Land in the UK that has been previously used for any purpose and is no longer in use for that purpose is called a Brownfield site and it is often seen as a good investment for both housing or a more commercial development.
There are several things to consider when considering buying brownfield land, including its previous use and possible contamination, its location, planning permissions that might be needed, any legal restrictions attached to the land and the cost of supplying various utilities to the site.
Buying building land can be expensive, but generally a brownfield site that has previously contained buildings may be a more affordable investment, but this will depend on doing the homework thoroughly before making a decision to buy.
There are several things to consider when considering buying brownfield land, including its previous use and possible contamination, its location, planning permissions that might be needed, any legal restrictions attached to the land and the cost of supplying various utilities to the site.
Buying building land can be expensive, but generally a brownfield site that has previously contained buildings may be a more affordable investment, but this will depend on doing the homework thoroughly before making a decision to buy.