Hamster Posted December 27, 2013 Report Share Posted December 27, 2013 Any ideas what a rough guide would be as to the value of residential land in the South East ? I have tried google with no success. It isn't land to build on but merely small garden space that the owner cannot do anything with and is keen to sell. Many thanks, Quote Link to comment Share on other sites More sharing options...
RED BEARD Posted December 27, 2013 Report Share Posted December 27, 2013 is it to extend your garden? Quote Link to comment Share on other sites More sharing options...
fruity Posted December 27, 2013 Report Share Posted December 27, 2013 (edited) I bought 180m2 of rough ground which backed onto my garden from a local housing association around 10 mths ago They charged £12.50 m2 plus all legal fees Edited December 27, 2013 by fruity Quote Link to comment Share on other sites More sharing options...
team tractor Posted December 27, 2013 Report Share Posted December 27, 2013 (edited) Agricultural land being purchased by hs2 is £14000an acre A customer of mine is a developer and told me building land is £1,000,000 an acre which should house 20 detached houses. Edited December 27, 2013 by team tractor Quote Link to comment Share on other sites More sharing options...
Chris Bb Posted December 27, 2013 Report Share Posted December 27, 2013 A difficult question. If it's only a bit of garden that he doesn't want and you do then it's worth whatever you mutually agree. I have both bought and sold such land and have agreed values where neither side felt diddled. As above, building land is silly money. Even around here, grazing land goes for £30K+ per acre, there's too many people with horses plus it's buy now, they're not making any more! Fruity's answer sounds fairly reasonable. Quote Link to comment Share on other sites More sharing options...
scolopax Posted December 27, 2013 Report Share Posted December 27, 2013 (edited) Agricultural land being purchased by hs2 is £1400 an acre A customer of mine is a developer and told me building land is £1,000,000 an acre which should house 20 detached houses. Are you sure that is the correct value for agricultural land? I would have thought nearer ten times that amount for compulsory purchase of farmland, locally 10k / acre is the asking price on the market but often goes for much more. No money in farming obviously........... Edited December 27, 2013 by scolopax Quote Link to comment Share on other sites More sharing options...
Archie-fox Posted December 27, 2013 Report Share Posted December 27, 2013 (edited) Agricultural land being purchased by hs2 is £1400 an acre A customer of mine is a developer and told me building land is £1,000,000 an acre which should house 20 detached houses. 20 detached houses in a acre?? Are you sure? Looks like I can sell my tiny bit of land for 4 million.. Edited December 27, 2013 by archie1234 Quote Link to comment Share on other sites More sharing options...
Hamster Posted December 27, 2013 Author Report Share Posted December 27, 2013 (edited) is it to extend your garden? Yes, the end fences blew down (thanks Papa Noel), went to see the old lady whose garden is too long to zero a rimfire and which lies at 90 degree angle to mine just to ask permission for when workmen need to step on her land to fix things and just thought I'd ask the question. She literally clasped her hands together and finished my sentence for me. It would mean putting new fences on the left instead of their current position which is a nice bit of extra for me and hers would still be too long by most standards. I have not bothered measuring yet but won't be far off 20m x 20m, I don't need it but not into pulling a fast one so need to know what would be reasonable for both of us ? Edited December 27, 2013 by Hamster Quote Link to comment Share on other sites More sharing options...
team tractor Posted December 27, 2013 Report Share Posted December 27, 2013 Are you sure that is the correct value for agricultural land? I would have thought nearer ten times that amount for compulsory purchase of farmland, locally 10k / acre is the asking price on the market but often goes for much more. No money in farming obviously........... Doh 14,000 sorry Quote Link to comment Share on other sites More sharing options...
figgy Posted December 27, 2013 Report Share Posted December 27, 2013 Hamster ask her what she would like for the land and go from there, she might not want much for it as its only garden as its a burden to her. You get more for little and she gets what she wants less garden hassle. Figgy Quote Link to comment Share on other sites More sharing options...
rimfire4969 Posted December 27, 2013 Report Share Posted December 27, 2013 I would just ask her what she wants. Down here land goes for about 4k an acre for large acreage, and 10k an acre for pony/horse size field. Quote Link to comment Share on other sites More sharing options...
Harnser Posted December 27, 2013 Report Share Posted December 27, 2013 To give you some idea of the price of arable land . Very recent purchase in Norfolk of 100 acres of good arable land was just short of half a million . Harnser. Quote Link to comment Share on other sites More sharing options...
Sha Bu Le Posted December 27, 2013 Report Share Posted December 27, 2013 We have a buffer zone between back fence and the cemetery fence, not massive 8M x 7.5M but adds around 30% to my garden. Has been overgrown for decades and used to be a wildlife refuge but the council decided to clear it around 18 months ago. So clear it they did, cut down the elder 'bushes' almost 15 feet high. Shelter to (during the course of the year) around 18 species if finches, tits, woodpeckers and more. Then a councillor must have thought whoa this has cost x£ and having done it we will have to maintain it. Solution give it to the residents so we will eventually get about 60sqM totally gratis, they are even paying the legal and land registry fees. However councils being what they are it is still going through due process. The land cannot be built on and cannot be used for anything but domestic gardens, Mrs S is planning how big a veggie patch she is going to have and what to grow. I on the other hand am working out what the diagonal distance will add to my plinking and target range. Quote Link to comment Share on other sites More sharing options...
the pigeon man Posted December 27, 2013 Report Share Posted December 27, 2013 (edited) I would just ask her what she wants. Down here land goes for about 4k an acre for large acreage, and 10k an acre for pony/horse size field. 4k an acre ?? Were the hell do u live I would gladly sell my house n buy what ever is there at that price Depending what grade land it is anything 10-15k am acre Or if it has planning permission then talking 80-000 -100.000 a acre Edited December 27, 2013 by the pigeon man Quote Link to comment Share on other sites More sharing options...
al4x Posted December 27, 2013 Report Share Posted December 27, 2013 In this case a true value can depend on what it adds to your property. I bought a third of an acre for 50k in my last house, sounds obscene but it was a large house in a village with a tiny garden this added 100k plus to the value. You might get lucky and find she is happy with a few grand but you may not Quote Link to comment Share on other sites More sharing options...
