Uk Sends 470 Delegates To The Un Climate...
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No best answer has yet been selected by beryllium. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.Is the neighbour you refer to at the start of your post Persimmon? If not, I am not clear what the position is.
Assuming it is Persimmon and they are suggesting you buy land from them, it is odd that they won't quote a price.
If the situation is different and it is you and your neighbours who have approached Persimmon I can see their reluctance to give a price before knowing what the use of the land would be. If they in effect have a ransom strip (i.e. you can't do what you want to do without buying land from them) then their price is going to be related to the market value of the land after you have done whatever you intend to do with it. Traditionally, I believe the owner of a ransom strip expects to get about 25% of the development value of the land released for use by him selling the strip. In your case, this would probably be based on increase in value of your houses with the garages or accesses which you couldn't otherwise get.
It could be worth you and your neighbours using the services of an experienced agent to negotiate with Persimmon. You have to expect to incur some costs for this, and drawing up plans and getting planning permission.
themus, thank you hugely for the information.
As I understand it, my neighbour has approached Persimmon homes to buy the strip because they are not looking after it, and then she approached us with things to sign before i had had a chance to find out any more information, so i said no until i had asked on here funnily enough.
Once again Thank You, much appreciated....
B. xx
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