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?!

 

If it was worth a gamble it would have been snapped up by now! You wont get in before the big boys do. Any land you personally may be able to buy with a risk that it may never get permmision to be developed will be a VERY high risk and doubt in your lifetime it will be granted permmission!

 

know any local councilor's LOL

 

Prime potential building land never gets to the open market, even if it cannot be developed for a number of years, there are two many people in the game for anything decent to be up for sale to Joe Public.

Dont kid yourself there is easy money to be made, that land will be cheap for a reason.

 

im not kidding myself anything, and i have no idea how things work hence why im asking.

i dont intend on doing anything with it appart from keeping my fingers crossed that in 20+years time it may be worth something to someone. im not interested in making a quick buck by developing it myself, i have no fucking clue what im doing and no where near enough money to even consider anything like that. like i say, i plan to do fuck all but sit on it.

it does seem far to good to be true, so it probably is, but if i dont look into it, how am i to learn or gain anything?

more opinions comments please!

 

my father inlaw had some land and was refused planning permission twice. but the council offered to buy it from him, as it was dead land.

he sold it to them, but had a solicitor get them sign a contract, so if its ever developed on hes entitles to half its equity!

so this could be something you could do, it planning was refused.

 

BE CAREFUL, I watched something on this the other day, someone bought land, but the local council were shats, country boys who were determined to come down on them like a ton of brick.s

Basically, if land has planning potential, then it is not cheap, the big boys will know about it and get it way before anyone else, and it will take internal backhanders for councillors to give out planning permission. This would be something you would never see, old boys clubs/networks

You may get lucky, but, i would imagine the best way to do this is to buy land that has a non listed run down residential building on, then pull it down and build a new place.

 

yeah i can imagine theres alot of corruption and free holidays and the sort that get handed out in return for the odd signature here and there.

buying land with a rundown building on would be a good idea, but i dont have the skills or finances to take on a project like that. and to be honest, i wouldnt want to.

perhaps land isnt such a viable option for decent investment then....but i had to ask.

anyone got any other sugestions before i end up blowing it all on silly things like the alfa 146 gta i test drove today

 

how much have you got to invest? - if its a tidy some, buy gold, and i'm being deadly serious

 

gold is going up again in about 3 weeks time

 

If planning here is anything like australia then if you agree to have sex with the planning officer then you cld get permission granted on otherwise unlawful developments

http://thalunatic.blogspot.com/2008/...eater-sex.html

quite nice too...

 

I'm with him!

 

not alot by some of your standards id imagine!

how much would i need to invest in gold for it to be worth it? and where/how/in what form?

 

It would be worth looking to see if it has any Industrial potential as I was told people of certain trades are allowed to put small buildings on green belt land. As has been said though if there is any chance it could be developed someone would have already bought it. Have you ever thought of the possibility of of putting up some stables and renting to horse riders (permitting permission) ? If your that set on buying some land.

To be fair though it sounds as if it's most likely just usable as farm land.

 

yeah well its listed as grazing land, so cant see why a set of stables to store horses that would graze there would be an issue?! i dunno how it works though.

i would assume no developers would be bothered with it as at the mo it is greenbelt and therefore useless to them. do property developers want money tied up in plots of land they MAY only be use to them in 20 years time?!

can anybody answer my questions anyway on any fees or anything id be liable for if i went ahead and bought the land?

 

i'd like to know this also!

do you invest in it but never really have it in hand? or do you get a pile to stick in the loft?

i'd quite like a gold bar sitting on the mantle piece

 

gold you say,,,,,, hummmmmm,,,,,,,, invest MORE in gold

dont think i can get away with wearing more

 

ps: wonder how much JB Fletch is worth these days !!!

 

I don't know anything about fees sorry. But i looked into buying some land recently to keep horses on. I was advised if you even want to put a shed up on greenbelt land you need planning permission and for stables to keep horses in you need equestrian use. As it stands horses could graze on it but you couldn't put a block of stables on it without changing the use, which would be difficult to get on greenbelt from what i have been told.

Good luck with it though, i invested my money in property in the end as felt it was less of a risk. But people do get lucky with land, i guess you have to research it which is what it sounds like your doing and take a gamble....

 

Double post