Value of land ?!

[mark@mbb]

You only need planning, if you use it for something if you just leave it to grass there is no change of use tell them you are going to get a goat if there,s a problem

[moose man]

You only need planning, if you use it for something if you just leave it to grass there is no change of use tell them you are going to get a goat if there,s a problem

 

 

You only need planning, if you use it for something if you just leave it to grass there is no change of use tell them you are going to get a goat if there,s a problem

That doesn't work down here mark ,its changed from agriculture to garden , still grass though .

[Catweazle]

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

I was intrigued, but that land is useless.

 

If I was the OP I would make sure the owners son attends any discussions on price and is there as a signatory and witness when a deal is signed, that way you avoid having relatives claim that you took advantage of an old lady later on.

[Dirty Harry]

As people have said it depends on what the land is to be used for.

A family member is in the process of selling 0.05 acres of farmland to make someone's garden a bit bigger and charging £6k and they pay fees and fencing. It will add a lot more than £6k to the value of their house.

We are buying 3 acres of pasture for just over double that.

[four-wheel-drive]

From what I have seen of it most people today find having a big garden to much like hard work so it probably will not affect the price of her house if as you say she will still have a reasonable size garden. As for the price I would think you should make an offer that you think it is worth then ask her to talk it over with her children in that way you should not get problems later if people say that you took advantage of her as she is old.

 

As for the price well it is worth what it is worth to you also its not like she can sell it to anyone apart from you can she.

Edited December 29, 2013 by four-wheel-drive

[mark@mbb]

I did it 10 years ago i bought the fields at the back and front of my house and just left them as grass and the kids then rode quads over them and had fun our nearest neighbour was 2 miles away though so we had no complaints

[four-wheel-drive]

I did it 10 years ago i bought the fields at the back and front of my house and just left them as grass and the kids then rode quads over them and had fun our nearest neighbour was 2 miles away though so we had no complaints

Where the heck do you live on this island of ours to not have neighbours for two miles in wiltshire I find it hard to find a spot to walk the dog that I cannot see half a dozen bloody houses

[Dekers]

Commercial land is by far the most expensive, followed by residential land and then agricultural.

 

Simple fact is land is worth as much or as little as you can get for it, and that will be down to individuals and geography.

 

Round my part of the world agricultural goes for £10,000 +++++++++++ per acre!

 

A piece of fully landlocked horse grazing land of 1.25 acres, with NO electric, gas or water supply, and access only via another landowner land sold recently at auction for £54,000.

Edited December 29, 2013 by Dekers

[Dekers]

Where the heck do you live on this island of ours to not have neighbours for two miles in wiltshire I find it hard to find a spot to walk the dog that I cannot see half a dozen bloody houses

 

Try looking south of the M4 or North of Swindon.

[Muddy Funker]

Interesting thread,

 

So is there a secret to owning the dream so many have of a nice stone cottage sitting on a good few acres of land? Aside from being minted, or living in the middle of nowhere?

 

Cob houses, would that method be a way of getting planning permission on land that you would normally not be allowed to build on?

[Catweazle]

Interesting thread,

 

So is there a secret to owning the dream so many have of a nice stone cottage sitting on a good few acres of land? Aside from being minted, or living in the middle of nowhere?

 

Cob houses, would that method be a way of getting planning permission on land that you would normally not be allowed to build on?

Planning permission is essential, Pembrokeshire council have won their case to demolish this unique house http://www.bbc.co.uk/news/uk-wales-south-west-wales-21942172 , despite it being just a short distance from a windfarm and "in the middle of nowhere".

[RED BEARD]

Interesting thread,

 

So is there a secret to owning the dream so many have of a nice stone cottage sitting on a good few acres of land? Aside from being minted, or living in the middle of nowhere?

 

Cob houses, would that method be a way of getting planning permission on land that you would normally not be allowed to build on?

isn't there something about having your mail delivered to an address for over two years which gives instant planning for a dwelling? or the other way is to have cows calving etc.

[Muddy Funker]

Planning permission is essential, Pembrokeshire council have won their case to demolish this unique house http://www.bbc.co.uk/news/uk-wales-south-west-wales-21942172 , despite it being just a short distance from a windfarm and "in the middle of nowhere".

