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A-Z of Self Build Guides How To Find A Plot Of Land For Sale

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Date Published:
02/06/2008
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On occasion it is possible to buy small plots within or on the edges of much larger developments. If a developer is active in an area you are interested in give them a call.

Developers usually have large 'landbanks' - basically groups of plots to keep them busy through the next ten or twenty years. Sometimes they will pass on smaller pieces of land, probably acquired when developable land was scarce, and now not needed or seen as being difficult to maximise profits on.

In towns or cities keep an ear to the ground and an eye on the news. Where companies fold or industries enter troubled times opportunities may arise to redevelop. Popular at the moment are former petrol stations (though these will also be popular with bigger spending developers in affluent areas) or small manufacturing companies.

Of course local councils also have landbanks, which they will sporadically sell off for development, while train companies, water companies, gas and electric companies etc have all begun to realise the value of land bordering facilities or land left vacant after company restructuring.

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A way of getting land cheaper can be by buying it through auction. Again this might be land formally owned by a failed business and therefore placed in the hands of receivers. Ask locally about the frequency of auctions, and see specialist magazines or websites like www.buildingcentre.co.uk for news of upcoming events. As this method of acquiring land becomes better known you'll need to be decisive and have your finances in order.

If you are cash rich, time poor, and you don't mind paying, there are several companies which specialise in finding suitable plots for clients for a fee.

One example is Buildstore's Plotsearch. They offer a variety of subscription deals, which give you access to a database of almost six thousand plots, conversions & renovations all of which are verified to be genuine self build opportunities (not green belt or investment land).

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