Land For Sale
Just how do you find land for sale?
Before the advent of the Web, locating land
for sale often proved a long, tedious process.
Self build has helped drive the market forward, no longer
does one have to wait for development companies to build
property, it is possible for anyone to buy a kit house,
or hire an architect to make their dreams a reality.
The Web has helped unite the service provider (architect,
builder, kit house vendor) with the customer like never
before.
Investment in land for sale has rocketed
in recent times, with returns of 300% often being seen
on self-build projects. Plots of land for sale are increasing
in value, but for those prepared to take the risk of
seeking planning
permission and building their own home, the returns
are far beyond those of most other investments. Land
investment can provide a long term investment, supplement
your investment portfolio or be purchased speculatively
and could achieve gains of 300% or more once planning
permission is acquired.
Is land for sale a good investment?
Land for sale as an investment, usually
follows traditional property prices. Undeveloped land
for sale is getting more and more scarce as more houses
are needed to solve the housing crisis. This is helping
to push up the cost of land.
Calculating the Value of Plots of Land for Sale
The value of plots of land for sale can be found
by identifying similar sized plots that have already
been developed. The land should equate to approximately
35-45% of the market value of the entire property.
Take for example - a three bedroom detached house
on a plot of 0.25 acres, priced at £265,000. The
plot value would be approximately £106,000. The
percentage value will vary between locations but this
would give a rough guide to potential local land prices.
Don't forget that land
for sale with planning permission will
be worth substantially more than a plot of land for
sale with no permission. Ease of planning permission
can vary widely between locations and it is vital that
you have planning permission sorted before start any
work, otherwise you may well be request to demolish
anything you have built to date and return the land
for sale to it's original state, all at your own cost!
PlotWorld
lists land for sale with and without
planning permission. Please check with the vendor /
agent as to whether the building plot has planning permission.
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