Monday, May 11, 2015

Only £27.500 per building plot

Dailymail: Farmer turns down £275MILLION to sell his land for housing

Just shows the real value of land for building plots, £275 million = £27,500 per plot

Posted by mark @ 09:09 AM (3772 views)
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1. mombers said...

What a mensch, protecting the views of the few and condemning the many to living in cramped conditions and paying more per square meter...

Monday, May 11, 2015 10:03AM Report Comment

2. icarus said...

It's a 'potential offer' made two years ago. And (official?) 'enquiries' have turned down 'the proposal' even though it's still in its 'early stages' and no planning application has been made. I wonder why the other newspapers aren't carrying this 'story'? And what's Kim Kardashian doing today?

Monday, May 11, 2015 10:50AM Report Comment

3. mark said...

it would make a great caravan site for travellers

Monday, May 11, 2015 11:34AM Report Comment

4. mombers said...

I wonder if the developer just bought an option to buy for £275m if they could get planning permission? An acquaintance of mine got paid such an option - £950k for a flat worth half that, on the proviso that they could get planning permission to knock it down and use the land more efficiently, i.e. build three times as many flats. A pure example of value created out of thin air but trousered by a select individual who has nothing to do with its creation.
That said, my block is very similar and nearby so I would change my mind if I won a similar lottery... :-)

Monday, May 11, 2015 12:02PM Report Comment

5. mark said...

i doubt they would be turned down - they have enough clout to fight

Monday, May 11, 2015 12:55PM Report Comment

6. cyril said...

I thought there was supposed to be a massive oil field under East Sussex? Probably better to not to build housing estates all over it just in case

Monday, May 11, 2015 04:46PM Report Comment

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