Is there treasure in my garden?

Mental_Mentor

Have been approached by a neighbour who would like to buy a chunk of our very sizeable garden. I'm quite happy about this as the lawn is murder to mow!!

The question is How Much Is It Worth? We haven't discussed how much of the garden they want and we live in the Northeast. Has anyone done this? How much per square meter should I expect to get?

Thanks

Astaroth

You also need to find out what they intend to do... do they just want a bigger garden or are they intending to build another house on the extra land etc

Just_Looking_3

Astaroth wrote:

You also need to find out what they intend to do.

Very wise, they could do allsorts with it - best getting legal advice.

Tassotti

A friend of mine swapped the bottom bit of his garden for a Porsche 911. The purchaser intended to build a small property on it, but planning was refused.

Ha ha. now purchaser is left with end of garden that he can do nothing with and no car

Midas

A friend bought some recently from his neighbour for £100 per square metre. Whether this was a good price or not I don't know. If they are planning to buy up enough to build a house on it will be worth a great deal more.

Tassotti

Midas wrote:

A friend bought some recently from his neighbour for £100 per square metre. Whether this was a good price or not I don't know. If they are planning to buy up enough to build a house on it will be worth a great deal more.

Land does have a meterage price, depending on the area. Land will only be worth more if planniong permission is already granted. Otherwise its just land.

dougk_2

Al_Mac wrote:

Where I live agricultural land is £3k, currently going fot £15k around the edge of the village. I assume everyone thinks they will get planning permission.

Which is highly likely at some point in the not too distant future!

Personally I would not sell my back garden to a neighbour - what about leasing it to them instead so you still retain ownership?