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Any experience of buying a place to demolish and rebuild

Thefunkygibbons
Thefunkygibbons Posts: 1,381 Forumite
As we narrow down our thought process, looking at larger bungalows on mid sized plots with a view to replcement

Obviously not a new idea, but wondered who has done this before

pitfalls?
«1

Comments

  • It may be more cost effective to buy a bit of a wreck, strip out and massively extend rather than demolish completely and start again. This way you already have half of your structure, foundations and drainage in place. Planing might be easier too. Stick a nice double oak-framed garage in the corner of the plot and job done.
  • lincroft1710
    lincroft1710 Posts: 19,093 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Plenty of people have done this. However detached bungalows don't usually come cheap and demolition isn't as cheap as it was (cost of removing materials etc). In some areas there may be a planning issue if you intend to replace a single storey dwelling with a 2 storey. You could easily spend £300K plus to end up with a £100K building plot.

    But if the location's just right for you.......
    If you are querying your Council Tax band would you please state whether you are in England, Scotland or Wales
  • googler
    googler Posts: 16,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Gaining the planning consent would be the immediate pitfall, with difficulty of placing a 1.5 or 2 storey where there was a bungalow before.

    Relocating drainage and other services to fit the new design would seem to be the second.
  • Thefunkygibbons
    Thefunkygibbons Posts: 1,381 Forumite
    I would love to find a £100k building plot, but the cheapest I have seen around us is nearer £400k (Hants/Surrey borders)

    I guess I should start an informal discussion with the local planners
  • Gwhiz
    Gwhiz Posts: 2,322 Forumite
    Part of the Furniture Combo Breaker
    1 for 1 replacement is easy. Bungalow to 2 story may be difficult. Always best to go and have a chat with the planning department first.

    I'm about to do the very same thing this week.
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I don't think posters are necessarily right saying that changing from 1 to 1.5 or 2 storey is difficult. It may be, but certainly not everywhere.

    Where I am, the local authority now has a bias against bungalows in rural areas, though it may be a different matter in towns. I've had informal discussions with a planning officer, and he said any application to extend would be looked on more favourably if an attempt was made to make the place look more like a house.

    In my own case, I wouldn't demolish, but I have cavity walls, not a concrete jobbie or a wooden pre-fab.
  • MX5huggy
    MX5huggy Posts: 7,169 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    The big advantage is that on a new build you claim back the VAT when you have finished, not an option on refurb. The disadvantage is that a new build would have to meet new energy efficiency levels, which is getting increasingly difficult / expensive to meet.
  • Thefunkygibbons
    Thefunkygibbons Posts: 1,381 Forumite
    Not too stressed about energy efficient as I would like to have high spec in that regard, including possibly ground source heating, greywater harvesting et al

    Looking around, there is not a decent plot anywhere also at any price. They always seems to have flaws, hence the search for a demolish and replace
  • Gwhiz
    Gwhiz Posts: 2,322 Forumite
    Part of the Furniture Combo Breaker
    Not too stressed about energy efficient as I would like to have high spec in that regard, including possibly ground source heating, greywater harvesting et al

    Looking around, there is not a decent plot anywhere also at any price. They always seems to have flaws, hence the search for a demolish and replace

    I sold my house 3 years ago, moved into rented and have been plot hunting ever since. It's only now that I'm starting to get info on plots or knockdowns that would work. Easy it is not!!!
  • An acquaintance of mine did exactly this. He bought a bungalow on a large plot on 2007 for £550k and replaced it with this.
    3.9kWp solar PV installed 21 Sept 2011, due S and 42° roof.
    17,011kWh generated as at 30 September 2016 - system has now paid for itself. :beer:
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