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From: Catman on 6 Jun 2010 14:43
Pip Luscher wrote:
> On Sun, 06 Jun 2010 17:47:05 +0100, Catman
> <catman(a)rustcuore-sportivo.co.uk> wrote:
>
>> Krusty wrote:
>>> Catman wrote:
>>>
>>>> OK, so if I wanted to do something really stupid, what are the odds of
>>>>
>>>> 1) Getting a mortgage to buy 2 acres of arable land [1]
>>> Zilch iwht. How much is it anyway? Around 5k/acre is the average so a
>>> personal loan paid off asap would be a better bet.
>> Interesting. Where do you get that figure from, cos this is up for 75k
>> an acre. At 5k an acre, I'd write them a cheque.
>
> A few years ago I bought about three anna half acres for twelve K. But
> this is pure agricultural land in the wilds of Suffolk, with no direct
> road access (there is a private track that I have right of access
> through though).
>
> For a plot in a village with roadside access and the prospect of it
> maybe getting PP I'd expect it to be much, much higher. Also, as a
> rough rule, the smaller the plot, the higher the cost per acre.
>
>

Interesting. It's got road frontage, and is being sold as a series of plots.

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From: Catman on 6 Jun 2010 14:45
Krusty wrote:
> Catman wrote:
>
>> Krusty wrote:
>>> Catman wrote:
>>>
>>>> OK, so if I wanted to do something really stupid, what are the
>>>> odds of
>>>>
>>>> 1) Getting a mortgage to buy 2 acres of arable land [1]
>>> Zilch iwht. How much is it anyway? Around 5k/acre is the average so
>>> a personal loan paid off asap would be a better bet.
>> Interesting. Where do you get that figure from
>
> It's just one of those things I know.
>

Fair enoguh.

>>> cos this is up for
>> 75k an acre. At 5k an acre, I'd write them a cheque.
>
> If it's a posh area where small plots never come up for sale, the
> horsey people will pay stupid amounts. It sounds like the seller's
> chancing their arm & hoping someone like you with an eye on PP pops up
> though.
>

Hmm. It's a reasonably posh area, I suppose[1]. I have no idea how often
land comes up.

[1] For east Essex values of posh.


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From: crn on 6 Jun 2010 14:49
Pip Luscher <pluscher(a)live.invalid.co.uk> wrote:
> >
> >Interesting. Where do you get that figure from, cos this is up for 75k
> >an acre. At 5k an acre, I'd write them a cheque.
>
> A few years ago I bought about three anna half acres for twelve K. But
> this is pure agricultural land in the wilds of Suffolk, with no direct
> road access (there is a private track that I have right of access
> through though).
>
> For a plot in a village with roadside access and the prospect of it
> maybe getting PP I'd expect it to be much, much higher. Also, as a
> rough rule, the smaller the plot, the higher the cost per acre.

If it is in the middle of a village it is unlikely to be Green Belt but
there could be other reasons that it cannot be built on. Have words
with the local planning officer and importantly the planning member
of the Parish Council.
Also check for restrictive covenants on the deeds.

--
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From: Pip Luscher on 6 Jun 2010 14:50
On Sun, 06 Jun 2010 19:43:42 +0100, Catman
<catman(a)rustcuore-sportivo.co.uk> wrote:

>Pip Luscher wrote:
>> On Sun, 06 Jun 2010 17:47:05 +0100, Catman
>> <catman(a)rustcuore-sportivo.co.uk> wrote:
>>
>> For a plot in a village with roadside access and the prospect of it
>> maybe getting PP I'd expect it to be much, much higher. Also, as a
>> rough rule, the smaller the plot, the higher the cost per acre.
>>
>
>Interesting. It's got road frontage, and is being sold as a series of plots.

It's a way of tempting people into paying over the odds in the hope
they'll get planning permission one day.

--
-Pip
From: Pip Luscher on 6 Jun 2010 15:10
On Sun, 6 Jun 2010 18:49:14 +0000 (UTC), crn(a)NOSPAM.netunix.com wrote:

>Pip Luscher <pluscher(a)live.invalid.co.uk> wrote:
>> >
>> >Interesting. Where do you get that figure from, cos this is up for 75k
>> >an acre. At 5k an acre, I'd write them a cheque.
>>
>> A few years ago I bought about three anna half acres for twelve K. But
>> this is pure agricultural land in the wilds of Suffolk, with no direct
>> road access (there is a private track that I have right of access
>> through though).
>>
>> For a plot in a village with roadside access and the prospect of it
>> maybe getting PP I'd expect it to be much, much higher. Also, as a
>> rough rule, the smaller the plot, the higher the cost per acre.
>
>If it is in the middle of a village it is unlikely to be Green Belt but
>there could be other reasons that it cannot be built on. Have words
>with the local planning officer and importantly the planning member
>of the Parish Council.
>Also check for restrictive covenants on the deeds.

I'd agree, all quite possible. Oh, and let us not forget that Church
thing (I forget the proper name), where if it was once err, some sort
of Church owned land, then the new landowner could find themselves
quite legitimately being expected to pay tens of thousands towards the
new Church roof. Or something like that; I forget the exact details. I
think you can take out insurance against this sort of thing though.

Of course, it *could* have been owned by some old dear who has finally
shuffled off this mortal coil, or maybe there was wrangling over who
actually owned it. Either case is somewhat unlikely though.

--
-Pip
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