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Is it possible to buy a small freehold plot of land up to about £25,000 in UK?

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london8

New Member
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Hello,

I have no knowledge about the property market. I just want to buy a small plot of a land to build a small one-bedroom-house.


I have two questions:


1) Is it possible to buy a small freehold plot of land up to about £25,000 in UK, with or without planning permission?


2) I am searching on internet. Sometimes I find something cheap, exactly what I am looking for (£10,000 - £25,000). But I am worried, the prices which they say, could be for an auction which means the final price will be much more higher, even though they do not say whether the price is for an auction or for a direct sale. I could put here some concrete links of examples but the system does not allow me to do so. What you think, the prices are about an auction or for a direct sale? Many thanks.
 
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Longterminvestor

Administrator
Unfortunately, this is fairly unlikely. As a rule of thumb the value of a plot of land should equate to around 45% of the market value of the property. So, with a plot of land valued at £25,000 this would equate to a property value of around £55,000. Unlikely the current UK property market?
 
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london8

New Member
So, they must be liars. On internet, you can find many advertisements where they offer a small freehold plot of land for only up to about £25,000 in UK.
 
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