GUIDE FOR LANDOWNERS TO UK PRICES FOR LAND
HOW MUCH IS MY LAND WORTH FOR HOUSING DEVELOPMENT ?
This Guide for prices of housing land / residential development land (with planning permission) is split into 3 areas :
1) Some historic regional actual prices paid for land with permission for residential development - note that these are actual deals with the sold prices published in the Land Registry and the acreage quoted is the total acreage (gross acreage) not the actual developed area (net acreage) :
6.5 acres with 43 homes in Kent - 2018 - £3.2M (equates to £492,307 per acre)
35 acres with 300 homes in Suffolk - 2022 - £20M (equates to £577,000 per acre)
170 acres with 1200 homes in Cheshire - 2023 - £112M (equates to £658,823 per acre)
15 acres with 170 homes in Oxfordshire - 2017 - £21M (equates to £1,400,000 per acre)
18 acres with 110 homes in Essex - 2018 - £9M (equates to £1,125,000 per acre)
1 acre with 15 homes in Berkshire - 2022 - £3M (equates to £3,000,000 per acre)
24 acres with 240 homes in Surrey - 2022 - £50M (equates to £2,083,000 per acre)
0.75 acres with 30 apartments next to the River Thames, Chiswick, London - 2018 - £33M (!)
3.5 acres with 26 new affordable homes in Yorkshire - 2023 - £1M
0.2 acre plot for a large detached house (garden development) - Surrey - 2024 - £500,000
4 acre site near Kidderminster, Worcestershire in 2023 - £6M
2) Prices extracted from the last 2019 Valuation Office Agency (VoA) report on residential land prices :
PLEASE NOTE THAT 1 HECTARE = 2.471 ACRES, SO DIVIDE THE HECTARE FIGURES BELOW BY 2.471 TO GET A PRICE PER ACRE (For the number of houses you can theoretically develop on your site use the 'gross' acreage (i.e. ALL your land) and do the following calculation : Acres of land in your site x 0.7 x 15 = Number of houses that can be developed, not including flats/apartments).
Currently (2024) UK planning laws say that you can potentially develop up to 9 dwellings without affordable housing. Any more than that and you will normally have to ensuire there are between 30% to 40%+ affordable houses on the site. In theory, housebuilders will tell you that affordable homes make no profit for them. However, having worked for Bovis (now Vistry Homes), Taylor Wimpey and Avant Homes (previously Gladedale), plus working closely with land promoters and regional housebuilders, I have to say this argument is holds less water now as the UK pushes for more affordable housing and more importantly, the type (and profitability) of rental, social and affordable housing change over time.
Note that Lloyds Bank (who have a specialist rental arm called Citra securing up to 50,000 rental homes) have recently been boasting about spending £17 Billion (yes billion) on social housing since 2018. There is now a lot more money in the social housing sector than there was a few years ago.
Just think of 'Build to Rent'; 'Buy to let'; 'Private rented sector'; 'Equity Loan'; 'Shared Ownership' . With Lloyds together with the likes of Legal & General 'Rental Living' as well as a host of US rental investment companies entering the market, this will no doubt help to increase the value of the 'affordable housing' element and therefore help the final value of land prices for landowners when they are selling land with planning permission for housing.
Local Authority (these are prices (£) per hectare - for a price (£) per acre divide the price by 2.471 to get price per acre).
