Whatever you think the project will cost, it will cost more and however long you expect it take, it will take longer. Whatever you think is easy to achieve will not be as straightforward as you first thought. Apart from these minor issues it will be a breeze. Enjoy the ride !

"Quite a quiet spot" - next to a train line....

It looks like there's a fairly substantial level difference between your plot and your neighbour on the right (looking in from the street). For a 2 storey house, I think the founds / retaining wall requirements would end up being pretty significant and 'unusual' groundworks are usually slower and more costly than anticipated. Speaking as an architect, I'd personally try and get planning for a house of some sort and punt it on, the costs on this one could increase rapidly and unexpectedly but good luck either way.

I admire your entrepreneurial spirit, Matt. This is something that would send me running in the opposite direction! The very best of luck to you.

I'd submit plans for a coach house. That way you could bring the property closer to the road (approx 4m driveway), you'd get a private garden at the back away from traffic, safer for a family with small kids and two single garages below the 2-3 bed property. As living space would be on the first floor, you'd also be able to make the most of the views.

Just be aware of any time you have to deal with Network Rail re the boundary to the railway side. They honestly work in another galaxy where time itself doesn’t exist. Apart from that it looks like an interesting project. Building cost will be approximately £1600 - £2300 per square metre.

The cottage is the best idea , and the best income ..

I almost bought a piece of land thirty odd years ago that would have fitted six to eight garages on in the middle of terraced housing. Always kicked myself for not going ahead.

Knock the garages down and put a wooden chalet up, hot tub round the back etc and rent it as a luxury holiday let.

Little advice, when you have that amount of greenery, get a grab lorry not a skip, it's much cheaper, also building a house in that location with the tree's getting planning could be fun, ontop of that if planning is approved you're looking at 2.5m deep by 450mm footings

Like others have said the levels between properties will add to build costs even if you used a raft foundation, fair play for having a go

Another great video, Matt, loving the content, as ever. If I can make some suggestions; 1. speak to a local planning consultant, they should be able to give you a fair idea of what the council will say but will likely require plans first. 2. Get surveys/ searches done, ie ground conditions, utilities, soil sample etc. most risk is in the ground. 3.Pay for a quantity surveyor to help with drafting the contract with the builder and also help you tender for the building work if/when you get there. Yes these are extra costs but they help make sure that overall project costs don’t run away with you.

You are just an amazing man. I love your honesty and the way you present yourself. 👌

Good luck my friend, Keep us posted.

Matt ....even the existing concrete sectional buildings can be sold. Somebody will want them and even be prepared to dismantle and move themselves. It all helps with the cash flow ! Good luck Pal.

Parking for station/canal ? Pocket money on plot whilst retaining options. Out line planning permission for house/shop/unit and sell plot,minimal investment quicker return,move money into another project would be my choice. Build house,not enough profit after unexpected costs and fees ?to just sell Keep house and rent it out. Good luck Matt. Build shop on ground floor and flat above

Good potential Matt, something I’ve done is to flip the site through auction once you have the planning permission, you’ll be surprised how often self builders over pay, I recently did this on a burnt out unit I bought for £49k and it sold for £96k, pretty close to the potential profit of doing the development. Look forward to seeing some of your projects completed soon, good luck and keep the videos coming.

You can use a container and make it into an office and kitchen space

Don't build a stone cottage Matt. Find a company in eastern Europe that builds timber framed or modular factory built homes and is willing to ship and build in the UK, here in Bulgaria I can think of at least two. The build cost here is about £600m2 to turnkey, but will probably creep up to £1000 by the time it gets done in UK. I know of Bulgarian people in the UK and also Germany and France that ordered their houses that way, and saved massive amounts, of course brexit makes it the whole exercise much more complicated. The houses are bespoke, so can be built to UK building regs, but far exceed the current insulation required in the UK.

Hi Matt, hope you are well. I think £80k is on the low side. People pay that for an extention on an existing dwelling theses days. More like £150k to build a new build... Hope you can prove me wrong. Good luck.

A small flat roof balcony at the back would be nice for private time

Looking forward to seeing how all this pans out and where it goes, excellent stuff 👍

Oh dear... good luck!

Ohhh , this will be interesting

Happy new year here’s to more vids like this

The great thing about garages is not just the rental income but the investment size. You can for example sell one later and get a nice lot of cash but not a huge amount.

Hi Matt, if it was me, I would get planning passed and sell it on to a builder. Quicker return and less hassle.

Just make sure you don't knock the garage down before planning is approved!! You get credit for replacing an existing structure

you need to consider impact on the amenity of the neighbouring dwelling - ensure your design causes no overlooking, no overbearing and no marked loss of light. Check with local structural engineers for foundation designs adjacent to a railway - as well as check the needs of access and egress of vehicles. I might be the Local Authority Highways require you to access and egress in a forward motion for safety to you and other road/path users. This will take up space by needing to provide an area for turning. You may argue with them that the site access is existing and there are no turning provisions on site, private use of the site would be less than a commercial use and as such, no need to provide turning facilities.

