PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

Amenity land value/ auction tactics

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

Comments

  • martinsurrey
    martinsurrey Posts: 3,368 Forumite
    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!
  • Davesnave
    Davesnave Posts: 34,741 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    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.
  • DIYnovise
    DIYnovise Posts: 16 Forumite
    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 ;)
  • System
    System Posts: 178,287 Community Admin
    10,000 Posts Photogenic Name Dropper
    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.com
  • Conrad
    Conrad Posts: 33,137 Forumite
    10,000 Posts Combo Breaker
    DIYnovise wrote: »

    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.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 8 April 2015 at 8:01PM
    * 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?
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349.8K Banking & Borrowing
  • 252.6K Reduce Debt & Boost Income
  • 453K Spending & Discounts
  • 242.8K Work, Benefits & Business
  • 619.5K Mortgages, Homes & Bills
  • 176.4K Life & Family
  • 255.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.