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- Be Clear About Why You Are Buying The Land
- Familiarise Yourself with The Different Types of Land on The Market
- Spend Time Researching The Market
- Shop Around
- Focus on Areas with Growth Potential
- Establish Whether You Will Need Planning Permission For Any Building on The Land
- Be Sure to Get The Land Properly Surveyed
- Double-Check Where Your Plot of Land Begins and Ends
- Always Treat The Purchase of Land as A Long-Term Investment
- Identify The Right Agents Who Can Help with The Search Process
Perhaps you see land as a better investment than stocks and shares or other assets. Perhaps you want a site to build your own home, or perhaps you want to become a smallholder. You certainly need to have some long-term plan for the plot because it will determine what and where to buy.
Greenfield land, which has never been developed, is different in character from brownfield land, which has been built over previously. They are distinct markets and, in some respects, subject to different planning requirements.
“There is a large variation in land values being achieved at present, ranging from £5,000 to £15,000 per acre, depending on location and quality,” says Michael Fiddes, Head of Estates and Farm Agency at Strutt & Parker. You need to develop a feel for the market and for what it is reasonable to pay for your piece of land.
There is usually plenty of land on offer at any one time, although not all of it is publicly advertised. To start your search, visit the OnTheMarketwebsite. There are specialist land agents dotted around the country, too. Land auctions are another option, if you are prepared to move quickly. But you should also be alert to other potential sources o...
The “location, location, location” mantra applies to land as much as to properties. Keep an eye out for areas due to benefit from improved infrastructure such as transport links. Read more – A guide to buying a second home – Buying or renting a listed building? Everything you need to know – A guide to buying commercial property “Remember that price...
Some plots of land are sold with planning permissionalready granted, although this is often only ‘outline’ planning permission – you will need to clear the final details with the planning authorities. Be wary of restrictive covenants or other legal restrictions on your freedom of manoeuvre. In short, planning issues are so intimately linked to your...
An empty field may not look as if it needs to be given the once-over by a chartered surveyor. But there are potential hidden snags with land purchases, from boundaries and rights of way to flood risks and overhead power lines. It is always best to be on the safe side and to seek professional advice.
Access to land can sometimes be more problematic than it appears. You need to be wary of land which is separated from a public highway by a so-called ransom strip (a small parcel of land retained by the previous owner with the intention of restricting development unless the ‘ransom’ is paid).
You are not likely to make a quick profit on a field in the present climate, so it is sensible to play the long game and try to judge the optimum time to develop on the land or to sell it.
A good agent will want to have an understanding of your circumstances and needs. Every property or plot of land you see at OnTheMarketis being marketed by a full-service estate or letting agent, so you will always be able to deal face-to-face with them and ask any questions you may have throughout the search and buying process. You can find an agen...
There are some considerations when buying land from a neighbour and they include: Appreciate that the value will increase, but your neighbour’s property value will fall; The price will increase if things like a garden shed, a boundary wall or fence or a patio area stand on the land;
Unlock the potential in your plot of land today by booking in a free consultation with our team. If you want to create a house of your own, you need a plot of land to start things off. In this guide, we'll cover how to go about finding this land, issues you might face, and what to do when you've secured the site of your dreams.
Search for property prices. You can search for how much a property sold for in England or Wales. You can correct information about the sale price if you find any incorrect records. You can also ...
Oct 16, 2024 · Buying Land: Land Conveyancing Solicitors. If you are looking to buy land in the UK, you will need a licensed conveyancer to transfer the ownership of the land to you. They will handle paperwork related to the purchase and the completion of the sale. Buying land can be a great investment, whether it’s for a self-build home or a business.
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Oct 7, 2021 · Since 1993, the registry has held the details and information of the majority of plots of land and properties sold and registered in England and Wales, enabling would-be landowners to see the current status of land they are considering investing in. It could be beneficial to physically pinpoint available land on a map, emphasising your options.
