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I am interested in purchasing a strip of land from my neighbour, approx 8 feet wide by 50 feet long. I would like a guide price.

An indicative price would be very helpful.

Asked on Sep 10 2009, General in Kingsbridge | Report content

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  • No photo available of clnfield

    clnfield

    Ask yourself what you are going to do with the strip of land. if you aim to build a garage and create parking for two cars how much will this increase the value of your home? Aim to make a sensible profit on the expenditure and the building costs and you will arrive at a purchase price that's fair to your neighbour.

    Answered on Feb 27 2010, Report content
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    reverendro...

    Actually you may wish to consider what your neighbour could do with the land, certainly that will form part of their thinking when they formulate a price. If the land can be used to extend property then it may be worth more than land that can only be used for a garden. In reality it is worth what your neighbour wants for it and what you are prepared to pay. For worthless non-building land I would be looking at £2k to £5k plus costs.

    Answered on Jan 10 2011, Report content
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