Buying patch of garden from next door
Discussion
Next door is rented out so is just a money earner for the owner, I may want to ask about buying a patch of their garden that's behind their garage to extend my garden about 9ft by 16ft.
The land has no other access and could not be built on to make a separate dwelling, the patch is an overgrown mess as the renters don't bother (house empty now).
The size of their garden will reduce but no smaller than the same house opposite that just sold for the same price as others on the street so there will be no reduced value to their house/land. And I can see no real increase to my value as others with larger gardens all sell for the same in my street.
Not sure what to offer really.
The land has no other access and could not be built on to make a separate dwelling, the patch is an overgrown mess as the renters don't bother (house empty now).
The size of their garden will reduce but no smaller than the same house opposite that just sold for the same price as others on the street so there will be no reduced value to their house/land. And I can see no real increase to my value as others with larger gardens all sell for the same in my street.
Not sure what to offer really.
Its a little hard to say without knowing at all what the houses are worth. However your neighbour may feel that whilst the garden is a pain in the backside now, it will enhance the saleability of his house, it may not sell for more then the others around it, but it may be what sells the house.
With regards to the contract, if you're paying you might tell him to go get a lawyer and (assuming reasonable costs) refund the fees he pays. I'd been told to do this when I was paying both sides once, since if they used the same bunch it could all potentially have been overturned with some dispute down the line by saying you had a hand in it. They have their own independent legal advice etc, the problem goes away.
With regards to the contract, if you're paying you might tell him to go get a lawyer and (assuming reasonable costs) refund the fees he pays. I'd been told to do this when I was paying both sides once, since if they used the same bunch it could all potentially have been overturned with some dispute down the line by saying you had a hand in it. They have their own independent legal advice etc, the problem goes away.
HotJambalaya said:
Its a little hard to say without knowing at all what the houses are worth. However your neighbour may feel that whilst the garden is a pain in the backside now, it will enhance the saleability of his house, it may not sell for more then the others around it, but it may be what sells the house.
With regards to the contract, if you're paying you might tell him to go get a lawyer and (assuming reasonable costs) refund the fees he pays. I'd been told to do this when I was paying both sides once, since if they used the same bunch it could all potentially have been overturned with some dispute down the line by saying you had a hand in it. They have their own independent legal advice etc, the problem goes away.
All the houses sell for £185,000 and have done for the last 5 years not many come up for sale. The one I mentioned in the OP with the smallest garden that will match that my neighbour will be left with sold for £185K asking price and got sold to the first viewer before the agent even advertised it.With regards to the contract, if you're paying you might tell him to go get a lawyer and (assuming reasonable costs) refund the fees he pays. I'd been told to do this when I was paying both sides once, since if they used the same bunch it could all potentially have been overturned with some dispute down the line by saying you had a hand in it. They have their own independent legal advice etc, the problem goes away.
PAULJ5555 said:
Next door is rented out so is just a money earner for the owner, I may want to ask about buying a patch of their garden that's behind their garage to extend my garden about 9ft by 16ft.
...
Not sure what to offer really.
If I were buying next door it sounds an ideal area to extend the garage back/build a shed/materials storage area etc. ......
Not sure what to offer really.
Try offering £10K?
TA14 said:
If I were buying next door it sounds an ideal area to extend the garage back/build a shed/materials storage area etc. ...
Try offering £10K?
Its just going to be a bit of extra grass space for the kids to have, I'm not going to pay 10k as it will not add a penny to the value of my house or devalue next door at all or alter the saleability either.Try offering £10K?
I was thinking about £3k.
PAULJ5555 said:
TA14 said:
If I were buying next door it sounds an ideal area to extend the garage back/build a shed/materials storage area etc. ...
Try offering £10K?
Its just going to be a bit of extra grass space for the kids to have, I'm not going to pay 10k as it will not add a penny to the value of my house or devalue next door at all or alter the saleability either.Try offering £10K?
I was thinking about £3k.
PAULJ5555 said:
or devalue next door at all or alter the saleability either.
I was thinking about £3k.
That's your opinion though - if he ever tries selling it so someone who wants a bigger garden then he's stuffed.I was thinking about £3k.
Legals will cost around £1k to cover both sides. I wouldn't bother messing about selling it for £3k personally - you have to make it worth doing.
Saying that, everyone's different so give it a try.
PAULJ5555 said:
Its just going to be a bit of extra grass space for the kids to have, I'm not going to pay 10k as it will not add a penny to the value of my house or devalue next door at all or alter the saleability either.
I was thinking about £3k.
Well you can always increase a low offer, but you can't really drop an offer thats too high. Having said that, you neither want the door slammed in your face, nor do you want to be increasing frequently. I'd probably offer £4.5k and max out at around £5k. You're obviously buying it because you think it adds something to your life (enjoyment etc) and its that that you're going to have to value; since you've already admitted to yourself that it doesn't enhance the value of your property at all you know that this money isn't going to be re-couped when you sell. How much is your extra enjoyment worth to you?I was thinking about £3k.
PAULJ5555 said:
Its just going to be a bit of extra grass space for the kids to have, I'm not going to pay 10k as it will not add a penny to the value of my house or devalue next door at all or alter the saleability either.
I was thinking about £3k.
start low ... I was thinking about £3k.
a larger area than that in suburban lincolnshire with similar access issues is only worth 4- 5 k
PAULJ5555 said:
Not sure what to offer really.
You can do all kinds of calculations however, there is one simple rule:He will say yes if he values your cash more than the loss of his asset.
So don't bid anything, yet. Ask him if he's ever thought about selling it, and if he'd sell it to you, and if so how much he would want on the basis that if he comes up with a sensible figure, you will consider it.
If he doesn't really want to sell then the amounts you are talking about will not sway if for him.
It's basically worth what you want to pay...
I'm in the process of buying a walled garden of roughly 720 m2 from next door.
Original asking price was 85K (as this would be what they would expect to nett after selling it for social housing)
We offered 15K, finally settled on 40.
Its far more than I wanted to pay originally but means I don't have 6 housing association flats adjacent to and overlooking my garden though. We did feel a bit held to ransom, then again I would probably do the same in their position.
I'm in the process of buying a walled garden of roughly 720 m2 from next door.
Original asking price was 85K (as this would be what they would expect to nett after selling it for social housing)
We offered 15K, finally settled on 40.
Its far more than I wanted to pay originally but means I don't have 6 housing association flats adjacent to and overlooking my garden though. We did feel a bit held to ransom, then again I would probably do the same in their position.
Remember that it's a risk that way round as well in that if he says he'll sell the land if you offer £3K he might have wanted £10K min but say to you let's settle at £5K or £6K. If he says he want's £15K or £20K he'd come down to the £10K that he wanted but he'd now suffer a huge loss of face to come down to £5K or £6K. The only real advantage in asking him to name a price is if you think that he'd only want less than you're prepared to pay, say £500 - possible but I think that the odds are against you.
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