Amber Valley £550,000
Ashfield £400,000
Bassetlaw £680,000
Blaby £2,150,000
Bolsover £370,000
Boston £500,000
Broxtowe £1,200,000
Charnwood £1,370,000
Chesterfield £970,000
Corby £620,000
Daventry £1,880,000
Derby £1,000,000
Derbyshire Dales £2,100,000
East Northamptonshire £1,100,000
Erewash £370,000
Gedling £550,000
Harborough £2,650,000
High Peak £1,100,000
Hinckley and Bosworth £1,530,000
Kettering £1,350,000
Leicester £1,460,000
Lincoln £1,200,000
Mansfield £1,100,000
Melton £950,000
Newark and Sherwood £1,130,000
North East Derbyshire £670,000
North West Leicestershire £1,230,000
Northampton £2,040,000
Nottingham £1,200,000
Oadby and Wigston £1,710,000
Rushcliffe £1,700,000
Rutland £2,000,000
South Derbyshire £1,000,000
South Holland £450,000
South Kesteven £920,000
South Northamptonshire £2,850,000
Wellingborough £1,700,000
Birmingham £1,700,000
Bromsgrove £2,850,000
Cannock Chase £1,140,000
Coventry £1,810,000
Dudley £1,900,000
East Staffordshire £1,800,000
Herefordshire £2,300,000
Lichfield £2,650,000
Malvern Hills £1,800,000
Newcastle-under-Lyme £1,000,000
North Warwickshire £1,700,000
Nuneaton and Bedworth £1,370,000
Redditch £2,450,000
Rugby £2,250,000
Sandwell £1,770,000
Shropshire £1,500,000
Solihull £4,270,000
South Staffordshire £2,340,000
Stafford £1,600,000
Staffordshire Moorlands £780,000
Stoke-on-Trent £820,000
Stratford-on-Avon £4,130,000
Tamworth £2,100,000
Telford and Wrekin £1,230,000
Walsall £1,110,000
Warwick £3,850,000
Wolverhampton £1,165,000
Worcester £2,650,000
Wychavon £2,230,000
Wyre Forest £1,450,000
Babergh £2,330,000
Basildon £4,000,000
Bedford £3,190,000
Braintree £3,785,000
Breckland £1,870,000
Brentwood £7,000,000
Broadland £2,120,000
Broxbourne £5,000,000
Cambridge £6,250,000
Castle Point £3,850,000
Central Bedfordshire £3,700,000
Chelmsford £5,160,000
Colchester £2,475,000
Dacorum £7,000,000
East Cambridgeshire £2,300,000
East Hertfordshire £7,550,000
East Lindsey £800,000
Epping Forest £7,600,000
Fenland £370,000
West Suffolk £1,700,000
Great Yarmouth £1,100,000
Harlow £4,500,000
Hertsmere £7,100,000
Huntingdonshire £2,700,000
Ipswich £2,350,000
King's Lynn and West Norfolk £1,150,000
Luton £3,060,000
Maldon £3,790,000
Mid Suffolk £2,100,000
North Hertfordshire £6,100,000
North Kesteven £850,000
North Norfolk £2,460,000
Norwich £2,400,000
Peterborough £1,600,000
Rochford £4,300,000
South Cambridgeshire £5,390,000
South Norfolk £2,250,000
Southend-on-Sea £3,650,000
St Albans £8,900,000
St. Edmundsbury £3,300,000
Stevenage £4,200,000
East Suffolk £2,150,000
Tendring £1,750,000
Three Rivers £6,900,000
Thurrock £3,510,000
Uttlesford £4,580,000
Watford £6,800,000
Waveney (now merged with East Suffolk) £1,150,000
Welwyn Hatfield £6,050,000
West Lindsey £370,000
Barnsley £760,000
Bradford £700,000
Calderdale £1,140,000
Craven £2,050,000
Doncaster £750,000
East Riding of Yorkshire £1,945,000
Hambleton £2,150,000
Harrogate £2,940,000
Hull £550,000
Leeds £2,150,000
Lincolnshire £750,000
Lincolnshire £370,000
Richmond £1,680,000
Rotherham £900,000
Ryedale £1,800,000
Scarborough £1,570,000
Selby £1,000,000
Sheffield £870,000
Wakefield £1,200,000
York £2,750,000
Darlington £640,000
County Durham £700,000
Gateshead £720,000
Hartlepool £615,000
Middlesbrough £600,000
Newcastle upon Tyne £850,000
Tyneside £1,150,000
Northumberland £650,000
Redcar and Cleveland £400,000
South Tyneside £400,000
Stockton-on-Tees £600,000
Sunderland £600,000
West Allerdale £370,000
Barrow-in-Furness £1,100,000
Blackburn with Darwen £450,000
Blackpool £1,120,000
Bolton £1,110,000
Burnley £370,000
Bury £1,380,000
Carlisle £370,000
Cheshire East £1,300,000
