Lambton Estate development

Rusty

Midfield
Anyone know who's going to be the developer on the lambton Estate? Seem to be prepping the old garden centre site now but only seen signs up for Lumsden and carrol?
 

Jarra Dicka

Winger
L&C are ground workers who prepare the area for the building company.
Does it say how many houses are going up?
 

Rusty

Midfield
Sounds good....and expensive
Aye can imagine the homes being pricey like. Think it would be lovely to live in the grounds though will be cracking for dog walks and the kids to play providing they don't build too much. The plans I've seen suggest there will still be plenty green space though.

Duchy Homes are building houses on the estate.
Where'd you hear that? Never heard of them.
 

Jarra Dicka

Winger
Aye can imagine the homes being pricey like. Think it would be lovely to live in the grounds though will be cracking for dog walks and the kids to play providing they don't build too much. The plans I've seen suggest there will still be plenty green space though.


Where'd you hear that? Never heard of them.
Had a drive through the grounds a couple of years ago and never realised how big it is.
 

Rusty

Midfield
Another aristocrat cashing in.
By all accounts he's skint and the only way to pay for renovations needed to the castle are to do the development

Where will the lambtons live then?
Unreal how much land they own mind. Rite bastards as landlords it seems.
My mam looked at buying land off them a few years ago. Some of the stuff in the contact was mad. If you built on the land then sold the house for a profit he wanted 25% of the profit for example.

There's two massive houses on the land mind so I assume one will be the family home
 
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Roaring Chubby

Midfield
By all accounts he's skint and the only way to pay for renovations needed to the castle are to do the development


My mam looked at buying land off them a few years ago. Some of the stuff in the contact was mad. If you built on the land then sold the house for a profit he wanted 25% of the profit for example.

There's two massive houses on the land mind so I assume one will be the family home
I bet loads of aristocrats are poorer than people think. The family money gets divvied up via inheritance with every generation. Each new lord of the manor ends up being significantly less well off than his father, unless he is very smart and can create lots of wealth.

That 25% clause wouldn’t be a deal breaker for me if it was a “forever home” build. It’s obviously a negative but you’d just have to factor it in to the overall business case. I think it would be risky buying land like that however as I could imagine the estate owner may treat you like a tenant on “his” land.
 

double maxim

Midfield
By all accounts he's skint and the only way to pay for renovations needed to the castle are to do the development


My mam looked at buying land off them a few years ago. Some of the stuff in the contact was mad. If you built on the land then sold the house for a profit he wanted 25% of the profit for example.

There's two massive houses on the land mind so I assume one will be the family home
Fairly standard to have an overage clause when selling land with development potential mind, any shrewd land owner would do the same.
 

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