Stephen Rand, Chairman of the Derwent Green Residents' Group, revealed that land sales in his community in West Bicester have led to buyers losing over £300,000, with some even going bankrupt. He claims that parcels of land, initially bought cheaply, are now being sold as potential 'building plots' at inflated prices, without the necessary planning permissions.
We know of four buyers who have paid around £70,000 for a plot, failed to get planning permission, and then their company has gone bust. So it's the four buyers combined that have lost £300,000.
[An estate agent] in Bicester is currently marketing a plot that the seller bought for £10,000, produced plans and drawings for a house on the plot, and is now asking for £100,000. Another seller is marketing a plot himself on Facebook Marketplace as if he is selling the house shown in the drawing.
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