How to Value a Building Plot

Building plot for new home
(Image credit: Simon Maxwell)

Understanding how to work out the value of a plot is important for both buyers and vendors — neither party wants to be ripped off. Here we explain a simple way to assess how much a plot you may be selling or viewing is worth.

building plot gets its value from the value of the home that can be built upon it. If the site is being sold as a building plot, it should either already have outline or detailed planning permission. If it does not, it is important to check with the vendor to find out why planning hasn’t been achieved (or if you are the vendor explain why). Otherwise, it could be a signal that some other underlying factor may need addressing before the sale can proceed further.

David Snell

David is one of the UK's leading self build and plotfinding experts, and a serial self builder who has been building homes for 50 years. The author of Building Your Own Home, David spent decades as a speaker and expert at self build exhibitions such as the Homebuilding & Renovating Show. He has recently finished his fourteenth self build project.