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.

[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.

[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.

[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

[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.

[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 😘

[Ddot]

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