who have bought land as you suggest and built small houses for their children so they have somewhere to live and everyone’s happy and local as none of them would have afforded local houses without. That seems a lovely thing to do without decimating the wildlife and area but still providing for your family.

Despite what the council say I can tell you planning would be granted on your land. My old rental was the same, it took 15 years for it to get through (in the end they got it through by killing bats and ripping down the planning application notices) but they got it and the landlord was offered 4x what it would have been worth as a house.

It’s a no brainer...sell sell sell. Clear the mortgage and enjoy life. If you don’t build on it, someone else will.

This post doesn’t really make sense to me. There are a lot of plot holes.

@Barney60

Also confused, who put the planning application in if not you? apologies if you answered this previously ive not read all comments. Also you must be talking a lotta lotta land which sells roughly in uk approx £12,000 an acre depending where it is, if worth millions. (only know as very close person to me recently went through this) If it is id sell buy elsewhere.

You don’t have to own land to put planning in

You could apply for planning on your neighbours. Developers do it all the time on the basis everyone has a price so they know they’ll get it in the end

@midlifeangst

It’s a no brainer...sell sell sell. Clear the mortgage and enjoy life. If you don’t build on it, someone else will.

They can’t build on it if you own it.