Greetings Folks,

I was wondering if anyone has any sort of information on the latest investment opportunity being offered at Bromley, Kent (south East England) by UK Land Investments Group.

As I have never been to UK, it seems to be a difficult investment decision, though I am interested to review this opportunity and add it to my investment portfolio.

Here are some more details:

Location: New Addington
Plot Price: 13,200 Pounds
Approx Size: 250 Sq. Meters
Tenure: Free Hold
Plots for sale: 184
Total Plots: 619

Under 30 miles to Gatwick, Heathrow, and London Airport
6 miles to M25 Motorway
2.8 Miles to Hayes Railway, Kent
9 miles to Lewisham DLR Station
7 miles to Croydon Town Center
16 miles to Central London

I would welcome all kind of advice.

Thanks in advance.

Hi Mark

I live in South London, very close to Bromley. I took a quick look at the website, I could only see plots in Keston, which is not New Addington.


The site seems interesting, but I personally would want lots and lots of information before I part with my hard earned cash and I would never ever by blind.


Bromley and Keston are good affluent areas where property and land prices are going up by about 5% - 6% per year, but there are some questions I would be asking first:

Why is the plot so cheap in an area where the average house price is £250,000 and in Keston the prices go above the millions.

Does the land have any form of planning premission for building, if not, all you own is a piece of land that you can do nothing with. That does not mean the value will not rise, but how much will it rise by.

Are you issued with title deeds for the land, if not then you don't actually own it.

I hope this helps a little, if i can be of further help just ask.

Regards

Hello friend,

UK land investment has clarified that this area/site is in between Keston and New Addington so it can be referred to by both names.

I had forwarded them your questions and here is what they said, “Your comments are absolutely correct, Bromley is an affluent area where house prices are in excess of 250,000 GBP. Presently the land that we offer you is at the raw, undeveloped stage. Its future value once it is allocated for development will be in line with the property prices in the area. That is exactly what makes it a lucrative investment. You are entering at the raw stage and therefore you stand to gain when site gets allocated. It is with the same premise that UKLI Ltd retains up to 30% of each site for its own investment.

If from a house of 250,000 GBP you remove 100,000 GBP as the cost of the house, you are still left with a plot value of 150,000 GBP. £150,000 is the price of a plot with planning, and whilst this demonstrates a 1000% return on your outlay, a developer is unlikely to pay out quite so much; he will probably come in with a blanket price for a site where he is buying in bulk. So we further discount the price and can safely assume a conservative stance that you as an investor can expect the developer to pay you approximately 55000 – 60000 GBP for your plot.

Does the land have any form of planning premission for building, if not, all you own is a piece of land that you can do nothing with. That does not mean the value will not rise, but how much will it rise by.

“The above answers this question as well. In addition to the return you make once the site is allocated for development, I would like to point out that land values in the UK, rise by 10-12% per annum, regardless of development.”

This is an investment that will make you excellent returns, at the same time being a secure investment in a tangible asset that is always appreciating- land.

So what should be my next step?

Thanks for your kind help. Very much appreciated.

Hi Mark,

I am wandering whether you have made your decision and invested a plot of land in Bromley, Kent. I'm from Malaysia and UK Land Investment held an exhibition in Kuala Lumpur last weekend by its Malaysian branch for selling Phase 1, 2 and 3 of Bromley, Kent. FYI, Phase 1 - 200sqm at GBP12,000, Phase 2 - 100sqm at GBP7,000 and Phase 3 - 400sqm at GBP20,000.

If you have any further information on this investment, please let me know. Considering whether this is a good investment to my portfolio.

Cheers
Keen

You will find more ino on http://www.indianrealestateforum.com...group-112.html

You may want to look much more closely at this issue - there are plenty of land investment scams doing the rounds:
BBC NEWS | England | Land sales lies lure in investors

Bottom line is that sometimes these companies offer land for sale that has no chance of development. So be very careful of that.

UK Land Investments has just pitched up in Bangkok trying to sell plots of British Land. Their blurb claims they are affiliated to a well established property company called UK Land but I have never heard of this company. It is certainly not listed on the London Stock Exchange. I would look very carefully into this investment. What chance is there that the land will get planning permission? Do you get a title deed? If not, what is the ownership structure and what happens to the assets if the company goes bankrupt. If you are really keen to invest in British property but don't want to buy a complete property yourself, why not consider the many British property funds, managed by reputable financial institutions, or the shares of the top property firms listed on the LSE, i.e. British Land, Land Securities, Slough Estates? That way you get the benefit of their leverage and tax waivers, as well as dividend income. These salesmen flying out to KL and Bangkok probably have a good laugh about the naivety of people considering buying their products without knowing anyting about the UK property market over drinks at the end of the day.

Buying plots of land from organisations like this is not an investment - it's a gamble, and in most cases you are backing a horse that isn't even in the race !. If they were genuine they would not need to fly to the Far East & Australia to sell. Simply check with the planning department for the area being offered and you will be told in no uncertain terms that there is no chance off pp in the forseeable future.

Stop & think !. if you owned a plot of land that had a realistic chance of gaining pp and dramatically increasing in value, why would you sell it ?.

HOW CHEAP
Theyre very clever these scams. Cause we will never know the real intensions of the agent or seller. Do they REALLY believe they are selling you a rock solid investment, in which case its no scam atall. Or are they taking every opportunity that comes thier way to buy a field. Sorry. I mean. Gain legal rights to purchase the field for a reasonable price with a piece of paper, ANYWHERE, and cut it into smaller pieces and sell it for a FORTUNE. (compared to what its worth as a field for a horse or grazing cattle). There is a chance that anywhere will get pemission one day. The same chance is the reason we buy lottery tickets on weekends, but we all know its an f,,,ING slim one. My advice is unless you are loaded and like long term monopoly dont bother. And even then Dont bother. Not after all the other replies I just read. They're travelling the world selling pieces of fields in Bromley. . Is that cause no body in England wants to buy cheap land. I think not. We are all looking for it. Every man and his dog, With your cheap purchase you may even end up in a situation where you are paying somebody every year or month for some reason or other that you had never accounted for and this was never explained to you. If you really need to invest money I have some great development ideas and it would be good to have an international silent investor/partner. In fact it would be great because at the moment I'm skint. Good luck....

Hi,I am from Malaysian too.Nice to know you here.UK Land Investment held an exhibition in Penang by today.I am planning to invest 200 sqm at
GBP 15,000. But after read this thread,I think will may consider bout it.
What bout you? are you invest of it? izit that is good?