Good morning everyone,
After reading quietly for a long time, my wife and I have decided to share a topic with you and hopefully receive some helpful feedback.
We moved into our terraced house in the outskirts of Hanover in late summer 2021. With 140 m² (1,507 sq ft) of living space, the house is more than sufficient for us. However, with a 15 m² (161 sq ft) terrace and about 50 m² (538 sq ft) garden, a bit more outdoor space would be welcome. Adjacent to the five terraced houses (opposite the entrance) is a plot of land that was offered to us (all the owners of the terraced houses together) for purchase at the end of last week. The plot is about 700 m² (7,535 sq ft) in size. It has five old garages/sheds on it (presumably leaky and possibly insulated with asbestos). It is NOT designated as building land and, to our knowledge, cannot be converted into such. The plot can only be accessed by vehicles via our shared driveway. There is no right of way. However, the land could potentially be used as a garden area (playground, barbecue area, planting beds, etc.).
A bit more about the location: We are in a small town in the historic town center with nearby shopping, public transport, banks, a cinema, motorway access, etc. A few kilometers further out, the area becomes quite rural.
We are currently very undecided about what price we would be willing to pay for this plot. On the one hand, it’s just grassland. Fields nearby sell for about 150 EUR per square meter. These can at least be used for agriculture. On the other hand, we would have more space, and our property would probably gain value from the additional communal land. Overall, we would be happy to have the extra area, but not at any price.
So the question(s) for you: What value would you assign to this plot or offer the owner? How would you determine a price that is as fair as possible for both sides?
If you need any more information, we are happy to provide it. Thanks in advance for your feedback.
After reading quietly for a long time, my wife and I have decided to share a topic with you and hopefully receive some helpful feedback.
We moved into our terraced house in the outskirts of Hanover in late summer 2021. With 140 m² (1,507 sq ft) of living space, the house is more than sufficient for us. However, with a 15 m² (161 sq ft) terrace and about 50 m² (538 sq ft) garden, a bit more outdoor space would be welcome. Adjacent to the five terraced houses (opposite the entrance) is a plot of land that was offered to us (all the owners of the terraced houses together) for purchase at the end of last week. The plot is about 700 m² (7,535 sq ft) in size. It has five old garages/sheds on it (presumably leaky and possibly insulated with asbestos). It is NOT designated as building land and, to our knowledge, cannot be converted into such. The plot can only be accessed by vehicles via our shared driveway. There is no right of way. However, the land could potentially be used as a garden area (playground, barbecue area, planting beds, etc.).
A bit more about the location: We are in a small town in the historic town center with nearby shopping, public transport, banks, a cinema, motorway access, etc. A few kilometers further out, the area becomes quite rural.
We are currently very undecided about what price we would be willing to pay for this plot. On the one hand, it’s just grassland. Fields nearby sell for about 150 EUR per square meter. These can at least be used for agriculture. On the other hand, we would have more space, and our property would probably gain value from the additional communal land. Overall, we would be happy to have the extra area, but not at any price.
So the question(s) for you: What value would you assign to this plot or offer the owner? How would you determine a price that is as fair as possible for both sides?
If you need any more information, we are happy to provide it. Thanks in advance for your feedback.
S
Stadtrand30 Apr 2022 15:00driver55 schrieb:
Loosely quoting Klaus Kinski, "I don’t understand the question." (even though the above isn’t exactly a question.) 🙄
“All RH owners together” means? The community is supposed to buy it? And if something is offered, doesn’t the offer usually state a price?
You want to buy the plot just for yourselves?
How is the forum supposed to know what prices are paid for “greenland” in your area?
Show a picture from Google Maps so we can get a better idea of the additional plot...Yes, it means the community is supposed to buy it. However, the current owner probably wouldn’t mind if just one party decided to buy. The offer so far was more about informing us of the owner’s intention to sell, but without a specific price yet. That’s why we want to submit an offer as a community next week — hence our inquiry.
Accordingly, we do not want to buy the plot just for ourselves.
Regarding prices for greenland: What is the best way to find out which prices are realistic in our area? That is, among other things, the point of the question.
Here is a graphical representation of the situation. The plot in question is marked in red. There is a wall facing the street — the curb is not lowered. The row of houses is shown in green. The image is oriented with north at the top. The gardens are located “behind” the houses, meaning to the south.
S
Stadtrand30 Apr 2022 15:0811ant schrieb:
I have to quote Kojak here: "I lllove it," regarding how "economical" some questioners are in shedding light on the background. Based on the sparse facts presented, one can only piece together a very vague picture: I suspect "our access road" refers to a shared driveway (which likely also serves as an emergency access right for the property in question) leading to a block of five row houses; "opposite the entrance" probably means the disputed property is essentially a "front garden facing" spot, which would not be compatible with the backyards of the houses. It would be interesting to know whether it might be feasible with the other neighbors—which means those potential co-bidders on the tight market for this property. The descriptions of the existing buildings and the statement that it is not a building plot contradict each other. Regarding the property in question, I can only speculate vaguely that it belongs to a larger area where the seller developed two detached houses opposite the five row houses (and now, due to rocky or contaminated soil, cannot find anyone interested ???). In any case: the original poster should realize that in this fog, every crystal ball must remain dark :-(
I can only join this petition (and add from experience that there should be some recognition of this, so please refrain from the usual games).It is somewhat difficult to determine exactly what information you need. I have now cropped the image from BORIS. I believe that the cautiousness in sharing information on such topics may stem from the possibility that the seller could be reading along ;-)
The background of this situation is that there was originally one large plot of land. A part of it was split off to build a multi-family house (to the south). Then the plot was divided again, and one part was sold to the developer of our row houses. The remaining portion is now the subject here and was purchased by a third party, independent from the first two—probably with the hope of also being able to build there or, as you suggested, as a speculative investment. However, to our knowledge, this hope has not been fulfilled.
By the way, the gardens cannot be combined, no.
Here once more with the three "parts":
S
Stadtrand30 Apr 2022 15:09SoL schrieb:
...so you could say, you remove a section of the wall, lower the curb, and suddenly every potential buyer can access the property.
So, it’s not as unsellable as originally thought... The question is how easily the public parking space along the street could be replaced by a driveway. And what effect that would ultimately have on the value, since it still isn’t building land.
Stadtrand schrieb:
The question is how easily the public parking area along the street could simply be replaced by a driveway. And what impact that would ultimately have on the value, since it is still not building land.So, there isn’t a direct street there, but parking areas?Please put all the information on the table...
S
Stadtrand30 Apr 2022 15:35Cars are usually parked on both sides of the street. Whether this is an "official" parking area or if the neighbor could simply lower the curb here, I cannot say. Perhaps the screenshot from Maps makes it clearer (the old building is still visible at the bottom – which logically no longer exists):
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