Land Opportunities in Norwich and Norfolk
Land opportunities in Norwich and Norfolk
Although the price of land has undulated over the years, it’s always been seen as a good investment. Whether it’s for development or for agricultural use, putting your money in land can help you to weather financial storms and economic uncertainty.
If you already own land in Norfolk, working with a developer to make the most of the asset can help you to realise its true value. Alternatively, you can work to develop the land yourself and maximise your profits. Keep reading to find out more.
What is my land worth?
Before you start looking into development opportunities, you’ll probably want to get an idea of what your land is worth. A good way to do this is to look online at other plots of land for sale in Norfolk. This should give you an idea of the value of rural land and urban plots.
If the land you own is attached to your garden, it can be more difficult to estimate its value. In these cases, it’s probably easier to ask an estate agent to visit your property. They’ll be able to give you a good idea of what the land might be worth and how realistic a development opportunity might be.
Factors that affect land values
There are lots of factors that will impact the value of property for sale in Norwich and Norfolk. If the land is rural and there is no possibility of building on the plot, it will probably be worth less per square meter than land that’s located in an urban area or brownfield site. If you’re unsure if your land can be built on, we can advise on which commercial agents to talk to and how to get in touch with your local planning office.
Just like houses, land values are heavily influenced by location. Plots that are situated close to amenities, schools and transport links are likely to be worth more than those in a more rural setting. However, rural plots that are located in particularly beautiful areas can still hold a good value. This is because there are a lot of people looking for building opportunities in beauty spots.
How do I sell my land in Norfolk?
If you have land to develop in Norfolk, there are a number of ways to sell your plot. The quickest way is to put your land on the market as it is. However, if you want to get more for your plot, it’s a good idea to apply for planning permission before putting it up for sale. On average, a plot of land with planning permission is worth eight to ten times more than a plot without planning permission.
Another option we can help advise on, is to find a developer or agent to secure the planning permission for you. If permission is granted, they will then develop the site and you will receive a percentage of the profits.
Find out more about land opportunities in Norfolk and Norwich, and learn how we can help you make the most of your plot, by getting in touch with a member of our team today.