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buying a house advice

  • 13-09-2016 8:38pm
    #1
    lt123
    Registered Users, Registered Users 2 Posts: 2 ✭


    Hi there, apologies if this is wrong thread, but ill try here.
    Buying a house, everything was smooth as butter, but went to solicitor to sign contracts. And guess what, there is big bump. The house and the site is in Councils future planing for the road.(its marked in the middle of the road). Plan should take in 2016 - 2021, by private company, but like my solicitor said: might happen might not :))

    My question: is it worth to buy a house in this situation? if the council goes a head with the plan, would it purchases in little higher price?


Comments

  • #2
    Tigger
    Closed Accounts Posts: 16,705 ✭✭✭✭Tigger


    you get over market rate if it goes cpo

    https://www.scsi.ie/documents/get_lob?id=402&field=file

    might make 10% from what i've heard thats probably tax free
    you will need to discuss with a chartered surveyor to know whether its worth the risk


  • #3
    lt123
    Registered Users, Registered Users 2 Posts: 2 ✭lt123


    Tigger: would it still work, if ill purchase a house, knowing it might happen? thanks


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