Chester £2,760,000
Chorley £1,245,000
Copeland £370,000
Eden £1,430,000
Fylde £1,700,000
Halton £1,830,000
Hyndburn £1,100,000
Knowsley £870,000
Lancaster £1,650,000
Liverpool £815,000
Manchester £2,130,000
Oldham £850,000
WestPendle £710,000
Preston £1,175,000
Ribble Valley £1,770,000
Rochdale £900,000
Rossendale £1,160,000
Salford £1,500,000
Sefton £1,450,481
South Lakeland £1,750,000
South Ribble £1,250,000
St. Helens £1,120,000
Stockport £2,400,000
Tameside £1,950,000
Trafford £2,240,000
Warrington £1,400,000
West Lancashire £1,390,000
Wigan £900,000
Wirral £1,170,000
Wyre £1,500,000
Adur £4,100,000
Arun £3,350,000
Ashford £2,510,000
Aylesbury Vale £3,450,000
Basingstoke and Deane £2,900,000
Bracknell Forest £5,100,000
Brighton and Hove £7,160,000
Canterbury £5,450,000
Cherwell £4,100,000
Chichester £4,800,000
Chiltern £8,210,000
Crawley £4,840,000
Dartford £4,100,000
Dover £2,350,000
East Hampshire £6,000,000
Eastbourne £3,750,000
Eastleigh £3,800,000
Elmbridge £9,280,000
Epsom and Ewell £7,350,000
Fareham £3,725,000
Gosport £1,820,000
Gravesham £3,850,000
Guildford £7,625,000
Hart £5,730,000
Hastings £2,360,000
Havant £3,910,000
Horsham £5,330,000
Isle of Wight £1,600,000
Lewes £4,450,000
Maidstone £2,800,000
Medway £3,370,000
Mid Sussex £5,150,000
Milton Keynes £3,050,000
Mole Valley £7,200,000
New Forest £5,750,000
Oxford £5,090,000
Portsmouth £3,000,000
Reading £4,800,000
Reigate and Banstead £6,500,000
EastRother £2,950,000
Runnymede £7,780,000
Rushmoor £4,300,000
Sevenoaks £8,300,000
Folkestone and Hythe £2,270,000
Slough £5,450,000
South Bucks £6,150,000
South Oxfordshire £5,630,000
Southampton £2,700,000
Spelthorne £6,000,000
Surrey Heath £5,800,000
Swale £3,280,000
Tandridge £6,100,000
Test Valley £2,550,000
Thanet £2,850,000
Tonbridge and Malling £4,250,000
Tunbridge Wells £4,700,000
Vale of White Horse £3,930,000
Waverley £6,200,000
Wealden £4,380,000
West Berkshire £4,250,000
West Oxfordshire £3,070,000
Winchester £6,070,000
Windsor and Maidenhead £7,050,000
Woking £6,850,000
Wokingham £5,370,000
Worthing £4,500,000
Wycombe £5,540,000
Bath and North East Somerset £3,000,000
Bournemouth £3,400,000
Bristol £3,250,000
Cheltenham £3,380,000
Christchurch £4,500,000
Cornwall £1,995,000
Cotswold £3,750,000
East Devon £2,510,000
East Dorset £3,450,000
Exeter £2,900,000
Forest of Dean £850,000
Gloucester £2,300,000
Isles of Scilly £3,480,000
Mendip £1,650,000
Mid Devon £2,050,000
Devon £1,770,000
North Dorset £2,200,000
North Somerset £2,310,000
Plymouth £1,600,000
Poole £3,400,000
Purbeck £3,820,000
Sedgemoor £1,600,000
Gloucestershire £2,900,000
South Hams £2,170,000
South Somerset £1,800,000
Stroud £2,350,000
Swindon £2,000,000
Taunton Deane £1,800,000
Teignbridge £2,000,000
Tewkesbury £2,130,000
Torbay £1,500,000
Torridge £1,490,000
Devon £3,100,000
Dorset£2,900,000
Somerset £2,350,000
Weymouth and Portland £2,200,000
Wiltshire £1,920,000
LondonBarking and Dagenham £8,110,000
LondonBarnet £14,520,000
LondonBexley £7,640,000
LondonBrent £24,080,000
LondonBromley London £12,860,000
LondonCamden £74,020,000
LondonCity of London £128,050,000
London Croydon £12,315,000
London Ealing £21,310,000
London Enfield £11,220,000
London Greenwich £20,400,000
London Hackney £39,690,000
London Hammersmith & Fulham £56,455,000
London Haringey £24,310,000
London Harrow £14,540,000
London Havering £7,610,000
London Hillingdon £11,650,000
London Hounslow £16,365,000
London Islington £53,025,000
London Kensington & Chelsea £161,475,000
London Kingston upon Thames £21,235,000
London Lambeth £36,295,000
London Lewisham £32,800,000
London Merton £21,465,000
London Newham £19,530,000
