SOLD: Roger Wood sells part of Thorpe Island for £200k to end long-running legal battle
- Credit: Archant Norfolk
In these days of soaring house prices, you would be lucky to get a two-up, two-down terrace for £200,000.
But one mystery buyer has got some serious value for money after spending that sum - on an island.
Seven-and-a-half acres of land on Thorpe Island - located on a beautiful stretch of the River Yare near Norwich - was recently valued at around £2m but has been sold for just 10pc of that price.
Former owner, Roger Wood, said he had no choice but to sell it on Friday.
The 74-year-old said Jenner's Basin, on Thorpe Island, had been valued at close to £2m last summer.
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But he said a decade-long legal battle with the Broads Authority over the site had left him owing thousands of pounds.
Mr Wood, a former tugboat captain, has always argued that he could legally moor boats in the basin.
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But the case has been before two planning inspectors and a high court judge, who have all deemed the development unlawful.
Now, with no money left, and £13,200 owed to the authority in court fees, the former tugboat captain said he had no choice but to sell.
'I have different emotions about the whole thing,' he said. 'But I am pleased the pressure is off, because at one point I had to remortgage my house while trying to fight the Broads Authority.'
Mr Wood said the new owners of the island were the original complainants who objected to his development. He claimed the remaining boat owners moored in Jenner's Basin were told by the owners they had 30 days to leave.
A spokesperson for the Broads Authority said: 'While we understand Mr Wood is selling the site this is his entirely his decision and the Broads Authority is not involved.
'The reason Mr Wood lost the various court cases was because he failed to obtain planning permission for the development he undertook.
'He owes the Broads Authority £13,200 in costs awarded by the courts, which the authority is seeking to recover.'
Mr Wood said he bought Jenner's Basin for £460,000 in 2007 with an aim to make money from berthing fees.
He argued he had historic consent to rent out moorings, as the site's previous owner had permission for a marina.