A recurring topic of conversation across the construction industry at the moment is the shortage of land available to developers to build new homes. Talk to any developer or designer and it won’t take long before they voice their opinion on how little is available and the changes that need to be made to free up some more plots of land. We’ve talked about protected land and land banking, both of which are barriers to wider development. As a result of unprecedented demand, there’s less land available for sale on the open market, which is becoming frustrating. In the third part of our series on the current UK land shortage, we are looking at how to go about finding a plot for sale.
How to find a plot of land for sale
There are a variety of ways to find land for sale, from in person searches, to browsing through websites. If you have a defined geographical area that you would like to buy land, then it is worth concentrating on that area via a variety of media. Looking around rural areas and keeping an eye out for plots for sale is a possible way of finding a suitable plot – it’s often the case that you can just stumble across the ideal plot when you least expect it.
Which websites advertise land for sale?
Local property listings are still a sure-fire method of finding land for sale and many estate agents have a specific area that is devoted to land sales. The land may be available at a set price, or it may be up for auction or other bidding method. There are land registry sites that will show who owns which plots and how many are for sale. There are also a variety of online resources, such as www.rightmove.co.uk, www.plotfinder.net, www.plotbrowser.com, www.onthemarket.com/farms-land, www.ukauctionlist.com/land-auction, www.perfectplot.co.uk. You could also try marketplace sites such as www.gumtree.com, www.ebay.co.uk, www.trovit.co.uk or www.geo.craigslist.org.
There’s advice too on land purchase and development on the UK government’s website.
Plots come in all shapes and sizes. They can be a small single plot for a single dwelling, to a large-scale site that will accommodate several houses. Plots can include redundant buildings, or former commercial sites or barns. One of the most important aspects of searching for land is having the imagination and vision to see the potential of a blank slate. It isn’t always easy to envision what the finished article might look like in its setting, but you need to be openminded and welcome suggestions when you are inspecting prospective plots.
Finding true value in a plot of land
The value of the land will depend very much on a variety of factors, which includes supply and demand. You don’t want to be paying over the odds for a plot. It will be influenced most significantly by its location. Similar plots of land in vastly different locations will be reflected in the market value of the land, which will differ hugely from area to area.
Some land may have a property in poor condition or even in need of demolition standing on it, and the land can be worth more than the building itself. A key factor is if the land already has planning permission in place. This considerably raise the land’s prospects of gaining a top price. Other factors are accessibility, appeal and aspect. Is the land close to amenities, or transport links, for example, and do these matter to you? Is your best offer a true reflection of what the land is worth to you? Of course, in the current climate – with demand high – land is scarce and prices are at the upper end of the spectrum.
We are there for you on your self-build journey or to buy your land
As well as being developers, we are land brokers. We are always searching for suitable land to purchase. We can sell your plot, with or without approved planning permission. We can also offer advice on a variety of land-related matters. These include the suitability of plots for building on, the establishment of boundaries, or what to do if you have a landlocked plot – that is a plot that is difficult to access and may need a route establishing to it. We can also carry out planning enquiries for you on your land. Our experienced planning professionals work closely with Local Authorities, to complete all planning enquiries.
However you go about searching for your plot, it’s worth bearing in mind that expert advice and knowing the market will ensure you buy something that is both suitable and a sound financial investment. Get in touch with us today.