I don't think that the £2.8m would be too far away from a realistic value. The rule of thumb for propoerty development is that the sale value of the completed development should be around 1/3 land, 1/3 development cost, 1/3 profit.

If there are around 100 houses with an average value of £85k to £90k (IMO realistic) then £2.8m for the land is there or therabouts.

but what if luxury flats were built could you double the profit

The planning permission is for about 100 houses, not luxury flats.

And let's face it, how many owners of "luxury" flats would choose to have the panoramic views over Agbrigg???

Vasty, forgive me if I'm wrong here, but you were lording it over us plebs for daring to work out what going on only a few days ago, and now you've set yourself up as fecking Columbo!!!!
Parity if you please!!!!

When did I lord it over anyone, clearly the likes of me have POSSIBLY been duped more than most. I understand the fury and anger but I also understand it gets you know where whilst reason and diplomacy does. As for you being a pleb you said it not me I can't help the giant bag of Cheese and Onion you carry on your shoulder.

I'm not peddling it as fact or suggesting the formation of a lynch mob am I

I can't believe that people are still trying to elevate Ted & Co to Saintly proportions.
As I see it Ted tried to make a "few bob" by getting hold of Belle Vue, for future development, he probably expected land values to rise the way that most property developers have land banks.
He has resisted all other investors because he wanted the whole of the sale of Belle Vue to himself.
BUT Ted didn't foresee the recession coming, and maybe his current IVA has more to do with his failure to pay interest on the loans against Belle Vue, than his Sainsburys problems.
If the deal was to safeguard OUR ground then don't you all think that Ted Would have shouted it from the roof tops.
Ted and Co have repeatedly treated us with what can only be described as pure contempt.
GO NOW !!!

I can't believe people are so slow and blind as to think they are - who are these people - not me love.

However there are two sides to any story and that includes yours - unless your so special.

Sorry that speculation that isn't 100% the same as yours and involves burning the Richardsons on a cross insults you so much but that's life in a democracy - live with it.

Finally and I intend to ask this every time I see it it - who are these investors - name them, be the first.

god, your on one today!!
dont think it would be wise to name the investors on here.

Who could name them, we all have ideas who they may be but just who could be 100% sure, whoever they are i'm 100% sure they are watching these boards and taking notes.

Unless they are Wakey fans i doubt they'll be over happy with some views posted on here, just imagine reading this from the outside looking in.

Thank you Vastman I think that One notable name who tried to invest was Steve Feris himself an injection of cash at that time could have helped us to kick on, after a good season. But Ted wanted it all for himself, its called GREED !! One of the Seven deadly sins, a lot of folk suffer from it.

quite agree to be honest, sort of decided a week ago to keep out of any mud slinging, some of the stuff chucked at TRB is particulaly unfair, we all me included fed off his info and enjoyed it, we wernt complaining then , so we have no right to now.

well you should of fed off my info.

I'm glad to see that posted, one or two have forgotten that and have done a town hall clock on him.

I'll sit back with you and let it unfold, my tin hats full of holes anyway

No lottery win last night rules me out.

I'm on about the so called investors who we have turned away since Ted took charge not the currant ones that indeed would be unwise.