Valuation of a 'ransom strip' of land

Lobster · 2009-07-14T18:40:55+00:00

Bit OT but I'm sure within this group's expertise...My parents have recently been approached by their next-door neighbour who wishes to buy a strip off the end of my parent's garden, presumably with a view to gaining rear access to their property.My parents just *might* be interested in doing this. One of several questions raised, though, is how would you put a valuation on this bit of land? From memory, my guess is that the land would be of no particular use to anybody else; ie not large enough to build a separate property on. So I really it's a case of how badly does this guy want the land, and how much my parents would miss it versus how much they'd like the cash realised... but where on earth do you start in terms of coming up with a figure for something like this? My parents (and I) literally don't know whether 100, 1000, or 100,000 GBP would be the sort of expected value. Is it something an impartial professional can advise on? Or is it simply a case of my parents coming up with a figure they could live with, and the neighbour liking it or lumping it?ThanksDavid

Jul 14, 2009 60 Replies

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Doctor Drivel 17 years ago

Eff off you are a plantpot.

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Valuation of a 'ransom strip' of land

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