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Price Of Land
Whilst relatively cheap land might be acquired without planning permission in place, once consent is gained, land values can be considerably higher depending on the proposed use/development.
Countless land investors have been drawn by the lavish claims made by some land speculators as to perceived land values. These agents sell off land plots that may not necessarily reflect the value of land acquired and which, may or may not get planning consent in the future.
Some of these land plots are far from being cheap and are often way above the true price of the land valuation - Buyer Beware. That said, there are nevertheless a number of reputable property land agents and land brokers out there offering building land plots that realistically reflect the price of land in particular locations.
The Value And Price Of Land Depending On Land Use
The value of land is also determined by the proposed use or type of land property development planned.
For instance, the land might be for a single detached property, which after calculating the build costs and the virgin land price or cost, will need to reflect the ceiling value of similar nearby properties. Unexpected additional expenses such as land clearing or land remediation may well exceed this ceiling.
Other considerations which can affect the real cost of land plots acquired is the topography. If the land is sloping or not fairly level, infilling it can be quite costly and this will be reflected in the true land value or, the gross land price cost.
Issues of whether the land or property is contaminated by toxins or certain types of pest weed can also prove very costly to clean up. Further more, too remote and there is the added expense for the provision of sewage and other utilities. Unlike the land property investor, for a self-builder, the cost implication might well take a back seat to the prospect of building a dream home in their sought after location, irrespective of the gross Uk land price.
As you can see land property value and the Uk price of land is a complex issue, which can only be determined having given careful consideration to a number of factors that affect the value both in terms of financial worth and the value that is placed on the land by the person acquiring it.
So in essence, keep in mind that land prices or, the true value of land is what you are prepared to pay for it, irrespective of cost! You can read Part One of this Land Article
If you are looking to acquire land plots, whether as a land investor or as a self-builder, Contact Land Property Finder. We work with reputable land brokers, property and land agent who can help you find what you need while achieving the best land values.
Property and Land Wanted
Do you own well-located land and property? Land Property Finder want to hear from you! We can help you attain the best prices and value for your land, via our network of professional developers, land buyers and self-builders.
Simply complete the FREE no obligation land selling enquiry form. Alternatively, you may call us if you prefer (local rates apply) on:
The Price Of Land Uk
What Is Driving Up Land Value?
Conditions That Can Increase Or Decrease The Value Of Your Land Buy
Property and Land Wanted
Do you own well-located land and property? Land Property Finder want to hear from you! We can help you attain the best value for your land, via our network of professional developers, land buyers and self-builders.
Simply complete the FREE no obligation land selling enquiry form. Alternatively, you may call us if you prefer (local rates apply) on:
The content on this site is purely for information purposes only and is not intended to replace your seeking professional financial and legal advice from regulated professionals before you make any land and property investment decisions. You must always carry out your own research and due diligence on any land or property you intend purchasing from any third party. Please note, we are not estate agents. We simply put you in contact with sellers/buyers
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