Private road = Building land? Who pays which share?

As long as his bank goes along with the madness.

It's probably the same as always, if he doesn't take it, there are already 50 others lined up ready to go along with the madness

Could be, but it doesn't have to be. With the plot size and BRW, you already get more than €200,000 just for the land. Add an appropriate little house, and €600,000 is easily reached here without too much effort; you quickly end up at €750,000 all inclusive – then the number of interested parties also starts to thin out.

In the end, everyone has to decide for themselves; I am only pointing out, for informational purposes, the contradiction in the seller's logic. Whether you can enforce that in negotiations or find something better for less than €400/m² is another matter.

Depending on the lending value and the bank's approach, the capital for the access path also completely drops out – it is only common property, not buildable, and burdened with easements/restrictions, so for the banks – rightfully so – it more or less counts for nothing, and then you are very quickly at the symbolic value of €1 as already described.

The entire financing therefore must be secured from the building plot, which means nothing else than that you have to invest approximately 66m² * €370 + €74,000/3 = about €50,000 of "dead" equity.

Not everyone has that in their petty cash.

Best regards
Dirk Grafe

Depending on the loan-to-value ratio and the bank's approach, the land for the path may be completely disregarded - it is only common property, not buildable, and burdened with easements/encumbrances, so rightly so, it is more or less completely excluded by the banks; as already described, you very quickly end up with the symbolic value of €1.

The entire financing must therefore be secured from the building plot, which means nothing other than that you have to invest approximately 66m²*€370 + €74K/3 = about €50K in "dead" equity.

I totally agree with you. That's why I pointed out that the loan-to-value ratio might break the financing. W

: Have you discussed the specific project with a bank?

Hello Rollo,

according to BORIS.nrw, the standard land value in the area of the property is €330 and thus already counts as a peak value within a radius of about 2 km. In addition to the points listed by Dirk, it should also be noted that this is a suspected contaminated site. The other notes on the development plan do not improve the attractiveness of the property either. You really need very special reasons to pay such a high price.

Ich halte davon wenig bis nichts, das macht man nur im Notfall.

Although I am also not in favor of this approach, it has increasingly become common practice in recent years not to designate the development via public traffic areas. Therefore, I do not believe that a discussion with the city will be worthwhile, since the very purpose of these provisions is to relieve the city of responsibility.