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Submit plansI have planning permission to build a house in our bottom garden.
I am trying to gather information to decide whether to undertake a self build or just sell the plot on.
My architect told me the plot should be worth 33% of the sale price but one builder who has visited the site indicated that 20% was a more accurate valuation.
Who is correct?
Valuing a plot by reference to the estimated sale price of the finished house is no more than a rough rule of thumb.
Both the figures you mention sound a bit suspect. 33% is often quoted as a ‘typical’ percentage, but good plots often sell for a higher figure.
20% sounds very low, as you might expect from a builder.
Talking to estate agents who sell plots from time to time is likely to give you a more reliable indication of the value of your site.
Mike Dade, Build It expert.