Sites like that on the main line into Stockport/Manchester are great places for train commuting. Furness Vale is a nice place to live.

Quiet spot next to a rail crossing 😂

I'd be working on £1500psm for an average build, stonework could push that up slightly, and a contingency of 20%. Bit cheaper if you project manage and get separate trades in.

Good purchase - well done and thank you for vlogging it all 👍👍

You'll have to do something on the right side of the property where the land falls away, good luck mate you could build a really nice place on there.

Just a thought but if the planning officers are reticent then perhaps a building in the style mirroring the old rail building next to it would improve the chances + add some more character and uniqueness. As always, commending your ventures and look forward to seeing whatever you do with it!!

Matt your beginning to sound like a estate agent rural quiet spot what next to railway line Crossing / junction box and electrical sub units id be running a mile

Me too, a Man of My word.

Great video Matt, if the garage has to come down, i would definitely recommend advertising it for sale as some one will buy it and get them to dismantle it and take it away , its a win win no demolition or skip costs and a couple of quid in your back pocket.

I think building a 2 bedroom cottage would be ideal for a space there that money will be able to get u some brand new cars and buying cheap cars for the high peak autos channel that's a not bad idea there mate

❤ your channels thank you 🙏

Great purchase. Build a cottage definitely. Look forward to the build. 👍👍👍😊

Good luck matt you will get this project sorted you clever man 😊

Just love the honesty in these videos….. and the inexperience on display. Something very charming and lovely about the optimism being thrown at a slightly undesirable turn of events. I believe you will succeed. Happy New Year.

This would suit a self-builder on a budget. I'd get the outline planning, clear the site completely, and then sell it. The profit margin sounds tiny relative to the time and energy spent to get it if you do the whole thing to completion. There's a lot to be said for a quick in and out which doesn't take too much time and energy to get it.

Good man Matt .... Always forward thinking......Best of luck with all your endeavours....you keep making the videos. .And I ll enjoy watching them....Thumbs up emogi.......

Good luck with the project. I am sure somebody has said this to you before but you have a very good voice and tone for things like this. It’s very engaging and friendly, and also not big headed how many people on KZfaq sound. It’s refreshing.

Oakwood garden rooms is a great shout

Matt I live down near Exeter and you wouldn't believe the amount of industrial units being built and no wonder a small 2 storey one gets £1300 or month !

As mentioned, sell on with P.P. take a good profit and move on with no stress. Remember estimates on potential costs need to be doubled. :-(

Extend the roof so that it could fit a ramp in there and rent it out as a mechanics garage? You’ve got the 2/3 car parking outside which will be attractive for the potential mechanic

Hi Matt I am a Architectural Designer and looking at your site from your video I would recommend getting structural Engineer to look at the site due to the level difference to the garage next door.

80K total to build new house!! Best of luck with that one Matt 🤭🤭 Might wanna revise your build costs budd?.........................................

🏡🏡🏡🏡🏡🏡🏡 Good luck Matt. Diversity can reveal Opportunity's.

The open day stuff is a load of Estate Agent bollocks. They would have probably taken 40. It sounds like the margin is too small to build, just get planning and flip

Dear Sir !! ............Well Done ...........Look forward To See what happens !! AnyWay ......GodBless & Happy New Year

Get planning then put it back on the market with the added value.

Wishing you all the very best. Looking forward to seeing how you get on.

No holding you back Matt . All the best for this project wish you the best Les

Matt, I’ve got to say your vids are like ASMR, love the car vids but this adds an extra side and I like it, keep it up mate

This should be interesting! I look forward to seeing how it develops.

Some things to note for you, my parents are small property developers and I've lived in all of their projects from their run down state to the finished product and in-between. Building a house is very costly, land in the UK is often very expensive now you may have got very fortunate and found land at an affordable price, however two things, there's a ceiling price for that area and a reason for the sale, it's probably failed previous attempts for planning permission hence the what's seemingly lower cost, not a bad size plot, now secondly is ceiling price, as you mentioned a house can have walls of gold and it's own water park, it won't matter because nobody will pay what you want for it if it's in an undesirable area. You also did not mention access to water, or gas, if there is neither then the installation costs will likely be high and lengthy, it's also not connected to the sewage system which is a further cost and it's on a hill, foundations for a house on that land could be costly too, furthermore the local area has a surprisingly large say in what you can do with your land, so hope and pray the people making the decision aren't old and decrepit, that's often a bad sign for change. You didn't mention the time this had been on the market either to my knowledge, if it had been longer than 6 months I'd have suggested a much lower offer or to pass as that probably tells you something, you also have privacy requirements and some of the property beside you could impact how your house is designed and built, and where specifically on the land, to be honest with you I think you've bought a poor plot of land, for your use case it seems great but the location for a house seems more dependent on the buyer reducing the market and a costly development to flip, my parents often bought houses that needed a lot of work and the two of them combined had all the skills and trades to complete all the work themselves, and the day an electrician or gas engineer steps through any door you may manage to get on the land, you will be handing over a lot more money than you want and should, it looks like you have an open mind and have understood much if this and looked into it but anything property related is never as simple as it appears, there's always a hidden cost no matter the planning, I'd also keep the finish appropriate to the area, view which houses are selling and their level of finish, putting a 25k kitchen in a house in that land is just a way of throwing money away, keep it relative to the market for that area and the price, I'd suggest using right move and looked at properties that previously sold in that area, speak to the locals about the area, just dig up bits of information if you haven't already and good luck.

