Question 1

How much should I pay for a building plot?

Accepted Answer

A simple method used by developers and estate agents is to consider the value of a plot as a percentage of that of the finished house. This figure will vary depending on the state of the market and the desirability and scarcity of the site. It would typically be anywhere between 25% and 50%.

Question 2

How to find building plots for sale?

Accepted Answer

Websites such as Grand Designs magazine Land Finder by Addland, Plotfinder and Buildstore Plotsearch advertise thousands of land listings. It's also worth checking out property portals such as Zoopla and Rightmove. You can also register your interest with the councils in the areas where you'd like to build.

Question 3

Can you buy a plot of land and build house UK?

Accepted Answer

Relevant authorities must give suitable development permission to enough suitable serviced plots of land to meet the demand for self-build and custom housebuilding in their area. There is no duty on a relevant authority to permission land which specifically meets the requirements expressed by those on the register.

Question 4

Do you pay stamp duty on a building plot UK?

Accepted Answer

You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. The tax is different if the property or land is in: Scotland - pay Land and Buildings Transaction Tax. Wales - pay Land Transaction Tax if the sale was completed on or after 1 April 2018.

Question 5

How much does a building plot cost UK?

Accepted Answer

Find out from a local estate agent as to the market value of the property. The value of plots of land for sale should equate to approximately 45% of the market value. For example a four bed detached house on a site of 0.15 acre in the area your looking is priced at £150,000, the plot value would approximate to £67,500.

Question 6

What size plot do you need to build a house?

Accepted Answer

So how much land does your dream home require? Typically, a four-bedroom home can be built on a tenth of an acre, but if you want plenty of outdoor space you should aim for a third or even half an acre.

FAQs