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Valuation Rut

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Comments

  • Mossfarr
    Mossfarr Posts: 530 Forumite
    Ninth Anniversary Combo Breaker Hung up my suit!
    Thank you very much. It's freehold, that's what I was looking for. What is/are covenants? What restrictions does nursery Farm have because of it?

    Covenants are restrictions on the property such as, what it can or can't be used for, what structures you can or can't have (eg sheds), what you can/can't have fitted to the exterior walls (eg sat dishes), not being able to park large vehicles such as vans on the driveway. The list is endless really.
    My properties don't have any restrictions but yours could have. The farm across the bridge has restrictions regarding its use as it is classed as agricultural land.
  • goodallish
    goodallish Posts: 60 Forumite
    Mossfarr wrote: »
    Covenants are restrictions on the property such as, what it can or can't be used for, what structures you can or can't have (eg sheds), what you can/can't have fitted to the exterior walls (eg sat dishes), not being able to park large vehicles such as vans on the driveway. The list is endless really.
    My properties don't have any restrictions but yours could have. The farm across the bridge has restrictions regarding its use as it is classed as agricultural land.
    Thanks for the info. I don't think there will be any on the house but I'll wait and see what comes back from searches. Unfortunately for the farm I found out last week that there is development planning happening for that side of knowsley lane. The farm is to be knocked down and houses and another retail park to be built. It's a sad world we live in. Hopefully people can action their words and stop it from happening but I think it's only a matter of time.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    goodallish wrote: »
    Thanks for the info. I don't think there will be any on the house but I'll wait and see what comes back from searches. Unfortunately for the farm I found out last week that there is development planning happening for that side of knowsley lane. The farm is to be knocked down and houses and another retail park to be built. It's a sad world we live in. Hopefully people can action their words and stop it from happening but I think it's only a matter of time.


    Another one? At some point economic reality cancels out property developer greed.....


    http://www.bbc.co.uk/news/business-42942922
  • goodallish
    goodallish Posts: 60 Forumite
    Crashy_Time wrote: »
    Another one? At some point economic reality cancels out property developer greed.....


    http://www.bbc.co.uk/news/business-42942922

    Unfortunately so...

    http://iondevelopments.co.uk/knowsley-lane-regeneration-scheme-unveiled/
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    goodallish wrote: »
    Unfortunately so...

    http://iondevelopments.co.uk/knowsley-lane-regeneration-scheme-unveiled/


    That`s a big footprint.
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