How to value plot of land in Urban area and options afterwards

phill99

Iperson4 wrote: »

I'm not really sure why some of people are being rude when questions are being asked, it's not like any of you are any better.

People aren't being rude. They are telling the truth. A truth that you either don't like or are not willing to accept. By your own admission, this is your first attempt at something like this. But there are many people on this forum who have vast experience in such matters. But evidently you have no wish to benefit from their experience and knowledge.

Iperson4

phill99 wrote: »

People aren't being rude. They are telling the truth. A truth that you either don't like or are not willing to accept. By your own admission, this is your first attempt at something like this. But there are many people on this forum who have vast experience in such matters. But evidently you have no wish to benefit from their experience and knowledge.

You can give advice in a respectful manner as some here have done and it was appreciated, but some people tend to deal with situations in a rude manner. There is a fine line between respect and utter rudeness

phill99

Iperson4 wrote: »

You can give advice in a respectful manner as some here have done and it was appreciated, but some people tend to deal with situations in a rude manner. There is a fine line between respect and utter rudeness

That's just your interpretation.

Caz3121

Iperson4 wrote: »

it's in a conservation area

making it more of a challenge - https://urbanistarchitecture.co.uk/how-to-get-planning-permission-in-conservation-area/

davidmcn

Iperson4 wrote: »

it's not like any of you are any better.

Now you're the one being rude. My day job is literally advising property developers, as a commercial property solicitor. I've got several years' experience working in a local authority. But I'm sure you know better than us about how to go about buying land from the council in order to develop it.

If you don't like the advice you get here, feel free to collect a refund on the way out.

Davesnave

Iperson4 wrote: »

Just saying, you should see Greenwich borough and how they're planning on selling a plot to pocket living with minimal affordable housing, so there are various cases depending on the local council

Perhaps some of us don't particularly like that approach, even if backed by a council. You are just confiming what I thought initially, if that's being held up as an example of good practice.

It's an open forum and we are allowed to have opinions too, but I'm sorry my previous comment seemed personally offensive. It wasn't aimed at you specifically.

foxy-stoat

Iperson4 wrote: »

So my question is how would I go about valuing the plot without pp and buying it from the council.?

The council won't sell the plot without planning permission without putting a clause on it so forget about buying it for £10,000 and getting PP then selling on for £500,000.

eddddy

Iperson4 wrote: »

I'm not really sure why some of people are being rude when questions are being asked, it's not like any of you are any better. I've seen schemes like this many times, but it's my first time starting from scratch.

TBH, I think you may be falling into the trap of "The less you know about something, the easier it seems."

You kind of imagine that you can spot a plot of land, buy it for peanuts, and make 10s or 100s of thousands in profit.

If it were that easy, anyone and everyone would be doing it, and we'd all be millionaires.


So perhaps a good question to consider whilst doing your planning is "If there is potential to make 'megabucks' from this piece of land, why hasn't somebody else with more knowledge and experience than me done it already."

Perhaps you have a good answer to that question - if so, that's a great starting point.

Cakeguts

The reason why that plot of land appears to be not being used by the council is because it is being used for something that you cannot see.



So either it provides access if needed to something at the back of the plot or there is something that runs underground that cannot have a building on top of it.



If it could have been used for building on the council would have used it.

Iperson4

davidmcn wrote: »

Now you're the one being rude. My day job is literally advising property developers, as a commercial property solicitor. I've got several years' experience working in a local authority. But I'm sure you know better than us about how to go about buying land from the council in order to develop it.

If you don't like the advice you get here, feel free to collect a refund on the way out.

The response wasn't really aimed at you or phil99, it's more directed at the ones who were rude