Want to buy my neighbour’s shed

pokeynokes

My neighbour has agreed in principle to me buying his shed/part of his garden. Would probably offer up to £1,000, so no great sums involved. I will be stumping up for the land registry fees etc but I’d be glad of any advice on doing the conveyancing/paperwork part myself? 

NameUnavailable

Probably offer? You've discussed buying/selling but haven't touched on price expectations yet?

AdrianC

Does he have a mortgage...?

GDB2222

pokeynokes said:

My neighbour has agreed in principle to me buying his shed/part of his garden. Would probably offer up to £1,000, so no great sums involved. I will be stumping up for the land registry fees etc but I’d be glad of any advice on doing the conveyancing/paperwork part myself? 

That sounds astonishingly cheap to me.

Of course, you can fill out the Land registry forms yourself. TP1 and AP1 should do it. I don't think you'll have to prove your identity.

You'll need a site survey and plan, which could be £100s. . 

If you aren't doing searches, enquiries etc, you might find a solicitor who'll fill in and submit the forms for you cheaply. Given the learning curve involved, it would be worth it IMHO. 

theartfullodger

& Do you have a mortgage? Are your deeds in sole name or joint?? Does anyone else have a beneficial interest in your place??

Who's drawing the plans, and who's arranging the revision to neighbours deeds, your deeds, and what will you do with your added new bit?? Do would want to leave it as a separate deed or combine it with what you currently have??

Who's arranging revised fences/hedges, and who will be responsible for this??

Will the combined new area be larger than an acre??

No offence but if this were me I'd get someone qualified to do stuff: The opportunity to royally ***** things up (I'm speaking of me , me doing the s****ing up..)  - clearly anyone else would do it all perfectly right...

pinkshoes

The bit of land is often quite cheap.

Then add another £2000 in land registry/solicitor fees to have the boundary moved etc...

davidmcn

Does neighbour want a solicitor to act for them? If so, who's paying?

Norman_Castle

pokeynokes said:

My neighbour has agreed in principle to me buying his shed/part of his garden. Would probably offer up to £1,000, so no great sums involved.

Neighbour thinking, "Must be worth £10,000, not worth selling for less"

What's the shed like? An 8x10 mid quality shed is about £600 without the ground works to stand it on.

pokeynokes

Not asking for opinions on the value of a shed thanks. FYI the shed is built of granite, needs a new roof & probably measures 2 x 3 metres, adjoins mine and actually sticks out into my garden. I’ve had a rough estimate of £1,200 for legal, VAT & Land Reg fees which IMHO is a lot of money for a postage stamp. There is no other motive than to neaten the boundary of my garden. Please do not respond unless you have something helpful to say

Alan2020

I quake with fear after responding to a topic that I have nothing useful to add. Granite must be worth over £1000

dil1976

pokeynokes said:

Not asking for opinions on the value of a shed thanks. FYI the shed is built of granite, needs a new roof & probably measures 2 x 3 metres, adjoins mine and actually sticks out into my garden. I’ve had a rough estimate of £1,200 for legal, VAT & Land Reg fees which IMHO is a lot of money for a postage stamp. There is no other motive than to neaten the boundary of my garden. Please do not respond unless you have something helpful to say

So why do you want to buy it if you feel you are not getting much for your money?