Is buying land a good investment in Surrey at 25,000?
Wondering if buying some land would hold its value.
Asked on Mar 22 2010,
House Prices in New Malden |
I'm horrified by how many people buy land thinking they're going to make huge profit and are hoodwinked into buying for the wrong reasons. DO NOT DO ANYTHING until you get the land checked by a SPECIALIST LAND AGENT (see www.rwhilder.co.uk). If the land is greenfield and part of a larger area that has been split into many plots, stay well clear or you could have problems in future. If it has potential for residential redevelopment, then you could make a healthy profit. If it is grazing land or has agricultural use, then it will hold its value (probably) and you can sell later on.
Answered on Mar 22 2010,
It can be a good investment depending on what the land can be used for in the future and how many buyers would be interested in acquiring it in the future. A piece of land in Surrey for 25k sounds very speculative as if it is building land or a ransome strip to building land it would be worth a lot more. If it is land adjoining your property it may provide extra value to your house and or allow you to extend etc. Think carefully though as my guess it is 25k for a reason.
Answered on Mar 23 2010,
Land as ever is a gamble, its real value lies in potential for development, unlock that and returns can be huge. Whilst many have suceeded you don't tend to hear from those who haven't- like any gamble
At best it tends to be a long term speculation and not to be enetred into blind. Research in terms of land designation and in conjunction the local authority plan will give you some guidance.
Please be aware of the packaged land parcels (which this sounds like this case) which generally are a way of maximising value from agricultural land when planning is extremely unlikely.
Answered on Mar 26 2010,
Depends also on the location of the land, if it's inside a town or village there is a larger possibility of acquiring planning permission than if the land was outside a town/village. Like a previous user said, check a land specialist in your local area, which for you is:
Web reference: www.rwhilder.co.uk
Answered on May 4 2010,
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