How much is a stone built outbuilding worth

[Triassic]

My next door neighbour has a stone built outbuilding in my garden. She has said she is willing to sell it to me, however she has no idea what it’s worth.

 

It’s 9 feet square (outside dimensions), stone built, with slate roof. Its was probably built around 150 years ago. It includes the land it’s stood on.

 

Thoughts how much it’s worth?

[Tony L]

 

The situation isn’t clear: it’s her building, but it’s in your garden.  How did that happen?  It sounds as though you already own it if it's in your garden. You don’t say how much land is included in the building’s sale.  I’m assuming this land is adjacent to your garden.  Does it share a boundary with any other properties?  Might other people want to buy it?

 

How much it’s worth entirely depends on who’d like to buy it & how much these prospective buyers are willing to pay. If it’s in your garden & you’re the only prospective buyer then it’s not worth very much (unless you have let slip that you want this building very much).  If the vendor might be selling their house any time in the next decade & the building might form part of that sale then that will make it worth more than “not very much”.

I’ve perhaps not been very helpful so far, but it may help you if I explain, I bought a strip of land (approx. 2m x 16m) to increase the size of my very small back garden.  This was worth a lot to me, because adding 2m to the length of my small garden has made a big difference.

 

I offered £5,000 for the strip of land to the developers that were building the neighbouring new build + I said I’d pay all the solicitors’ fees.  The developers said they’d spoken to the local estate agent (whom the developers & I both know & trust) & the agent said it was worth £10k.  I said, it probably is worth £10k, but nobody other than me will want to buy it & I only have £5k to spare, you’re not going to miss a tiny slice off your big back garden & it’s £5k straight onto the margin you’re making on the new build house, which you definitely will notice.  He agreed.  I did some drawings for my solicitor, who acted for both parties (£400 four years ago).  I think there was some small land registration fee to pay as well.  The developer built & paid for the new fence on the new boundary.  The entire process was very easy – certainly a lot easier than hiring a builder to complete some seemingly straight forward tasks.

 

Hope this helps.

[ProDave]

More likely the boundary has a dog leg that includes this building although it may look like it ought to be in your garden.

 

Assuming that is the case, it must have an entrance from the neighbours garden.  How would you access it if you bought it?

 

A picture or sketch would make the situation clear.

 

Do you want the building?  Or just the land it is standing on?  Why does the neighbour want to sell it?  as above it would be very hard to sell it to anyone else  so the open market valuation is meaningless.

[saveasteading]

2 hours ago, Triassic said:

outbuilding in my garden.

how does the neighbour access it, and what is its use.

[Triassic]

20 hours ago, saveasteading said:

how does the neighbour access it, and what is its use.

They come though a gate in the party garden fence and up the path. They don't use it.

[Triassic]

The shed dates back around 150 years. It's in my garden, you come though a gate in the fence and walk through the garden to get to the shed.

 

There's a whole 'flying freehold' vibe to our village. Our second bedroom is over next doors kitchen! Our neighbours garden is down a path through another garden. 

 

 

[Temp]

You could ask an estate agent what they think it adds to the value of your house. Although they will probably charge a fee.

 

Don't invite the neighbour to attend when they visit!

Edited March 19 by Temp