 

That's for the reply, this was the king of idea we had in some years to come but it looks like there's no way of doing it without it costing silly money to buy the land that has planning.

 

isn't there something about having your mail delivered to an address for over two years which gives instant planning for a dwelling? or the other way is to have cows calving etc.

 

Thanks again, not heard about this one but will look into it.

 

I'm sure that there's so many people all trying different tricks to get land cheaply then build a small house in keeping with the land around it.

 

Ironic that near me in Southwater W Susssex there seems to be no issue in hundreds of homes being built over beautiful countryside.

 

Money talks I guess?

Edited January 1, 2014 by Muddy Funker

[mark@mbb]

The prices off houses and land have gone crazy in the last ten years I bought a farmhouse

With 20 acres in the eighties for under 100k

In Cheshire it's the government which cause

The property booms and we all suffer especially

The younger one trying to get on the ladder

[Fisherman Mike]

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.

The value is completely related to the intended use... if there is no possibility of gaining planning permission to develop or extend your property or build a new one then it wouldn't be valued as development land but moreover utility land.

 

The value then is essentially what you are prepared to pay for it, presumably you have a limit and a value of what you consider it worth to you.

 

I would be tempted to make an offer pitched 15 or 20% below your maximum and gauge her reaction from that.

 

Or you could suggest an independent non obligatory valuation, but don't use a Residential Estate Agent... They don't have a clue when it comes to land values, come to that they don't have a clue when it comes to property values either,... best to approach the RICS website and find a registered land valuer in your area.

 

And don't forget to factor in Solicitors fees for the conveyance and the land registry fee...this could run to 7.5 or 10% possibly more subject to a minimum value and they may want to protect her interests and those of any future purchasers of her property by insisting on restrictive covenants to prevent future development, i.e. your purchasing a potential building plot for a knock down price.. You may not wish to consider such at the moment but with respect, peoples circumstances change especially when they realise they may be sat on a building plot worth £150 K.!

 

Good luck

Edited January 1, 2014 by Fisherman Mike

[Fisherman Mike]

The prices off houses and land have gone crazy in the last ten years I bought a farmhouse

With 20 acres in the eighties for under 100k

In Cheshire it's the government which cause

The property booms and we all suffer especially

The younger one trying to get on the ladder

With respect its not... its actually peoples greed fuelled by unrealistic valuations by ignorant and unqualified Estate Agents.

[four-wheel-drive]

With respect its not... its actually peoples greed fuelled by unrealistic valuations by ignorant and unqualified Estate Agents.

For what it is worth I think the price of houses and land is plain stupid I would stop people buying more than two houses and buying up land for investment to be used only at some time in the future when that price has gone up and they can make a fortune.

 

all of this buy to rent has helped to push the price of homes this is the thing that gets me they are homes houses flats places where people need to live in not bloody investments for well off people but then what is the point all that most people seem to care about is making money and who gets heart because they cannot afford to pay stupid rents that is just hard luck look at all the money that we have got.

[figgy]

I don't see a problem the rich have always owned more houses and land as investments. That's how there rich comrade.

 

Figgy

[RED BEARD]

For what it is worth I think the price of houses and land is plain stupid I would stop people buying more than two houses and buying up land for investment to be used only at some time in the future when that price has gone up and they can make a fortune.

 

all of this buy to rent has helped to push the price of homes this is the thing that gets me they are homes houses flats places where people need to live in not bloody investments for well off people but then what is the point all that most people seem to care about is making money and who gets heart because they cannot afford to pay stupid rents that is just hard luck look at all the money that we have got.

its called good business,its only the same as a shop keeper going down the wholesalers buying summer stuff cheap in the winter,then selling it at a good price in the summer! its the same with property and land.buy when its cheap-sell when its expensive (and get good rent for it inbetween,if possible).

[four-wheel-drive]

its called good business,its only the same as a shop keeper going down the wholesalers buying summer stuff cheap in the winter,then selling it at a good price in the summer! its the same with property and land.buy when its cheap-sell when its expensive (and get good rent for it inbetween,if possible).

