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The Natural Philosopher[_2_] The Natural Philosopher[_2_] is offline
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Default Valuation of a 'ransom strip'?

Roger Chapman wrote:
Doctor Drivel wrote:

"The Natural Philosopher" wrote in message

snip

I wanted to extend my drive a bit, and asked the landowner to sell me
a bit of field. HE wanted 17 grand for a 30 meter x 3 meter strip. I
let the matter drop. BUT it would have involved lawyers, contracts,
planning permission to go from agricultural to residential etc etc.


I bet his argricultural land was no more than £4,000 per acre.

Depends how long ago it was but at any time close to the present £4000
per acre would be well below average for good agricultural land.

http://www.voa.gov.uk/publications/p...quipped_vacant

It was about £4000 at the time, but round here the Arab stables are
gobbling up grazing at up to £6000..

My pint being that once its 'garden' its worth more like £100k an acre..