One acre of building land for sale in Wales
(guide price £750,000)
selfbuildabc.co.uk (lots of useful information for self-builders)
countryside.gov.uk (for more information on public rights of way)
direct.gov.uk (for information and advice on planning permission)
primelocation.com (for more on buying land for development)
building-plot.org.uk (a list of land agents)
(shows flood plains and industrial contamination)
There are essentially three different types of plots of land for sale; those with planning permission, those with potential for planning permission and those without planning permission. Obviously the most expensive and sought after are the ones with permission to build on, but you can expect to spend around 35% of your total costs on the land. Whether you’re looking for land for a self-build project or a development to sell on, there are a lot of important factors that you need to take into consideration.
Very importantly in the current climate, always check that the land is not on a flood plain; you can do this on the environmental agency’s website (environment-agency.gov.uk). Also check to see if the land is contaminated (particularly important on a brown-field site) in any way; particularly prevalent if the land has previously been used in some sort of commercial or industrial capacity. This can also be done with the environmental agency. Another thing to bear in mind is if there are any trees on the plot, are there any preservation orders on them? This information will be present in the local authority search and may affect the layout of your development.
You need to think about how you will get to and from the site once the development is finished, and indeed whilst the building work is going on. If you are building multiple properties, there may well be access issues because a right of way for one property may not apply to several. If your development is large enough to build a road to it, then it will have to be done to a certain standard so that you can persuade the local highways authority to take on the responsibility of maintenance.
Drawn in by the potential of increasing their money ten-fold, more and more people are investing in land with no planning permission in the hope that, at some time in the future, they will be able to get planning permission. There may be some mileage in this if you can acquire land next to an existing development in a popular area of the country, but there has undoubtedly been a lot of land sold that will never realize its new owner’s dream of development. However, land in general has shown a steady rise in value of around 10% per year over the last few years and is expected to continue to appreciate in a similar manner (see graph below).
Residential Land Forecast by Technical Forecasts Ltd.