ABSTRACT

Land is very distinctive as an asset as its character comes from both its nature and its physical location. The nature or character of any individual parcel of land, farm will be the accumulation of a wide range of possible points of interest. The place of any parcel of land in the market will depend on its location. In the modern world that is only a function of its accessibility or otherwise, its position vis-a-vis neighbours and other such factors but also how it is affected by official designations. While that may appear obvious for substantial items like major buildings, road, drains or hedges, there are often items that have been added by occupier or which can appear to be chattels. A house which is constructed in such a way so as to be removable, whether as a unit, in sections, may well remain a chattel, even though it is connected temporarily to mains services such as water, electricity.