Garden size and house value

[Garden1212]

We have a large 3 bedroomed house with a small garden-think patch of grass-enough for the kids to have a little slide and swing.
Plus a decking area-big enough for table and 4 chairs.

I have been given the opportunity to buy some additional land at the bottom of my garden, which would make my garden 4+ times the size, changing my small garden to a large garden.

Does the size of a garden really increase the house value?

I'd love a bigger garden, but I'm not sure if its really worth the money as we only plan to stay here 3-5 years.

Depends how much it is but I would jump at the chance if I was in your situation.

Why don't you speak to an estate agent and get your house valued as it is and also with the extra land, then you can decide if the increase in value is worth it. Personally I would always go for a big garden, but estate agents should be able to give you an indication of what buyers in your area want.

How much are they offering it to you for? I don't know what the market is like where you are but where I am people like having a garden and many would not buy a house without one. If you were here it would be worth it unless they wanted a fortune for it. If you are in the centre of a city like London your house will sell no matter what size the garden

If it's not extortionate I would. A large garden provides lots of options to a prospective purchaser. THey could have a gardenroom / shed/ workshop/ storage.

I'm in Tyne and Wear.
House (when valued recently) was worth 100k, they want 10k for the land.

I have no idea of how much is normal to pay for garden land, so not sure if 10k is reasonable?

I’d buy it at that price.

Large 3 bed house for 100k!
I'm in SE and amazed at that valuation.
Anyway personally I think a family house needs a family size garden, if it's a large house with a small garden it will limit its appeal.
I would definitely go for it, however wisest to ask an estate agent re valuation before and after unless it's your forever home and you just want a larger garden for your own enjoyment.

Buy it and build a little house on it! You could make some cash!

That was my thought, that it was more fitting that a family sized house had a family sized garden

I would for £10,000 if I am could afford it but I think you should contact a local estate agent and ask their advice. Perhaps the estate agent who sold you the house.

I'm not sure it's worth it actually. The difference between a small and large garden is very rarely 10% of the total property price. Are there any others factors that make the land worth more - road access for example? Why is it being sold? Could anyone else use the land? If only you and no road access then it might only be worth a couple of thousand.

Its only accessible to myself, the gardens on either side, plus the gardens (3) at the other side of it.
So its no good to build on.

Is it likely that anyone else might buy the land if you don’t? I suspect they are pricing it high as it may be worth it to you but if it adds less than 10k to the value of your house/ isn’t worth it to you then negotiate.

Might be worth asking the neighbours to hear their thoughts. Are you all about the same garden / house price wise?

Would you ever want to extend? Might be an attractive option when you came to sell.
Definitely a good idea to talk to local agents.

House on either side are rented, so no idea who owns them.
Land owner was willing to sell me that area at the bottom of my garden, but he actually owns a bigger connected area, so potentially someone might want it all.

Sounds like getting in touch with an estate agent would be a good move

I'd definitely buy it. You get a better space for you & your dc to expand into (veg patch/man shed etc). Add space add value Kirsty Allsop used to say. Plus you stop someone else doing something up against your back fence that you don't like.

Grab it before someone knocks down the original property and sticks two or more on the plot, whose windows overlook you.

I'm in the NE too, I'd snatch their hands off for £10k.

I’d buy it and plonk a workspace/4th bedroom on it.

Yes 100%. It gives you scope for a summerhouse plus extending your house - the bigger your garden the more you can extend without needing planning

I'd do it for sure.

I’d definitely be taking professional advice re this. But my initial thought is he’ll yes!

The chance to quadruple the size of your garden is a great one. It gives you and future buyers a much larger outdoor space. Plus it gives you and future buyers space to extend the house (which will generally always add vale).

With that additional space to extend, you may even find that you could stay there longer than 3-5 years if you have the opportunity to create the extra space you need. No stamp duty, moving fees etc. I would be taking a very serious look at this opportunity.

Unless you can’t afford it yiu would be crazy not to buy at that price. Plus other posters are correct in that it gives you chance to extend your home or others to see that potential.