London Redbridge £11,800,000
London Richmond upon Thames £24,600,000
London Southwark £38,670,000
London Sutton £10,980,000
London Tower Hamlets £39,885,000
London Waltham Forest £16,000,000
London Wandsworth £44,575,000
London Westminster £135,715,000
3. Regional Values for land with planning for housing (please note these figures are for general guidance only and figures are for the 'net' developed area (i.e. about 70% of your land - the other 30% is used for roads, gardens and open space) [2024 prices].
Smaller sites will generally develop slightly higher prices per acre than larger sites due to economies of scale and simply the way the housebuilding business works.
South-East England (Home Counties and outside London) Residential Land Values - expect between £1.25M per acre to as much as £3M per acre in the most desirable areas (Surrey, Berkshire, Hertforshire, Essex and most Home Counties).
Midlands Residential Land Values - expect between £500,000 per acre to as much as £1M to £1.5M per acre, higher in expensive areas - e.g. Solihull, Cheltenham or Oxford where he values could be closer to £2M+. Wolverhampton or Dudley perhaps towards £300,000 to £400,000 per acre.
South-West Residential Land Values - again this region can vary (Chard in Somerset saw a 100%+ increase in property prices in one year in 2023-24, purely due to second home/tourism demand and this directly affects land values) so could be as little as £300,000 to £400,000 in remote areas but easily towards £3M an acre around high-end parts of Bournemouth/Poole. Across the region expect an average of easily £750,000 to £1.25M per acre in most good value areas such as Bristol and Bath.
North and Yorkshire Residential Land Values - prices of around £400,000 to £500,000 per acre to £1M+ in areas like Richmond, Harrogate, York and attractive rural towns easily possible.
North East / North West Residential Land Values - expect very good £1M to £2M prices in good parts of Cheshire and 'hot' areas like the Lake District and Lytham St Annes. Elsewhere you could be looking at as little as £300,000/£400,000 per acre but generally across the region easily £600,000 to £900,000 per acre.
Scotland Residential Land Values - There are some very high prices in upmarket areas of Edinburgh and (depending upon the economics of the oil / offshore industry) in parts of Aberdeen as well. Between £300,000 to as much as £1M achievable, dependent upon location and setting.
Northern Ireland Residential Land Values - With the renewal of the adjacent Irish (Ireland) 'Tiger Economy', the low taxes there can create some eye-watering prices for residential land and consequently the values in some Northern Irish cities and favourable locations can also be high. Landsite does not profess to know the Northern Irish market intimately.
Some useful guides (for smaller sites) here - https://www.propertypal.com/land-for-sale/northern-ireland.
Larger sites here : https://lisney.com/belfast/property/commercial/development-land/.
IMPORTANT NOTE : Information provided on these pages is for general guidance only and cannot be legally relied upon at a later date. You should take some care relying absolutely on the VoA 2019 figures in (2) as they are on the whole a little high compared with real-life published land title figures and of course are now some 5 years out of date (however, in those 5 years land prices have risen and they may actually be closer to where land prices were in later 2022 than in 2019). Always seek the professional advice of a land agent, lawyer or property expert for accurate, up to the minute values for UK residential land.
