View Single Post
Old Mar 18, 2008 | 05:29 PM
  #1  
xr-stu's Avatar
xr-stu
PassionFord Post Whore!!
 
Joined: Jun 2003
Posts: 4,954
Likes: 1
From: stoke on trent
Default buying land as long term investment

ive been thinking about investing my money for a while, briefly looked into different options but land was always one that appealed to me. was having an aimless browse the other day at land for sale as seen a plot located between chester and wrexham, 101 acres of 'grazing' land which is currently listed as greenbelt. i know some greenbelt land has recently been released for development, so thinking it might be worth the gamble that it may be eligible for realse for development in 10-20 years.

its very cheap but having not seen it or had a professional do a survey etc on it ive no idea whether it would even be suitable for building on, but if we say it was, and i decided to go for it, appart from the cost of the land and any solicitors/auction fees, what other charges/taxes/fees/rates would i be liable for? dont wanna wipe myself out on it then find out i owe 20k for something else


anyone got any advice for me?!
Reply