Garden land value in Banbury

[AgOlive]

I would like to buy some of my neighbour's garden to increase the size of our current garden (not for development). Can anyone advise me on how to find out the value of the land (per metre squared) please? It is the back garden of a residential street in Banbury, Oxfordshire, OX16 0TR. Thanks!

[redcrx]

the value will be what you want to pay and what the neighbour is will to accept.

[LoftyLottie]

To be honest with you AgOlive the value of it is very little, but your neighbour can sell it for what he likes and has the upper hand. There are no rules and regulations. It is strictly between you and your neighbour to come to an agreement.

[AgOlive]

ah - I see. I suppose I need to find out how it would affect the value of my property. Its very difficult to guess what sort of offer to make... I also have no idea how much the legal fees etc. would add up to to arrange it... ?

[sandyRoe]

Could you ask an estate agent what he thought the value of the land might be?

[LoftyLottie]

Yes you need to decide how much the land is worth to you, not just how it affects the value of your property, but also how much you are willing to pay for the better quality of life it might bring to you.

If you are friendly with your neighbour it will help if you can get together over a cuppa and discuss the issue. If your neighbour is happy to lose some of their garden and it doesn't make any difference to the value of their house, then hopefully you can come to an agreement.

Your neighbour and you might both want to have independent house valuations to find out what both properties are worth now and what they would be if the land were sold to you. A surveyor will charge though.

[LoftyLottie]

Sandy, an Estate Agent will say the same as Redcrx and myself. The land itself as garden land has little value. If AgOlive is willing to pay say £5,000 and the neighbour wants £10,000 there is little that can be done. It is strictly a matter between the neighbours, but obviously t here will be solicitors fees and new land registry fees as well.

[LoftyLottie]

Oh and if either house has a mortgage on it the mortgage lenders need to be asked for their permission before you can sell off any of the garden. This usually involves a survey and yet another charge.

[AgOlive]

Thanks for all your responses.... !

[LoftyLottie]

Hope you get your extra garden Ag.

[AlBags]

It's truly a personal agreement thing.
Not a bad area though .. I know it.
Some relatives used to live in Park Close, at the back end, with a rear gate into the park.
Al.