Land sold price

debtsucks

Hi I’m trying to find out how much a piece of land sold for . I have the title number , but not getting anywhere fast ? Any thoughts 

user1977

Have you downloaded the title details using the title number? That should give you the details of the last sale.

debtsucks

I did yes , but says no price recorded 

user1977

Then you have all the information the Land Registry has about it. What's the reason for you wanting the information?

canaldumidi

debtsucks said:

I did yes , but says no price recorded 

Since all the commercial companies selling sold prices get it from the Land Registry, none will have it.

Try asking the owner? (haha!).

But I doubt there's a way.

debtsucks

Yes, a piece of land that a family friend has is similar in size to the land in question was sold to builder who built a few houses in it , my friend has a similar piece of land and he was interested to know what it could potentially sell for 

eddddy

debtsucks said:

Yes, a piece of land that a family friend has is similar in size to the land in question was sold to builder who built a few houses in it , my friend has a similar piece of land and he was interested to know what it could potentially sell for 

The "rule of thumb" is that the land will be worth 1/3rd of the value of the final houses.

So, for example, it the land got consent for 6 houses, that would each sell for £250k each (6 x £250k = £1.5m)

... then the land might be worth £500k


Your friend will probably want a land agent to market the land, so they could ask a few agents now what it might sell for. (Like asking an estate agent what your house might sell for.)

It would probably end up being be a more complicated sale to a developer - with a contract that's conditional on getting planning consent, or perhaps an option to purchase.

canaldumidi

Did the land in question have planning permission? Does your friend's land? That adds considerable value.

Or the sale might be depndant on Planning being granted. Or might attract an additional payment if planning is granted post sale,or if a house(s) is later sold on the land.