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What can you build on half an acre?

24

Comments

  • bo_drinker
    bo_drinker Posts: 3,924 Forumite
    dazco wrote: »
    Looks like I was right then.

    They are taking the pi55.:o
    I came in to this world with nothing and I've still got most of it left. :rolleyes:
  • bing0
    bing0 Posts: 451 Forumite
    Part of the Furniture Combo Breaker
    dazco wrote: »
    I have inherited a house on a half acre plot, the plot has planning permission for another house to be built on the land (as well as the existing house).

    An estate agent came round to value the house and said that if planning permission was given then is usually an indication that it would be given for other projects.

    The house is in a really nice area and I just wondered, if the lot was pulled down, what could be built there. Logistically.

    The plot is approx 50m by 45m and is on a corner.


    Turn it into a dog walking area,there is never enough areas to let people step in !!!!!!....
    "Do not let what you can't do interfere with what you can do."
  • ds1980
    ds1980 Posts: 1,213 Forumite
    hotel, garage, restaurant, gym, swimming pool, small equestrian centre (shetland), smallish race track (remote controlled), allotment, bonfire (big), hole (big), model village, smallish wood, pond (big), igloo, statue, adventure playground, car park, clinic (sti), boat house, pub, summer house, hot tub emporium, pet shop/wildlife sanctuary, vault, sportshall, subterranean house, log cabin, upside down house, wendy house (big) or several small ones, beehives, sculpture, dog training area, fence, marsh, matchstick formula one car, casino, walk in doctors surgery, retirement home (thinking of you)....just a few suggestions feel free to chip in
  • mewbie_2
    mewbie_2 Posts: 6,058 Forumite
    1,000 Posts Combo Breaker
    If it's a nice house in a nice area why don't you just leave it alone. Either live in it or sell it, but don't do what every effing cowboy 'builder' has been doing for years and that is ruining perfectly nice streets with scuzzy developments.
  • What rubbish advice from your estate agent (they always seem to think they know more about planning than any of them do - no offence to any estate agents on these boards!) - if the land is suitable for residential development then any other use is unlikely to be acceptable. The reason for this is because land for other uses (hotels, leisure uses, doctor's surgery - to cherry pick some of your list above) is usually allocated in the Local Plan, therefore if the land was 'suitable' for any of those uses it is unlikely to be suitable for residential use, which is obviously not the case.

    We need to know more about where the land is and what's around it before being able to provide any advice, and even then, like someone above says - it's your local Council that provides the planning policy - have a look at their local plan on their website.
  • dazco wrote: »
    Thanks for all your replies. I would have thought that very nice apartments was the way to go.

    Depends on the character of the area - are there any other apartments nearby?
  • guppy
    guppy Posts: 1,084 Forumite
    Part of the Furniture Combo Breaker
    If you're aiming to make money you will probably make the most money by building a new house and keeping/selling the existing one.

    One large house probably won't be worth as much as two smaller ones.
  • dazco
    dazco Posts: 19,261 Forumite
    Depends on the character of the area - are there any other apartments nearby?
    No, Just large detached houses.

    You can Google Earth it PR5 4bh. Big plot on the corner of two main roads.
    S!!!!horpe
  • dazco
    dazco Posts: 19,261 Forumite
    bo_drinker wrote: »
    They are taking the pi55.:o
    Yes I know. So was I.
    S!!!!horpe
  • GDB2222
    GDB2222 Posts: 26,092 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I had a look on Google Maps. This looks like a nice residential area with large detached houses on it. I don't see how you are going to get permission to build in front of the present building line. So, with the house already on it, there's room to squeeze a second one onto the plot next to it. I don't see you getting permission to cover the site.

    Possibly, as you say, a smallish block of flats if you knock the existing house down. You'll need to do some careful budgeting, even then. Say you build 6 x 1000 sq ft flats on the site, then building costs = say £600k. Plus say £100k for demolition, planning, architect's fees, etc. Plus say £100k financing/marketing costs. So, just as a guess it'll cost £800k to build this. Plus say £300k/£400k for the value of the existing property, so you're getting up to £200k per flat before the developer has made any profit. How much would nice flats sell for there?

    The alternative, of carving off the second plot and selling the existing house, might well maximise your value from the site.
    No reliance should be placed on the above! Absolutely none, do you hear?
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