Compulsory Purchase Orders...any help?

mrswack

I'm pretty sure the 'costs' will be a negotiable figure so will use that as much as we can.

mrswack

Still at a loss as to why there is no one that has experienced this, legislation and documents are all well and good but info on a real case would have been priceless...

lincroft1710

Costs are of course negotiable, but you'll only be talking a few thousand plus "statutory" costs which the acquiring authority either automatically pay for or reimburse on production of invoices.

CPOs on residential properties aren't so common these days as the road building programme has slowed up and many "urban regeneration" schemes involve tenanted and commercial properties. Certainly in the 1970s I saw a lot coming through, but that was because of "new town" development.

dodger1

mrswack wrote: »

I think you need to go back back through and read properly, I said a similar property would cost 150k MORE...ie..on top of what my house is already worth.

Thanks for the comment, although I don't want to be compensated for emotional pain, we were flooded in 2007 and the property was gutted, we now have pretty much the house we've always wanted and I don't wan to lose it, or by the sounds of it end up with less :-(

That's the bit I don't understand, why would a similar property cost 150K more than yours. Certainly in my area all similar properties are priced fairly closely. Why are you valuing yours at 150K less than other similar properties.

geoffky

mrs wack i will guarantee you will come out of this FAR from happy,,,Because you refuse to listen to reason.....You will be arguing with people who do this day in day out..

g_attrill

dodger1 wrote: »

That's the bit I don't understand, why would a similar property cost 150K more than yours. Certainly in my area all similar properties are priced fairly closely. Why are you valuing yours at 150K less than other similar properties.

Houses next to motorways are worth significantly less. I worked in an office at the bottom of a motorway embankment and the noise was incredible (although inside with d/g windows it was fine). At the higher end of house values I can imagine it would take off more value than cheaper houses.

As they say, location, location, location, and I expect mrswack is comparing lovely houses in the countryside which purely by their location (in the countryside) would be worth much more than a similarly lovely house right by the M5 which would instantly put off people looking for a lovely house in the countryside.

mrswack

geoffky wrote: »

mrs wack i will guarantee you will come out of this FAR from happy,,,Because you refuse to listen to reason.....You will be arguing with people who do this day in day out..

Who does this day in day out? It seems to me most people know nothing more than I do yet want to chip in too!

Listen to reason? Where was that, must have missed it. If you've got nothing useful to say, kindly stay out of it.

Where has there been any legitimate advice in this thread? Apart from the one link?

Argue back? When people are telling me to up sticks and move to other parts of the country? Are you mad, what do you expect?

Besides, I am entitled to my opinion like you are yours, so whats your excuse for being so argumentitive?

mrswack

g_attrill wrote: »

Houses next to motorways are worth significantly less. I worked in an office at the bottom of a motorway embankment and the noise was incredible (although inside with d/g windows it was fine). At the higher end of house values I can imagine it would take off more value than cheaper houses.

As they say, location, location, location, and I expect mrswack is comparing lovely houses in the countryside which purely by their location (in the countryside) would be worth much more than a similarly lovely house right by the M5 which would instantly put off people looking for a lovely house in the countryside.

Don't get me wrong, I'm well aware of why my house is cheaper than others and I'm not saying I expect them to fork out the additional 150k to move me to a same house in a better area but surely there must be something, I can not be at a disadvantage either surely? Can't I just sit in and refuse to move, I'm sure I would be in good company as there are 13 of us down this street?

laurel7172

mrswack wrote: »

the reason we managed to afford this is due to how close it is to the m5, to get similar is likely to cost around £150k more

You have your answer there, I'm sorry. You couldn't afford the house you now want, and you don't get a free upgrade to a property without a motorway or a history of flood damage at the taxpayer's expense.

Back to your original budget, and, just like last time, you'll have to choose your compromise. It doesn't seem very fair if you're happy in your house, but that's the way it is.

mrswack

laurel7172 wrote: »

You have your answer there, I'm sorry. You couldn't afford the house you now want, and you don't get a free upgrade to a property without a motorway or a history of flood damage at the taxpayer's expense.

Back to your original budget, and, just like last time, you'll have to choose your compromise. It doesn't seem very fair if you're happy in your house, but that's the way it is.

We are in the house we want thank you very much, like I said before I don't expect a free upgrade, read the posts before jumping on the bandwagon.


I will know in future if I want any advice or information from ANYONE who has a slight knowledge NOT to come here, it's full of assumptions, know it alls and people who like to jump in with nothing to back up their statements!!

If anyone has really experienced this please PM me...a bit of empathy wouldn't go a miss guys.