Speculating on land

[DimPrawn]

I have (another) daft idea.

I buy land that has no planning permission for residential property.

I apply agressively for planning permission (outline).

If agreed I sell at a profit (large).

If not I resell the land on at cost and try again.

e.g.

http://www.uklanddirectory.org.uk/la...le.asp?id=6796
http://www.uklanddirectory.org.uk/la...le.asp?id=6167


Genius or cretin?

[Lucy]

Genius or cretin?

There are so many to choose from.

[Bagpuss]

I have (another) daft idea.

I buy land that has no planning permission for residential property.

I apply agressively for planning permission (outline).

If agreed I sell at a profit (large).

If not I resell the land on at cost and try again.


Genius or cretin?

The problem is, many people are doing this, so the land will be bought for more than its worth without planning, so if you don't get it you have an overpriced piece of land which may or may not resell for what you paid for it.

[Moscow Mule]

If not I resell the land on at cost and try again.

Factor in cost of funds - otherwise you'll be down more than a few quid on each deal.

[bogeyman]

Speculating on land

Speculate at sea - much more fun.

[MrRobin]

It's been done (being done) lots already. Google 'Landbanking'

[Mailman_1]

Factor in cost of funds - otherwise you'll be down more than a few quid on each deal.

Cost of funds, cost of planning application (architects fees etc), legal fees, searches, surveys, stamp duty...... the list goes on. You will have to sell on at a profit if you dont get the planning. The fact the planning has been refused (Can be looked up easily) will deter a lot of buyers.

[DimPrawn]

The fact the planning has been refused (Can be looked up easily) will deter a lot of buyers.

How do you do this?

[Bagpuss]

I've got 200 acres on the moon if anyone is interested, first refusal to Lucy for her cream cheese farm

[Lucy]

I've got 200 acres on the moon if anyone is interested, first refusal to Lucy for her cream cheese farm

I suppose it is easier for you to try and make fun of me here than it is to answer the perfectly reasonable question I pm'd you.