Owning your own home

forest gate village

As a born and bred East Londoner (not many of us left), I am aghast at this concept. I remember Forest Gate in the 80s/90s. It's not exactly a picnic now, but ain't shit village-y about that motherfucker, now or ever. Christ alive.

Not quite owning your own home, but same vain...
Anyone looked into buying land? I'm wondering if I could afford a sliver of ex farmland somewhere semi shit and build a glorified garden shed on it t ouse as a weekend away.
Not really golf club thread style, more swampy style.
Anyone done anything similar?

Land is very expensive currently, even more so if it is land that can be built upon.
Add to this the all time ridiculousness of materials, staff shortages, and it is probably the least sensible time to try this.
https://www.savills.co.uk/landing-pages/rural-land-values/rural-land-values.aspx

That may be true, but I dont have a time machine, so....

You might find it very difficult to get permission to build a dwelling on farm land. They'd want to see evidence that the building was there to support the current use of the land - i.e. if you had a heard of sheep and needed somewhere to sleep during lambing. Otherwise they will just see "residential house" on "farm land"

We went to an early jubilee style party two roads away on Sunday
We were invited by some friends who lived on the street
We weren't offered food or drink despite there being tables of it
No one other than the friends even said hello
They'd hired in a bouncy castle which our youngest played on for about an hour
One of the residents asked my wife for "a contribution" to the bouncy castle hire
She paid them £5!
If they'd asked me I would have told them to fuck off...
I noticed they were more than happy to allow a councillor who lives in my street to fill her boots!!

build a glorified garden shed on it t ouse as a weekend away

A few years ago I spent a small amount of time researching this. It seemed attractive at first blush but looking after land / woodland properly does entail real work and the number of nights you can stay is limited. You also hear horror stories about dealing with trespass etc

https://www.woodlands.co.uk/owning-a-wood/sheds/

Friends of ours have a small parcel of woodland down in Kent/Sussex where they have a hut that they stay in for weekends/school holidays. No electricity or running water but they seem to enjoy it. I don't know how much it cost them, but they are not golf club thread types, that's for sure.

Well at least you won't get invited back!

This sounds pleasant!
Thinking about it I have kinda been renting a woods in Sussex for 15+ years, or at least part of a group that does, but thats a whole dif ball game.
Any idea where they found theirs?

@NickCJ interesting link, thanks!

There was something similar to this in news recently, where two families bought farm land and stuck caravans on it.

Yeah I can imagine there will be lots of hurdles...

So much to unpick here.....

sounds lovely

This would be ideal.

1 Attachment

This doesn't, at all, sound like some kind of cult thing.

people will pay stupid money to do the very same.
my extended family co-own 3/4 of an acre just outside my home village in kent that was my grandfathers allotment/market garden, it has a shed, half of it it grass, the other half a bit overgrown as it’s a full time job keeping it clear but great for BBQ/parties/camping.
adjoining this is a slither of woodland on a slope that is about 20m wide at the boundary with our field and it narrows to a point where it meets the village, it’s wooded and has no level ground in it. somebody paid £15k for it!? they drive down and sit in the wood for a bit but it’s actually not much good for anything, too small to coppice and do firewood, too dark to enjoy in the summer and no room to have a gathering and no parking.
the family would have chipped in and bought it for £5k as theres a path right up the middle that goes into our field but couldn’t believe the price it went for.

Makes me uneasy just seeing stills from this film. So good!

Funny thing is, it 100% is, well, not us, the others... Wickans and all that, had a few run ins.

That sounds ideal tbh...
https://www.youtube.com/watch?v=Q6-fYHQMgQM

Hahaha. To have the budget I have now five years ago.
In the nice parts roughly 100km around Berlin, you could buy whole houses, with nice land, for the money that now gets you 300sqm.

Lots of people buying woodland to avoid IHT - several billionaires buying up parcels all over the place.

I looked into creating a fund to buy up large parcels of woodland (can’t get a mortgage for it) and then divide them into smaller bits as more of a consumer investment. But returns still didn’t look great for the effort. WaaS (woods as a Service)

Not too worried - If our offer doesn’t get accepted we just won’t sell this place. Not the end of the world. They’ve had 3 viewings so far, so think selling in E17 would be quicker anyway

Does anyone have any recommendations for a supply and fit of an interior terrazzo/stone interior windowsill in london and some idea of cost?

looking at a 5.5m ish run at 27cm deep 20mm thick, obviously it will need to be split into 2-3 sections to fit.

a decentralised autonomous community to buy tokenised woodland ;-)

Land is a nice thing to put in one's SIPP. The way the trade works best is that you buy the field next to your house, enjoy the view for 25 years then sell it to bank the planning gain when you downsize / move further from London. The valuation is amazingly geared as the long-term development potential comes into view.

In the old days you would simultaneously pledge it as underwriting collateral at Lloyd's. That didn't end so well.