Building plot

Kidds

Member
Horticulture
The free covid money will be wearing thin now though. A lot of factors at play with folk moving out of towns blowing holiday money on stuff etc
A house a couple of doors up from mine was bought by London leavers a year ago for 665k, it was all a bit odd at first as they appeared to be just living in one room but it turned out they only had enough furniture for one room after moving out of their London flat. :D
It is back on the market for 750k.
I think if I put mine on the market right now I would realistically be asking 1m, twice as much as I paid late 2019. £500k tax free in just over 2 years! It is a mad world.
 

MrNoo

Member
Arable Farmer
Location
Cirencester
Get pp on it, all acces, boundaries etc sorted and let it go, cost of materials etc plus your not a builder just sell it! Course you would make more in the final result, each to their own,
But would you, interest rates need to go up, could the housing bubble be ready to burst? Build a house with pricey materials that'll be worth less than anticipated at the end. A couple round here where they have been sold with PP, one a 5 house block on an old yard for well over 1m and another one I know of that a builder has put through (is still in planning) but has decided that it'd best to sell with PP instead of build out.
 

Lakes Nash

Member
Mixed Farmer
Location
South lakes
But would you, interest rates need to go up, could the housing bubble be ready to burst? Build a house with pricey materials that'll be worth less than anticipated at the end. A couple round here where they have been sold with PP, one a 5 house block on an old yard for well over 1m and another one I know of that a builder has put through (is still in planning) but has decided that it'd best to sell with PP instead of build out.
I wasn’t saying build it, I was saying let it go, plus depending on location etc, whoever buys it takes the risk with the state of financial climate and get there own stamp on it, plus I’ve built my own back in 2002, took me 6 yrs to finish, then we sold and downsized, personally way things have gone I wouldn’t like to pay top whack for a plot then build again, materials have rocketed, regulations, and how long can all this money sustain being around?
 

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