Buying part of nextdoors garden - Price advice please

If you have a friendly solicitor, fees both legal and statutory could be kept to a couple of hundred quid. The transfer is simple, and you dont realy need a contract if you are on good terms with your neighbour, you just get the solicitor to hold the money to order and release it when he completes the transfer.

In terms of the value. Is there any development potential on the land? if so the value could be significant, however, if it is realy just garden, you must look at the value difference it makes to the house.

It sounds like you must be on a new development, can you find if there are similar houses with different sized gardens, if so was there a price differential?

I dont know the value of your house or where abouts in the uk you are, so it is impossible to suggest a value. Make them an offer on the low side of what you think is reasonable (leave yourself a bit of room to increase your offer) and see what they say.

Hope this helps

Simon

Modern house and the strip of land is an access path between the houses, right? That means that the land has no real value or potential for any type of development, it just makes your plot around 1m wider.
In truth, if you had two houses in the street for sale, one with the additional metre width to the land on one side and one without, I would expect the house price to be the same. One might sell faster than the other, that's all. The land has no use except to either you or your neighbour (unless of course they plan on developing the old compound and use the path for access - which obviously they are not considering right now).
In order to make it worthwhile to them, you have to offer something to make them take notice and be bothered, but this isn't a reflection of the worth of the land, which is negligable. So offer them £2,000. That is massively expensive for unusable land, but to offer them the real value wouldn't be enough to interest them. As a guide, agricultural land is worth around £3,000/acre, so this otherwise useless strip in reality is worth around £75.

Thanks for the replies

The strip of land is actually 7.5m wide by over 20m deep and wou increase our enclosed garden size by over 50%, but due to the sewers under it, useless for development even for a garage

A builder friend knows someone who was charged £1k for a 100sq m of land by their local council making this trip about £1500. As you say though the offer has to be worth the vendors while

Wow, that's a big patch to add to a garden. I'd still go in at £2,000 but it certainly looks more worthwhile to you for the money.

About 7 years ago I paid £4k for roughly 1/4 acre of the adjoining field. A lot more than the agricultural value but put a buffer between the end of the house and the field and gave us off-road parking space for cars. I'm sure that it added way more than that to the value of teh property overall.

Regards,

Willy.

Almost forgot. Cost another £1k for a ride on mower.

Regards,

Willy.

I'm sold on it, I'll pay double that to have a legit excuse to get a ride-on mower....tee hee

A ride-on mower: