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Greenbelt Land for sale where several plots within the property have been sold as freehold

32 replies

Bekksy · 06/09/2020 00:07

Hi

I am hoping for a little advice please.

There is a piece of land that is up for auction. The land, in the greenbelt, has a weird situation where it was previously subdivided and about 1/3 of the plots were sold off as freehold plots. So essentially I would assume that those freeholders still own their land. However the owner of the overall title went bankrupt and now the entire lot is up for sale.

Can anyone explain the rights of those freeholders. There is no access to individual plots. There is no road or utilities on the land. Basically I want to know if a developer could potentially try and develop on the land or do these freeholder owned plots make this impossible.

Any help would be greatly appreciated.

Thanks

OP posts:
Bekksy · 09/09/2020 17:10

Ah well. We tried but failed. We pushed it as far as we could be were pipped at the post. I hope the new owners are good to the land and don't try to build on it.
What a rollercoaster of emotion though. Wow!

OP posts:
Saz12 · 09/09/2020 17:13

Ah well, Bekksy, you tried.

Alexalee · 09/09/2020 17:41

What did it sell for in the end?

Bekksy · 09/09/2020 18:43

£78500.00. I had to stop I just couldn't take on that debt. We maxed out at £70k. Sad

OP posts:
Alexalee · 09/09/2020 18:58

Wow. Well done for trying, hopefully it stays as it is for the foreseeable future

bookgirl1982 · 10/09/2020 18:04

It may come back up for sale once they realise they can't do what they want with it. Or it could be another villager wanting to keep it green!

eurochick · 10/09/2020 19:16

What a shame you missed out! I wonder who bought it. It'll be a couple of months before the land registry update is public.

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