I’m in the fortunate position of having my house and gardens (in 1.4 acres) being removed from the green belt and put within the settlement boundary on the outskirts of Bristol
A land agent has been approached and he’s suggested taking the house down and selling the land to a developer – he thinks that £125K would be the price they would pay per plot for 8 to 10 plots. Obviously I can do the sums re:existing value of my current property etc but I’m now thinking that it would be more profitable for me to maximise the size of this unexpected windfall by keeping the house, reducing it”s plot size to .4 of an acre and selling the remaining 1 acre as 4/5 individual plots for self builders.
Does anyone have experience of doing something similar to this and what sort of money would I get for each plot?
Any help/suggestions would be appreciated.