ChatterBank1 min ago
development opportunity
4 Answers
I have a house with some land (enough to develop 14 flats and the adjoining neigbour wants to sell his bungalow. Given the current property market conditions and state of the economycan anyone settle my nerves and give any advice on the likelyhood of selling 1-2/bed flats when mortgages are that much harder to obtain for 1st timers.
planning isnt the issue or building but its the re-sale and current state of the housing market that concerns me more. Thanks to all
planning isnt the issue or building but its the re-sale and current state of the housing market that concerns me more. Thanks to all
Answers
Best Answer
No best answer has yet been selected by jamesmichael. 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.Depends where they are and how much you would sell them for?
Look around your local market and see what is selling. If your proposed developement is in keeping with what is going well then go for it.
Otherwise sit on the land for a while untill the market pickes up.
If you are able to tie up capital with the purchase of the other bungalow then I would get that as well.
Look around your local market and see what is selling. If your proposed developement is in keeping with what is going well then go for it.
Otherwise sit on the land for a while untill the market pickes up.
If you are able to tie up capital with the purchase of the other bungalow then I would get that as well.