I have a parcel of land that could be developed. A neighbour can allow an access road across a small strip of his land. We need to negotiate a equitable way to split the value of the combined plot including the access.
I have heard suggestions that the access is worth from 10% to 30% of the combined site value.
In my case the access holder can make no other use of his access strip. Also, I do have an alternative route (entirely on my land) but it is less attractive to me.
Can uk.finance make any suggetsions?
Robert