Why would you buy this?
Discussion
LR90 said:
BoRED S2upid said:
In case someone wants to dig it up. Broadband, virgin, British Gas etc… it’s probably one of those might make some money in 20 years type things and your average person wouldn’t be buying it.
How would that work though? Utilities companies are allowed to dig up public highway anyway, right?
Google
Ransom Strip
If you look closely, it's not just the road, tiny bit either side, you can charge anyone that wants services connecting that need to cross it.
Also may be possible to extract a parking space or enough room for a garage or sell a bit of extra garden to someone etc
Long term play
Ransom Strip
If you look closely, it's not just the road, tiny bit either side, you can charge anyone that wants services connecting that need to cross it.
Also may be possible to extract a parking space or enough room for a garage or sell a bit of extra garden to someone etc
Long term play
I've seen similar before & I don't get it either.
In one case it was a section of pavement & half the width of the public road approx 20m long, down a random cul de sac.
The only thing I could think is its some sort of ruse on the sellers side; that they've somehow got the deed to this pointless piece of land in their name so they can sell it?
In one case it was a section of pavement & half the width of the public road approx 20m long, down a random cul de sac.
The only thing I could think is its some sort of ruse on the sellers side; that they've somehow got the deed to this pointless piece of land in their name so they can sell it?
balham123 said:
Google
Ransom Strip
If you look closely, it's not just the road, tiny bit either side, you can charge anyone that wants services connecting that need to cross it.
Also may be possible to extract a parking space or enough room for a garage or sell a bit of extra garden to someone etc
Long term play
Typically these sales do not create a ransom. The properties abut the public highway. It will be an ex council estate. Ransom Strip
If you look closely, it's not just the road, tiny bit either side, you can charge anyone that wants services connecting that need to cross it.
Also may be possible to extract a parking space or enough room for a garage or sell a bit of extra garden to someone etc
Long term play
The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
balham123 said:
If you look closely, it's not just the road, tiny bit either side, you can charge anyone that wants services connecting that need to cross it.
If it's the area between the red lines it's the whole road.There's a school run near me; I've often wondered about buying a 1" strip across the road and charging everyone £1 to cross it
Simpo Two said:
balham123 said:
If you look closely, it's not just the road, tiny bit either side, you can charge anyone that wants services connecting that need to cross it.
If it's the area between the red lines it's the whole road.There's a school run near me; I've often wondered about buying a 1" strip across the road and charging everyone £1 to cross it
As for buying a 1inch strip, who are you buying it from? If that was a realistic proposition it would happen all over the place.
blueg33 said:
Typically these sales do not create a ransom. The properties abut the public highway. It will be an ex council estate.
The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
That sounds the most logical reason for a punt.The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
But yeah, how long a punt. 10yrs or 50yrs.
blueg33 said:
Typically these sales do not create a ransom. The properties abut the public highway. It will be an ex council estate.
The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
Looks like a late 90s estate on Streetview. Surely as well as the potential value from future development, you are on the hook for any maintenance etc?The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
Would be great if you lived there though and didn't like people parking outside your house. "you don't own the road". Well actually...
I know this road well and can assure you that it couldn't be further from an ex-council estate! Very nice and very expensive modernish detached houses. It was all built as a single development so I assume that this sale is just the remaining land still owned by the developer after all the individual plots were sold off. Presumably they just want rid of it now for some reason.
Mr Whippy said:
blueg33 said:
Typically these sales do not create a ransom. The properties abut the public highway. It will be an ex council estate.
The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
That sounds the most logical reason for a punt.The value is in the future. If the site is redeveloped and the road pattern changed then the adoption will be stopped up, and usually a collaboration agreement would distribute land value between owners.
But yeah, how long a punt. 10yrs or 50yrs.
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