Lambton Estate development

Discussion in 'SMB' started by Rusty, Jan 5, 2019.

  1. Rusty

    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?
     
  2. bobpc30

    bobpc30 Winger

    No idea.
     
  3. Rusty

    Rusty Midfield

    Cheers mate.
     
    monkeytassle likes this.
  4. luvulongtime

    luvulongtime Striker

    might be their parent company ESH
     
  5. Vea

    Vea New Member

    Duchy Homes are building houses on the estate.
     
  6. bobpc30

    bobpc30 Winger

    No problem. Anytime.
     
  7. Rusty

    Rusty Midfield

    That was my first thought but spoke to someone at another one of their developments who knew nowt about it.
     
  8. jarramackem

    jarramackem Midfield

    Are we getting a new Lion Park?
     
  9. Jarra Dicka

    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?
     
  10. Rusty

    Rusty Midfield

    480 homes throughout the lambton grounds split into villages, retail units and some shops at the old garden centre site and lambtons home turned into a hotel/wedding venue.

    480 plus retail units
     
    DiscoPants86 and LineMonkey like this.
  11. Jarra Dicka

    Jarra Dicka Winger

    Sounds good....and expensive
     
  12. Rusty

    Rusty Midfield

    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.
     
  13. Jarra Dicka

    Jarra Dicka Winger

    Had a drive through the grounds a couple of years ago and never realised how big it is.
     
  14. Rusty

    Rusty Midfield

    Aye massive runs all the way from biddick Woods down to the river. I live in Bourn Moor at the minute and looking to move in next few years so timing could be perfect.
     
    DiscoPants86 likes this.
  15. vinegar hill

    vinegar hill Striker

    Another aristocrat cashing in.
     
    the dark one and Butcher's Coat like this.
  16. the dark one

    the dark one Winger

    Where will the lambtons live then?
    Unreal how much land they own mind. Rite bastards as landlords it seems.
     
  17. Rusty

    Rusty 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
     
    Last edited: Jan 5, 2019
    LineMonkey likes this.
  18. Roaring Chubby

    Roaring Chubby Midfield

    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.
     
  19. double maxim

    double maxim Midfield

    Fairly standard to have an overage clause when selling land with development potential mind, any shrewd land owner would do the same.
     
  20. Rusty

    Rusty Midfield

    At 25%?
     

Share This Page