This piece of land is designated as agricultural and therefore is being sold with no planning permission. However, the vendor is of the opinion that it will command a high price in the event of a successful planning application.
The plot is 400 square metres. It would be large enough for a detached dwelling with gardens with the relevant and successful planning permission.
So why is land such a good idea? The answer the basic economic principle: supply and demand. There will be no more land made or built. It is a finite resource.
Because it is a finite resource, it naturally increases in value regardless of planning or building. In short, the supply of land for sale is limited, but the demand for it will continue to rise, which has been seen here in the UK in recent years amidst the housing boom.
Unlike other forms of investment, land is a tangible asset, one that can be physically experienced. The tangible nature of investment in land can be very rewarding, not to mention prestigious. This along with the simple nature of investing in land makes it a very attractive investment proposition.
THINGS TO CONSIDER - WHERE TO BUY LAND?
We suggest that you consider the following:-
Are amenities close by (e.g. gas , water, electricity etc)?
Is there good access to the land?
Is the land on the edge of a desirable and fast growing settlement?
Is existing housing opposite or adjacent to the site?
Is it within a thriving local property market?
Is the land is to be of good build quality?
Please quote reference INV36 when enquiring about this piece of land.