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aggi
I've been idly searching for my "retirement" home on Rightmove.
Bit of a different business; houses not in London - there is a more apparent separation between what you are paying for a chunk of land and what you are paying for the structure sitting on it.
Looking at places in this way has lead me to wonder if the structures sitting on the land are a bit over valued.
I found some info on line which suggests that you can build a reasonable quality house for about £900/sq m.
Assuming a decent size house is 200 sq m, that's £180k for building something.
Maybe £150k for a plot. £20k for services, architects etc.
So £380k for a new house which I get to specify. Seems to compare well to buying a shitty bungalow on a nice plot for around £350k, which seems to be what they are going for.
Is this all wildly off piste or sound reasonable? I have no idea other than what I've read on the internet.
Anyone done anything like this?