Land plots for sale in London, United Kingdom
A land plot in London, England, UK, is one of the most profitable and stable forms of wealth augmentation. Although residential homes have become almost synonymous with real estate investments, they are not the only option available. Investing in empty lots is a wise strategic step that most experienced investors take to diversify their portfolios. It also allows you to achieve high returns with less risk. Therefore, buyers who are interested in real estate in London, should consider the possibility of acquiring land plots.
In some cases, it can take years to find a suitable site, especially for end users planning to build their dream home on it. Therefore, buyers need to be ready to reconsider their goals if their search is not progressing very smoothly. Flexibility combined with the ability to focus your time and energy on the search is a guarantee of success.
Here are some recommendations for choosing a good land plot for construction or for investment in London:
- Select an area. The capital of Great Britain is large. Therefore, the buyer should immediately reduce the search to a specific area.
- Explore the selected area. Explore the infrastructure of the selected area, ideally take a walk around its territory and inspect everything personally.
- Talk to the locals. Get to know the locals by introducing yourself as a potential buyer, and ask them about the pros and cons of the chosen area.
Prices for land plots
The prices for land plots, of course, is much lower than the cost of finished residential or commercial real estate. Current prices in euros and dollars are presented on the official website of «London Realestate». In the following table, you can get acquainted with the average cost of land plots and the factors that influence it:
|
Location |
Square (m2) |
Land plot features |
Average prices (pounds per month) |
|
Near South Hearts Golf Club, Totteridge Underground Station and Whetstone Shopping Mall |
790 |
It has permission to build a house with six bedrooms, six bathrooms, two garages and an extensive garden. The plot is adjacent to a protected green area. It offers a view of the golf course. |
3,2 million |
|
near Bostal Woods stations, near Abbey Wood, Plumstead, Woolwich and Bexleyheath stations |
4100 |
It has a construction permit for nine two-storey houses with three bedrooms and nine three-storey houses with four bedrooms. |
2 million |
|
Hendon Wood Lane |
604 |
It has a permit to build a separate house. |
1,6 million |
Investments in land plots in London
Among the main reasons to buy a land plot in London for investment and construction, the following factors should be highlighted:
- The opportunity to build a dream house. To date, this is the main incentive for the purchase of a plot. Buyers who make a choice in favor of land plots can give free rein to their creativity and imagination in the construction and design of a future home. Provided they comply with British zoning and building laws.
- Low cost. Land prices are much lower than prices for finished real estate. Therefore, many novice investors prefer to invest in empty lots and build a house later, when they have more savings.
- A variety of investment opportunities. To invest in a London land plot means to replenish your portfolio with an extremely attractive asset. Such an investment opens up a wide range of opportunities for the buyer. The buyer can build a new house as soon as he gets all the necessary permits, or leave the land vacant and then resell it at a higher price after a few years. An empty lot requires significantly less maintenance than a house, and although real estate tends to depreciate over time, land continues to rise in value.
- Rapid capital gains. From an investment point of view, the most attractive feature of buying a property is that it almost always pays off. In the case of a land plot, its cost depends on the surrounding infrastructure, which is suitable for a full and comfortable stay in most areas of London. It should also be taken into account the fact that the British capital enjoys great attention from developers who seize any opportunity to implement their projects on its territory. Over time, there is less and less available land here, so the cost of plots is rapidly increasing as the supply decreases.
- No need to wait between the purchase and registration of the property. Investing in under construction houses in London, people have to wait until they are fully completed to take possession. Depending on the construction stage at which the project is located, the final transfer may take a year or even more. With a land plot, there is practically no possibility of delay. Since the land does not require construction, buyers can instantly take ownership of their new asset.
Our assistance in buying a land plot in London
A wide range of residential and commercial real estate from reliable agencies, private sellers and construction companies in London is presented on the official website of «London Realestate». Due to a convenient search engine with many filters, users of the online platform can find suitable properties that meet all the necessary criteria. The «London Realestate» team includes only highly qualified specialists with many years of experience. Contact them to get help with the selection of real estate, support at all stages of the transaction and after-sales service.