{"id":9033,"date":"2022-11-25T13:06:48","date_gmt":"2022-11-25T13:06:48","guid":{"rendered":"https:\/\/novellusfinance.com\/?p=9033"},"modified":"2023-09-16T17:10:58","modified_gmt":"2023-09-16T16:10:58","slug":"cost-of-buying-land-in-different-uk-areas","status":"publish","type":"post","link":"https:\/\/novellusfinance.com\/uk\/cost-of-buying-land-in-different-uk-areas\/","title":{"rendered":"How much does it cost to buy land in different areas of the UK?"},"content":{"rendered":"
We are all pretty familiar with how the property market works and understand that the price of a 2-bed property can vary dramatically depending on your region or postcode. Likewise, when buying land in the UK, location is one of the most critical factors you\u2019ll need to consider.<\/span><\/p>\n Just like with property, the price you pay per acre can vary dramatically depending on the country, region, county, town and even postcode you are looking to purchase land within. In this article, we will look at how much land costs in different areas of the UK and how much you can expect to pay per acre in your preferred region.<\/span><\/p>\n <\/p>\n The amount an investor or developer can expect to pay per acre of land will change depending on where in the UK you are considering and what you intend to do with that land. Farmland in the UK will cost between \u00a312,000 – \u00a315,000 per acre, with some areas reaching as much as \u00a325,000 per acre or more, especially if you are looking to add land to your existing property. Additionally, if you are buying land<\/a> for development purposes, you can expect to pay significantly more for a plot of land.\u00a0<\/span><\/p>\n Land in the south of England is harder to come by than land in the north and, therefore, will be valued higher as a result. You\u2019ll also attract a better price per acre if you are looking to buy a larger plot of land rather than just one or two acres alone.<\/span><\/p>\n <\/p>\n There are several factors that will determine how much a plot of land is worth in the UK. For example, if it is close to utilities, that will undoubtedly add value to the land. Additionally, if the land has electricity and can be connected to mains water or has buildings such as barns already in place, this will also increase the value. <\/span><\/p>\n <\/p>\n Other factors that will impact the value will include:<\/span><\/p>\n <\/p>\n As we\u2019ve already hinted above, the price of land will vary significantly depending on where in the UK you are looking to invest as well as several other variables. We will now look at how the prices vary depending on the region. All prices quoted are sourced from <\/span>fwi.co.uk<\/span><\/a> and are based purely on rural land average costs. Other external factors could impact the price, as detailed above.<\/span><\/p>\n <\/p>\n The most expensive area to buy land in the South West of England is Devon, with the average cost per acre at \u00a310,520. Cornwall offers the lowest price per acre in the region at \u00a39,350 per acre. Both Dorset and Somerset see an average price of \u00a310,120 per acre.<\/span><\/p>\n <\/p>\n If you are looking to invest in land in the southern regions of England, you can expect to pay an average of \u00a39,941. With land in popular Hampshire reaching \u00a310,340 per acre and the same in Surrey can be bought for an average of \u00a39,680. For those looking at land in East Sussex, you can expect to pay \u00a39,570 per acre.\u00a0<\/span><\/p>\n <\/p>\n The average price of land in the West Midlands is \u00a39,750 per acre. In Warwickshire, the average price is \u00a310,175 per acre, whereas, in Staffordshire, a buyer can expect to pay \u00a39,900 per acre.<\/span><\/p>\n <\/p>\n The average cost of land per acre in the East Midlands is \u00a39,290. In Derbyshire, you can expect to see average prices of \u00a38,690, with land in Leicestershire reaching an average price of \u00a39,350 per acre. If you are looking at land in Lincolnshire, you can expect to pay an average of \u00a39,768.<\/span><\/p>\n <\/p>\n If you have got your eye on some land in Wales, the average cost per acre is now sitting at \u00a38,641 per acre. Currently, land in Powys is priced at \u00a38,266 an acre and land in Monmouthshire averages \u00a39,017 per acre.<\/span><\/p>\n <\/p>\n The Northwest of England currently has some of the lowest-cost land available in the UK. The average cost per acre for the region is \u00a38,067. However, if you are interested in land in the Cumbria area – famous for the great lakes, you can expect to see land selling for an average price of \u00a37,700.\u00a0<\/span><\/p>\n <\/p>\n Northeastern England also has some of the keenest land pricing in the UK, with the average acre costing a mere \u00a37,067. Land in Durham has an average price of \u00a37,700 and in Northumberland, the average price is currently \u00a37,514.\u00a0<\/span><\/p>\n <\/p>\n In Yorkshire, the average cost of rural land is \u00a39,130 per acre.\u00a0<\/span><\/p>\n <\/p>\n The average cost of land per acre in Scotland is now \u00a37,000. In west Scotland, the average price per acre last year sat at \u00a34,250, with the most expensive region to buy land in Scotland being the Lothians at \u00a38,000\/acre.<\/span><\/p>\n <\/p>\n Before embarking on your search for the perfect plot of land, it\u2019s essential to decide on where you want to buy by defining the region, town or village you want to buy your plot within.\u00a0<\/span><\/p>\n One of the most common mistakes people make when buying land is being undecided on the geographical location for their search. Without an area to focus on, the search can become overwhelming. Therefore, it\u2019s far better to pick an area and then start your search.<\/span><\/p>\n <\/p>\n Once you have decided where you want to buy the land, the next step is to spend some time exploring your preferred area. Talk to locals or even write letters or knock on doors. You never know what you might uncover and maybe you could even find someone with a small plot of land to sell. <\/span><\/p>\n Another way of finding out about land in your search area is to contact the local council. Local councils publish a register of planning applications which can be viewed online. It\u2019s possible that a current owner may no longer wish to build on the plot and is open to a sale.<\/span><\/p>\n There are some other routes you can go down in order to find your perfect bit of land. For example:<\/span><\/p>\nHow much is an acre of land worth in the UK?<\/span><\/h2>\n
Factors that affect the value of land<\/span><\/h2>\n
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What is land worth in different areas of the UK?<\/span><\/h2>\n
Southwest England<\/span><\/h4>\n
Southeast England<\/span><\/h4>\n
West Midlands<\/span><\/h4>\n
East Midlands<\/span><\/h4>\n
Wales<\/span><\/h4>\n
North West<\/span><\/h4>\n
North East<\/span><\/h4>\n
Yorkshire<\/span><\/h4>\n
Scotland<\/span><\/h4>\n
How to find land for sale in the UK<\/span><\/h2>\n
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\n<\/span>Many would-be landowners begin their search for the perfect plot of land online. Websites such as OntheMarket<\/a> and Rightmove<\/a> have options to search for land-only, or there are more land-orientated websites such as Plotfinder<\/a>.<\/li>\n
\n<\/span>Contact local estate agents in your preferred area to register your interest in any available land. It\u2019s also worth contacting local surveyors who may become aware of land for sale early.\u00a0<\/span><\/li>\n<\/ul>\n