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Amenity land value/ auction tactics
DIYnovise
Posts: 16 Forumite
Hi All
There is a strip of land measuring 0.6 of an acre which will be sold at Auction soon as Amenity land which my garden backs onto. This land also goes behind my neighbours and a small primary school. These are the only properties that can benefit from the land. The land does NOT have its own access but uses a vehicle right of way going through the school car park owned by a farmer. I have spoken with a council planning officer who said planning permission for residential development would be very difficult as there is no access of its own and is outside the village envelope. neither my neighbour or the school want it.
I know amenity land is worth circa £5-8k per acre, but in this situation would be more if it extends my garden. I would be grateful for a guide as to how much to go up to in an auction and any auction tactics i could use as I am totally new to this.
Many thanks
There is a strip of land measuring 0.6 of an acre which will be sold at Auction soon as Amenity land which my garden backs onto. This land also goes behind my neighbours and a small primary school. These are the only properties that can benefit from the land. The land does NOT have its own access but uses a vehicle right of way going through the school car park owned by a farmer. I have spoken with a council planning officer who said planning permission for residential development would be very difficult as there is no access of its own and is outside the village envelope. neither my neighbour or the school want it.
I know amenity land is worth circa £5-8k per acre, but in this situation would be more if it extends my garden. I would be grateful for a guide as to how much to go up to in an auction and any auction tactics i could use as I am totally new to this.
Many thanks
0
Comments
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Be careful.
If I was a developer I would be buying the land, and your neigbours house, and once I'd knocked it down, I'd have a nice large building plot for 5+ houses.
I would make sure you get it!0 -
Amenity land is worth more than you say on a village boundary.
Think, paddock for Jemima's pony in the short term, and possibly inside the revised development boundary later.0 -
martinsurrey wrote: »Be careful.
If I was a developer I would be buying the land, and your neigbours house, and once I'd knocked it down, I'd have a nice large building plot for 5+ houses.
I would make sure you get it!
thanks martinsurrey, that was my plan
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It can be very difficult to get PP to build on amenity land.
Also if you wish to include it as part of your garden then you will need PP to change it from amenity land which could also be problematic
Speak to your planning people first.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
I know amenity land is worth circa £5-8k per acre, but in this situation would be more if it extends my garden. I would be grateful for a guide as to how much to go up to in an auction and any auction tactics i could use as I am totally new to this.
Many thanks
It's one of those how long is a piece of string scenarios.
It's worth as much as someone is prepared to pay, if you are outbidded you loose.
An investor might well take a punt on the fact you or a subsequent owner of your home may one day be prepared to pay a lot of money to extend their garden.0 -
* what do you estimate the increase in value of your property would be if the garden was included the land?
* what is the potential loss in value of your property if a developer managed to build 5 houses on it?
* what is the value to you personally of protecting yourself from development? Or of having a bigger garden? Is this important to you?0
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