House with land for sale, but I only want the land. Advice please

Linto

Thanks for the advice everyone, I'll write them a letter and see what happens. The house doesn't overlook the land so I'm quietly hopeful that a deal can be reached but we'll see.
Guess it will just come down to money as ever.
Cheers

Prothet_of_Doom

Linto wrote: »

The land will be used to develop a small holding\keep some livestock.

That's not how the Vendor will see it. Land with no planning permission = Worth no more than farm land in the green belt.

Land with planning Permission. Worth as much as the house next to it. They will assume you intend to make £££££££ from it.

My parents bought a house in 2001, for £48K. They spend £40K making it habitable. (It was semi-derelict).

It has Land. They recently applied for full planning for a similar sized house, which they got. They sold land for £88K with a Covenent in the Deeds that only one house could be built on the land.
They kept enough land to call it a Large Garden.

Estate agents (and they asked a few) said their house was worth between £250K to £300K with land and .........Get ready for this ..........................:rotfl:.....................£240K to £320K with it sold off......
Apparently the size of their old garden would be off putting to alot of people. :rotfl::T

Prothet_of_Doom

Linto wrote: »

Thanks for the advice everyone, I'll write them a letter and see what happens. The house doesn't overlook the land so I'm quietly hopeful that a deal can be reached but we'll see.
Guess it will just come down to money as ever.
Cheers

Or you could look at getting a bridging loan, and buying the whole thing, converting the house to 4 flats, and selling them all at a profit.