Steevo
Member
- Location
- Gloucestershire
Are we really not building enough houses? They seem to be everywhere building and farmland is getting less and less.
Housing and farmland
- Thread starter Steevo
- Start date
organicguy
Member
- Location
- North East of the south west
My pet hate, the problem is partially that we have too many second homes that are empty most of the time.
Farm next door to me used to house and family and lodgers. Bought by millionaire from Surrey, millions spent on it as retirement for horses. House divided in two, for manager and owner. Never lived in for 2 years.
Farm next door to me used to house and family and lodgers. Bought by millionaire from Surrey, millions spent on it as retirement for horses. House divided in two, for manager and owner. Never lived in for 2 years.
Steevo
Member
- Location
- Gloucestershire
Also the big issue of buy vs. rent though I guess they're trying to tackle that by making being a BTL landlord less appealing.
Steevo
Member
- Location
- Gloucestershire
Our economy is built on house building too.
- Location
- Bedfordshire
I think there's a lot to that.
I think there's another 1000 going up near home. IMO they should be building rows of 2 up 2 down terraces rather than all of these 3 bed semis.
We are desperate for more housing; for lots of reasons. It would also drive the cost of housing down so more people get afford to by a house. We also need more social housing, provided by government. Something that the majority here will never appreciate.
Shelter produced at great report pre-2015 election, worth reading if you're interested
solo
Member
- Location
- worcestershire
Don't forget that all these houses will be a nice little earner from council tax
Muddy Boots
Member
- Location
- S.Devon
Housing development near here in salcombe (most expensive seaside town in uk) has apparently shut down as they have only sold 3 of the open market houses of the 30-35 available. The shared ownership and local restricted buyer properties have all sold. Lesson to be learnt there.
- Location
- North Hampshire
Most of the new built houses locally are (1) Too Expensive , no one can afford them and (2 ) Tiny (3) Built with really cheap materials ....
- Location
- Cirencester
2,500 due to go up in Ciren, all on one block, will be the ruination of the town but nice little payday for Lord Bathurst who incidentally has registered all the land in Burmuda and hence pay not a penny in tax
Steevo
Member
- Location
- Gloucestershire
He'll be buying a few more farms then.
An acre per house...?
An acre per house...?
Campbell
Member
- Location
- Herefordshire
Stats tell us that over 70% of the land area in the UK is Agricultural. That probably includes mountains for grazing sheep.
organicguy
Member
- Location
- North East of the south west
Already spent it at KembleHe'll be buying a few more farms then.
An acre per house...?
Steevo
Member
- Location
- Gloucestershire
It's like musical chairs with that lot!
From what I can see if the new builds in 10 years they will need a lot of work because the quality is awful, they will devalue, your neighbours will probably be on the dole, it could end up being a dole street and that lovely new build you bought will be in need of some cash and won't be worth a right lot on the market. This won't happen to all of them of corse
- Location
- Cirencester
Yes, a rumored £42m, he's been selling off houses as fast as he can, I guess to pay the bridging loan/interest off before the housing money comes in. He's even evicting a good farming friend of mine, 3rd gen tenant via a loophole in the agreement his grandfather signed. I have no time for him at all. Does make you wonder, when is enough ever enough. I think it an older generation thing as my father is exactly the same.
A friend bought a new build 18 months ago off plan. £275k for 4 bed, detached garage as a investment as he had the cash sat about. He gave it to an agent to let who let it within 2 days of marketing it. The gross rent is £1200/month and the agent gets 10% for complete management, in that my friends gets zero hassle. They only allowed a couple, no children in and they are on a 12 month tenancy.
He's just had it valued by 3 agents and they all said around £310k to sell straight away.
That's not as business really. He's looking to mortgage that house to get a deposit for another one and then run them as a little enterprise in their own right.
Before he let it he altered a door way and moved a radiator. I went in and had a look and like mentioned above the materials and build quality is pretty cheap. Breeze block wall with plaster board dabbed to it. But I have to say it's very efficient to run as I know the tenants gas/elec is not more than £150/quarter.
He's just had it valued by 3 agents and they all said around £310k to sell straight away.
That's not as business really. He's looking to mortgage that house to get a deposit for another one and then run them as a little enterprise in their own right.
Before he let it he altered a door way and moved a radiator. I went in and had a look and like mentioned above the materials and build quality is pretty cheap. Breeze block wall with plaster board dabbed to it. But I have to say it's very efficient to run as I know the tenants gas/elec is not more than £150/quarter.
