Anyone had thier house compulsary purchased for e.g. new road ?

[Dave7]

A guy I play golf with has lived in his bungalow for 48 years. They bought it brand new when they got married (he is 72 now).
Warrington council have proposed a new road............right through his house. The council have 4 possible routes but will not make the decision as to which route until October 2019.
So X number of people are in limbo.........houses are just about worthless until the decision is made.

I know progress has to be made........our house was demolished around 1965 for the "new" Mersey tunnel. But decisions like this can have such an affect on peoples lives.

 

[Dayvo]

Not me, but a friend of mine is having her house bought for the building of the new runway at Heathrow.

She said that she'll be getting a good price for it and will be helped with re-locating.

 

[classic33]

A number of properties are earmarked for demolition, some less than 10 years old so the council can widen a road they narrowed years ago.

Both to help traffic flow. I'm wondering how they plan on moving a retaining wall, whilst not blocking the railway line.

 

[Drago]

Ah, its always making peoples lives a misery to accommodate more and more motor cars.

 

[twentysix by twentyfive]

Planning blight it's called IIRC. Thankfully never been close.

 

[gavroche]

Ah, its always making peoples lives a misery to accommodate more and more motor cars.

Not really as they usually get a better price than the market value.

 

[subaqua]

One of the previous neighbours killed himself when the Government compulsory purchased the land where his business was based.They problem was they just wanted to give him a right basic amount not the true market value of the land. I dont know if they still try to pull this one. He was opposed to it but there was nothing he could do.

Not really as they usually get a better price than the market value.

Hmmmmm

 

[Drago]

Not really as they usually get a better price than the market value.

Not in the experience of my mates Dad, whom suffered this a few years ago, or an ex work colleague who is liable to be suffering form the same scenario soon.

In the case of my chums Dad, he got market value and not a penny more. Not a penny for solicitors, conveyancing, removal costs, or the general aggravation of moving when he didn't want to. By the time the process was complete he was considerably out of pocket.

In the case of ex work colleague, its still early days, but the initial approach has been market value and not a penny more, and that doesn't seem likely to change.

 

[gavroche]

Not in the experience of my mates Dad, whom suffered his a few years ago, or an ex work colleague who is liable to be suffering form the same scenario soon.

In the case of my chums Dad, he got market value and not a penny more. Not a penny for solicitors, conveyancing, removal costs, or the general aggravation of moving when he didn't want to. By the time the process was complete he was considerably out of pocket.

In the case of ex work colleague, its still early days, but the initial approach has been market value and not a penny more, and that doesn't seem likely to change.

I suppose it depends on your location and what they want your property for as I know of two owners who walked out with a lot more money than if they had sold on the market.

 

[Saluki]

One of the previous neighbours killed himself when the Government compulsory purchased the land where his business was based.They problem was they just wanted to give him a right basic amount not the true market value of the land. I dont know if they still try to pull this one. He was opposed to it but there was nothing he could do.

Way back in the 1970s a friend's parents had their house compulsory purchased for a pittance. There was nothing that they could do. They still had to pay the mortgage off on it, as the compulsory price didn't cover it. They never did get back on the housing market, council house ever since. It broke them.

I know that things are different now though, but I really felt for my friend's parents. Even my Dad said how wrong it was and he never got involved in anyone's drama

 

[shirokazan]

The general rule for any property is that you will receive the market value of your property and you can claim for directly consequential costs e.g. legal fees, cost of searching for a new property, etc.

Additionally, for a domestic property, a home loss payment is payable, calculated as 10% of the market value (s30(1) of the Land Compensation Act 1973), subject to a minimum of £5,800 / maximum £58,000 (revised by the 2016 regulations).

Land Compensation Act 1973: http://www.legislation.gov.uk/ukpga/1973/26/contents
Home Loss Payment amount regs: http://www.legislation.gov.uk/uksi/2016/789/pdfs/uksi_20160789_en.pdf

The law is quite complex and there's been a shed load of case law going back to when canals, railways, sewage works, etc. first came into being.

 

[Dan B]

If there are 4 possible routes and houses along all of them are worthless, buy one property on each. When route is announced, you've lost out on one house & made serious money on the other three

 

[shirokazan]

I suppose it depends on your location and what they want your property for as I know of two owners who walked out with a lot more money than if they had sold on the market.

What they want it for is irrelevant: any increase in value has to be ignored under the Pointe Gourde "no scheme rule" (this was a case from 1947).

 

[Dave 123]

A guy I play golf with has lived in his bungalow for 48 years. They bought it brand new when they got married (he is 72 now).
Warrington council have proposed a new road............right through his house. The council have 4 possible routes but will not make the decision as to which route until October 2019.
So X number of people are in limbo.........houses are just about worthless until the decision is made.

I know progress has to be made........our house was demolished around 1965 for the "new" Mersey tunnel. But decisions like this can have such an affect on peoples lives.

Can your mate acquire some great crested newts and bats?

 

[shirokazan]

If there are 4 possible routes and houses along all of them are worthless, buy one property on each. When route is announced, you've lost out on one house & made serious money on the other three

If they're worthless, then anyone buying them now would get little compensation. In contrast, the original owners who suffered the loss in value would be entitled to compensation but they would need to own the property at the date of acquisition by the acquiring authority.