Land Value
 

Hello all

My first post here so appologies if this isnt relevant to the section.

A neighbour ownes a bit of land at the end of may garden and he has informed me that he is interested in selling it as the tennants he lets the house to do not maintain it properly. He has said that he does not know what its worth and has asked me to come forward with an offer. Whilst I would like to buy it for as little as possible I would also like to make an offer not an insult and remain on good terms.

Here are the details:

Area: East Bristol Suburb in South Gloucestershire
House: 3 Bed Semi, Band C, 1920s
Front garden: 9m long driveway with ajacent drive to rear garden
Rear garden: 26m long, approx 150 sq meters
Street: Allways privately owned, row of 12 houses

The land available is approx 300 sq meters, triangular shaped, 2 sheds, slightly undermaintained, has planning permission refused in the past due access issues, all the gardens that back onto it are atleaste as big as mine, can probably only be used for a garden.

Does anybody have any ideas as to what I should be offering?

Thanks in advance

Land Value
 

On Fri, 1 Apr 2011 22:50:25 +0000, Wurzel
wrote:


Hello all

My first post here so appologies if this isnt relevant to the section.

A neighbour ownes a bit of land at the end of my garden and he has
informed me that he is interested in selling it as the tennants he lets
the house to do not maintain it properly. He has said that he does not
know what its worth and has asked me to come forward with an offer.
Whilst I would like to buy it for as little as possible I would also
like to make an offer not an insult and remain on good terms.

Here are the details:

Area: East Bristol Suburb in South Gloucestershire
House: 3 Bed Semi, Band C, 1920s
Front garden: 9m long driveway with ajacent drive to rear garden
Rear garden: 26m long, approx 150 sq meters
Street: Allways privately owned, row of 12 houses

The land available is approx 300 sq meters, triangular shaped, 2 sheds,
slightly undermaintained, has planning permission refused in the past
due access issues, all the gardens that back onto it are atleaste as big
as mine, can probably only be used for a garden.

Does anybody have any ideas as to what I should be offering?

So small a landlocked piece that can't be built upon isn't worth much
if anything, can't hunt on it or use it as a wood lot... offer to pay
the legal/transfer fees to adjoin it to your property, a case of fine
booze for good will, and tender $1 to seal the deal and make it just,
and you'd both be doing each other a good deed, perhaps. Do some
research as to what it would cost to sever it from the neighbor's
property and to join it with yours, might need a couple of new surveys
plus whatever town filing fees, etc... may not even be worth your
trouble. Be sure to check for any encumberances, liens, back taxes,
free title. Be very wary about someone wanting to part with what is
on the surface an asset, it may well turn out a liability. Around
here small landlocked parcels are typically offered as a gift to the
owner of an adjoining property, and often they are rejected if just
for the increased taxes stemming from reassessment. You may think you
want it but think carefully about if you really need it... you may do
much better investing in a small parcel elsewhere, maybe a piece of
agri land out of the city that isn't landlocked. Personally I'd not
want a piece of land that causes me an adjoinment with a dozen more
neighbors, couldn't pay me to take it.

Thanks for the advice. Interesting point regarding the checks.