ChatterBank1 min ago
how much would i expect to pay for residential land?
3 Answers
how much would i expect to pay for some of my neighbours back garden as i want to move the boundary line over you see?
many thanks!
many thanks!
Answers
1 to 3 of 3
Best Answer
No best answer has yet been selected by 2BEARS. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
It doesn't really matter where it is, Ethel.
The strip of land is of no use to anyone else, so any benchmarks on the price of land paid for this or that purpose are pretty irrelevant.
If I were you, 2Bears, I would start the negotiation on the basis that good agricultural land costs about �3000 per acre and an acre is about 40k square feet. Work out the number of square feet in the strip, then start there. It won't end up much money unless the strip is very wide, and the legal costs of effecting the transfer are likely to be as large as the price of the land.
If I was your neighbour I would seek to base the negotiation around the potential increase in market value of your house from a bigger plot.
Work out an acceptable figure between you.
The strip of land is of no use to anyone else, so any benchmarks on the price of land paid for this or that purpose are pretty irrelevant.
If I were you, 2Bears, I would start the negotiation on the basis that good agricultural land costs about �3000 per acre and an acre is about 40k square feet. Work out the number of square feet in the strip, then start there. It won't end up much money unless the strip is very wide, and the legal costs of effecting the transfer are likely to be as large as the price of the land.
If I was your neighbour I would seek to base the negotiation around the potential increase in market value of your house from a bigger plot.
Work out an acceptable figure between you.
thanks for the reply,i didn't know if there was a rough rule of thumb per square metre that's all
If i try to give you an outline,my brother and i live next door to each other,our gardens are both 35 metres long by 12 metres and i need 25 metres long by 0.5 metres,we are both ok with it al but need a bit of guidance,we are nt planning on moving in the near future either,hope it helps!
If i try to give you an outline,my brother and i live next door to each other,our gardens are both 35 metres long by 12 metres and i need 25 metres long by 0.5 metres,we are both ok with it al but need a bit of guidance,we are nt planning on moving in the near future either,hope it helps!
1 to 3 of 3
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.