how much is garden land worth?

edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
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nobbyandgailnobbyandgail Forumite
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edited 30 November -1 at 1:00AM in House Buying, Renting & Selling
An empty house borders the rear of my property and the people who have inherited it have indicated that they may be willing, in principle, to sell me a wedge shaped peice of their garden in order for me to extend my own garden. The piece of land in question is triangular and measures roughly 60' x 15'(narrowing to 8'). The solictor who is managing the late owners estate has appointed a surveyor to report on the property and he has asked me for my "one-off best offer price" for the land, so that he can include this in his report for the new owners to consider. Both the solictor and surveyor are refusing to enter any price negotiations and I have no way of contacting the new owners. Can anyone assist me with suggesting a suitable price? I'm aware that its worth what I'm prepared to pay for it, but other than that I have no idea of the value of land.
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Replies

  • NoshtNosht Forumite
    744 Posts
    £3000 in total - £2000 + all transfer expenses, probably another £1000.

    N.
    Never be afraid to take a profit. ;)
    Keep breathing. :eek:
    Just because I am surrounded by FOOLS does not make me wise. :j
  • sunshinetourssunshinetours Forumite
    2.9K Posts
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    I would only offer what you feel comfortable offering. No amount of professional valuation will make it seem of more value to you if you know what you can afford and would want to pay for it.
    It sounds a pretty narrow strip (although pretty long) so presumably reasonably limited as to what you could so with it.

    How big is your current garden? Obviously if your current garden is only 40ft long say then this may well add a fair bit of value so price accordingly. if you already have a 90ft garden the this extra wedge probably doesn't really add value massively

    Obviously you should budget for legal fees (inc theirs maybe)
  • Richard_WebsterRichard_Webster Forumite
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    Does it give you the possibility of a facility or deprive the other property of one, e.g. further road access for car or the reasonable hope that with a slightly larger plot the Council could eventually be persuaded to give planning permission for another house This could be valuable.

    If not, then how much does it increase your house's value or reduce that of theirs? Usually, as has been stated already, unless the garden is very small at the moment, adding an extra piece often doesn't add much to value.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • marcgmarcg Forumite
    177 Posts
    Also bear in mind that it is literally of no value to anyone else.
    I'm an ARB-registered RIBA-chartered architect. However, no advice given over the internet can be truly relied upon since the person giving the advice hasn't actually got enough information to give it with confidence. Go and pay someone!
  • nickpecknickpeck Forumite
    6 Posts
    Did you manage to buy the land?
    I am about to make an approach to our neighbours and would be interested to here how you got on.
    I have no idea what the legal costs would be?
  • fleur19fleur19 Forumite
    2 Posts
    Does it give you the possibility of a facility or deprive the other property of one, e.g. further road access for car or the reasonable hope that with a slightly larger plot the Council could eventually be persuaded to give planning permission for another house This could be valuable.

    If not, then how much does it increase your house's value or reduce that of theirs? Usually, as has been stated already, unless the garden is very small at the moment, adding an extra piece often doesn't add much to value.

    I own a driveway which has pedestrian right of way to my neighbours, it is their only access to their property. It is my off road parking but I do live on a nice quiet country road. Next door has been on the market for a few years & unable to sell due to no parking or proper access it is an odd set up but I only purchased my house just over a year ago so it's all on my deeds. Next door is rented out some of the time. I have not been directly asked but know they would be desperate to buy it. How much is it worth and how much value would i lose?
  • taxsavertaxsaver Forumite
    620 Posts
    I would turn it around and see how much you could buy their house for.... and having bought it and given it better access, what would it then be worth? ;)
    If you feel my comments are helpful then I'd love it if you 'Thanked' me! :)
  • Richard_WebsterRichard_Webster Forumite
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    How inconvenient is it going to be for you to give them the access?

    If the only way you can get a car off the road is to park on the access then you are losing quite a lot as you would have to leave it free for them to drive through.

    If you can park somewhere else then its just the passage of vehicles near your house which is a negative factor but depending on the closeness of the drive to the house, not so bad.

    I had a client who was going to buy a house in a town with only pedestrian access and she had to squeeze past the neighbour's car even to get pedestrian access. This put her off buying it and would probably have put a lot of people off - so if it was like that granting an access would increase the value significantly and you might even be looking at a five figure sum.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • fleur19fleur19 Forumite
    2 Posts
    It is the same issue as your client, they have to squeeze past my car! We live in very old properties so they are very close, it is off road parking right next to my house their property is slightly set back from road and I own what is directly in front of their front door about 2 small cars parking or my 1 large car with a lot of room as I said it's an odd set up but in my favour.I have a side entrance that I would need pedestrian access for just to put my rubbish out and for garden bits which is all I use it for now. I'd be in effect giving up a valuable off road parking space, & would have to park on road although quiet, But I am aware it is priceless to them as I said they've been on the market for 4yrs plus. How much would it devalue mine? I would not be prepared to just sell for what I'd lose there's no point you only sell things for a profit.
  • andy.annandy.ann Forumite
    5 Posts
    hi can any body help i have a piece of council land at the side of my property it is 8.5mx4.8m sq it was maintained by the previous owner of the house for 19years and not touched by council at all for that time eg trimming of bushes cutting grass etc,we bought the property 6 years ago and we have maintined it as it was ours. we pressumed the land would of been transferd to us and we put a gravel drive on 1/3 of the grassed area for a car as it is very busy col de sac.The council have now contacted us saying that we need to buy the land as it wasnt ours,They have give us a price as followed
    The 1/3 gravel area £1625 = 2.8mx4.8m
    The 2/3 grassed area £675 = 5.8mx4.8m
    they say the gravelled area is more expensive because its adding £15000 to the value to my property
    what is our options they say if we dont buy the land we have to return it to its original state.
    can anybody advise us were we stand as the land has been untouched by the council for 25years and it seems like the council is skint and just trying to cash in on us looking after this piece of land
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