Aquiring Land to extend Garden - Advice needed

Ivenofinmoney

I am about to buy a new property, which is everything we ever wanted except the Garden is not huge, next door there is a piece of land which is part of a Pub Garden. At the end of the garden there is an old bird avery which is near derelict and it's turning into a bit of dumping ground.

The land would be perfect for extending the garden, i have run a check on land registry and identified the owner as a property management company which is wholly owned by the brewery.

Q:

Should I write to the Company to see if they would be interested in selling the land ?

Should i go via the land lord to see if i can gain his support ?

How would i go about getting a value for the land ?

Any Help much appreciated ?

amyandoli

when i bought my last house the house next door was up for sale too, and the estate agent said the end of next doors garden used to belong to the house we were buying and under the terms and conditions of them having the land, if they sold there house, it had to be offered to our house first. SO we bought our house and started proceedings to buy the land. Paid £1000 for it, but used it for greenhouse and extra space etc and didnt have to offer it back when we sold up.
ANYWAY! Id talk get an estate agent round to sneakily estimate the value, then approach the landlord with an offer, see if he accepts, if not get him or you to officially get it estimated so he knows youre offering what its worth.

Ivenofinmoney

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Does any one have any experience of this without these types of existing covenants ?

prudryden

I have had offers for the back part of my garden. The neighbours just sent me a letter and then asked me over the fence. I wasn't interested in selling so never got into value. But I did note in my mind that his property would have increased significally in value, and I would have taken that into consideration when negotiating a price.

Johnhowell

prudryden wrote:

I have had offers for the back part of my garden. The neighbours just sent me a letter and then asked me over the fence. I wasn't interested in selling so never got into value. But I did note in my mind that his property would have increased significally in value, and I would have taken that into consideration when negotiating a price.

When selling a parcel of your land you can add a covenant on the sale (charge on the Land Registry Title) stating that if the land is sold at a profit then you get a share of the increase. These covenants can be quite high percentage wise as well as lasting for a long period of time. I have seen 50% for 30 years, but someone else got a good deal of 10% for only 7 years.

Regards,
John

prudryden

Johnhowell wrote:

When selling a parcel of your land you can add a covenant on the sale (charge on the Land Registry Title) stating that if the land is sold at a profit then you get a share of the increase. These covenants can be quite high percentage wise as well as lasting for a long period of time. I have seen 50% for 30 years, but someone else got a good deal of 10% for only 7 years.

Regards,
John

Many thanks for that. Very interesting and worthwhile knowledge.