How Much Is Garden Land Worth per Square Metre UK?

How Much is Garden Land
Worth Per Square Metre UK?

Have you ever wondered what that extra bit of garden land is really worth? Whether you’re thinking of selling unused space, expanding your garden, or purchasing land to increase your property’s value, understanding how garden land is valued is crucial for making informed decisions. Let’s break down the factors, methods, and current market trends that influence the price of garden land in the UK.

What Defines Garden Land?

Garden land refers to an area associated with a residential property that can be sold separately. For homeowners, it can be an opportunity to turn unused space into financial gain. For buyers, garden land offers potential for property expansion, development, or investment. The value of garden land, however, depends on several factors, from location to usability.

Methods Used to Value Garden Land

Valuing garden land isn’t as simple as sticking a price tag on it. Several methods are used to determine its worth:

Sales Comparison Method

This is one of the most straightforward ways to assess garden land value. By comparing the plot to recently sold pieces of land in the area with similar characteristics, an estimate can be made. Adjustments are then applied for size, location, or unique features.

Income Method

If the land has the potential to generate income, such as through rental or commercial use, this method evaluates its worth based on projected earnings. This is particularly useful for buyers looking at the land as an investment.

Cost Method

This approach considers the cost of replacing or developing the land while factoring in depreciation. Although not commonly used for garden plots, it is useful for certain types of development projects.

Marriage Value Method

When garden land is sold to a neighbouring property owner, the value of both plots combined may increase. This additional value, known as the “marriage value,” is taken into account during valuation.

Key Factors Influencing Garden Land Value

Several factors determine the value of garden land, making every plot unique. Below are some of the most significant considerations:

Location - Location is a major driver of value. Garden land in urban areas, particularly those with excellent transport links, schools, and amenities, commands a higher price than rural or less accessible locations. For example, in London, garden land can fetch as much as £2,348 per square metre, compared to just £376 per square metre in Telford.
Size and Shape - While larger plots are generally more valuable, the shape and accessibility of the land also matter. Irregular or awkwardly shaped plots may reduce usability and, therefore, value.
Zoning and Development Potential - Land that comes with residential or commercial zoning permissions is significantly more valuable, particularly if pre-approved planning permissions are in place. Land without such permissions may be less appealing to potential buyers.
Topography and Condition - The slope, drainage, and soil quality of the land impact its value. Steeply inclined plots or those requiring significant preparation work may see lower demand.
Access - Plots with easy road access or proximity to public transport are more attractive and, therefore, more valuable. Conversely, land-locked plots or those with limited entry points often have reduced worth.
Legal Restrictions - Legal restrictions, such as restrictive covenants, can limit the use of the land, affecting its price. Clear ownership records are essential to secure buyer confidence.

How Much is Garden Land Worth Per Square Metre in 2024?

The average price of garden land in the UK is approximately £1,526 per square metre. However, this figure varies widely depending on location.

London: £2,348 per square metre
Telford: £376 per square metre

This regional disparity underlines the importance of understanding local market trends when valuing or purchasing garden land.

Steps for Valuing Garden Land

Hire a Professional

Engaging a local estate agent or chartered surveyor can provide an accurate valuation. Their expertise ensures that key factors, such as location and zoning permissions, are accounted for.

DIY Estimation

If professional services aren’t an option, you can estimate the value yourself:

Research recent land sales in your area.
Adjust the value for differences in size, location, and other features.
Use government resources for additional data.

While DIY valuation methods can offer a basic understanding, they often lack precision. Professional advice is recommended for accurate results.

Selling Garden Land: What to Know

Buying Garden Land: Tips for Success

Verify Land Condition: Inspect the soil, drainage, and overall condition to ensure suitability for your intended use.
Assess Accessibility: Ensure the plot has adequate access for your needs.
Review Legal Records: A solicitor can verify ownership and any restrictions tied to the land.

Taxes and Legal Considerations

Capital Gains Tax

Selling garden land may trigger capital gains tax. However, if the land falls within the private residence relief limit (typically 0.5 hectares), exemptions may apply.

Restrictive Covenants

Sellers sometimes impose restrictions on how the land can be used. Buyers should review these conditions carefully before proceeding with a purchase.

Increasing the Value of Your Garden Land

To attract buyers and command a better price, sellers can make improvements:

Install Utilities: Provide access to water, electricity, and other essentials.
Enhance Accessibility: Add or improve driveways and clear access points.
Secure Planning Permission: Development approvals can greatly boost market appeal.
Address Hazards: Remove debris and resolve drainage or soil issues.

Final Thoughts

Understanding the value of garden land can unlock opportunities for both sellers and buyers. By evaluating key factors, employing professional valuation methods, and staying informed about legal and market trends, you can confidently navigate the process and achieve your goals.

Whether you’re selling unused garden space or purchasing land for future projects, Aaron Robinson Landscape Gardeners are here to help you make the most of your outdoor spaces.