HOW TO FIND A PLOT PART TWELVE: CALCULATING THE VALUE OF A PLOT
Anyone buying land for a self-build is likely to worry that they could be paying too much; figuring out how much a building plot is worth is tricky. The problem is made worse by the limited availability of developable land, which drives up the price of oven-ready plots and sometimes leads estate agents to claim that a plot’s only worth what someone’s prepared to pay for it. From a seller’s point of view that’s fine, but if you’re a buyer trying to figure out what to offer it’s hardly helpful. So how can you figure out a reasonable price? Read on and I’ll reveal all…
The process of valuing land is much easier than you’d think — it’s a case of working out what kind of house a plot will support, and what the value of that house will be, then deducting the total cost of
