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Latest Data from The UK Government Valuation Office Agency (VOA):
Value of land for residential development, with planning permission, as at 1 July 2009
|
| Region |
1 Hectare |
Since 1983 |
| Inner & Outer London |
£5,355,000 |
705% |
| South East |
£2,370,000 |
861% |
| North East |
£1,320,000 |
1222% |
| North West & Merseyside |
£1,730,000 |
1362% |
| Yorkshire & The Humber |
£1,420,000 |
1314% |
| East Midlands |
£1,150,000 |
958% |
| West Midlands |
£1,650,000 |
1018% |
| Eastern |
£2,675,000 |
909% |
| South West |
£1,620,000 |
875% |
| Wales |
£1,400,000 |
1647% |
| Scotland |
£1,100,000 |
797% |
| Average |
£1,980,909 |
1061% |
|
Converting the data to estimate the value of a plot at Concorde Village at Hounslow:
If planning permission had been granted on 1st July 2009, a plot would have been worth approximately £19,190 - a rise of 341% from the retail price of £5,625. And this includes the drop in prices that have occurred in the last 12 months of global economic crisis.
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