Selling part of our garden, how much???

[sep1712]

Our garden is large for a mid-terrace. The neighbours have a walk way to there garden. They've asked to buy a square of our garden. How do we work a price out?

bump, has anyone got any suggestions??

You can get a surveyor to value it but you will have to pay a fee - or rather, ask your neighbours to pay. That's what I used to do when valuing property that formed part of a deceased person's estate (am a solicitor and used to do probate years ago). It shouldn't be too expensive in terms of fees. I've had all sorts of random bits of land valued - including bits with no access to them and car parks!!! I would think when you go to a solicitor they might be able to recommend someone to you and advise generally about how to agree on a price (e.g. whether you each commission your own valuation and negotiate or just agree that a valuation from X will be the price they'll pay if they decide to go ahead).

Sept1712, how did they approach you? OUr neighbour has a double garden and I'd love to be able to buy a piece of her garden but she's 83 and I'm not sure how to approach her. She's friendly enough but we don't see that much of her and I feel a bit cheeky walking up to her front door and asking to buy a piece of her garden.

There doing an extention and we were talking about it and it went from there.
I didnt really want to get anyone else involved as just only 6x6 foot.

Is there a calculation that they use?

6x6 is tiny and you could be generous and just ask for some token for it - a case of good wine or some such if you want to be a good neighbour. The important thing is to make sure that it is all registered and that they will pay your fencing, solicitor and LR costs - you may well need a surveyor to draw up the new boundary so it might be worth seeing if there is one that does valuation at the same time but, tbh, if I had a large garden and 6x6 wasn't going to make much difference, I wouldn't ask much. Just make sure that they aren't going to put something on that spot that will irritate you - children's trampoline, noisy pump for hot tub or something.

Lala, I'd love to be able to give it to them but our garden is in a real state and would like to get it looking nice with the money.
Thanks for the advice re solicitors etc. I hadn't even thought of that.

Sep - you could see if there is any land for sale in your area then just work the price back pro-rata based on the size?

We were asked to buy some neighbour's land recently (via an estate agent) and were quoted £25000 for an acre of garden quality land...not sure how little of an acre 6 foot square is, but if you can do the maths

Have they got a figure in mind that they'd be prepared to pay? I guess its worth whatever they're prepared to pay AND you're prepared to accept!

Well, at £25000 an acre, I make it that a 6x6 square is worth slightly under £21!

There will be some costs for Land Registry too. Clearly it is worth more to them than it is to you so ask.