That would be ok if it was a car or a tv or something like that but we all need to have a roof over our heads but hay as long as people like you are sitting sitting on the land filling your pockets that is ok.

 

I can remember a time when a working man could buy a home for his family on his wages now that people like you have screwed everything up it needs two wages coming in to stand a chance of buying a tiny starter home and that cannot be rite

Edited January 1, 2014 by four-wheel-drive

[RED BEARD]

That would be ok if it was a car or a tv or something like that but we all need to have a roof over our heads but hay as long as people like you are sitting sitting on the land filling your pockets that is ok.

 

I can remember a time when a working man could buy a home for his family on his wages now that people like you have screwed everything up it needs two wages coming in to stand a chance of buying a tiny starter home and that cannot be rite

sorry everybody,as four-wheel-drive has pointed out.........................................its all my fault!

[shoot and be safe]

sorry everybody,as four-wheel-drive has pointed out.........................................its all my fault!

Shame on you sir

 

If you can afford it, buy it. If you can't, don't

[silver pigeon69]

The value is completely related to the intended use... if there is no possibility of gaining planning permission to develop or extend your property or build a new one then it wouldn't be valued as development land but moreover utility land.

 

The value then is essentially what you are prepared to pay for it, presumably you have a limit and a value of what you consider it worth to you.

 

I would be tempted to make an offer pitched 15 or 20% below your maximum and gauge her reaction from that.

 

Or you could suggest an independent non obligatory valuation, but don't use a Residential Estate Agent... They don't have a clue when it comes to land values, come to that they don't have a clue when it comes to property values either,... best to approach the RICS website and find a registered land valuer in your area.

 

And don't forget to factor in Solicitors fees for the conveyance and the land registry fee...this could run to 7.5 or 10% possibly more subject to a minimum value and they may want to protect her interests and those of any future purchasers of her property by insisting on restrictive covenants to prevent future development, i.e. your purchasing a potential building plot for a knock down price.. You may not wish to consider such at the moment but with respect, peoples circumstances change especially when they realise they may be sat on a building plot worth £150 K.!

 

Good luck

 

A lot of land (without planning) is now being sold with covenants or restrictions that state that if developement does occur within a set period (10-25yrs) then a percentage of the value/profit of that developement (25% ++) must be paid to the orriginal seller!! so its even more difficult to find a nice plot of land and build your dream house.

[Catweazle]

There's a reason why restrictive planning regulations are keeping house prices high, the banks have lent huge amounts as mortgages and count the houses as assets. If house prices crash, or should we say "become realistic", then thousands of people will throw the keys back at the banks who will then be left holding houses worth a fraction of what they have claimed they are. The banks will become insolvent overnight, and we can't allow that can we.

[mememe]

There's a reason why restrictive planning regulations are keeping house prices high, the banks have lent huge amounts as mortgages and count the houses as assets. If house prices crash, or should we say "become realistic", then thousands of people will throw the keys back at the banks who will then be left holding houses worth a fraction of what they have claimed they are. The banks will become insolvent overnight, and we can't allow that can we.

Developers who build thousands of new homes have ZERO issues getting planning - they can afford to pay off the councillors on the planning committee… or give overpaid work to the architects and land agents among them. The only people who can't get planning are private individuals - those wanting to build a nice detached house in a nice semi rural spot they bought for a few k. They won't get permission because then we'd all just buy an acre and get builders to fire up a nice detached house cheaply. This would have disastrous consequences. Not owing a huge sum to mortgage lender, you will probably retire earlier, and wouldn't accept rubbish pay and conditions. Who wants that? Your home would also seriously devalue the (artificially high) value of nice homes owned by the very demographic who refuse permission. Planning policy is more concerned about preserving the value of expensive detached homes in good sized plots/land, not the ones most mortgages are lent for that the working classes live in... AND they do it to keep the working classes bound by the property trap to work harder for less pay. Besides, those banks are the same ones lending money to developers so its all swings and roundabouts to them - the working class majority are the losers every time.

Edited January 2, 2014 by mememe