How much would a 20 sq meter piece of UK garden be worth in an expensive town? My neighbour wants to buy it.?
Question:It is a piece of garden that we use for sheds etc and the neighbour wants it to extend his lawn. I don't know where to go to find comparable prices for residential land.
Answers:
In Mayfair, perhaps 30,000
Soho, from 3,000 to 10,000
Depends where
I would recommend having a real estate agent or appraiser assist you with determing the value.
Get a few local estate agents up to price it for you.
I`d take the more practical approach - ask him to make you an offer - if you think its acceptable take it but hedge the WRITTEN agreement around carefully - ie he doesnt build with a certain distance of your boundary - doesnt do anything on it which would affect your enjoyment of your property or view - doesnt park old bangers etc you get the idea.
Make sure the property deeds / boundaries are amended accordingly to avoid any problems if you sell in the future.
And - none of those xxxxxxxx leylandii
work on 11000 per acre with a minimum of 2k plus he pays legal costs, you pay nothing.
watch out he might just want to build on it,if so it will be worth a lot of dosh.
The best people to talk to are estate agents. They will tell you how much the land is worth, and how much it will devalue your property by selling it. I would also ensure that your neighbour has a solicitor pen a contract to guarantee that he does not build on the land.
you could ask an estate agent for the number of a local surveyor or valuer .Get the land valued as building land and not just an old bit of waste land and the price should reflect its future use. Alternatively the local authority will give a guide to the cost of a piece of building land in your area
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