Hamster Posted December 27, 2013 Author Report Share Posted December 27, 2013 Hamster ask her what she would like for the land and go from there, she might not want much for it as its only garden as its a burden to her. You get more for little and she gets what she wants less garden hassle. Figgy We plan to go over tomorrow night to have a chat, her husband died 10 years ago and she said she was no longer up to tending the plot size, the bit in question is quite bitsy as they are self sufficient veg wise. There are one or two old glass houses which she said she'd have removed. Sha Bu Le, the plinking angle had occurred. Thank you everyone so far. Quote Link to comment Share on other sites More sharing options...
rimfire4969 Posted December 27, 2013 Report Share Posted December 27, 2013 4k an acre ?? Were the hell do u live I would gladly sell my house n buy what ever is there at that price Depending what grade land it is anything 10-15k am acre Average price for land across the country in 2013 is £7440.00 per acre. The link here is for 75 acres for 40k. Time for you to sell up and move!!! http://www.rightmove.co.uk/property-for-sale/property-23171118.html Quote Link to comment Share on other sites More sharing options...
mark@mbb Posted December 27, 2013 Report Share Posted December 27, 2013 The price of land in Cheshire at the last auction was a tad over £12,000 an acre and still going up because if any one hasn't noticed they aint making any more Quote Link to comment Share on other sites More sharing options...
figgy Posted December 27, 2013 Report Share Posted December 27, 2013 Taking the average price per acre your potential little bit of garden is approx £741.00,bargain. Figgy Quote Link to comment Share on other sites More sharing options...
RED BEARD Posted December 27, 2013 Report Share Posted December 27, 2013 We plan to go over tomorrow night to have a chat, her husband died 10 years ago and she said she was no longer up to tending the plot size, the bit in question is quite bitsy as they are self sufficient veg wise. There are one or two old glass houses which she said she'd have removed. Sha Bu Le, the plinking angle had occurred. Thank you everyone so far. well just see what she says,you must have a clue how much money the bigger garden will add to your house.if its a bargain agree,and tell her you'll get rid of the greenhouses.that way you've got a bargain and you've done a good deed Quote Link to comment Share on other sites More sharing options...
Catamong Posted December 27, 2013 Report Share Posted December 27, 2013 Be prepared for some hitherto unknown "Jonny come lately" relative or "friend" stepping in right at the last minute and wanting to double or treble the fair price you had already agreed with the Old Girl. You will both need legal advice to ensure that the ownership of the land is properly transferred, it would be as well to agree the price in writing with her before you incur legal expenses. Good luck, I hope it comes off. Cat. Quote Link to comment Share on other sites More sharing options...
Hamster Posted December 27, 2013 Author Report Share Posted December 27, 2013 Her son was there visiting as it happens, must have been in his late 60's at least, and he seemed quite at ease with the whole thing. Good idea getting the figure agreed in writing before legal instructions but I guess there is nothing you can really do if you hit snags. She seemed keen enough which makes me think she could do with less hassle and a bit of money comes in handy for something. Quote Link to comment Share on other sites More sharing options...
shoot and be safe Posted December 27, 2013 Report Share Posted December 27, 2013 We have a buffer zone between back fence and the cemetery fence, not massive 8M x 7.5M but adds around 30% to my garden. Has been overgrown for decades and used to be a wildlife refuge but the council decided to clear it around 18 months ago. So clear it they did, cut down the elder 'bushes' almost 15 feet high. Shelter to (during the course of the year) around 18 species if finches, tits, woodpeckers and more. Then a councillor must have thought whoa this has cost x£ and having done it we will have to maintain it. Solution give it to the residents so we will eventually get about 60sqM totally gratis, they are even paying the legal and land registry fees. However councils being what they are it is still going through due process. The land cannot be built on and cannot be used for anything but domestic gardens, Mrs S is planning how big a veggie patch she is going to have and what to grow. I on the other hand am working out what the diagonal distance will add to my plinking and target range. Sounds like an increase in council tax band to me Quote Link to comment Share on other sites More sharing options...
fortune Posted December 27, 2013 Report Share Posted December 27, 2013 This last year a friend bought about 5 acres of rough field which had been cleared of trees / scrub a couple of years previous for around 13k an acre. It would have been a lot less but a neighbour had an agent there to buy it to stop the ****** buying it. Both of them were bidding it up against each other unknowingly. I think that sillyness cost my friend about 18k. Quote Link to comment Share on other sites More sharing options...
moose man Posted December 27, 2013 Report Share Posted December 27, 2013 Its not agricultural land it is classed as amenity land ,although its not big enough to build on it will increase the value of your property significantly , I paid £13000 for half an acre of what was agricultural land to increase my garden (you need planning for the change of use)10 years ago .And ten years on it was the best £13k I ever spent .good luck with it Quote Link to comment Share on other sites More sharing options...
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