Value of Building Land

[G Man]

What is the value of building land approx per acre, between my neighbour and me, we have 4 1/2 acres of land in the village which probably will be given permission ? !!

[G Man]

monthefish said:

Sam_68 said:

Still think £1 million per acre is a good rule of thumb for land value?

Yes.

OK Monthefish yours for £5M , 4.5 acres of land 2 X £1/2mill detached house. The neighbour and me are gone

I am right as this is my house its tax free

[G Man]

Oi_Oi_Savaloy said:

If you had 4.5 acres there's a very real potential that the council would seek to put affordable homes on there as part of a developement. They might do you for under-development of the land if you simply went for 2 or 3 houses on that land you're talking about.

They might/might not; I am just pointing it out.

You could always argue that affordable isn't appropriate for the area but if the local borough are short of units they might (big might) hammer you for social housing.

Don't think so being in a village the access is limited, ie a lane off the village high st so the number of houses is going to be limited, I think 20 max