Have a site for a house that has just been refused planning permission based on the fact that they don't want a one off house in an area that has just been rezoned as development land. It is my dad's land and basically the council want an overall development plan for the land. My dad is currently in the process of getting this done but it may take a bit of time, I am currently renting and between myself and my girlfriend we are paying 866 a month for an apartment. I have spotted a nice newly renovated house and have been told that a bid of 195k would clinch the deal. My question is does it make financial sense to buy this house at the moment - we were talking about it the other day and between planning etc it may be 3 years before we would be in the house we want to build.