Not buying the paddock

hnswst

We're thinking of buying a house that has a paddock. We don't want it, and are negotiating to buy the house and garden alone, with the paddock remaining the property of the vendors. Can anyone think of potential problems with this arrangement ?

Thansk

whalster

If its not a fortune you may aswell have it , and are there any other properties bordering the field? if so you may be able to get it with the house and sell it on that way as garden extension ( PP now required) so that the sum of the parts may be worth more than the whole

MacMickster

I would think that owning the paddock carries far more advantages in that you can control what happens with it.

If selling it seperately the vendor will sell it to anyone at the best price that they can get, regardless of the use to which it will be put - a use which may spoil your enjoyment of your new property.

Why do you not want the paddock included in the purchase? Are you trying to bring the overall price below a stamp duty threshold perhaps?

Yorkie1

What / where is the access to the paddock? Would the only access be across the land you do buy?

hnswst

Thanks

It has separate access from the road, and there's fields all around it. And ... We can't afford the house and the paddock together

PasturesNew

It happened to me once. I was interested in a manor house for sale (it was cheap, I'm not loaded).... went to the EA and they contacted the owners for a viewing and the beggars wanted to sell a big paddock with it ... pushing the price up by 50%. Miffed me....

Werdnal

Is there any chance whoever buys the paddock (or the existing vendors) would get planning permission to develop it?

If it is directly adjacent to your property, would having umpteen extra houses next door be a problem for you? Could devalue your property.

I too would consider the paddock a bonus - we have one and it swayed us to buy the property! Even if you have no use for it, you can rent it to horse owners and make a little extra cash, let a local farmer cut it for hay etc.

ali-t

Worst case scenario is that they sell if for development and you end up with houses overlooking your house.

Could you not find a way to buy the paddock too and you can recoup some of the money by renting the paddock out to someone with horses.

I looked at a couple of houses with paddocks but the houses didn't suit. I would definitely consider a paddock to be a bonus

pleasedelete

Buy it. When you want to sell you will not regret it. Location locate location could equally be land land land

paddedjohn

Bank holidays coming up soon and the town halls are closed for long weekends..............if you dont buy it a traveller might

jerrispringer

if i was you i'd buy the paddock with it and rent it out to horse owners. they're usually crying out for paddocks to put their ponies. Ask at local stables for the going rate. Nice little income and helps pay off the mortgage!