Buying garden not attached to property
Discussion
Interested in peoples thoughts about this. The cottage has a patio area but no grass. There is a massive building to the side of the cottage, that has a path past the cottage to the rear where there are 2 grassed areas. The grass areas are not connected to the cottage, but its no more than 5 meters from the front door of the cottage to the corner of the garden. The owner of the big house has said one of the grassed areas could be bought.
It is very closed off from the public, and surrounded by other gardens, no roads etc. So I would be more than happy to use it in the summer, and put a shed up for bikes.
But, will it add value to the property? I'd say yes, as its adding a garden, but do people discount it as its not attached?
It is very closed off from the public, and surrounded by other gardens, no roads etc. So I would be more than happy to use it in the summer, and put a shed up for bikes.
But, will it add value to the property? I'd say yes, as its adding a garden, but do people discount it as its not attached?
I'd agree, any gain in the overall size of the plot of your property should increase value, and a garden, even if detached will still be of more value than not having one at all.
Just make sure you don't pay too much for it - if theres no chance of any building taking place on it it shouldn't command a high price. When you get it, just make sure its self contained and perhaps lockable so it has defined boundaries. Is there anyway you can get the path as well or does this give access to other areas?
Just make sure you don't pay too much for it - if theres no chance of any building taking place on it it shouldn't command a high price. When you get it, just make sure its self contained and perhaps lockable so it has defined boundaries. Is there anyway you can get the path as well or does this give access to other areas?
mattman said:
I'd agree, any gain in the overall size of the plot of your property should increase value, and a garden, even if detached will still be of more value than not having one at all.
Just make sure you don't pay too much for it - if theres no chance of any building taking place on it it shouldn't command a high price. When you get it, just make sure its self contained and perhaps lockable so it has defined boundaries. Is there anyway you can get the path as well or does this give access to other areas?
There is no chance of building on either of the 2 grass areas. Just make sure you don't pay too much for it - if theres no chance of any building taking place on it it shouldn't command a high price. When you get it, just make sure its self contained and perhaps lockable so it has defined boundaries. Is there anyway you can get the path as well or does this give access to other areas?
The path goes past the entrance to the cottage for access to the gardens from the house, as they would retain one of them, they would want right of way still.
The house is leasehold, so is all of the path and one of the gardens (not the one we're interested in), I'm not sure what I'd need to do to buy the path as well, although it'd not really add much to the property.
The garden is walled 3 sides, with a parting wall on the fourth side which is 2/3's the length of the garden. I suppose you could gate it up but I really see no point, you wont get anyone around there apart from the owner of the house to use their garden.
What would you say the going rate for non-build-able land would be?
Edited by illmonkey on Wednesday 14th April 09:58
That would be sorted (by the seller), I'm not worried about that part.
I'm after opinions if you viewed a house and the garden wasn't attached but very close, what your reaction to price would be?
There is plenty of space for a big shed, BBQ, table+chairs for 10+ people. It is a great size, just not bloody attached! Grrrr
I'm after opinions if you viewed a house and the garden wasn't attached but very close, what your reaction to price would be?
There is plenty of space for a big shed, BBQ, table+chairs for 10+ people. It is a great size, just not bloody attached! Grrrr
illmonkey said:
But, will it add value to the property? I'd say yes, as its adding a garden, but do people discount it as its not attached?
It would definitely ADD value, but not as much as if it were connected. How much value depends on the area/location - i.e. is ourdoor space at a premium?
If it were central london, for example, it would add a huge amount. Here in Scotland, probably not so much.
Bump. We're in now, and looking into this a bit more.
What would associated costs be? Removing the land from a Leasehold and adding it to our freehold?
I'd imagine I can get the land for £10k-£15k, but if fees are an other £5k I might think twice...
I've drawn you a pretty diagram to get an idea.
Basically, we are the "house", the red line indicates what we currently own. The blue line indicates the right part of the gardens. We're looking at buying the left garden and increasing what we own to the thick grey line.
The right garden can hopefully be sold of to a neighbour, so we just buy the left garden.
What would associated costs be? Removing the land from a Leasehold and adding it to our freehold?
I'd imagine I can get the land for £10k-£15k, but if fees are an other £5k I might think twice...
I've drawn you a pretty diagram to get an idea.
Basically, we are the "house", the red line indicates what we currently own. The blue line indicates the right part of the gardens. We're looking at buying the left garden and increasing what we own to the thick grey line.
The right garden can hopefully be sold of to a neighbour, so we just buy the left garden.
Edited by illmonkey on Thursday 17th June 09:20
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