Summary
There is a strong case for buying undeveloped land as an investment - in the hope that by gaining permission to develop the plot at some point, the value of the land increases significantly. So, what should you be looking for if you buy land? Ground conditions The soil type and degree of slope may require a large amount of work to create the foundations for building on. Your solicitor can check for you.
Land that is 'brownfield' could have been contaminated through use of chemicals, industrial pollution or infill. A sample should be tested. The plot How do you access the land? Does the access point cross land not belonging to you? Some vendors hold back a strip of land between the access point and your land known as a ransom strip. A solicitor will check this.See the full content of this document
Extract
Buying Land ; Property Matters
If the access is via a private drive you will be responsible for maintainin...
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