HOW MUCH IS MY LAND WORTH FOR HOUSING DEVELOPMENT ?
This Guide for prices of housing land / residential development land (with planning permission) is split into 3 areas :
1) Some historic regional actual prices paid for land with permission for residential development - note that these are actual deals with the sold prices published in the Land Registry and the acreage quoted is the total acreage (gross acreage) not the actual developed area (net acreage) :
6.5 acres with 43 homes in Kent - 2018 - £3.2M (equates to £492,307 per acre)
35 acres with 300 homes in Suffolk - 2022 - £20M (equates to £577,000 per acre)
170 acres with 1200 homes in Cheshire - 2023 - £112M (equates to £658,823 per acre)
15 acres with 170 homes in Oxfordshire - 2017 - £21M (equates to £1,400,000 per acre)
18 acres with 110 homes in Essex - 2018 - £9M (equates to £1,125,000 per acre)
1 acre with 15 homes in Berkshire - 2022 - £3M (equates to £3,000,000 per acre)
24 acres with 240 homes in Surrey - 2022 - £50M (equates to £2,083,000 per acre)
0.75 acres with 30 apartments next to the River Thames, Chiswick, London - 2018 - £33M (!)
3.5 acres with 26 new affordable homes in Yorkshire - 2023 - £1M
0.2 acre plot for a large detached house (garden development) - Surrey - 2024 - £500,000
4 acre site near Kidderminster, Worcestershire in 2023 - £6M
2) Prices extracted from the last 2019 Valuation Office Agency (VoA) report on residential land prices :
PLEASE NOTE THAT 1 HECTARE = 2.471 ACRES, SO DIVIDE THE HECTARE FIGURES BELOW BY 2.471 TO GET A PRICE PER ACRE (For the number of houses you can theoretically develop on your site use the 'gross' acreage (i.e. ALL your land) and do the following calculation : Acres of land in your site x 0.7 x 15 = Number of houses that can be developed, not including flats/apartments).
Currently (2024) UK planning laws say that you can potentially develop up to 9 dwellings without affordable housing. Any more than that and you will normally have to ensuire there are between 30% to 40%+ affordable houses on the site. In theory, housebuilders will tell you that affordable homes make no profit for them. However, having worked for Bovis (now Vistry Homes), Taylor Wimpey and Avant Homes (previously Gladedale), plus working closely with land promoters and regional housebuilders, I have to say this argument is holds less water now as the UK pushes for more affordable housing and more importantly, the type (and profitability) of rental, social and affordable housing change over time.
Note that Lloyds Bank (who have a specialist rental arm called Citra securing up to 50,000 rental homes) have recently been boasting about spending £17 Billion (yes billion) on social housing since 2018. There is now a lot more money in the social housing sector than there was a few years ago.
Just think of 'Build to Rent'; 'Buy to let'; 'Private rented sector'; 'Equity Loan'; 'Shared Ownership' . With Lloyds together with the likes of Legal & General 'Rental Living' as well as a host of US rental investment companies entering the market, this will no doubt help to increase the value of the 'affordable housing' element and therefore help the final value of land prices for landowners when they are selling land with planning permission for housing.
Local Authority (these are prices (£) per hectare - for a price (£) per acre divide the price by 2.471 to get price per acre).
Amber Valley £550,000
Ashfield £400,000
Bassetlaw £680,000
Blaby £2,150,000
Bolsover £370,000
Boston £500,000
Broxtowe £1,200,000
Charnwood £1,370,000
Chesterfield £970,000
Corby £620,000
Daventry £1,880,000
Derby £1,000,000
Derbyshire Dales £2,100,000
East Northamptonshire £1,100,000
Erewash £370,000
Gedling £550,000
Harborough £2,650,000
High Peak £1,100,000
Hinckley and Bosworth £1,530,000
Kettering £1,350,000
Leicester £1,460,000
Lincoln £1,200,000
Mansfield £1,100,000
Melton £950,000
Newark and Sherwood £1,130,000
North East Derbyshire £670,000
North West Leicestershire £1,230,000
Northampton £2,040,000
Nottingham £1,200,000
Oadby and Wigston £1,710,000
Rushcliffe £1,700,000
Rutland £2,000,000
South Derbyshire £1,000,000
South Holland £450,000
South Kesteven £920,000
South Northamptonshire £2,850,000
Wellingborough £1,700,000
Birmingham £1,700,000
Bromsgrove £2,850,000
Cannock Chase £1,140,000
Coventry £1,810,000
Dudley £1,900,000
East Staffordshire £1,800,000
Herefordshire £2,300,000
Lichfield £2,650,000
Malvern Hills £1,800,000
Newcastle-under-Lyme £1,000,000
North Warwickshire £1,700,000
Nuneaton and Bedworth £1,370,000
Redditch £2,450,000
Rugby £2,250,000
Sandwell £1,770,000
Shropshire £1,500,000
Solihull £4,270,000
South Staffordshire £2,340,000
Stafford £1,600,000
Staffordshire Moorlands £780,000
Stoke-on-Trent £820,000
Stratford-on-Avon £4,130,000
Tamworth £2,100,000
Telford and Wrekin £1,230,000
Walsall £1,110,000
Warwick £3,850,000
Wolverhampton £1,165,000
Worcester £2,650,000
Wychavon £2,230,000
Wyre Forest £1,450,000
Babergh £2,330,000
Basildon £4,000,000
Bedford £3,190,000
Braintree £3,785,000
Breckland £1,870,000
Brentwood £7,000,000
Broadland £2,120,000
Broxbourne £5,000,000
Cambridge £6,250,000
Castle Point £3,850,000
Central Bedfordshire £3,700,000
Chelmsford £5,160,000
Colchester £2,475,000
Dacorum £7,000,000
East Cambridgeshire £2,300,000
East Hertfordshire £7,550,000
East Lindsey £800,000
Epping Forest £7,600,000
Fenland £370,000
West Suffolk £1,700,000
Great Yarmouth £1,100,000
Harlow £4,500,000
Hertsmere £7,100,000
Huntingdonshire £2,700,000
Ipswich £2,350,000
King's Lynn and West Norfolk £1,150,000
Luton £3,060,000
Maldon £3,790,000
Mid Suffolk £2,100,000
North Hertfordshire £6,100,000
North Kesteven £850,000
North Norfolk £2,460,000
Norwich £2,400,000
Peterborough £1,600,000
Rochford £4,300,000
South Cambridgeshire £5,390,000
South Norfolk £2,250,000
Southend-on-Sea £3,650,000
St Albans £8,900,000
St. Edmundsbury £3,300,000
Stevenage £4,200,000
East Suffolk £2,150,000
Tendring £1,750,000
Three Rivers £6,900,000
Thurrock £3,510,000
Uttlesford £4,580,000
Watford £6,800,000
Waveney (now merged with East Suffolk) £1,150,000
Welwyn Hatfield £6,050,000
West Lindsey £370,000
Barnsley £760,000
Bradford £700,000
Calderdale £1,140,000
Craven £2,050,000
Doncaster £750,000
East Riding of Yorkshire £1,945,000
Hambleton £2,150,000
Harrogate £2,940,000
Hull £550,000
Leeds £2,150,000
Lincolnshire £750,000
Lincolnshire £370,000
Richmond £1,680,000
Rotherham £900,000
Ryedale £1,800,000
Scarborough £1,570,000
Selby £1,000,000
Sheffield £870,000
Wakefield £1,200,000
York £2,750,000
Darlington £640,000
County Durham £700,000
Gateshead £720,000
Hartlepool £615,000
Middlesbrough £600,000
Newcastle upon Tyne £850,000
Tyneside £1,150,000
Northumberland £650,000
Redcar and Cleveland £400,000
South Tyneside £400,000
Stockton-on-Tees £600,000
Sunderland £600,000
West Allerdale £370,000
Barrow-in-Furness £1,100,000
Blackburn with Darwen £450,000
Blackpool £1,120,000
Bolton £1,110,000
Burnley £370,000
Bury £1,380,000
Carlisle £370,000
Cheshire East £1,300,000
Chester £2,760,000
Chorley £1,245,000
Copeland £370,000
Eden £1,430,000
Fylde £1,700,000
Halton £1,830,000
Hyndburn £1,100,000
Knowsley £870,000
Lancaster £1,650,000
Liverpool £815,000
Manchester £2,130,000
Oldham £850,000
WestPendle £710,000
Preston £1,175,000
Ribble Valley £1,770,000
Rochdale £900,000
Rossendale £1,160,000
Salford £1,500,000
Sefton £1,450,481
South Lakeland £1,750,000
South Ribble £1,250,000
St. Helens £1,120,000
Stockport £2,400,000
Tameside £1,950,000
Trafford £2,240,000
Warrington £1,400,000
West Lancashire £1,390,000
Wigan £900,000
Wirral £1,170,000
Wyre £1,500,000
Adur £4,100,000
Arun £3,350,000
Ashford £2,510,000
Aylesbury Vale £3,450,000
Basingstoke and Deane £2,900,000
Bracknell Forest £5,100,000
Brighton and Hove £7,160,000
Canterbury £5,450,000
Cherwell £4,100,000
Chichester £4,800,000
Chiltern £8,210,000
Crawley £4,840,000
Dartford £4,100,000
Dover £2,350,000
East Hampshire £6,000,000
Eastbourne £3,750,000
Eastleigh £3,800,000
Elmbridge £9,280,000
Epsom and Ewell £7,350,000
Fareham £3,725,000
Gosport £1,820,000
Gravesham £3,850,000
Guildford £7,625,000
Hart £5,730,000
Hastings £2,360,000
Havant £3,910,000
Horsham £5,330,000
Isle of Wight £1,600,000
Lewes £4,450,000
Maidstone £2,800,000
Medway £3,370,000
Mid Sussex £5,150,000
Milton Keynes £3,050,000
Mole Valley £7,200,000
New Forest £5,750,000
Oxford £5,090,000
Portsmouth £3,000,000
Reading £4,800,000
Reigate and Banstead £6,500,000
EastRother £2,950,000
Runnymede £7,780,000
Rushmoor £4,300,000
Sevenoaks £8,300,000
Folkestone and Hythe £2,270,000
Slough £5,450,000
South Bucks £6,150,000
South Oxfordshire £5,630,000
Southampton £2,700,000
Spelthorne £6,000,000
Surrey Heath £5,800,000
Swale £3,280,000
Tandridge £6,100,000
Test Valley £2,550,000
Thanet £2,850,000
Tonbridge and Malling £4,250,000
Tunbridge Wells £4,700,000
Vale of White Horse £3,930,000
Waverley £6,200,000
Wealden £4,380,000
West Berkshire £4,250,000
West Oxfordshire £3,070,000
Winchester £6,070,000
Windsor and Maidenhead £7,050,000
Woking £6,850,000
Wokingham £5,370,000
Worthing £4,500,000
Wycombe £5,540,000
Bath and North East Somerset £3,000,000
Bournemouth £3,400,000
Bristol £3,250,000
Cheltenham £3,380,000
Christchurch £4,500,000
Cornwall £1,995,000
Cotswold £3,750,000
East Devon £2,510,000
East Dorset £3,450,000
Exeter £2,900,000
Forest of Dean £850,000
Gloucester £2,300,000
Isles of Scilly £3,480,000
Mendip £1,650,000
Mid Devon £2,050,000
Devon £1,770,000
North Dorset £2,200,000
North Somerset £2,310,000
Plymouth £1,600,000
Poole £3,400,000
Purbeck £3,820,000
Sedgemoor £1,600,000
Gloucestershire £2,900,000
South Hams £2,170,000
South Somerset £1,800,000
Stroud £2,350,000
Swindon £2,000,000
Taunton Deane £1,800,000
Teignbridge £2,000,000
Tewkesbury £2,130,000
Torbay £1,500,000
Torridge £1,490,000
Devon £3,100,000
Dorset£2,900,000
Somerset £2,350,000
Weymouth and Portland £2,200,000
Wiltshire £1,920,000
LondonBarking and Dagenham £8,110,000
LondonBarnet £14,520,000
LondonBexley £7,640,000
LondonBrent £24,080,000
LondonBromley London £12,860,000
LondonCamden £74,020,000
LondonCity of London £128,050,000
London Croydon £12,315,000
London Ealing £21,310,000
London Enfield £11,220,000
London Greenwich £20,400,000
London Hackney £39,690,000
London Hammersmith & Fulham £56,455,000
London Haringey £24,310,000
London Harrow £14,540,000
London Havering £7,610,000
London Hillingdon £11,650,000
London Hounslow £16,365,000
London Islington £53,025,000
London Kensington & Chelsea £161,475,000
London Kingston upon Thames £21,235,000
London Lambeth £36,295,000
London Lewisham £32,800,000
London Merton £21,465,000
London Newham £19,530,000
