Overage again.

lostinrates

http://www.rightmove.co.uk/property-for-sale/property-22697143.html?utm_content=ealertspropertylink&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates_jan09&utm_term=buying&sc_id=4073424

Fair price (IMO very fair) for the land spoiled, for me, by the overage clause. The overage is applicable on planning consent, not sale. :mad:

I hate these things.

Cleaver

I'd want a bit of a discount on account of all that red graffiti.

fc123

.......and no house? It amazes me that anyone can afford to grow anything at all in this country sometimes.

PasturesNew

lostinrates wrote: »

http://www.rightmove.co.uk/property-for-sale/property-22697143.html?utm_content=ealertspropertylink&utm_medium=email&utm_source=emailupdates&utm_campaign=emailupdates_jan09&utm_term=buying&sc_id=4073424

Fair price (IMO very fair) for the land spoiled, for me, by the overage clause. The overage is applicable on planning consent, not sale. :mad:

I hate these things.

Is the overage something that passes to your next buyer ...?
Could do a crafty if not.

PasturesNew

That soil doesn't look good imho... it's burnt out... you'd need another mortgage to fertilize it artificially to force stuff to grow... although I did see a programme about green farming that could correct that.

lostinrates

I think the soil is ok PN, the grade two and three relate to the % rye grass supported in the soil, indicated the pasture/soil type.;) If we were serious we'd soil test anyway. And I guarantee at somepoint the soil I get will look worse before it looks better. I eschew fist grade, I actually want a significant proportion of less ''giving'' land. Fertility has problems of its own when it comes to animal welfare.

It looks a bit ''burnt out'' because, I guess, a cut has been taken recently. The green sward will have been removed and probably all in the drier weather, so not greened up.

The leverage is for a fixed term of 30 years.

PasturesNew

lostinrates wrote: »

The leverage is for a fixed term of 30 years.

I'll probably be dead by then! That's a long time

lostinrates

PasturesNew wrote: »

I'll probably be dead by then! That's a long time

It is a long time.

Its a swizz too, IMO, a huge restriction for young entrants into agriculture.

We all might be dead in thirty years.