One of the items on my 'ideas list' is buying some land or dilapidated building in north of france for renovation or development, then commute to SE England via the chunnel. High speed rail link to London may mean it's quicker than commuting from the M4 corridor!
Prices seem a lot more reasonable than in the UK. Just not sure if France has a safer, less corrupt, legal system than say Spain when buying property or land, so needs plenty of research.
Another item on my list, to circumvent the 'you can own land but you can't live on it' problem in the UK, is to buy a couple of acres and dig out a big pond suitable for homing rare species of wildlife. Then plonk a flat bottomed boat in the pond to live on, and stick two fingers up to the authorities and NIMBYs. Not sure if this idea would float though.
If the idea of building your own pond is too daunting. Maybe buying some floodplain land (which should be cheap as it's pretty useless) and waiting for the rain/flood is a possibility. Noah.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Anyone have experience of speculating on land"
Collapse
-
Originally posted by MarillionFan View PostSuch as buying plots of land without planning permission(which may look like a good bet) and then putting in applications over the years.
Seeing some interesting plots £50/£60/£100k which don't have permission, have tried previously, but there is a chance in the future.
Anyone done this? Pointers? Experience?
(Adding to that, has anyone bought any woodland at any point?)
Leave a comment:
-
Originally posted by powdajohn View PostLot of info here. Investing in land is a brilliant idea but the only one demerit is that, it's not easy to liquidate in urgent cases.
Try selling a villa in Spain for example
Leave a comment:
-
Lot of info here. Investing in land is a brilliant idea but the only one demerit is that, it's not easy to liquidate in urgent cases.
Leave a comment:
-
My Grandad always used to say, you should always Invest in land because there not making anymore
Leave a comment:
-
Originally posted by DimPrawn View PostOne avenue to pursue is buying up tulipehole properties at auction. Ones that have been empty for at least 6 months, in need of renovation.
Buy it cheap at auction and the council will give you a grant to develop it into a liveable home, they will then pay you rent and place a family on the waiting list to live there.
I think you have to agree to do this for at least 10 years.
This is driven by a deal to reduce to number of empty houses.
Worth calling the council to get the details.
Leave a comment:
-
One avenue to pursue is buying up tulipehole properties at auction. Ones that have been empty for at least 6 months, in need of renovation.
Buy it cheap at auction and the council will give you a grant to develop it into a liveable home, they will then pay you rent and place a family on the waiting list to live there.
I think you have to agree to do this for at least 10 years.
This is driven by a deal to reduce to number of empty houses.
Worth calling the council to get the details.
Leave a comment:
-
No experience of buying farmland, but a couple of years back I found a small plot through the local council. Most councils publish lists on their website of dilapidations, long term voids, plots, old buildings, (eg disused public toilets) and sometimes commercial stuff. The dept that deals with it is asset management, IIRC.
The site did not have planning and had an infestation of japanese knotweed, which, had I known at the time, I wouldnt have touched with a bargepole.
Bought it through the company, paid 15k for it. The plot itself was on the edge of a commercial district just off a high street, so was a prime spot for development.
I eventually got planning about 2 years later after spending a fair few quid on architect fees, and having a couple of schemes refused.
The knotweed cost around 22k to remove (I couldn't wait another 2 years for chemical disposal which would have been a fraction of the cost).
The upside is the company got 150% land remediation tax relief on the knotweed and site preparation (knotweed infested land is deemed contaminated, so HMRC grant a dispensation - you need a specialist tax advisor to prepare the reports as your accountant wouldnt have a clue how to tackle it). Also got Capital allowances on the build, part commercial and part residential and the building is now worth about 225k conservatively.
Well worth doing if you take a long term view, plotsearch/buildsearch and those type of sites are ok but the land is usually overpriced as they sell with OPP - ok for self build but not for investment.
Leave a comment:
-
Originally posted by MarillionFan View Post
Looking for other alternatives, farmland to lease back to a farmer, woodlands for sale, paddocks. I'd like to own a little more of Little England.
I've seen a couple of paddocks go around here for £3-4k an acre & for stable blocks to spring up on them a few weeks later. I guess there are no planning issues as the land use is still agricultural. Don't know what sort of returns you'd get though.
Leave a comment:
-
Primelocation has a farmland/land section too.
Land For Sale | UK Farms For Sale | Property With Land | Primelocation
Leave a comment:
-
Originally posted by DimPrawn View PostI've got a subscription to plot finder.
Home | Land for sale in the UK from Plotfinder.net
If I were going to buy land/property I'd do it through a company.
1. Entrepeneurs Relief
means you only pay 10% CGT if you sell or close the company and dispose of the assets.
2. Stamp Duty
Stamp duty is much lower if you buy as a company.
The other option is to trawl through property auction brochures looking for knackeredold houses/bungalows on big plots with a view to redevelopment, get planning permission and then sell again through auction.
Absolutely no point buying those speculative pieces where a developer has split a piece of land into 100's of strips. That's just a rip off.
Been on a lot of auction sites recently, been the the last two in my area but not got anything at the price I wanted. Rightmove is not bad if you change the criteria, that shows land.
Looking for other alternatives, farmland to lease back to a farmer, woodlands for sale, paddocks. I'd like to own a little more of Little England.
Leave a comment:
-
I've got a subscription to plot finder.
Home | Land for sale in the UK from Plotfinder.net
If I were going to buy land/property I'd do it through a company.
1. Entrepeneurs Relief
means you only pay 10% CGT if you sell or close the company and dispose of the assets.
2. Stamp Duty
Stamp duty is much lower if you buy as a company.
The other option is to trawl through property auction brochures looking for knackeredold houses/bungalows on big plots with a view to redevelopment, get planning permission and then sell again through auction.
Leave a comment:
-
Originally posted by MarillionFan View PostSeeing some interesting plots £50/£60/£100k which don't have permission, have tried previously, but there is a chance in the future.
This may be a scam where people buy farm land at the more usual £5-10k per acre, split them into parcels, and sell them off to mugs on the unsubstantiated premise that planning permission may be granted in the future.
So if you're going to speculate, buy the farm land at the normal prices and speculate that it'll be needed for food or biofuel crops in the near future. In the meantime you can rent it out to gypos.
Leave a comment:
-
Consider the plot & its location: is it near existing buildings, mains services, access routes?
Many councils are getting wise to the speculative land buys & there are a lot of crooks out there, due to recent planning changes (industrial in to residential) you may be better off going with a brown-field site as you may be able to rent it for car parking whilst waiting for the right time to sell.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Autumn Budget 2024: Reeves raids contractor take-home pay Yesterday 14:11
- How Autumn Budget 2024 affects homes, property and mortgages Yesterday 09:23
- Autumn Budget 2024: Reeves raids contractor take-home pay Yesterday 09:20
- Autumn Budget 2024: Umbrella companies hit, Employer NICs hiked, and BADR heading for 18% Oct 30 16:54
- Autumn Budget 2024: chancellor’s full speech Oct 30 16:34
- RecExpo got told this about Labour’s Employment Rights Bill… Oct 30 09:10
- A limited company just got one over HMRC on VAT; here’s how Oct 29 09:24
- Top 5 Autumn Budget areas for IT contractors to tick off Oct 28 09:30
- Top 5 umbrella company expenses things to still do in 2024 under 2016's T&S rules Oct 24 08:21
- PGMOL ties up Mutuality but Control’s new low bar is a concern set to run and run Oct 23 08:10
Leave a comment: