To make a teeny tiny building plot offer more tasty?

[simplepimple]

I've viewed a small garden plot with outline planning permission for a tiny - 55 square feet - 2 bed bungalow in a cheapish area.

It's tricky working out completed value price as the other houses in the road are 3 bed semi's - there are 2 other bigger bungalows which have probably gone on previous garden plots.

I'll be managing contractors for the self build and probably stay there for a couple of years. I have limited finance but enough cash for the land and roughly 75% of the build with the idea of a small mortgage to finish off.

Over the weekend the estate agent tells me there has been a below asking price offer. Of course they're not going to give me any hints.

Any ideas as to an inspired next step?

Do you mean 55 square meters?

How on earth am I going to build a house when I can't even tell the difference between feet and metres...... it's a disaster waiting to happen!

You are right Mildura I do mean metres - I'm nowhere near small enough to squeeze into 55 square feet! (but the build would be cheap as chips)