You make it sound more like a building plot than a house. Sometimes even
200yr old structures can be demolished for a new build and the advantage is that planning permission is almost certain to be granted. It depends on the location of course, but you might think about obtaining planning permission before you sell to get a better price.TW
No he cited a TV program where for 30 seconds that buyers are asked to guess the price having never seen any documentation or sales blurb on the property beforehand. And, being taken to an area where they have possibly never been before and have no knowledge of the average prices in the area.
Where I regularly stay with friends in a rural area prices are high in the small town but around 20 to 30 percent cheaper if you go out by 5 miles. There are many downsides in living in a more isolated location. While nice for a holiday or short break many people moving to the countryside really should do their research a bit better and perhaps visit for a month in mid-winter, establish how far away is the nearest GP or hospital etc.
a house. Sometimes even
But possibly incur most expense for planning permissions that may be rejected or take forever to be approved.
demolishing a single house and rebuilding as a single house is unlikely to be "profitable"
replacing with a greater number of houses will not have any automatic planning rights
he did that after your reply
his "and it is greedy sellers and idiotic buyers (females being the worst offenders) able to borrow more than they can afford who are to blame."
which is relevant to the rest of the discussion, how?
Yeah. Its vile in the country. Nearest neighbours - 200 yards. Nearest A road. 3 miles Nearest B road 1.5 miles. Nearest Shop 1.5 miles Nearest GP 1.2 miles Nearest pub/restaurant 1 mile Nearest petrol station 1.5 miles MTBC (Mean time between cars) 1.5 hours. Nearest speed camera 12 miles. Nearest policeman 12 miles Nearest hospital 12 miles Gigabit broadband speeds Average night time noise level. 20dBa. Wind in trees mostly. Light pollution. Nil MTTS (Mean time to supermarket) 15 minutes Parking costs in local town - zero
Well it certainly can be. It costs perhaps £1000 /sq meter to build a basic house given land and services. So £100,000 is perfectly possible for quite a reasonable suburban house . That you could sell depending on location for £400,000
Which means the plot with planning permission alone is profitable at £250,000 irrespective of what is on it
But obviously if you are smacking one down it pays to try and put more up
The shit cottage in our village with planning for two more in its garden went for £450k. Two houses later the total spend was probably £650k and those went for £350k each
Another £50k for refurb and the original cottage went eventually for £275k.
You need to know your costs, understand the planning law and know your market if you are going to buy to 'do up and sell'
After women started to go to work in the 1960s in America, single people or families with only one working parent could no longer afford to buy houses.
House prices rose to reflect the two working parent combined income....
Theo
I suspect the problem there isn't the fenland mud, it's the A1101.
Andy
Women started to work in America long before that, centuries before that in fact.
single people
That?s bullshit too.
[...]
Actually if you are looking to build a one-off house in a good position you are often looking to purchase a sub-standard bungalow, maybe even caravans if they have been occupied as residences or a tumbledown old cottage, then you knock it down, clear the site, start again.
It depends on local planning policies and on location as well.
Tim W
I didn't say that you couldn't find one or two like this
I said that they don't represent the majority of national auction sales, as was claimed
(specifically the bit about being surrounded by nothing other than miles of mud)
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