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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Posted: Wed May 11, 05 10:18 am Post subject: Property in Essex |
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As you all know I've been combing the Essex countryside for a property with not much luck so far, I'm after something that I can get to work on straight away but I know that people may have different circumstances so this is something that I viewed on Monday but isn't suitable for us:
Location:
Lower Dunton Road, Bulphan, Essex.
It's not terribly posh or anything but it's surrounded by lovely countryside, although it is on a fairly busy road. Easy access from the A127 & A13, I was there this morning and it took me 40 minutes to drive to work (Whitechapel) from there.
Property:
It's divided into 3 lots:
Lot1 �700,000 +vat
A grade II listed house that requires some pretty serious structural works and complete gutting internally, you'd probably be best trying to encourage it to fall down
47,000 sq ft of out buildings including a HUGE Essex barn
36 acres of nice level fields that are currently used for grazing
Unfortunately there's a barn of disputed ownership on the front boundary, directly facing the Essex barn (which would make an excellent house, the framework is intact but clad in corrugated iron)
Lot2 �55,000 +vat
A 9 acre field
Lot 3 �125,000 +vat
A 36 acre field, nice and level, used for hay at the moment. Opposite a nature reserve.
The reason we're not going for it is that I think it'll take at least 3 years to get the necessary consents etc for any of the proposals that we'd put forward. I've done extensive research myself and employed a planning consultant (who's down there right now) and these are my thoughts on the property:
1.
If you could face the prospect of living 20ft away from a barn that is on the verge of collapse in your front garden then the Esex barn would make a huge and excellent house, as I said earlier the existing house in my opinion needs to fall down.
2.
The local council appears to have quite a flexible policy on Green Belt usage so I think it would be possible to buy lot 3 and apply for permission to build on it. From my reading of the various documents, annexes etc it appears that the council would allow temporary accommodation for 3 years on production of a viable business plan, at the end of the 3 years if you can show that you've made a profit at least 1 year then you can convert the temporary permission to full consent for a permanent dwelling.
This obviously has a high element of risk attached, but it could be a very cheap way to get on the ladder if you are serious about it and don't mind living in a caravn for 3 years
I don't want to wait 3 years, but if I was a few years younger I think I'd have chanced it.
If anyone wants to know more please PM me, as I said I've got a planning consultant looking at the place today (I'd already booked him in before I decided it wasn't for us), anything that he comes up with will be free for any of you to use. |
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judith
Joined: 16 Dec 2004 Posts: 22789 Location: Montgomeryshire
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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judith
Joined: 16 Dec 2004 Posts: 22789 Location: Montgomeryshire
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Treacodactyl Downsizer Moderator
Joined: 28 Oct 2004 Posts: 25795 Location: Jumping on the bandwagon of opportunism
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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judith
Joined: 16 Dec 2004 Posts: 22789 Location: Montgomeryshire
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Treacodactyl Downsizer Moderator
Joined: 28 Oct 2004 Posts: 25795 Location: Jumping on the bandwagon of opportunism
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Treacodactyl Downsizer Moderator
Joined: 28 Oct 2004 Posts: 25795 Location: Jumping on the bandwagon of opportunism
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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tahir
Joined: 28 Oct 2004 Posts: 45672 Location: Essex
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Blue Peter
Joined: 21 Mar 2005 Posts: 2400 Location: Milton Keynes
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