London Redbridge £11,800,000
London Richmond upon Thames £24,600,000
London Southwark £38,670,000
London Sutton £10,980,000
London Tower Hamlets £39,885,000
London Waltham Forest £16,000,000
London Wandsworth £44,575,000
London Westminster £135,715,000
3. Regional Values for land with planning for housing (please note these figures are for general guidance only and figures are for the 'net' developed area (i.e. about 70% of your land - the other 30% is used for roads, gardens and open space) [2024 prices].
Smaller sites will generally develop slightly higher prices per acre than larger sites due to economies of scale and simply the way the housebuilding business works.
South-East England (Home Counties and outside London) Residential Land Values - expect between £1.25M per acre to as much as £3M per acre in the most desirable areas (Surrey, Berkshire, Hertforshire, Essex and most Home Counties).
Midlands Residential Land Values - expect between £500,000 per acre to as much as £1M to £1.5M per acre, higher in expensive areas - e.g. Solihull, Cheltenham or Oxford where he values could be closer to £2M+. Wolverhampton or Dudley perhaps towards £300,000 to £400,000 per acre.
South-West Residential Land Values - again this region can vary (Chard in Somerset saw a 100%+ increase in property prices in one year in 2023-24, purely due to second home/tourism demand and this directly affects land values) so could be as little as £300,000 to £400,000 in remote areas but easily towards £3M an acre around high-end parts of Bournemouth/Poole. Across the region expect an average of easily £750,000 to £1.25M per acre in most good value areas such as Bristol and Bath.
North and Yorkshire Residential Land Values - prices of around £400,000 to £500,000 per acre to £1M+ in areas like Richmond, Harrogate, York and attractive rural towns easily possible.
North East / North West Residential Land Values - expect very good £1M to £2M prices in good parts of Cheshire and 'hot' areas like the Lake District and Lytham St Annes. Elsewhere you could be looking at as little as £300,000/£400,000 per acre but generally across the region easily £600,000 to £900,000 per acre.
Scotland Residential Land Values - There are some very high prices in upmarket areas of Edinburgh and (depending upon the economics of the oil / offshore industry) in parts of Aberdeen as well. Between £300,000 to as much as £1M achievable, dependent upon location and setting.
Northern Ireland Residential Land Values - With the renewal of the adjacent Irish (Ireland) 'Tiger Economy', the low taxes there can create some eye-watering prices for residential land and consequently the values in some Northern Irish cities and favourable locations can also be high. Landsite does not profess to know the Northern Irish market intimately.
Some useful guides (for smaller sites) here - https://www.propertypal.com/land-for-sale/northern-ireland.
Larger sites here : https://lisney.com/belfast/property/commercial/development-land/.
IMPORTANT NOTE : Information provided on these pages is for general guidance only and cannot be legally relied upon at a later date. You should take some care relying absolutely on the VoA 2019 figures in (2) as they are on the whole a little high compared with real-life published land title figures and of course are now some 5 years out of date (however, in those 5 years land prices have risen and they may actually be closer to where land prices were in later 2022 than in 2019). Always seek the professional advice of a land agent, lawyer or property expert for accurate, up to the minute values for UK residential land.