Hi from Italy. I admire your mental strenght. Happy new year

Hey, what fun! Potentially, a great project and good luck with it!

good luck,,,,,, brian d.

Well done Matt. Ignore the comments suggesting you've made a mistake. I can only say as someone who's been in the property industry for 40 years, you got a good deal and I'm envious! You will be able to make your £50k profit by just selling the plot on after getting planning. Don't worry about the building work -you won't make any more that way.

Looks like a good plot for a small coach house. Double garage on the ground floor, and a 1 or 2 story house on top.

I wonder if you could make a couple of apartments for renting. Might give a better rental return. Could go down well with the town planers as low cost housing.

Would love an update

The only negative I can see with the cottage is if the railway alongside carries freight traffic as well as passenger this may restrict your market. Personally, I would love it but not everybody is like me.

This is what I want to get into I been sat on the machines for donkey's watching houses go up

Sunny F ness vale hope you like trains and traffic due to level crossing, think this site used to be a small haulage yard in the 1980s when we lived there. Good luck with the planning😀😀😀

Should be an interesting watch. I know the area, would just consider retaining walls due to the level changes. Hopefully the neighbouring railway won’t cause a problem. Good luck should be an interesting journey.

Matt, I love the way you are thinking. That's the way! I am an entrepreneur myself. I can see myself in your thinking. Bravo! Kisses and happy new year from Moscow.

Love the B-roll in this video Matt.

Enjoying your new property channel Matt!hope you keep going with the videos👍

Hey Matt, love the new channel. Been watching your car channel since the beginning, and it’s cool to see you branching out into property. Keep up the good work!

Congrats Matt. I take my hat of to you. No one knows for certain how any project will turn out, but you have to be in it to win it and it's a thought about, calculated risk. Nice one👍

Would love to see a build series on this if it goes ahead!

hey matt, any updates on the property vids plz

I guess you are in the park…probably a good thing you have this channel as I’ve known the parks take 8 years deliberating before…passing from one officer to the next as they move on and drop cases. At least you’ll be able to link them to this well followed update to get them moving! Good luck with planning… oh always ask for more than you want then when you scale it back you get what you want rather than something that’s way too small.

given your job and the videos you do of "ive brought" , i would tidy the lot up and store as many of those cars that will fit on the land and have it as a mini sales or like an auction or something strictly for those cars only. cars £1500 & under type sales

Nice. Get planning and sell plot for self build. Maximum profit minimum effort

Love it. Ballsy move, i'd be way too scared to take on something like this, so please keep us updated on how it's going

Really enjoying this content, please keep us up to date.

This should be a very interesting one, looking forward to seeing how this progresses regardless of which of the options you end up going with. Good luck with whichever route you take.

Wow you just keep impressing me matey. Great find and amazing entrepreneurism.

know that spot well, pass it most mornings

Try to get planning and maybe resell with planning in place is an alternative.

There's a lot of value in what people are tired of dealing with. Good to see you can still pick up some pieces, do some work, take a risk and make a profit for your trouble.

Next to a train track ? good luck with pp .... they will instantly have a problem with vibration , light ( privacy ) and noise . Before wasting anyones time pop along and have a chat with the council and see what they would allow . They will already have something in mind for the site that you have no idea about plus can tell you if any other planning apps have been put forward and rejected . You can build a house for 60-75 depending . Lends itself to a nice bigger unit perhaps with offices above ? PP would be much less of an issue

Hi Matt good video You may be better off getting outline planning for a dwelling and move it on This would keep architects fees to a minimum and leave garages in place Cost could start to increase with ground works also being near the railway you could end up sinking 30 to 50% of build costs in the ground Go carefully

holiday digs aswell

One word of advice, especially since covid - contingency. Good luck, Matt 👍

That ground falling away to the right could cause problems , it will probably need piling before you could put down any footings,expensive!

Blimey you can turn your hand to anything.....well done you

Best of luck mate!

Perfect plot Matt, great idea, remove the garages and concrete slab, don’t forget to allow for the statutory services, retaining perimeter wall/ fencing. Option 2 get planning permission for a beautiful cottage and then sell the plot with planning permission, you should make money without the hassle of the construction. Good luck.

I really do wish you good luck, I walk past there often with the dog down from Chinley and Peak Planning are a nightmare, they are known for being very very difficult. I had my own nightmare with them just over garage planning permission and that was using a local architect that knows them. but nothing compared to my neighbour who has done something similar to what you have described it has taken him over 5 years of constant meetings and many many many revisions of plans to finally get planning permission that he is now building. If you speak to any local builders I am sure they will tell you how difficult they can be.

Good luck and just ignore those who try to put you down.

Good luck!