Self Build - Plot Prices
How much should you pay for a plots of land for Sale?
A simple way to calculate plots of land for sale value is to find similar sized plots of land for sale in the area you are looking, that already has a property built. Find out from a local estate agent as to the market value of the property. The value of plots of land for sale should equate to approximately 45% of the market value. For example a four bed detached house on a site of 0.15 acre in the area your looking is priced at £150,000, the plot value would approximate to £67,500. The % value of plots of land for sale will vary from area to area greatly increasing in counties such as Surrey and Hertfordshire.
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September 2004